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381  Other / Meta / Re: Signature Campaigns in the Service Board on: December 22, 2023, 08:56:05 AM
Now to my question: Fees have been going wild lately and I've already seen some campaigns switch to payments over other networks while still remaining in the Bitcoin Service board (and advertising paying in BTC). Am I to assume this is alright?

Is not alright, any campaign advertising payment in Bitcoin yet paying their participants with other cryptocurrency only without Bitcoin isn't meant to be on the Bitcoin service board. The thread should be reported and moved to the altcoin service board. Don't campaign have escrow, the escrow funds is meant to cover for everything involving the campaign so when there are high fees they can pay a moderate fee that'll get the transactions confirmed in couple of hours and the participate will have to be okay with that (that's if they can't pay high fee for the minutes confirmations).

The high fees won't last forever so during this periods, that's a scarify we have to give. Staying with Bitcoin in this hard times is a scarify worth all the old times that the fees were low. Switching to a different coin, give that coin utility instead of Bitcoin so if they're not paying in Bitcoin then the projects don't deserve the publicity they're getting from launchings their campaign on the Bitcoin service board.

Bitcoin service board = Bitcoin payment (altcoins can be bonuses)
Altcoin payment irrespective of it been a stablecoin or not = Altcoin service board.
382  Local / Nigeria (Naija) / Re: How to utilize opportunities in bitcoin on: December 21, 2023, 08:50:04 PM
So now relating this to bitcoin I know many of us who joined this forum today has long heard about here or bitcoin but then they weren't in their rights senses or in a better state of mind to delve into the technology due to something else out there taking there attention.

I no agree with you and the first example wey you use dey very biased, you fit use something more related abeg next time. Make we talk about Bitcoin, you missed buying before the last bull market no mean say hope dun lost finish, you fit still buy in the bull market we dey road so. Opportunity no dey come only one time, e dey come plenty time but na for us to recognized am because e no fit come exactly as e come the last time. Bitcoin dey increase and decrease steadily, say the price dun reach $40k and above no be say e no go fit go back to $30k tomorrow but when e happen you go gree buy abi you go follow people wey go dey doubt say Bitcoin go fit go back $40k and above again. Sha all this one no dey certain so instead of to dey wait for the price to fall back to those lows e better make we buy dem as money dey our hand so.

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Like bitcoin halving is around the corner we know the price will be something else based on speculations but there are still people who don't believe or whom will say let me watch price a bit I will possibly invest in January or after halving then when did they expect to make profits knowing too well that after bull run is dip and if time is not taking anyone who invested at higher price might be experiencing continuous lost.

Bitcoin halving dey come every four years, even if you invest at the top of a bull market and the price of Bitcoin begin dey fall, you no go still get continuous lost if you just hodl and no dey panic dey sell. You never lose until you sell so if you dey in this type of situations na to just dey hodl dey go. After the bear market joy go return back as the market recover and go fit increase pass the price you buy dem. All those people wey buy Bitcoin when e been dey $69k, if dem been hodl, as this market dey increase so e go fit pass that price and those people go fit make back their money and even profits. The Koko na to just hodl and not to chicken out of the market.
383  Local / Nigeria (Naija) / Re: Patience is not enough for hodling Bitcoin on: December 21, 2023, 08:29:58 PM
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin.  It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.

You no get patience then, if you no fit hodl your Bitcoin in all conditions then you no get patience, wetin you go talk na say to make you get more patience e get some things wey you support dey do and no be say patience no dey enough. Patience dey very enough, but enhance it more so you don't lose the patience. Bitcoin na long term investment dey sweet pass, as you dey buy today just know say you no supposed sell untill many years in the future, no be say na rules but na that way go fit give you better profits pass all this buy and sell wey people dey dey. No be say e no dey pay as buying and selling dey also pay but you no fit use am compared to hodling strategy

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While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit.

