From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.
Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
Yes, I totally agree with your sentiment here bro, one trading strategy is enough if you want to stand a chance in the market, because their are so many complications in the market already, so mixing it up with so many strategies will just complicate things the more for you, and one ugly truth about trading is that having knowledge alone is not enough, so discipline, emotional control, patience and knowledge on how to control your risk properly is also required if you really want to be successful, that's why trading with so many strategies will just make you confuse and in the process, you might make an avoidable mistake that you shouldn't have made, so in essence is that, just as the op has rightfully said, the only reasonable way to change is when the strategy you are using is not working anymore. |
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Before buying, we have to set some parameters to look into or before we can take any decision or what to do, investment into bitcoin is not just what we cant start like that without first considering the things which are expected of us, we have to include the investment portfolio we are coming up with, its kind, the strategy as well as the duration in which we may use in holding after which we might have invested, lastly, we have to know on o we can speculate and read the ,market to an extent, this will help us in knowing various functions of the markets indicators and their importance, and not that we sell or buy just like that without adequate planning on all these.
Well you are very much correct that preparation and planing is very important before venturing into any investment, and Bitcoin investment is no exception to that, but the most important thing to consider before going into Bitcoin investment is having a reliable source of income, because if you don't have a reliable source of income, at some point in your investment journey, you will be forced to sell off your holdings due to lack of funds in financing your basic needs and your daily lives, so having a good source of income is the most important thing to consider first before investing into Bitcoin. Secondly, concerning the words I made bold in your statement, on a sincere note, I think that's not necessary, because that is what traders do, and since you are a Bitcoin investor and a long term holder, monitoring price chart and candle sticks wouldn't take you anywhere, it would only makes you to sell when you shouldn't have sell, due to market sentiment like fear or greed, so knowing various functions of market indicators isn't relevant as a Bitcoin investor. |
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By now it is well known that Antonio Conte has Romelu Lukaku as a protégé, but I honestly believe that they will want to sell Victor Osimhen just to be able to fix the team with the money collected from the sale of the Nigerian. I, however, personally believe that Osimhen is clearly better in every way compared to Lukaku, but who knows what Conte will have in mind, the market is still long and anything can happen
A player can improve his quality under a coach who knows enough about him and of course this is about Conte and Lukaku. For this reason, if Conte really wants Lukaku then he already knows the qualities this player has. To make this transfer a success, Napoli must sell Osimhen in this transfer market because this way they can recruit Lukaku. If Osimhen fails to leave, of course Conte will rely on Osimhen this season and forget about Lukaku. As you said, it is quite true that the transfer time is still quite long and everything can change. To support the team's performance this season, Conte definitely needs additional strength from the new players who will be recruited in this transfer market. I actually thinks otherwise about Romelu lukaku, because his form has been on a constant decline in the past few seasons, and besides, he is above thirty years of age, so I believe that his form will keep on declining irrespective of who is his current manager, and saying so because you wouldn't compare the Romelu lukaku of five years ago to compare with this current Romelu lukaku that has declined in form so much. Lastly, on the situation of victor osimhen, I feels like he will definitely get the transfer out of the club, because Antonio conte has already said it that he is not in his plans due to the fact that their is an agreement already in place before he came into the club that victor osimhen will be sold, so he only wish to work with players that want to stay at the club, so I believe that he will leave the club, either on a direct transfer or through a loan transfer. |
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Erling Haaland scored a hat-trick of 3 goals alone, but in a total of 60 minutes. And the rest of the time he was normal scoring two goals in the first 4 minutes and 5 minutes both of which were very busy. Because they scored as soon as the game started, and it was a wide gap for a long time, but Chelsea scored two goals in the last minute.
In this case, Manchester City played a significant role as their victory extended their reputation, Erling Haaland is a player of high quality. Manchester City have long maintained his reputation but the potential for better performances in the future is high.
It must be importantly noted that if Manchester City used a lot of their young players in this game. It was enough to make Chelsea struggle with the game, and what about if City uses its main line-up. Im sure Chelsea will be completely destroyed by a huge margin. No progress so far from Chelsea's side. Chelsea were terrible again. Chelsea spent on youth wonderkids. But, City's younger team won, and even they looked more talented than Chelsea's young squad. What a horrendous preseason for Chelsea. This is why i strongly believe Chelsea is gonna struggle in the current season. Also, Chelsea's defensive line is very weak too. Disasi, Badiashille, Colwill, Fofana—all these defenders are crap.  Look at that Manchester City lineup. Even the subs were mostly young players, too. Yea, it's very true that the current defensive lineup of Chelsea football club is a complete crap, and if nothing is being done about it, they will be punished more when the season start, and what saddens me the most about the current defensive players of Chelsea is that, it was because of these current lads that they drop choloba that is the best among them all for now. Secondly, talking of the performance of Chelsea against Manchester city, I am not that surprised by how terrible they are performing right now, because it's a new manager and a new system, so it would definitely takes time for the team to get used to his style of play, which to me, if they don't improve fast , they will surely pays dearly in the premier league, but according to what you mean that if the second team of Manchester city can destroy Chelsea like this, then the first team will do even worst. Yea, they can do even worst if they are at their very best, but football is not like that, some days might be bad, some days might be good, so I don't think the sets of players is that important, because this is just preseason, so many players and things are being tested, so don't just conclude yet. |
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But what's the negative about fans that want their coach to win a title when the club that is coached is called Chelsea? I think it is not the same when the discussion is about Bournemouth, but a team like Chelsea with all the investment they have made into the team over recent years should of course aim for a top result. Does it have to be the title? I don't know, but I understand as a fan that if a billion was pumped into the squad and I pay horrendously ticket prices that there is some demand created for success on the fans' part.
