For sure, I do not recommend trading or gambling as a base case - but some times people are very tempted to go with all or nothing practices, or they might start to trade with a small amount and then get sucked into more and more and then pretty soon they are putting too much of their holdings at risk.

It tends to take most normal people a long time to build up an investment portfolio, yet at the same time, the lack of patience causes a lot of people to become impatient and also want to attempt to make more by trading or gambling - and the vast majority of traders do not have portfolios that perform better than more straight-forward DCA strategies.  So yeah, in the end, when guys/gals are tempted to gamble, it is usually better to limit those strategies and continue to have their base case as DCA accumulating, buying on dips and various forms of accumulation that do not involve selling in order to buy back lower.

There are some theories that suggest that BTC holders might want to consider at what points do they start to rake some of their profits..

Risto's (SSS) - A Sane and Simple bitcoin Savings plan thread is one of those   (RIP to Risto)

and sure maybe there are points in which your BTC investment is 100% in profits, 4x in profits, 10x in profits, and at various points, you may choose to sell portions of your BTC.. and you may well be emotionally neutral in regards to whether you are going to use that money to buy back or not (in the event that the BTC price goes lower).....

So let's say that you invested $20k into BTC when prices were below $1k, so that got you around 20BTC.  So when the BTC prices went up to $10k, you had around $200k in value, so you decided to sell 1 BTC, and then when prices went up to $20k you sold another, and so on and so on  up to $60k you sold 1 BTC each time the price went up $10k.  At some point you might start to get nervous because you ended up selling 6 or 7 BTC, so you were down to 13 BTC when the BTC price was up to $69k.. and if the BTC price had kept going up you felt that you did not have very many BTC... so maybe you were able to buy back... and maybe not.  A lot of people do end up screwing up in these kinds of matters because it seems great on paper and in theory, but putting it to practice is not always very easy to figure out price points to sell, how much to sell and at what points to buy back, if at all.

So yeah.. it is possible that selling might ONLY be done when in sufficient profits.. but there still will be questions regarding how much and how to do it.. which likely involves risk management, like you mentioned Sayeds56.

Actions speak louder than words.

Sure, I don't necessarily expect you to sell all or any of your shitcoins at a loss, and the reality of the matter is that at the time that you invest in any asset/currency you should be prepared for the various price direction possibilities, including having tentative plans regarding how to get in or out.. including various thoughts regarding how to deal with the price moving against you - including whether you would be ready, willing and able to ride your investment to zero as one of the possible options.

At the same time, like I already said, any person who "understands very well that Bitcoin is the best investment ever" will act on that information ASAP rather than saying that s/he will "begin tomorrow" or some contingently unclear day in the future.

I understand that personal circumstances of getting started in bitcoin right away might ONLY allow for getting other aspects of finances and psychology in order before even being able to buy $10 worth of BTC... because sometimes personal finances and psychology are such a mess that there is no ability to actually inject money into BTC.. because as many of us realize, you are not "investing" but instead "gambling" if you have not made sure that you have your expenses covered.. including having some emergency funds (or cushion) available too.


Don't get me wrong.  I am not opposed to guys/gals treating bitcoin however they like, including gambling and trading with it, so long as they know what they are doing - and one of the realities of the matter is that bitcoin serves as one of the best, if not the best, investment opportunties that are available, so in that regard, any strategy that treats bitcoin as a way to gamble or to trade should be attempting to be informed about what bitcoin is and how to balance such trading and gambling.

It seems that many times, people do not sufficiently recognize and appreciate bitcoin for what it is, so in those regards, they do not figure out a way in which they can make sure that their bitcoin allocation is actually realistically balanced in terms of their own circumstances.  

So for example, a person who has already built a $100k investment portfolio and who has concluded that s/he should invest 10% of that investment portfolio size into bitcoin, which would be around $10k or $11k), then if that same person is fucking around with his her BTC holdings so much that it is fluctuating between 0% and 50% and perhaps other variations between because s/he is trading and buying and selling and playing all kinds of games, then it is possible that his/her actions are not consistent with his/her view of bitcoin as an asset class/investment.  