You talk well but patience still dey very important because e get people wey get money but na that Bitcoin wey dey fall so for price na where there mind go dey. E get people wey no get patience or dem no wan see their investment dey lose value. Immediately that one happen dem go just rush sell as dem no get patience. Since na investment you dey do, e mean say you no dey plan chop from that investment anytime soon so you no suppose dey put mind there but get other things wey you go dey do wey dey bring money so investing without a source of income wey go sustain you be option self.
384  Local / Nigeria (Naija) / Re: Hugeblack + Brainboss local board weekly merit review (no posting on thread). on: December 18, 2023, 06:02:12 AM
Link Category Username
https://bitcointalk.org/index.php?topic=5477520.msg63309954#msg63309954 Regulation Discussion teamsherry
https://bitcointalk.org/index.php?topic=5477520.msg63319031#msg63319031 Regulation Discussion Samlucky O
https://bitcointalk.org/index.php?topic=5477520.msg63328059#msg63328059 Regulation Discussion Pi-network314159
https://bitcointalk.org/index.php?topic=5477113.msg63316995#msg63316995 Adoption Discussion RockBell
https://bitcointalk.org/index.php?topic=5477113.msg63293175#msg63293175 Adoption Discussion Dailyscript
https://bitcointalk.org/index.php?topic=5477113.msg63295075#msg63295075 Adoption Discussion iBaba
https://bitcointalk.org/index.php?topic=5477266.msg63330236#msg63330236 Bitcoin Discussion AYOBA
https://bitcointalk.org/index.php?topic=5477266.msg63336086#msg63336086 Bitcoin Discussion GiftedMAN
https://bitcointalk.org/index.php?topic=5477266.msg63320736#msg63320736 Bitcoin Discussion Mr.suevie
https://bitcointalk.org/index.php?topic=5477266.msg63319026#msg63319026 Bitcoin Discussion Agbe
https://bitcointalk.org/index.php?topic=5477935.msg63326521#msg63326521 Banking Discussion nelson4lov
https://bitcointalk.org/index.php?topic=5477935.msg63326509#msg63326509 Banking Discussion Stepstowealth
https://bitcointalk.org/index.php?topic=5477935.msg63332236#msg63332236 Banking Discussion Spaceman1000$
https://bitcointalk.org/index.php?topic=5477902.msg63324826#msg63324826 General Discussion Zanab247
https://bitcointalk.org/index.php?topic=5477902.msg63326744#msg63326744 General Discussion Mr.right85
https://bitcointalk.org/index.php?topic=5477902.msg63326973#msg63326973 General Discussion Richbased
https://bitcointalk.org/index.php?topic=5477939.msg63331213#msg63331213 Banking Discussion kentrolla
https://bitcointalk.org/index.php?topic=5477939.msg63330980#msg63330980 Banking Discussion Obim34
https://bitcointalk.org/index.php?topic=5478196.msg63340810#msg63340810 General Discussion Gozie51
https://bitcointalk.org/index.php?topic=5478059.msg63331906#msg63331906 Security Discussion Thy7ace
385  Economy / Services / Re: 👉{OPEN} ▄■▀■▄🌟Bitvest.io🌟 - Plinko Signature Campaign, Member+ {Funds Escrow] on: December 18, 2023, 04:34:37 AM
Week 09 payments has been processed.

Bitvest Escrow Address: Current balance:

👉 We still have OPEN SLOTs for tier E for all ranks, drop your application below if you're willing to accept the payrate.
👉 If you have a red tag, neutral tag for spamming don't bother applying.
👉 If you have an inactive account don't bother applying (first 1/2 page of post history still has posts from previous months).
👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment.

👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.

Immediately you're accepted, you can begin work for the week, do have a wonderful weekdays ahead.
386  Economy / Services / Re: 👉 {OPEN} Eloncoin Signature Campaign | Member+ [Funds Escrow] on: December 18, 2023, 04:33:53 AM
Week 07 payments has been processed. Eloncoin is been sent, check your wallet for eligible participants.

Bitcoin Escrow Address:
Eloncoin Escrow Address: EW12bB9Hqe9LoFxA9xoJgugV5tydFAn7mF: https://explorer.eloncoin.org/address/EW12bB9Hqe9LoFxA9xoJgugV5tydFAn7mF

👉 We still have OPEN SLOTs for tier E for all ranks, drop your application below if you're willing to accept the payrate.
👉 If you have a red tag, neutral tag for spamming don't bother applying.
👉 If you have an inactive account don't bother applying (first page of post history still has posts from previous months).
👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment.

👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.

Immediately you're accepted, you can begin work for the week, do have a wonderful weekdays ahead.