What should they expect in your opinion? You are right about Lampard though, he hasn't been doing very well.
Chelsea should be chasing the tittle if they want fans still come to stamford bridge. but yeah it's a bit difficult especially they are in the best league in the world, maybe with the current composition of players now, chelsea will be the champion if they are in a league where the competition is not tight like ligue 1 or eredivisie. Chelsea have to fight hard right now, the team on premier league getting stronger day by day with many large investors invest their money on the club. I don't think if just equating them Chelsea able to be a champion because some clubs have already gone ahead to recruit the new best player and coach. Todd Boehly has invested a lot of money now to build Chelsea into a title contender, but Todd Boehly should also have the patience to see Chelsea become champions in the future because after all investing a lot of money does not guarantee that they will immediately become champions in leagues and European competitions, because it takes a lot of time for the process of developing a team and this is not easy to do although they have a great coach, and even Guardiola, Klopp and Arteta need time to bring the team they train to become a challenger for the title so far in the EPL, the only thing that must be done by Todd Boehly is giving Enzo Maresca time now so that they can fulfill all the hopes of fans who want to see their team winner again,the English league is a very competitive league and no team has been guaranteed to can win the English league before season end so far. On a sincere note, I don't have any problem with Todd boehly and co if they are spending rightly, the major reason am really pissed off by the approach of Todd boehly is that, he just want to be at the forefront of everything, without acknowledging to the fact that their are professional that knows how to do this recruitment jobs, and wouldn't be exploited the way he is being exploited. Ok let's look at the kind of players he is been busy signing into the team since he took over from roman abrahimovic, like 90% of them are just kids, do he thinks the English premier league is and under 21 competition? Even though some of these players might comes in handy in the future, but the team needs reliable and experience players now, like in the next four to five years, by then most of this young lads will be ready to step up, but right now, they are just kids that aren't ready to compete, so in my own opinion, they should try to sign experience players into the team, so that they can blend with the team, because in football, experience is very much important if they really want to compete and comes out on top, in the fourth coming season. |
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I think the market just offered us another opportunity to buy, buy and continue to collect more Bitcoin at a very reduced price. This does not come as a surprise to me though because I expected some corrections from ending of July to August but this will begin to change as we approach September, a month that is always seen as a positive month for Bitcoin. Both those using the DCA method and buying the dips have the chance to take advantage of the drop in price. This is not the time to panic but time to take actions that is intentional.
This month may be the last chance for us to buy dips. We may not be able to buy bitcoins at this price anymore. This month of August may give us a great opportunity to buy more bitcoins at a lower price. Many holders are panicking and selling their bitcoins, I'd say they're making a huge mistake that they'll regret later. This is not a month to panic but rather a month to take advantage of opportunities. So don't panic during this low price of Bitcoin and focus on increasing your investment. Actually this is really a period to take advantage of the market but not a last chance because as long as Bitcoin investment is concerned there's nothing like last chance to..., because we can't really tell for sure, we are just predicting and for those who are panicking is not necessary and people who panic seeing the price of Bitcoin dipping are mostly traders and those who don't know how Bitcoin works because someone (investor) who understands how Bitcoin works will take advantage of... wisely instead of panicking. Bitcoin is more risky for investors to panic which could be detrimental to their holdings. You can expect enough bullishness but price assumptions may not be correct so you should continue to buy Bitcoin regularly (DCA). Boldly increasing your holdings and making the right decisions and buying dips can tempt you to grow your Bitcoin stack as expected. Accurate forecasting of the market is not applicable to you if you are into buying regularly and expect more holdings. You should aim to build up a stack of Bitcoins alongside your family's daily expenses and wait for the chosen time to diversify your portfolio (DIP). What you were saying wasn't that bad, but you later spoil it with the words I made bold, am talking of where you were talking of diversification, that we should wait for the chosen time to diversify our portfolio. And on a sincere note, It saddens me that most folks that has gotten a taste of knowledge on Bitcoin and what it entails still thinks on diversifying, when they knows perfectly well that their is no substitute to Bitcoin, any other token aside Bitcoin is very risk, and their is a higher probability of losing your hard earned money because it's like gambling, Something that the chances of you losing your money is way more bigger than the chance of you succeeding, so why would I take such a risk? what I just have to tell you is that if you are bent on going that destructive part of investing in shit coin or alt coin, don't try to lure others with you, because in the world of cryptocurrency, their is no diversification, because their is no substitute to Bitcoin. |
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The Vice President in Nigeria, Kashim Shettima on August 2, 2024 said, the Federal Government has an intention to educate the youths and the citizens on the Cryptocurrency Blockchain Technology to surpass the Leading Economy of State. He spoke on the training program of AI, and the focus is to train the youth on the digital transformation in Africa continent.
