Many people wrongly believe that they have to start out with big amounts, and so it can take a while to get into a better kind of mindset of adding little by little to an asset that hopefully is mostly moving up, even if it may have up and down moves along the way, and one of the problems with borrowing to invest is getting into the lump sum investment but then becoming somewhat dependent upon the BTC price going up in the short term in order to be able to service the loan. .and ultimately wanting to be able to pay off the total amount at the end of the term with BTC prices being higher than they were at the time that the loan had been taken out... so there could end up being too many preoccupations about the need for short-term BTC price performance.
I actually do not have any problem with adults making decisions to get loans to invest, but it seems that they better have ways to service the loan that are apart from the investment having to perform well during the period of the loan.
Yes, that's quite true sir because many people hesitate with their initial decision because they are hesitant to start with a larger level or with a smaller amount. However, it doesn't matter if they have a lot of money because they can divide it into several categories in their investments, both making purchases at once and doing it sustainably with the allocation of money that they have divided into several categories. So, for beginners, of course they can start with small amounts which they can do regularly using the DCA method. Their financial balance in investment will make them comfortable in every purchasing period because whether the market is red or rising, they can do it because they have a stock of reserve assets that they have allocated. But if they start with a lump sum purchase and don't have reserve assets to accumulate when the market turns red then they will be stuck with the existing situation. Starting an investment with huge finance is a wrong move,one of the principle of investment is to start small and grow big ,to be a good Bitcoin investor, you need to start investing and accumulation gradually using your DCA strategy neverminding how small you are buying at that moment because with time, it will grow to become huge . Gradually saving for long term will not have any financial effect on you and your expenses . Getting a loan to setup a business or having an investment is totally out of it since the interest rate will keep increasing, instead you save towards your investment or involve in contributions with trusted people so that when it is your turn to collect ,you save theoney and start buying little by little in to your port folio ,what if you are not able to meet up your speculated time of the loan payment due to one reason or the other or the price of Bitcoin remains stagnant for a long time or the price drops below the amount you bought it what will happen, therefore it is not advicesible to borrow or loan money to invest in Bitcoin .an adage say little drops of water makes a might ocean. |
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Preparedness na the most important thing to do if you wan make or get good things for dis life, some people na mouth dem take dey read ,like Bitcoin we no suppose to dey talk too much before we invest because we know say at all at all we go make am no matter from an amount wey we start to dey invest ,imagine people wey still sit down dey look sey the price of Bitcoin go come down before dem go buy, I no see dat person say him get money to really buy and invest because person wey get money and know wetin investment for Bitcoin dey about, no dey waste time at all. Unlike person wey only dey talk, him wan dey predict weytin go happen next make I be like sey him follow for the matter.
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Bitcoin increases very quickly in price within the weekend, before it finally broke through the serious relating barrier of $41k on Monday morning. Bitcoin has been on a direct upward curved path since October, when it broke through the $35k Mark for the first time since 2022, which come with Bitcoin 's total gains for 2023 to more than 154% based on the Monday high over $42k with a more than 5% gain over the last we hours.
Bitcoin now has gotten back its original ground which it lost over the years and a half since Terra's Luna coin crash.
The happening bullish attitude In Bitcoin begins from a wave of optimism around that might exist, that the Fed would have gotten to its end of tightening cycle with interest rate, which made a lot of Fed officials echo the chance that interest rate must have reached its peak and might be coming down last week,which gave investors hope towards the present era of tightening money by the higher federal funds rate which is arranged by the federal reserve that is the bank spends huge amount of money to borrow which will now tighten the monetary supply all over the economy.
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God really use Bitcoin bless our country this hard time,if not we no know wetin for Don happen to many of us especially people wey no get job or hand work at all and dey get from dem person..see now Bitcoin don reduce plenty bad boys for street wey don finish university since ten years till now wey no get work or who go help dem, ab i na pick pocket , thief, e.t.c .
Even the ones wey dey help the politicians during election sef no ready again because dem dey fit make them moni òn their own now through Bitcoin ,on like before during election period we go dey hear say dem dey fight and kill themselves mainly governorship election, but this our past governorship election for Bayelsa state no dey like dat ,everywhere dey peaceful so na very big blessing be dis o o o we thank God well well and Bitcoin makers .
