is there anything like forum politics here? Wow.
I thought everyone that's here just engages in discussion to the best of his knowledge and doesn't really take anything too personal or tries to know stuff about a third party? If such thing exist, how do we know that we're taking side most expecially if we're just supporting a view that's in line with what we think about the subject matter?

This is not true. It's not just about female and male if you look at it from a broader perspective rather using selected few you've come across to make a general statement. There are females that are not just living thier lives based on how much money they have or or that are trying to just get themselves cloths and other things. Some actually want to impact lives and make there surrounding better and cares little regarding how much is in Thier account.if you look at it from some angle, money isn't bad to start with and you don't tell a man that's after money that he's behaving like a woman. Understand that first of all, you need to have money to take care of yourself and when you've now reached a statement of having personal comfort, you can now think about reaching out to others that aren't financially strong compared to yourself. You don't go about helping others or creating a system that works well for others when you've not sorted yourself out we. It's always self love before extending an helping hands to others.

The DCA method is just one of the basic methods that's used in the accumulation of Bitcoin and other assets but isn't really the best approach for everyone. For those that don't have the means to buy large sum of Bitcoin or an asset at a time, DCA can work well for them since it doesn't require them to have all the money intact before buying. But if you have the resource to buy your asset in lump sum, then there is no point of using the DCA methord.

Know that DCA has its own disadvantages just like any other method which is that with DCA method, you're most likely going to buy your asset at times when the price is high and low without necessarily buying during the DIP. If you're someone that follows the DCA methord to the later, you will buy at high prices compared to someone that buys in lump sum or buys during the DIP. It's not the best methord but obviously a good methord but the best strategy could be to use a combination of different methord in accumulating your Bitcoin or asset depending on what works best for you.

this is rampant everywhere and must of the peope that falls for it are desperate people that are looking for anything they can lay on to s a source of income. The recent and must popular one they've been using is to give you mini task to perform and they pay you for doing those task but the entry requirements is that you're to pay a certain amount. The higher the amount you at, the higher your weekly or monthly pay. You will be allowed to receive one or two payments so as to lure you entirely into the system and when you've become comfortable with them, they will most times as you to upgrade to ab higher amount which is suppose to triple your weekly paychecks. If you ever make the mistake of paying the money you've just lost and fallen for thier plans and they will never allow you withdraw your money again.

They are mostly ponzi scheme and should be avoided by all means. Generally, anything that involves you to make an initial non refundable amount before ever getting started is most times schemes that's created to extort money from you.

although if we are  considering the number of years Bitcoin has actively proven to be an asset that's of an investments quality, we can say that Bitcoin hasn't stayed that long and is still a growing asset but we can't make such statements with the assumption that it past record isn't good enough to have built a good faith from while making current investment.

As long as the decentralized system is concerned, there isn't an alternative or any other asset that has stayed on a similar range of years with Bitcoin and has gained this level of relevance and importance. Gold has been an asset that people where investing into for a long period of time before bitcoin came into the limelight but hasn't had the kind of reputation and has not seen the level of pupolarity that Bitcoin has enjoyed throughout these times it has existed, and one can literally make speculation from past circle and see a similar trend that's currently playing out in a manner that's Always better than the former circle.

Regardless of Bitcoins past values and the bunch of speculation that's currently going on everywhere, what's more important is that Bitcoin still continues to grow in it value on a consistent bases and that makes it an asset that's worth holding unto.

The urge to upgrade your lifestyle is one major issue that comes along with being wealthy and most people end up being stagnant at that point become of this urge. When you've not heard money, it's easy to assume that ones the money comes you would be able to guide yourself into being cautious with your spending but it's a totally different ball game when you start seeing the money.

If you're unable to moderate and work on your mindset to becoming matured and capable of managing wealth, you will only end up being a rascal that got wealthy and squandered all his wealth out. The need to live below your means and make plans on how much you're to spend at your ach month can't be overemphasized caus the moment you get it wrong with that, you will mismanage your wealth which might almost take you back to square one.