Gluwa who is also a partnership with the government will train the youth in Yakubu Gowon NYSC camp annually. And they are to launch a Blockchain Network called Nigerium.
Source. Crypto Pulse Nigeria.
Sometimes I dy wonder if most of this our politicians dy craze, because the way them dy do off and on they surprise me, first an foremost, na so them say them don lift the ban on cryptocurrency, say all banks fit operate and do crypto related transactions, but e no even reach 3 months, them start to dy put pressure on banks to fish out those people in the country wey dy do crypto and forex, all in the name of say, na them dy make our naira fall, something wey dy very clear say na lie. Now them don come with another antics, saying dy want to educate youth on Blockchain technology and cryptocurrency at large, see eh, sincerely speaking, na naija boy I be, I know say all this things wey Dem dy talk openly na just camouflage, how can dy be talking of teaching and sharing knowledge of cryptocurrency and Blockchain technology while fighting it? Na who Dem wan deceive? E dy really funny say people wey dy fight cryptocurrency and Blockchain technology, dy talk about teaching the youth on how to venture into it, as if them allow the few citizens wey dy into it already, do am freely, so in essence of wetin I dy talk is that, this particular news, if no be lie, na just camouflage, to use deceive naive people. |
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In as much as trading can be very risky especially to someone that knows nothing of the craft, but it can also be profitable and lucrative to someone that knows what it entails and how to navigate his or her way around it, quite of late, I have observed that the best way to trade is by following the trend, what I simply mean is that if the market is buying, you will be only looking for a buying opportunities, if the market is selling, you will only be looking for a selling opportunities, I think with such strategy, you will definitely have a more win rate than you can ever imagined.
Am saying so because for the few experience I have had in trading, I have come to understand that anytime you trade against the trend, it's more likely that the market will do a quick one on you, and you will lose money in the process, and one thing we also needs to understand is that trend move is way more stronger than the market structure, so we need to know that most perfect set up, will mostly fail anytime it's against the trend, so the best way to navigate your way in the market that will make you profitable is by trading with the trend, not against the trend, I don't know if anyone sees it the same way, or have different opinion.
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It is not that a fun if you are losing and not winning. But if I win and lose, it is fun for me and that is what that is happening and I do not consider if I win more or lose more. That is me.
What about you? You need to ask yourself this question. What makes you to be gambling? The reason for most people is to earn money. If such people are losing they will not find gambling as fun while losing.
Yea, I agree with you 100%, gambling is meant to be a fun thing to do, but most folks have taken it as a means of making money which has removed the fun out of it in their own perspective, especially when they at the losing end, because am quite sure that it's never a fun thing by losing money, when you are actually hustling for money. Secondly, another aspect of gambling that remove the fun out of it completely and makes it a do or die affair while gambling is when a gambler gambles more than what he can't afford to lose, and since it's an amount he can't afford to lose, he is only expected to be at the winning end of it, anything other than that is a total disaster too him or her, so in essence is that, gambling for fun can never be possible when an individual gambles what he can't afford to lose. |
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~Snipped
Is Gabriel still the best choice for Arteta this season, I looked at his statistics in two seasons, of course Gabriel is not a striker who frequently scores goals.