Download Eloncoin Links: Mobile App | Desktop
387  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin as digital currency on: December 17, 2023, 11:54:46 AM
Someone very wise say if you're born poor you die poor and I quote

But with bitcoin if you're born poor and get education and you work hard you
Can be any thing you want.

Anyone that told you that lack sense or probably you have misquoted the person because what you said didn't make any sense. We have those that were born poor but they made it out of the poverty to the top of the food chain and today they're millionaires. Getting born poor doesn't seal your fate in life, it's left for you to be determine to make it out of poverty and be rich. Rich people who were born rich also die poor too so nobody is destined to die the way they were born.

With or without Bitcoin you can achieve financial freedom, Bitcoin only makes it more doable since you don't get the restriction that some of the other means of getting financial freedom has. Bitcoin has made the playing field even but still having less resources puts you at an disadvantage because if Mr A and B both have patience's to hodl, who has more resources will get the best results from investing in Bitcoin. Your thread has no relationship with the title, I was expecting to read about the concerns of Bitcoin future of its feature of been a digital currency but the body of your topic has nothing to do with that, try changing the title to something that relate more with the body of your post.
388  Bitcoin / Bitcoin Discussion / Re: I finally sold my computer and bought bitcoin. I don't regret . on: December 17, 2023, 11:32:53 AM
I sold my computer and bought about 0.006 bitcoin.
For the rest of money, I saved them in my bank account.
I hope this decision is right.

If the laptop wasn't useful to you then you made the right decision and all you have to do now is to hodl and not panic sell when the market is experiencing a correction. Many people have sold their property in the past, some regretted but others had a successful end result for using the money they made from the sold property to invest in Bitcoin. It's also a good thing that you still have some money left and you kept them in fiats with the banks.

That'll be the money for your expenses and it'll make you not to sell your Bitcoin when you need cash. Secure your Bitcoin in a hardware wallet and hodl for after the bull run as we expect the price of Bitcoin to reach a new milestone that would be a new ATH. If you don't have a job then go look for one as you can't keep selling your property to raise fund for your investments, get a good paying jobor multiple hob when you can't find one good paying one.

They can be jobs on the net or those offline and use that job to raise capital for your next investment or DCA more into Bitcoin so you can own more quality of Bitcoin. You have a decent number already but when you see the profits from the Bitcoin you own, you'll want to buy more and if you're careful, you might sell everything you have just to fulfil that desire that's why I'm recommending you get a job if you don't have one to serve as a means of you getting money for your investments and other expenses.
389  Other / Beginners & Help / Re: Why does the halving increase the price? on: December 17, 2023, 11:16:37 AM
- There have been 3 halvings, and in all of them the BTC price was insignificant compared to what it is today. Am I the only one who thinks that it is premature to speak of a pattern when something only happened 3 times before, and in completely different price ranges? Buying 1 BTC was realistic for many people before the first 3 halvings. Now that is no longer the case.

Bitcoin has a success rate of 100% when you consider what happens after it complete its halving cycle. Why should we doubts that the same thing would repeat itself when it hasn't failed before. The three times, isn't out of a bigger number of attempts that you can say it doesn't have a 100% success rate. All the halving results were the same effect but just that they had different timeframe but the main point is that the price changed significantly after the halving has been completed.. Bitcoin has had all its previous halving boost its price without leaving any year untouched.

This is a pre programmed mechanism so I don't get it when people are doubting that the price will also increase this time around. The signs are already there, it isn't just because of the halving been completed that makes the price of Bitcoin to increase, there are other factors but the completion of the halving puts other factors into motion.

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- Why would people invest loads of money in BTC after the halving and not before?

Naturally we tend to follow trends as humans, fomo kicks in when the price of asset begin to increase as people try to catch the train before it leaves them behind. When Bitcoin starts increasing different sets of people with different beliefs begin to take action. We have those that didn't believe the price will increase so when it begins to happen the fomo into the market. We also have those that didn't have full convictions and only bought a small portion of Bitcoin so as the see the market moving, they buy more. Basically people won't want to miss out so they'll buy more as they begin to see the price of Bitcoin increasing with all the positive sentiments surrounding Bitcoin. To be at a better position, it's better you buy when the fomo hasn't kicked in and that's by accumulating before the halving is completed.
390  Other / Beginners & Help / Re: Unstable prices of cryptocurrency on: December 17, 2023, 10:40:58 AM
So my question is that can't it be possible for someone to buy bitcoins and hodl it at a specific price such that even if the price dips it won't affect the Bitcoins you have hodl in your wallet?