Bitcoin @71k is now trending in my country

They don't know what's coming next.

the thing is that the ability to accumulate Bitcoin from this period up to 10 years might seems too far for most persons but if you try to break it down into achieving certain amount of Bitcoin at the end of every year and then set an amount you should have brought by two years time and do same for four years time and so on, it's going to help you to accumulate your Bitcoin for the long term without thinking of selling it too soon even though you have seen profit along the way. Depending on how much you can assign as your weekly or monthly dues for buying of Bitcoin, even if it's just $20 per week, it's just to know that by the end of each month you should have gathered $80 worth of Bitcoin and by the end of the year you have bought $960 worth of Bitcoin. After achieving the first year plan, it can better prepare your mind to achieving the next year plan and by then your mind should have gained maturity and you can now improve on how you're going to follow up with buying your Bitcoin and even though while you started buying you possibly had some doubt, by buying for a period of at least one year, some of those doubt would have cleared out and you can comfortably make four to ten year plan from that point.

I think one reason why people make good plans for the future and don't end up achieving them is that they don't follow it up a step at a time, if you break your ten years accumilation plan into different stages of maybe two years interval, it's going to reshape your mindset and guide you to make better and informed decisions along your accumilation journey and if you are able to buy Bitcoin for a whole year without selling, you can always replicate that for the next year and then the next untill you've reached your accumilation goal.

Nija local board.

First time posting

Link 1. https://bitcointalk.org/index.php?topic=5497415.msg64170388#msg64170388

Link 2
https://bitcointalk.org/index.php?topic=5498864.msg64170335#msg64170335

Link 3.
https://bitcointalk.org/index.php?topic=5498780.msg64167939#msg64167939

Link 4
https://bitcointalk.org/index.php?topic=5498530.msg64156665#msg64156665

Link 5
https://bitcointalk.org/index.php?topic=5477266.msg64063934#msg64063934

it all depends on the individual plan before starting his investment. If an individual decides to use let's say 10% of his monthly earnings to take care of his investment, he doesn't need to always take care of all his needs before investing with that amount, once his salary comes in, it's just going to be that the person will have to take the 10%, buy his Bitcoin at that time and then proceed to using the rest of his money to sort out his expenses and maybe make provision for a portion that can serve as his emergency funds.

Being aggressive with your Bitcoin accumulation is good but it's not for everyone, it's even best to go at your own pace and buy with an amount that you're okay with since for most cases it's best to not just buy at a time and stop buying. If you intend buying Bitcoin over a long period of time, it's going to be best that you use an amount that's small so it you're doing it over a long period of time, you wouldn't need pause your buys at some point along the way.

and you want us to believe that the white are the ones that enslaved us? The slavery we're currently going through under our own politicians is nothing different from what our past slave master mated on us. To know that this are the same people that complained of bad governance before they accupied those offices and now they are getting all this benefits while the poor masses are left on the street to suffer just to feed themselves and yet they will send tout to extort and tax the average man on the street.

This is part of the reasons why we can't deny that we are our major problem. Instead consistently borrowing money from external countries to sort out any minor problem we're facing, what's the problem if we go back to the drawing board and make adjustments to some of this unnecessary allowance? The are earning this much but are afraid to at least raise the minimum wage to 100k? Isn't that wickedness of the highest order? The lecturer and school teacher that are doing the real job are under paid with almost no allowance that comes with the job and you expect our educational sector to function well? Sometimes when I look at list like this i just wish they are not true but unfortunately this is the sad reality we've been living with for years now.

There are better solutions to the increasing cases of insecurity in our land and cryptocurrency has almost zero role to play in this regard. Most of the people that are possing security threat to our national security don't even know a thing about cryptocurrency or how they can use it to help thier financial life. How many of the nija delta militant, the boko Haram, or the agbero on the street is conversant with Bitcoin investments or trading? Do they even have the basic knowledge on it?