I don't know but Gabriel Jesus give me a similar vibe like that of Bobby Firmino during his time at Liverpool. Like Firmino, Gabriel doesn't seem like a striker, more like an attacking midfielder or backup striker. That said, it's important to remember that Gabriel Jesus was exceptional last season especially in games he shone really well like vs Manchester United. The major problem he had last season was the excessive injuries. Whenever he gets back from injury and close to a good form, he picks up a new injury. Too bad for him. You and I know that Arsenal manager, Mikel Arteta is not buying a striker. if he buys one, I will dance for street naked. This man I know, will put his trusts in Kai Havertz and Jesus until they prove otherwise. Arsenal still need a striker even if Kai Havertz is the first choice because Gabriel Jesus won’t take them anywhere. He’s not reliable and consistent. His injury record has been the cause of his poor form since his arrival in Arsenal. Arteta seems to be prioritizing other positions in the squad, which seems like Arteta does not think his team needs a striker. I’m sure that Arsenal won't drop €80m, €100m for a striker, that’s not happening. Benjamin Sesko was their best bet and probably he wasn't guaranteed being on every starting lineup. Honestly, I will want them to get a new striker before the end of the transfer window，but if they don't get one, I still expect them to win the EPL title. On my own opinion, this is the major problem of arsenal, and that is why they can't win the premier league and they wouldn't win it anytime soon, because they have failed to understand that it's unheard of that a team will be crown champions without a prolific attacker that's going to guarantee then the least 20 goals per season, and right now, arsenal don't have such player in their team, so tell me why they are actually going to the premier league when they have fail to understand this? Ok let's look at the historical record of those teams that has won the English premier league, they always have an attacking player that guarantee then 20 goals plus per season, but this arsenal team don't have such player, and the bad part about it is that Mikel arteta is not planning to fix that, with the hopes that havertz is going to deliver the goods in that position, which i strongly disagree, Kyle havertz isn't an attacker and he barely produce more than 15 goals per season, so if that department isn't addressed, I can bet that arsenal is never going to win the premier league anytime soon. |
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You don't have to watch any chart when you are into bitcoin investment for long term. Anyone telling you to watch the chart is not giving you the right advise. All you have to do is keep buying your bitcoin from exchanges and withdraw to your non custodian wallet, it can be there for as many years as you want. Any strategy you decide to use is up to you the most important thing is that you are buying your bitcoin. But since you are in for the long term it would be more preferable to just use the DCA and stop stressing yourself trying to be awake at night to catch whatever price level you are targeting. It's fine that the auto buy worked for you last night when price got to the region you targeted, but what of other days when you won't be that lucky does it mean you will keep prolonging to execute your buy order? No wonder you are always awake at night to watch it. Bitcoin investment shouldn't be done in a manner that it will be like a burden to us. So my advice is this, you should buy at whatever price you meet bitcoin when your money is readily available, and avoid the stress of watching charts and keeping late night.
well I have a bitcoin ticker that I keep an eye on during the day, and when I see a decent dip I used to buy, but now I just auto-buy whatever the price is high or low, it was just nice to catch a low last night that I would have missed if I did the old way. I`ll still buy extra during dips, but I won`t worry about it if I miss a few, I have a reasonable sized bag at the moment that I`m happy with, so the pressure`s off now and my laddering-in days are over now, it`s just auto-DCA for me  Their is a saying that goes like this, that the best time to buy was in the past, and another best time to buy is today, so my guy, it doesn't matter the current price of Bitcoin right now, what is very much important is that you keeps on buying just to increase the stash of Bitcoin in your possession, though you might decide to buy aggressively if you encountered a dip, if you have the financial leverage to do so, but that doesn't change the fact that the DCA accumulating strategy is the best way to acquire Bitcoin, because due to the fact that you are buying daily, weekly or monthly, you might even buy the lowest part of the dip that someone using lump sum method might miss because he thought that the price of Bitcoin will dip further. So it's best to keep on buying, because we are still in the early daily of Bitcoin, so buying it regardless of the current price is the best way to go about it, because I am quite positive that in the nearest future, the value of Bitcoin will be 5x to 10x of it current price due to it high potential. |
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Let us begin the August fun of speculation and guesses.
We can see the volatility to be good but bitcoin remain less volatile also as the price is bouncing back. Since bitcoin got to all-time high in March of this year, it still fall below $60000. It fell below $60000 also in April, May, June and July. We are in August now, will bitcoin fall below $60000 again?
The second question is that, what would be the highest price of bitcoin in this month of August? Will bitcoin increase above $70000 which has been a very strong resistance?