On the other hand if that same person were to invest 10% or so, and then to maintain that 10% in a separate fund, it is possible that another fund could be created that involves trading and gambling with BTC or however that person believes that s/he wants to attempt to achieve personal goals by trading/gambling.  The end result should involve attempting to match personal expectations and accounting for risk management in order to attempt to avoid (or minimize) getting reckt, which getting reckt does not seem to be a very good financial management tool, even though there are people who believe that it would be acceptable to "get reckt" because they are so deluded into believing themselves as invincible and/or perhaps charismatic geniuses... which hey, to each his/her own.. the charismatic genius is not part of my base case way in considering and talking about these kinds of bitcoin investment (or even trading) related matters.

In other words, my idea would be that if any bitcoiner (whether newbie or established bitcoin veteran) has his/her shit together regarding their bitcoin as an investment portfolio, then there can be some dedicated part of the portfolio that allows for gambling and/or trading, even with a good investment like bitcoin.  I personally don't fuck around very much with any of that, except for attempting to trade big swings and to manage risks with the incorporation of portfolio management that so far has been keeping fairly high allocations kept and maintained in bitcoin.

You are right, I completely forgot about the blockchain gaming craze. I guess blockchain gaming and gambling as well, have both contributed a lot for Cryptos and in general to Bitcoin, as it lured a lot of newcommers to cryptos and ultimately to Bitcoin.

The idea that Bitcoin mining would make renewable energy more attractive is not new, it started floating around the same time when it became clear that Bitcoin's energy use is rapidly increasing and already became noticeable on a global scale. So it's already time to show the real world examples of how Bitcoin helps renewables. Where are they?

What do you mean, mate?
I don't think predicting market trends is a problem. It is the way to know your opportunity to buy or sell. Predicting is a necessary part of trading or investment. If you can't predict the market trends, you don't know when the best time to collect crypto assets and take the profits.

Almost all crypto coins move slowly in the current market condition, not only BTC.
If you are not familiar with future trading, sure you need to stay away. But if you know well it, why do you need to stay away?

If you are trading crypto coins, you can't expect stable income.
For me, the income from crypto trading is always hard to predict. Crypto price is very volatile and the market trend is unpredictable. It is the factor to make it difficult to get a stable income in crypto trading.

We don't need to buy crypto..

In other words fuck shitcoins.

We are talking about bitcoin here, and surely there are some people who might not have any other investements, so maybe they are balancing their finances between bitcoin and cash.. and then maybe once they get up to a certain level of investment, then at that point they might want to diversify beyond bitcoin, but that does not necessarily mean that there is much if any utility to fuck around with "crypto," various shitcoins or other non bitcoin-related projects that might fall into the category of "crypto."  

Surely individual choices regarding how to invest and how much to invest and whether and how much to diversify into other assets at some point after building an investment portfolio.

There are likely a lot of people who might be at the beginning of their investment journey, and so generally it may well be best to start with just investing into one thing, and bitcoin would likely be a good place to start (no guarantees, of course), and at the same time, it may well not make much sense to diversify beyond bitcoin and cash until getting up to a certain amount - whether that is 20% of annual, 50% of annual income, 150% of annual income or some other amount that the "investor" deems to be reasonable amount to begin to diversify... and maybe just adding one new asset at a time and taking some time to get comfortable with each new asset category that is added (if determined to be added).


Yes.. even though there are not any guarantees that bitcoin will out perform other asset classes, the potential for high levels of return tends to establish that none of us have to gamble or to over invest into bitcoin to be able to profit stupendously in the future from having had established and employed an ongoing BTC accumulation strategy.. and of course, if we are able to be aggressive without becoming overly greedy, then we are likely to have better chances to have great payoffs, but in the last year, we have seen a lot of folks getting greedy and sloppy with their BTC accumulation by overly leveraging and even betting towards BTC prices to go up or sideways in the short-term so in that sense a large number of those folks learned a lesson about pain (and even complete reckage) that can happen when employing overly aggressive strategies in connection with BTC accumulation.

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

I think that bolded part is the key. While Pakistan thread was/is very active, Nigerians have more high ranking active accounts that actually supported their cause. I am not saying that Pakistani members doesn't deserve their own local board (based on their numbers I think they do) but imho that might be the reason why Nigerians got it first.