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My Countdown to Member
Number of Merit(s) left: 2
A little assist from you guys will make my dream come true.
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We only need what our body needs, not too much ,for too much of every thing is bad . Of our various ages we eat our balance diet ,starting from a toddler to the aged .
We have to consider our health issues,expiring date ,type if it is for you or not, when eating any food ,the food must be quality enough to meet our body nutrients In other to avoid malnutrition .we eat to live not live to eat ,too much of every thing is bad
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To make money is very easy ,but don't you think you are in a rush as a newbie in this Bitcoin talk forum , from your activity you have not started . There are rules and regulations and steps in making money which you have to follow In anywhere you find yourself in other for you to make money.
As a newbie, if you were introduced to Bitcoin by someone you must have being guided a little which is why you are here, to continue successfully, you need to follow the advice of the forum members in other to achieve your aim . My advice to you is for you to be patience, read and understand what Bitcoin is all about , how it works, how you go about it, where, when and makes it be profitable for you .
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Na true talk we dey talk o o alot of people dey know about Bitcoin now e dey spread like wild fire because dem dey see the impact for Bitcoin people life and e no dey stress dey as Bitcoin coin don save people for we country dis year mouth no fit talk am,na him make people wan follow wetin dem dey talk about Bitcoin ,if to say our government fit accep am for we country e for make life easy for citizens because if no be Bitcoin wey save us dis year alot of person for suffer well well ,poverty no for get part 2 for we country. una know self sey even our big men dem dey investment for Bitcoin secretly , the thing wey I think say make them no want accept Bitcoin be say dem no want the youths to rub shoulders for moni aspect, dem feel say boys no go loyal again to dem make dem dey use dem for their politics and any other things wey dem Wanda for their benefit, so make we dey pray to God e go hear our prayers.
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Same to you my dear , plenty of us don dey carried away by the season we thank Baba God for this him blessing wey he shower us this year say we no follow nija hardship go ,wey he use Bitcoin save us and our family members from nija Pheroes ,we thank Baba God for the many many things wey him give and do for
us this year most especially life because na who get life go fit make am from the beginning of this year to dis moment and I believe am say him go make us see end of this year and even crossover to see next year wey go come make us experience the halving and enjoy am. Na my prayer say we go enjoy our Bitcoin halving moni with our loved ones another person no go enjoy am for us i wish my Bitcoin family ,God bless you all .Merry Christmas and a Prosperous new year in advance.
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If Bitcoin coin crash no wahala because as a wuse person I believe say every Bitcoin person no go put their eggs for one basket, dat is, you no go face only bitcoin as a source of livelihood dem spread their resources to get more income so dat dem go fit grow, if e crash dem go continue life with other investment,na him make for the forum dem dey advice say make we get another source of income to support Bitcoin.
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You need to understand Bitcoin first before going to how it makes money . Bitcoin is a that does not involve banks or governments, whereas it uses block-chain technology to assist peer-to-peer transactions between users on a decentralized network ,and transactions are real through Bitcoin' proof-of-work consensus way which gives cryptocurency miners prove of transaction.
Bitcoins makes money by forming new Bitcoin from the bitcoin mining process in which they are given as producing great deal of profit to persons who operate computer system who help to prove transactions, the Bitcoin miners are also known as NODES, the owner of high frequency computers which on its own confirm each transactions, adding a complete, public and lasting record of every bitcoin transaction. Miners are being paid in Bitcoin for work done ,that encourages decentralized network to check on its own each transaction.
The independent network of minners reduces fraud or wrong information to be written down,minners has to check the originality of each block of data before adding to the blockchain in a way known as proof -of-work.
Block chain ÷ Bitcoin is suplied by an open-source known as block chain which developes a shared public origin or transaction arranged into BLOCKS that are CHAINED together ,each person's coins stands for the worth of Bitcoin current price.