Actually in this world full of uncertainty, nothing in this crypto space also is that certain, but on the price of Bitcoin and what am expecting from it this month, yea, am quite positive that it can break the 70k resistance in this month of August, because right now, it has retrace to 64k plus, and it's at an area of confluence, a very strong one at that, which I believe that it's very much unlikely that the support will break, but if it's does, the next strong support is at 61k plus, though nothing is impossible in the market, but I really don't think that people will dump their Bitcoin that much for it to break blow these two major support, so in my own opinion, Bitcoin breaking the 61k support and going below further is a complete no too me, it's very much unlikely. Lastly, why I believe that it's more likely for Bitcoin to break the 70k resistance than going below 60k support is that, if you look at the Bitcoin price chart on a daily timeframe, you will observe that it's still on an uptrend, what the price is just doing right now is a pullback, so I believe that the uptrend will continue, it's just a matter of time. |
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 Who has read this news? I read this from the social media handle of Supersport that Klopp is bowing out of football coaching career. Who has thought it will end like this? Nothing is heartbreaking to me than reading this. I thought he was gonna have a year rest and take up a job again, even if a national team. I pray Liverpool should not miss him every weekend and what did Liverpool management do to him. I believe something personal is wrong with Jurgen Klopp. This is not about leaving the stage when the ovation is high. Is this already confirmed before? I was not even seeing it being published by the big media. I saw that some crap media wrote about Klopp's retirement from football. But, I wouldn't be disappointed if that's his final decision. Hopefully, it was not true, but if it's happening, I can understand Klopp's decision. A 57-year-old guy deserves it, and he must take care of his family. Klopp ruled out becoming England's national coach. The reason may be related to this news. But i deeply understand his decision. Klopp deserves a quality life after he has worked so hard in the last 9 years at Liverpool. Klopp was like a father to many players and fans in Liverpool. I hoped we would see him take on another club or country role in the future, but now it’s clear we won’t see him coaching again. And enjoy your retirement, Klopp. You're legend. It's really a sad day for good football, I mean the retirement of jurgen klopp, because he is actually a top professional manager which is part of the modern days managers that has played good football over the past few years now, but on a sincere note, he definitely needs the much needed rest that being a football coach can't give him, so I wish him the best. Though at first, when I saw this news, I never believed it, I just thought it's one of those rumours that the media usually puts out just to sell their papers, but I was wrong, it's actually true, he is leaving football, especially coaching a football team, though in the future I believe that he might take a role as technical adviser or as a board member in any of the top teams, but nothing is certain, anything can still happen, so all the best Mr klopp. |
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 The friendly match between Liverpool and Arsenal is taking place now. These are two of the most renowned and powerful teams in the Premier League. And Liverpool and Arsenal are expected to battle it out for the Premier League title next season. Both have strong squads. Liverpool have Mohamed Salah and Diego Jota in attack. Also Arsenal are playing with their main squad today. Arsenal's squad has talented players like Jesus, Martinelli and Odegaard. Both teams will definitely want to win. But since this is a friendly match, neither team will play much attacking strategy. The Liverpool team got the lead with Salah's goal in just 13 minutes of the match. Liverpool are leading 1-0 at the end of 30 minutes. Although Arsenal have created several good attacking opportunities, the team has not been able to make a single shot on target so far. Not a bad start for Slott at Liverpool, maybe Klopp was right in choosing a new manager to replace him, Liverpool are certainly not worse than they were with Klopp. Although these are friendlies and it is too early to draw any conclusions, we need to wait for the official start of the season, then it will be clearer how much Slott was able to maintain what Klopp has created, or perhaps even improve, since a new look can see old problems more clearly. Klopp has been Liverpool's coach for a long time. And Liverpool's overall performance with Klopp's help wasn't bad. Liverpool played well enough. However, Klopp was not interested in staying with Liverpool this season. So the Liverpool management gave the responsibility to Arne Slot. Arne Slot's experience is comparatively less. But he is a good enough coach. And in the match against Arsenal, Liverpool's boys performed very well with the help of Arne Slott. But it was a friendly match. So maybe Arsenal don't give full effort to win the match. Whether Arne SLot can strengthen this team is yet to be said for sure. But undoubtedly Liverpool's goal is to dominate the Premier League. So Arne Slot must develop a stable match strategy. If Arne Slot succeeds, the Premier League will be more crowded and competitive. I am not that surprised by the result especially because this is preseason, most teams are testing players and different types of system to know which one is good for the season ahead, so it wouldn't be logical to focus too much of our attention to the result, what is important to me at this preseason is the performance of the team, so the final result is not that important to me right now. Talking about Arne slot reign at Liverpool, he is just getting started, and their are high hopes that he can brings to the table what jurgen klopp brought to Liverpool, by competing with the very best, but as it stands now, we haven't seen anything from his Liverpool team, not until the season start officially, but in my own opinion, I think he can take Liverpool football club to a even better height if he can be given enough to to blend his playing system into the minds of his player, because I know that he is a good manager technically. |