Afaik their languages are similar and they both also have English as one of the official languages, but from what I noticed while making those monthly overviews is that Pakistani members are reluctant to write in Indian board. After all, in Indian board members write in English so its perfectly normal for them to prefer writing in Urdu in their own topic instead.


Imo, the reason why forum staff is reluctant to add new boards is because there's quite a few local boards that eventually became dead/semi-dead. That of course doesn't mean that they shouldn't take a risk from time to time, but I also understand why they are very selective.

Many people just think profit without ever thinking of loss, especially many people show off profits on social media because investment bitcoin or altcoins so that it makes him interested in investment, of course this will make many people think of investment immediately even though they have to sell anything, and when the price drops then he panicked.

Cryptos have had many crazes all over the years. First, it was Bitcoin appearance.
right after that, there were the altcoins and soon after the ICOs, IPOs and all the O's thingy craze. Afterwards the PoS and stacking craze came to play and then smart contracts came around then the DAO Blow. Then the Cexes, the Dexes and right after that, we saw NFTs rise along with the metaverse. (I'm probably missing something). Now we just had the Merge.
Many of these phases have helped the crypto market achieve new highs and led the blockchain technology to go mainstream.
A lot of developments have been a part of the industry growth, so my question here is, what do you guys think will be the next craze in the industry?

Is it beautiful to dream in broad daylight?
This is all too unnatural, predictions without technical analysis and based solely on speculation without anything to make people believe what you say is stupid.
I think you are more likely to gamble with guessing results like the multiplication you show is a hallucination of your defeat.
It's fine to suggest others to buy Altcoin that you believe in, but at least you give the research you did to advise others to make more sense when people consume your thread.

I'm pretty sure the people who haven't bought bitcoin at this point are the ones who would never buy bitcoin if it fell much more. Those who haven't bought bitcoin so far are people who don't believe in bitcoin. Because the current bitcoin price is very low compared to its ATH, and no one knows if it will decrease or increase in the near term. Waiting is not the solution, the weak hand is selling and the strong hand is buying.

Whether you have a lot of money or not, I suggest you buy bitcoin now instead of waiting because no one can be sure bitcoin will drop further. Don't let the opportunity pass and regret it, bitcoin waits for no one.

Personally, I prefer the idea of investing on a weekly basis rather than a monthly basis... yet of course, the amount is kind of small to divide, and therefore, there could be some difficulties with fees or even dividing the amount up into further categories that involve anything other than DCA.

Another thing, even though the amount of $37.50 per week does not seem like a lot of money, it is a pretty large percentage of your income (30% - like nara1892 mentioned).  Hopefully, you are not overly investing into bitcoin, and you make sure that you are able to otherwise cover your various monthly expenses with the remainder of your income (as was mentioned by ajiz138), which would include making sure that you also have emergency funds available.. because it is not a good idea to invest into something as volatile as bitcoin and then end up having to sell some BTC or all of your BTC at a time that is anything other than a time that is completely of your own choosing.

Another thing is that if you are able to manage to consistently invest 30% of your income, then in 4 years, you will have invested a full year of your income... so there can be quite a bit of power and good feeling to have had created an investment portfolio that is potentially in the ballpark of being equal to 1 year of your income... and surely many of us hope that bitcoin is able to appreciate in value in order that your investment portfolio would be more than 1 year of your yearly income.. but surely, at the same time, we know that there are not any guarantees even though also many of us consider bitcoin to remain amongst the best of places that any of us can invest, so long as we do not screw up the managing our investing into bitcoin by not being able to maintain and to secure our BTC stash.


Those charts look pretty damned pathetic, and actions speak way louder than words.

In other words, get the fuck out of shitcoins LDL!!!  It hardly makes any sense for you to show that shit to us, and to say.. ."look at me I hold these shitcoins.... Don't do what I am doing or that what I did... blah blah blah."

The better idea is to get the fuck started with bitcoin, and if you don't have any money left (because you blew it all) then I don't know what to say... but if you are able to invest $15k into bitcoin over the next year, then that would be right around $300 per week...

in other words, it seem to me that the better thing to do is to show us how you have your shit together and that you are building in bitcoin, even if it might take you several years before you are even able to invest $15k into bitcoin.   Get started right away. .stop gambling and fucking around, and take your bitcoin investment seriously rather than as a way to gamble.  