The Bitcoin in your wallet isn't decreasing if you notice and that's because the dip only affect the fiat value or your Bitcoin and when we don't panic and sell, we won't lose. Bitcoin price is volatile due to many factor but it never affects the quantity of Bitcoin you own. As you invest, the next thing is to hodl and that's why it's very important to only use spare funds for investment or money that you don't need urgently and can afford to lose. Instability of Bitcoin price is a common phenomenon with Bitcoin. There has been no time that the price of Bitcoin has remain stable for a minute.

Bitcoin is a currency that is been used as a store of value and investment vehicle for investors so you don't expect the price to be stagnant. We have people steadily buying and selling Bitcoin (trading) on exchanges both CEX and DEX so you can't buy Bitcoin and hold it at a specific price unless you convert your Bitcoin to stablecoins. When the price of Bitcoin dips, don't panic but use the opportunity to add to your current stash as it increases the quantity of Bitcoin you own for a lesser cost and also gives you more shares of profits to be made when Bitcoin recovers.

391  Other / Off-topic / Re: Simple advice, don't get carried away by people success stories. on: December 17, 2023, 10:22:48 AM
my advice to everyone out there is that we should all be cautious of what we do from the things we hear because sometimes what profits the next man can actually turn out to be a disappointment to you.

Hype and exaggeration are what projects use to push an agenda towards their project been good for investment. Those stories we see on the net aren't always true but that doesn't mean we don't have those seeing the types of profits that look so unrealistic. But you should understand that your path to success isn't the same with the other person. You can do exactly what they're doing and instead of making profits, you keep on losing. We have those that are flipping nfts, altcoins and making big gains but if you try the same thing, you'll always end up with the declining nft or altcoins that becomes worthless. Invest with the mindset that you're not after short term profits and you won't fall victim to hype scams in the market because there are many of them just looking for their next victim.

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All other advice too are welcome from senior here to help guide those enthusiastic newbie that are willing to do anything to earn profits or be as successful as the story they hear.

If it's too good to be true then it usually is, be skeptical about everything you read or hear in the industry because they usually are. This is an unregulated market so alot of scam artists are present looking for victims. The success stories shouldn't trigger you or if it does trigger you then channel those energy into accumulating Bitcoin. The stories of people making millions from few dollars investment are real but not all and understand that for that one person that make that big profits, we have millions of others losing to the market (and the possibility of being among the losing side is greater than the winning side) so don't get over excited and decide to follow in their footsteps as you might end up losing than making profits.
392  Other / Beginners & Help / Re: How can I start investing in Bitcoin? on: December 17, 2023, 10:08:28 AM
Can someone please guide is it a good practice to start investing in Bitcoin in this upcoming January-2024?

Why not start investing right this minute so you can get your hands on some cheap Bitcoin before the fomo gets high by next year and you can't get some cheap Bitcoin anymore. There's no right or wrong time to invest in Bitcoin as your investment should be for future purpose. The only time I see setting a future date for when you'll start investing in Bitcoin is when you don't have funds at the moment but expecting something in the future then it's justifiable to set a future date to buy Bitcoin.

If you have funds available, buy them now and not wait for the future. An Investor buys and waits and not wait to buy (that's what traders do). As an investor you don't wait for the perfect opportunity to buy Bitcoin, when you keep waiting you give room for the spirit of procrastination and when it becomes a habit you would miss the opportunity to get your hands on cheap Bitcoin.

Investing in Bitcoin is very easy to start, what you need is a good wallet for storing of your Bitcoin and a hardware wallets is the most recommended but as a newbie, you can start your journey with wallets like electrum that's very reputed but only use them on an airgapped devices and secure our sensitive wallet information very well to avoid exposure to hackers and causes a lost of your investment.
393  Other / Beginners & Help / Re: How to learn about Bitcoin ? on: December 17, 2023, 09:53:55 AM
Hello, i'm new to the environment of cryptocurrency Bitcoin I've been reading a few posts from time to time to educate myself more and be more knowledgable about it, but sometimes i find it hard to understand how everything works.

What's the best and easiest way to learn about Bitcoin and everything around it ?