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Yeah, but so what? You don't need a lot of capital to either invest or to trade in bitcoin. Sure, the more capital you have the more advantaged you will be, yet bitcoin gives you a lot of opportunities, even without large capital, and you work with what you got. So many times, poor people whine about how they would be so much better off if they had more capital blah blah blah.... and those seem like waste of time mindsets.. since you can both ONLY work with what you got, and yeah, it is obvious that more capital provides more options.... yet at the same time, there are opportunities, right here in front of all of us, to invest or trade in bitcoin without much capital at all. You can start with $10 or $100 or even $1k is not a lot of capital and figure out your strategy from there. Don't get me wrong. Even though I mention trading, I surely am not much of an advocate of trading, especially with bitcoin and especially that there may well be way better ways to make money to invest and to build the capital that you have in your investment portfolio... and it going to tend to take a long time to build up an investment portfolio, whether you trade or not and whether you get income from a variety of sources, especially if you are starting out with low capital.. so yeah in some sense I am agreeing with you that it is better to have more capital, yet that is an obvious point.. and not even hardly worthy of being discussed since it is so obvious.. ... and yeah there could be some folks who are able to make more from trading than they would with any kind of a regular job.. but yeah, we get back to a certain kind of point that the investment portfolio (or trading portfolio or combination of those) needs to be built up if there is some kind of expectation that income from the investment and/or trading portfolio are going to pay for the person's living expenses in part or in whole, depending on what kinds of income such person might have from other sources... These are all in need of calculation for any investor and/or any trader.. Most folks, maybe even close to 90%, will not really be able to make money trading that would be sufficient to pay for their living expenses and still be able to invest or to maintain their investment or to maintain principle in their trading account, so these can be both complicated calculations, and also calculations that have quite a bit of individual variability that specifically relate to the person's 9 individual factors. What is the essence of DCA if we can't start investing with the little amount we have. Anyone who complains about how much to start investing doesn't want to invest at all. They are procrastinating and would never buy even if they are rich. The solution has been there through DCA. It will allow beginners or old investor to slowly increase their portfolio while taking into account the inevitable fluctuation in the price of Bitcoin. No doubt that it is important to have capital, but would you rather wait for you capital to expand before starting an investment and staying committed to it. I would understand if one knew that he can't keep up with the investment once he starts because the income is not a steady flow because he will lack commitment. Such person could possibly decide to wait until it becomes steady. Because one thing is to start, and the other is to maintain consistency and commitment in investing at the right time we choose to. What you are saying is very much understandable, but have you considered those low income earners, those set of people that barely feed three square meal a day, how would they squeeze out something to invest when they can't even feed properly, and even though they manage to, with time, due to how things are difficult for them due to their poor income, they will still falls back to their holdings because they can't save anything out from there current monthly income due to hardship, so most times it not just about procrastination that has made some people not to have invested in Bitcoin, sometimes it's due to poor income, because am very sure that if your primary needs is not taken care of first, you can still invest, but you will not be able to hold firmly. That is why it is very important before going into Bitcoin investment there are necessary funds we are suppose to set aside so that we are can able to hold our accumulated Bitcoin for a longer period of time without selling them off within a short while. We are suppose to have a reserve fund, float and emergency fund and also a discretionary income before an investor can be able to stand strong on his or her Bitcoin investment journey. You are absolutely correct emergency fund is very necessary before going into any investment in case there's a challenge but then again, sometimes it's not really necessary to keep emergency fund before doing any investment and if I may ask how much will one keep as an emergency fund? Cause sometimes even the emergency fund don't use to be enough to solve problem(s) since we all know this why waiting to keep... Before venturing into Bitcoin investment and I want to let you know that there are people who didn't keep emergency fund but they are really doing well in their investment so we shouldn't sound like this is a criteria one ought to meet before going into investment though it's good but lack of it shouldn't be a barrier because the truth is we can't actually keep everything ready. It's true that you don't have to have it all before venturing into Bitcoin investment, because you can actually start accumulating Bitcoin through the DCA accumulating strategy without having all the required knowledge, and along the line you can seek more knowledge on how you can be able to hold firmly, but take note, in other for you to start your Bitcoin accumulation process, you need a reliable source of income, yes you need it, because you can't be consistent in your buying of Bitcoin weekly or monthly if you don't have a reliable source of income funding your investment, and also funding your daily financial needs. Am saying so because if you don't have a reliable source of income, at first, you wouldn't be able to build a good stash of Bitcoin overtime, and secondly, at some point you will definitely temper with it, I mean the one you already have, just to survive that day or attend to an urgent financial needs, so it's very important that you have a reliable source of income before even thinking of Bitcoin investment. And as for the emergency funds, you can make a provision for it immediately you start accumulating Bitcoin, not a must that you must have it in place first before starting, but it's very vital in your ability to hold firmly. |
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The list plenty but make we Sha talk of the disadvantage wey e fit cos l, ike
Money laundering,
Inequality : Bitcoin fit the benefit people wey they technically savvy, people wey get money to invest and Nigeria wey I know all of this fit still resolve to corruption..
So my country people how una see this matter?