To solve our national security issues you should be talking about getting the youths to learn skills and providing job opportunities for them so they don't waste there lives hunting for what doesn't belong to them. We should also be looking at discouraging our youths to desist from being used by politician as thugs to carry out there dubious activities. Cryptocurrency isn't for everyone and while some people would need to get involved in it, we have to be open enough to know that other section of our economy plays a major role in decreasing the level of insecurity in our nation.

even though the naira has been performing too bad, the Mexican peso isn't also immuned to inflation. Fiat is always subject to inflation and it's not just a currency concept but relates generally to all fiat. Some of the currencies that when compaired to the dollar has a close margine don't even have good purchasing  power in there region.

It's no doubt that saving in Bitcoin is always going to be preferable as opposed to saving in fiat and there is no two ways about this but let's not paint the Nigerian setting as if it's the worse. the devaluation of the naira and other currency has a huge effect on an individuals ability to buying Bitcoin because the less valuable your currency his as compaired to the dollar, the more deficult it is for you to buy Bitcoin with the same amount of Naira. If  $1 was equal to 200 Naira, it's going be easier to buy more Bitcoin even if you don't have too much fiat in your account but that's not going to be the case at this point when $1 is at the rate 1500 naira. The more our naira devalue to the dollar, the less amount of Bitcoin we would be able to buy.

Let's take  An average person in Nigeria that earns 100k as his monthly salary and is interested to invest into Bitcoin with 10% of his income as his monthly DCA amount, if we convert it to the dollar at a rate 1500 then what he would be able to use in buying Bitcoin every month is going to be $6.6 which almost makes it unrealistic to invest in Bitcoin.

The devaluation of our fiat should be a thing of concern to us and not a motivation to invest in Bitcoin. There are far off better reasons why we should invest in Bitcoin and the devaluation of our currency isn't one of them. The devaluation of our currency causes an increase in the cost of living and comes with so much disadvantage.

regardless of your goal or preference, it's still not reasonable to trade Bitcoin most expecially if you consider it to be an asset that's worth buying. If you want to buy Bitcoin and sell it the same day, what's the sense in doing that? So if we assume that today Bitcoin started at $68k and closed at $69k, how much Bitcoin would you buy within the day and still sell it today to have suggested you've made profit? Regardless of how you try to paint it, Bitcoin isn't good as a tradable asset and the urge to sell your Bitcoin whenever you're in profit is just an indication that you're just a short sighted person that isn't ready for long term holding.

I'm interested to know how you can trade your Bitcoin and still invest it by combing both trading and investing. Truth is that if you're a trader, you can't even do anything like investing because what trading does to you is that it shrinks your Bitcoin and keep reducing it at any moment you have a loss in your trading. There is nothing like being able to manage both trading and investing. If you're serious about making a reasonable investment, it's best you buy Bitcoin and hold it for the long term rather than trying to multiply your Bitcoin by risking it through trading.

even though I'm a newbie on the forum, I know the basics on Bitcoin before even being active here and I have already known that trading is almost the same thing as gambling and it has never ended too well with me and so I don't even consider it an option. The advantage I have come to know about buying Bitcoin on a continuous timeframe and not taking out profit sonner than expected is that it gives me the knowledge that I'm not just eating all the things I'm earning at this moment and that I'm actually preserving a fraction of it for the future which still has a higher chance of doubling or doing above my expectations with time. Even if it doesn't get to my desired position, I'm still going to be grateful that I have at least invested into my future rather than gambling with it for the short term benefit and end up using the money all up.

it's very simple. They left the agricultural sector and fucosed more on other areas of the economy and weren't even serious to reinvest the benefit they enjoyed from those sectors into the agricultural field.

Nigeria is blessed with natural resources like crude and fertile land that's good for agricultural production and in it early days, there use to be major production of almost all the things that were needed for the nation to strive alone but overtime, things has changed and the interest is now solely focused on crude oil as her primary source of income neglecting the agricultural sector. Most youths now prefer to focuse in technological sectors while the older men and woman are the once that are left to carry out farming activities with tools that are outdated and isn't good enough to produce what's enough to sustain the whole nation causing the price of locally manufactured goods to go high because of the difference between what's demanded and what's available.

The main factor that can help the agricultural sector is if it's made to become more attractive such that people will be interested in going into the sector and modern equipment are used to produce goods in higher quantity then it's most likely that the sector will gain more relevant and poverty will be reduced to a large extent in the process.