It takes a long time to build up an investment portfolio.  I am not sure how long it took you to save up $15k, but I do know that it can take a long time for any of us to get our BTC investment up to $15k.. and of course, many of us likely have goals to build up our BTC investment so that it ends up having multitudes of value that goes beyond our annual income. maybe 20x or 30x our annual salary before we might start to feel that we have either reached or that we are getting close to reaching fuck you status... but putting value into shitcoins is not going to help you to build your investment portfolio so that you can get to fuck you status or even to make progress towards getting to fuck you status.. rather than just throwing your time, energy and money away.. ..

...... .. so actions.. there is a need for actions.. and specifically bitcoin-focused actions.. and no need to be showing us how much of a loser that you are because you are not ready, willing or able to focus on bitcoin...  

Snap out of it.

but if you can show us that you built your BTC holdings over the next 4-10 years or longer and even to describe your bitcoin building progress on a regular basis (and you do not have to give us actual numbers, either), then that would be way more meaningful than to show us how much you lost on stupid shitcoins.. and there aren't any shitcoins that are really worth considering and/or talking about until you got your shit together and you are able to focus on bitcoin first..

Once you get a decent stash in bitcoin, then sure, if you still want to fuck around with shitcoins, then it would be optional for you to do as a supplement, but the truth, practicality and prudence of the matter is to get you bitcoin stash in order first, before you start fucking around with shitcoins... Don't be wasting your time, energy, psychology, mental power and financial value on that crap.  We don't need to hear about that nonsense... it's a waste of our time to even hear about it..

focus.. focus.


For sure, it is easier to be consistent when you make sure that you have a cushion in which your expenses are clearly already covered... yet you are right that expenses do not tend to be equally distributed through out the month.. or at least it can be difficult to achieve a way that expenses are evenly distributed... also if you project out your cashflow, you may well see that there are periods that you have more extra cashflow and periods where you hardly have any extra cashflow and maybe even negative cashflow, so there can be ways to attempt to even those out by projecting out your cashflows and having built in cushions that you personally create by the way you manage matters, including how you manage how much you invest into bitcoin on a regular basis whether weekly or some other period of time.  


Exactly!!!!!   It means way more to act in accordance with your beliefs, and if any of us continues to fuck around, we are likely going to continue to experience the kinds of results of a person who doesn't know shit and is a "fuck around."  It could take 10 years or 20 years to build a really comfortable investment portfolio.. and when people fuck around, then frequently won't ever get to the point beyond a year or two of progress because they keep having to start over because of their inability or unwillingness to focus.


Yes... Probably no two interactions are going to be the same.  So in some sense we have to figure out from where someone is understanding the matter, and then we may well have to figure out if we are someone who has an ability to communicate with that person.. and if any such conversation might be worthwhile.  


It is still up to us whether we are going to decide to change our bitcoin approach based on such world happenings, and if we come across people who say that they are too scared or worried to invest into bitcoin, then we might remind them that it is better for them to get the fuck off of zero and ONLY invest 1% rather than not to invest anything into bitcoin, and ultimately whether they invest and how much they invest into bitcoin is up to them..

You know the expression:  "people get 'into bitcoin' at the price they deserve."... which largely indicates that if it takes them a while to get into bitcoin, then that's on them.


I could choose to adjust my bitcoin position based on my concerns about FUD.. but usually it is not good to sell on the way down.. but the next time the BTC prices go up I can choose to sell some bitcoin so that my position in bitcoin is not as large.

I can also choose to wait to buy on the way down, rather than actually buying.  Sure, I might regret it later, so in that regard, I have to accept the consequences of choices that I make now and how they might play out several years into the future... it is not always clear about how to balance or whether any rebalancing needs to be done, and some of us will make more mistakes than others in terms of how we choose to go forward with our balancing efforts.