Everything get good and bad sides but when the good better pass the bad, you suppose just do the thing as you no fit stop something from having a bad side. Make we look at some of the disadvantages wey you talk, Money laundering no be wetin we suppose dey tie to only use of Bitcoin (when it gets adopted) because fiats na the highest medium of exchange wey dey involved in money laughing as cash is more untraceable than Bitcoin. If you see cash, you no fit talk where e dey come from but Bitcoin can be traced when there's no mixing involved. So the problem of money laundering no be wetin we fit solve as even the most sophisticated countries are guilty of money laundering. My boss you don talk well, na the country wey we find ourselves be this, just as you rightfully said, anything wey get advantage go also get disadvantage, but base on say our government dy mostly kick against cryptocurrency generally, so Dem go mostly focus on the negative aspect of it without even talking of the good side and how e dy beneficial to we country. Secondly, as our government dy so, we know say for them to be in power, then wan be in control of everything, but Bitcoin existence in our society remove that power of control from their hands due to it privacy, so I believe say na one of the major reason them dy always kick against Bitcoin and cryptocurrency, under the disguise of say them dy use am launder money, something wey dy even happen with our fiat currency on a daily basis, so in essence of all this is that, na because our government no fit be in control of how Bitcoin and cryptocurrency dy work, that's why them no wan see the good side of it and how e dy take helps and improve our lives and economy. |
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In Barcelona, since Flick joined this team, they have been trying to hire players and they want to get the team improved. Dani Olmo is the player they wanted to hire this player for the next season. His good performance in Leipzig made Barcelona send him an offer. But it seems the offer was not good enough and Leipzig said they would let his god for 60 million euros while Barcelona wanted to give 45 million euros.  Dani Olmo is a young striker from the Spanish team who Barcelona are currently looking to sign for their club. The current market value of this player is not much considering his performance and skills but I don't understand why Barcelona would not want to buy this player for 60 million euros. However, if Barcelona offered the player 45 million euros as opposed to 60 million in Europe, the deal would likely be successful. If Dani Olmo's current club lowers his market value a bit and if Barcelona are interested in buying him for a little more money, then it will be seen that the price compromise has been made due to the sacrifices of the two and then the deal will be easier for Barcelona. Barcelona have sold several players this season and on the contrary they are trying to buy this player which looks like Barcelona are not out of the competition. I just don't understand what Barcelona football club mean by most of their activities, do they expect RB Leipzig to give them the player for free? What nonsense, if they don't have the money to maintain their standard as a top club, they should just sell of all their top players and be contented as a mid table team, and they should try to cut their coat according to their size, at least it's better than this nonsense they are trying to do, by tapping up a player they know that they can't afford, haven't they looked at how atletico madrid have been managing their finance and still competing with the top teams? I actually don't believe that Barcelona is that poor that they can't afford 60million euros on a single player that they need so badly, it's either they pay up, or just f**k off if they can't pay, because football right now Is mostly business. |
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Yes that was a good signing by Arsenal because the position of Riccardo Calafiori is a very important and sensitive area of the defense and since Arsenal have got good strikers, the area they are having major challenge is within the defense region but now that Riccardo Calafiori who plays as a center back have been signed to the team, we should expect Arsenal's defense line to be solid since William Saliba who is a major figure in the defense line will now play along with Riccardo Calafiori and I have come across some news in the media that shows how eager Riccardo Calafiori was to sign for Arsenal, he was so happy to join a very active competitor of the English Premier league so i believe he will give his all to see them make good improvements in the new season. Within this 5 years of his contract with Arsenal, he must have blended so well with the team.
No doubt it is a good signing. Arsenal only has William Saliba and Gabriel Magalhães as good center-backs. If one of them leaves the club or get injury, there is no proper replacement. Now, Riccardo Calafiori can replace one of them if there is an unexpected thing happening. You must know there is a rumor that Real Madrid is trying to sign William Saliba. Signing Riccardo Calafiori is the right anticipatory step, Real Madrid is very serious when they want to sign a player. Even Mbppe, they can successfully sign the player, it is not impossible if Real Madrid also succeeds to sign William Saliba. Real Madrid are highly impressed with William Saliba Anyway, you said Arsenal have good strikers, what strikers do you mean? Currently, Gabriel Jesus and Eddie Nketiah are Arsenal strikers, none of them showed impressive performance last season. I think Arsenal also needs new a top striker who have real instict as a machine goal. Osimhen is one of a good candidate but the chance to sign him looks not really high. I have also seen recent news of Victor Oshime joining Chelsea, I have always said this last season, even in my previous post before, Chelsea is the right destination for him.