I have never thought about this before looking at this thread here and this statement alone has gone a long way to teach me a whole new thing regarding why it's not right to talk about investing into crypto when one should rather talk about investing into Bitcoin or another thing.

Truly, we don't invest into crypto, it's iether you're investing into Bitcoin or an altcoin and not crypto and from all indication, the only thing here that has the potential of getting to $100k is just Bitcoin and not crypto or even an Altcoin. I think what we have flying out across so many platforms has done bad to Bitcoin by mixing Bitcoin and crypto as almost the same thing and it's now a normal case that most people have gotten used to the word crypto rather than being specific to call it Bitcoin.

This isn't a bad idea most expecially in a society that has adopted Bitcoin fully as this can go a long way to create more publicity and aid local Bitcoin adoption to a very extent.

But if Bitcoin hasn't gained an high level of acceptance in your region, then it's definitely not the best thing to do yet as it could attract unnecessary attention from some agency that might regularly visit such location to carry out assault on bitcoinner. Seems you guys already have systems that are working too well for you already and that's just a perfect way to go about this. Create a good social media page that's going to be very active and functional and from the reviews and responses you will get from followers that are engaging in those handles, it's going to be easier to create a good feedback on the level of Bitcoin adoption you're experiencing in your region.

for some of us that came into cryptocurrency because we just wanted to survive by any known means that was paying at the time, I learnt somany lesson from being desperate and trying somany things out which has gone a long way to build how I follow up on crypto project and overtime, I have shifted from just jumping after multiples of airdrops and project that are all hyped up to fucosing more on investing into a selected coin.

One thing I have learned is that as long as you're broke and desperate to make money by all means, you are most likely going to be the valnourable one that will end up being scammed or getting into the wrong project. To do well in crypto, you have to be as calm as possible or else you loose all your funds. Even when I did a bit of trading, I observe that whenever I'm pressured to initiate a trade for the sole purpose of getting a certain amount by all costs it doesn't always end well. I would advice that for a beginner that's not yet financial strong, maybe you should consider building your financial life outside of the crypto space first before eventually getting into crypto. It will help you focuse more on project that are really worth investing into and not put you at a spot of trying everything that's trending out and cause you to potentially loose most of your funds in the process. Of course you know you can't take away learning the basics of crypto before even putting your funds into it.

This is what my elementary school teacher would call beautiful nonsense.

When I saw the title of the thread I was eager to go through the content to see what you wrote down there because the topic intrigued me, only to find out you're talking about a totally different thing.

How is Bitcoin created for the rich? For as long as I know, at the time Satoshi was in the equation of Bitcoin, any poor person could afford a whole Bitcoin and not what's not impossible for the average person. Do we even know if he had some Bitcoin himself?

Someone should help give me an answer to this. I want to also know this.

Beauty premium is a concept that's mostly related to the preference or bias that's given to individuals with a good look over their counterparts. It's the reason why good-looking individuals experience higher chances of getting a job over their less attractive counterparts. It's not just applicable to the job sector but also applies to the crypto space.

Some crypto enjoys beauty premium based on market sentiment rather than it intrinsic value. For instance, a crypto with strong community, large number of followers, good marketing strategy, high visibility and that's well branded with appealing user interface can easily attract investors and influence investment decision even when it's a possible scam project.

A crypto can also enjoy beauty premium from influencers who if they are able to back it up can easily get her followers to invest into it, and can cause bubbles that's driven by hypes leading to increased interest and investment regardless of the actual utility or value of the asset.

We've seen how dogecoin that initially came as a joke gained significant after Elon musk came into the equation causing it to gain value even though it lacked unique technological advantages. Same happened for tap swap that's currently enjoying the beauty premium of the Solana blockchain and is getting all hyped up.

The beauty premium is a strategy that works in terms of branding your project in a manner that gives it an appealing reputation but that doesn't make those project feasible. Regardless of how well branded a site is or which famous person it's linked with, don't always trust it 100%. It could be Beauty and well appealing but still end up being a scam project.