Of course, and if you do not maintain an emergency fund, for example, then you might get stuck selling some of your BTC (or all of your BTC) at a time that is other than your own choosing... So.. in that regard, there can be ways to project out cashflow and to figure if there are upcoming shortfalls in the future that might be able to be addressed now. .or to work towards making sure (or at least increasing the chances) that you do not get into a panic situation.


investing 30% of my income per month on bitcoin seems like a whole hell of a lot when my salary is ONLY $500 per month... but hey everyone has their own way of calculating what is doable and whether they are burdening their finances by investing that much of their income into bitcoin.  

It seems to me that someone making $5,000 per month has way more cushion to work with... but hey, yeah. .each person needs to assess his/her own situation... what's prudent, reasonable and/or doable.

I will still stand on Bitcoin, despite the price situation traders are going through in the market since the beginning of this year, but there is a hope for those that never give up on their faith in this long bearish. I believe, many traders will embrace this opportunity not to regret when the price start pumping high next month, because 2024 will be another year investors will experience bearish again, and still invest on Bitcoin because Bitcoin will still remain the king among other cryptocurrencies in the community.

We know that the market is dynamic,as in it changes constantly,and as such,an investor who isn't careful enough to know when he is investing will fall in to heart problems or emotional trauma as a result of a massive fall in value,that is why it is important to condition your mind in a way that you won't get heart failure when you are at the loosing end.
Every investor knows there is risk in the game,and taking the risk is what shows you are ready to eradicate poverty from your life.

Well one thing is to make sure that anyone we talk to understands that when we are talking about bitcoin, we are talking about bitcoin, and not shitcoins.. so in that regard, we should try to make sure that we are clear in terms of making that point - especially since there is so much wrong information that is generally in the space that convolutes the ideas of bitcoin and shitcoins (and cryptocurrency).  Sometimes our audience will not know the difference and sometimes they might have already formed some opinions on the topic.  If they are already into investing into shitcoins, then they are likely going to be more committed to some of the shitcoin talking points... so the extent to which I might engage with someone who has already gone down the shitcoin path is merely to emphasize my points in regards to ONLY bitcion matters an they are gambling when they are fucking around with shitcoins.  I would not necessarily try to convince them about anything because ultimately it is up to them to figure out what they are doing and how to invest their money, and if they are interested in hearing my ideas, then I might talk with them, but generally, if they have invested in shitcoins they likely have already been vulnerable to dumb thinking and shitcoin misinformation and talking points.


Yes... if someone is already investing into bitcoin or shitcoins or whatever, they have already taken actions, so that likely separates them from a lot of folks who do not do anything, so I am not necessarily opposed to bouncing ideas around if someone is already investing into other areas (such as shitcoins), but sometimes those conversations can become frustrating if the underlying premises are way different.  I tend to talk about the same kinds of things as I do in the forum, and to talk about long term investing, dollar cost averaging, figuring out budgets in order to not overly invest and not to leverage.. but also perhaps trying to find a point that is reasonably aggressive in terms of investing into BTC. .such as $100 per week.. and if they are beginning, I might point out some sources of information such as Swanbitcoin.com. .or maybe I will share some links to information, if we get that far in the conversation and someone seems receptive.  Many times people are not receptive, so many times I will tend to tell them that I don't give any shits if they invest into bitcoin or not, and I will remind them that I am not trying to sell them anything - so in that regard, they are responsible for their finances and figuring out how to allocate themselves and to prepare themselves financially and psychologically for whatever might come in the future.. including ongoing price rises or whatever else we have in-store in the coming years.

For cryptocurrency investment what you focu on before investment is two factors, which is the price situation at the particular time, and secondly the next is the target you have for elongation of your investment, the only convenient time we the investment think that is the perfect time for investment is when the condition of the price is suitable for you.

SBF uses investors' money for fun and buys luxury properties, this is a fatal mistake that makes investors cry, so far he only plays consumer money, now FTX has officially filed for bankruptcy, and I think the police must act legally, this is not a healthy business but you can say that he is a criminal.

After falling to the $15k level as the lowest point, now it seems that the bitcoin price is experiencing a little pressure to increase in price, basically no one can predict its movement exactly, but if you look at the history of price movements in the past, bitcoin prices often fall when at the end of the year due to selling pressure by investors simultaneously, I hope that by the end of this year the price of bitcoin can go up and if the price of bitcoin goes up of course it will also make altcoin prices follow the movement of bitcoin.