As far as I know, it is still a rumor. In my own opinion, Osimhen is better to join Arsenal over Chelsea. Why Osimhen needs to join Chelsea? Chelsea doesn't play in any international competitions, Chelsea even is struggling hard in domestic competitions. If he joins Arsenal, Osimhen will play in UCL and Osimhen may have the chance to win EPL trophy with Arsenal. We know Arsenal always competes for the EPL trophy in the last 2 seasons. If they have Osimhen, the chance to win the trophy may be higher and won't end up the season at a runner-up position again. You made a very good point about the rumour linking saliba to real madrid, because I believe that if the interest of real madrid became more serious, at some point, it would be very difficult for arsenal keep hold of his services for long, just as the saying that most players usually says, that when real Madrid comes calling, you can hardly say no as a player, so I believe that if real madrid became serious with their interest, at some point they will definitely sign him, but to the player, I think it's a wrong career move if he make such a move now, especially now that Antonio rudiger, David alaba and militao are still at the top of their game, because in as much as he is very good now, he is still not a better central back than any of this players I made mention off. And as for the rumour circulating the internet of victor osimhen to Chelsea, I really don't know how credible is that news, but I believe that if the deal went through, it's definitely going to be a win win situation for all the parties involved, and he is definitely going to improve the attacking lineup of Chelsea no doubt. |
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[edited out].
...... there is Bitcoin that is almost risk free when the plan is for long term? I agree with every point you made in your post Moreno233 - except your point that bitcoin is almost risk free. Even if their is potentially some technical truth to what you are saying, the way you said it has a potential to imply that bitcoin is guaranteed or that there is no risk.. even though you said "almost." From my perspective, your use of the word "almost" does not relieve you from presenting a misleading assertion, even if you might be technically correct in that assertion. Correction is taken as we learn every day. I think I got carried away by the fact that my Bitcoin investment have given me peace of mind so far. Considering where I'm coming from as a trader, risk is always a daily experience. I have also tried buying altcoins but the risk there even increased exponentially. When I started buying Bitcoin to hold, a lot of things changed for the better. Holding Bitcoin bring some kind of peace of mind that one could be tempted to conclude it was completely safe. Now I know it is wrong to make such assumption. Every investment have some level of risk just that some have lower risk while others have higher risk. This is important to avoid taking wrong decision. It is good you accepted that you almost sound way off and trust me I understand that feeling when someone will invest and then seeing that the investment is going so well and smoothly... I mean seeing that you are already on a huge profit yeah, I understand but it's not nice to use your over happiness to make this investment look so certain because what we said can affect people positively or negatively so we should be careful on what we speak about Bitcoin investment though Bitcoin is one of the safest investment but that doesn't mean it's certain or guarantee however, the level of it certainty is much more than it level of uncertainty in other words Bitcoin is a nice investment yeah. apart from his usage of the phrase "Risk free", I don't see any misleading thing from what he said most expecially when it's coming from a fellow that was once a trader and decides to start holding Bitcoin instead of making things too complex through his trading. Relative to trading, holding Bitcoin could to some extent gain the notion of being looked at as a somewhat risk free investing approach even though no investment is 100% void of risk. It's just because when you're holding Bitcoin for the long term, you're not at any serious risk to become afraid that because you've experienced correction at a certain month or another that lasted for months that you've lost out in your investment, it just means you have to wait pass those correction point and you can get back to being profitable. While it's good to have a positive state of mind towards your investment, it's also good to be as realistic as possible and know that risk is a pivotal aspect of all investment journey. Yea, I agree with your sentiment here bro, anyone who has been a trader for some time now and decided to switch to holding of Bitcoin will definitely tell you something like that, that Bitcoin investment is risk free, you know why, because risk attached to holding of Bitcoin is nothing compared to trading, which you can lose all your hard earned money at once, so it quite understandable, but that doesn't change the fact that Bitcoin investment is also risky, just as every other investment out there, mostly for short term holders. But the good news about Bitcoin investment is that due to the fact that we are still in the early days of Bitcoin, their is a higher probability of Bitcoin doing 5x to 10x, 10years time from now, so if you are a long term holder, you are more likely to be in a very good profit if you seize the opportunity and invest now, but why we all sees it as also risky is because of the too much uncertainty in the market and today's world generally. |
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In the crypto market, there are many trading pairs. After trading only two pairs for a year, I discovered that it is good to focus on a few pairs. Why? It has allowed me to master those two pairs and understand how they really move. It has also taught me patience because when your favorite setup does not appear, you can avoid entering a trade. Remember, jack of all trades, master of none.
What is your opinion about this?
Well in my own perspective, I think that trading multiple pair is quite good, because their are some coin in which their chart is not as clear as that, so when in such a situation, the best is to move to some other pair which is more clearer and easy to know the exact trend of the market, but one key aspect of trading that is very much important, and even more important than the currency you are trading is knowing what to do at the right time, in as much as focusing on any chart that is very clear is quite good, but if you have no knowledge of trading and what to do at the right time, bro, your effort would be useless, so first of all, the most important thing to do is to know all it entails to be a profitable trader, before talking of the pair you wish to trade. And lastly, you talk about mastering a pair an how it moves, bro, that is not how trading works, and if you thinks and trade like that, you will definitely lose money, because their is so much unpredictability in the market, anything can happen, so you don't trade by what you expect or feel, you trade with what the market is giving out at that particular time. |
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