Bitcoin mining is away of creating new Bitcoin and being released into circulation, mining is necessary to the operation of Bitcoin and some other cryptocurency since it motivates users to enter detailed information inside the shared wallet that keeps path of transactions and balances below the lying block chain network and the participants struggle for rewards In form of Bitcoin also check transaction through the mining process which has begin known to confirm that transactions are finished with other past transactions ,which makes you to spend only what you have.
The miners make money from Bitcoin successfully by checking blocks and being rewarded . You buy Bitcoin when the price is favourable to you with what you can afford and invest it in other to make profit
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Dust error has to do with a little quantity of coins in smaller values which is always lower than the network transaction/ extra fees.
In dust utxo message ,the network does not accept transactions because of its specific construction needing more fees to spend the real amount of its worth, it prevents tne network from being Spammed with transaction that reduces the network and provide costs to those running BTC/LTC/DOGE/BCH server, and so in other to solve dust UTXO error, you are not to send small value transactions along side a bigger cost price because network may want to make utxo from a little transaction , which will make it fail.
Pick a smaller fee tier in the send confirmation screen, send what can go using bigger amount with default fee setting for this will leave the small UTXOs but send out the non dust ones.
Leave a reasonable amount of the remaining balance on the wallet ,if not, the network wil see it as a dust transaction when you want to spend your remaining balance.
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To be secretive is not a too much task for an investor to do, because you don't know who is who, even your family members can be an instrument of betrayal,some person's can share your information to the other out of joy which is risky , while the other has a different and bad intentions towards you and your business.
As a Bitcoin investor one need to be very secret for security purposes ,not giving out your Bitcoin
Information ,statues and wealth out is good and safe becausewhen informations are being passed out those that are about to rob you will study the process of your investment and how It operates fnancially, in order for them to perfect their plans. To be a successful bussiness person one need to secretive and i don't find any problems with that since your life is in your hand.
For you to have joy and peace of mind one have to be carefull and mindful of who you share your personal life secret with
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As an investor you need to have an alternative source of income to support your investment and your
Livelihood if not it will be very difficult to continue because of the challenges you have to pass through and the time your business will mature .
Investing in Bitcoin needs cash flow consistently in other to buy your coins and accumulate them for the preparation of halving ,in buying the dip and HODL one need to set aside a specific amount from your salary or income always and investing first before anyother of your responsibilities or expenses at the end of the month in other to save and accumulate more for long term using the DCA method or any other method you feel is the best for you to accumulate
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For any one to survive and finave his/her project properly in this present economy one need to reduce and stop unnecessary expenses and cost like no excess buying of clothes and shoes ,excess feeding,not buying of unwanted items not immediately to be used, no careless giving out of cash except for something important so that you will have enough for your monthly expenses, you only pay attention to your immediate needs, because not schooling or the medication aspects of our lives are being spared in this tough time and so for you to be able to meet up family needs you have to be strict in spending
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Indeed only research knowledge cannot help you in starting a business and achieving success ,one need to be very careful and have some good qualities such as being truthful and getting quality products to deliver to your customers at any point in time, just, like in the Bitcoin forum without quality post merit will not be given to you, the same thing applicable to our various businesses ,we should be able to do or gIve quality services even in your apprentice or buying and selling shop or in the office that will make you grow well
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I think everyone has a reason for getting what they want and that should not be a problem since he or she can afford it, as long as it is not stolen that has to gather crowd or bring disgrace to the family members , that will be very bad,in that aspects we can confidently be discussing than.
Buying iPhone as long as the person is comfortable with it and not disturbing,that should not be your problem neither be jealous because this life is turn by turn in terms of being wealthy when it is your turn spend it as you which .wanting to know why somebody is using an expensive phone is not a good idea, it shows intruding into one's personal life.
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In starting an investment one need to have a clear understanding of your goal which will make a very good use of your resources and have the necessary money on time.
As a Bitcoin investor in other to have a target you need to know what you are trying to achieve ,that is having a goal, deciding the amount of capital to start with and then fund your investment and make it grow.
Considering these factors above, one need to continually storing and accumulating your Bitcoin using the DCA strategy method to accumulate your Bitcoin buying what you can afford without affecting your expenses in all aspects of your life either daily, weekly,monthly or yearly until the halving takes place .
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