In addition to what others have said, I'll advice you hang around the forum very often and you'll get upto date with things about Bitcoin. Engage in conversation with relation to Bitcoin and you'll improve your knowledge of the currency. Do more of reading though instead of trying to say what you know nothing about. Don't always look for the simplicity of things as they can be misinterpreted in the way that best sort their agenda. Find information on their true forms.

Use multiple sources to learn, you can use verbal means or audio/visual means so you can better understand what is been said. While you learn, note that you can't fully understand everything about Bitcoin especially in a day or few day as there are new innovations that you'll get to learn as you continue your journey in Bitcoin. Ask questions on the forum when you come across challenging and you'll better your knowledge on Bitcoin and the industry at large.
394  Bitcoin / Bitcoin Discussion / Re: You must have a source on: December 16, 2023, 11:58:14 PM
You must have a source of income if you must succeed in your holdings.

For the few years I have been into cryptocurrency, I have discovered that you can't hold till the right time if your don't have a source of income. Just imagine that you have a pressing basic needs like feeding or rent, then you don't have money  to finance it, you will be forced to sell your Bitcoin at a loss if you don't have a source of income outside your holdings.

Not just having a source of income is needed before investing in Bitcoin to help you hodl better but also you need to invest within your limits. Don't over invest due to fomo as many people are doing. Don't invest because you feel the market is about to do very well so it won't be long before you make your money back, alot of things might go wrong and the market experience a correction which automatically spoils all your plans and since you invested beyond your limit, you're force to sell at a loss.

This is also why you don't use borrowed money to invest into Bitcoin. Having a good source of income that brings in money on a constant basis will help you keep your hands off your investments and you can still live a comfortable life. Don't depend on the profits you can make from Bitcoin for your day to day expenses and you won't have a problem hodling. Your investment in Bitcoin or any investment that you're adventuring into should be for future purpose so you can also get better profits because the longer you hold an investment, the better your chances are to make more profits for a good investment and not pump and dump crabs.
395  Local / Off-topic (Naija) / Re: Investment be like farm work on: December 16, 2023, 11:41:03 PM
Wetin I dey try talk, make we know say as we dey invest at first e fit no yield result but e no mean say  profit no go come ,,we just need consistency even as we wan enter a new year...I believe say na year wey get positive vibes especially for bitcoin
We all know say farm work no be for the faint hearted likewise to invest too but in all with God our expectations will come through 🙌

Your story is more about observation and na wetin many of us no dey do when we dey invest. We just dey follow how market be without researching to know how to invest. As you plant those first okoro and dem no grow, if you no been dey observe you no go know say you suppose try again and if e still no grown then you go know say problem dey. Either the land no good or you no water the okoro well for that side, na wetin no come make am no grow. You go come can strategize and e fit reach extend you add fertilizer for the ground to make am better by adding am manual wey go help the okoro grow well.

This na so we supposed treat our investment too, make we no think say we go just invest and all our problems is solve, only a few get lucky with their first investment and they become financially free for life. Others have multiple trials until they finally make it so make we no dey give up very quick. Anything wey we dey do whether na investing oh, trading oh or anything wey involved business and money we need dey very patience with am and always observing too so we no go dey waste money for wetin wey no go favour us.
396  Bitcoin / Bitcoin Discussion / Re: Who is wiser? on: December 16, 2023, 11:24:15 PM
At the current market condition and having bull run in mind, these persons have $10,000 to invest.

  • Mr. Bob goes 100% with bitcoin.

Who's smarter is the two users that went straight with Bitcoin without considering any altcoins because they know Bitcoin controls the whole market and guaranteed security but that is something no altcoin investment can give you. Altcoins can make you better profits but at the risk of losing all your capital since no profit is guaranteed when investing in them. They're just tools used for pumping and dumping by whales. Many people don't like investing at once but there isn't anything bad with using this strategy if you're the type that won't mind hodling for as long as you'll need to realize profits.

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Miss Alice goes 50% bitcoin and 50% random altcoins.

Miss Alice would be thinking she's the smartest one but she's the dumbest. She has potentially lost 50% of her capital as there's no guarantee that the altcoins she invested into will be among those that'll do very well in the bull market. When diversifying, it should be between assets that aren't correlated. You have to invest in assets that don't depend on each other to do well. All cryptocurrency move in similar direction with altcoins been the less likely ones to get market attention to rise and give their investors profits.

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Mr. theymos goes with bitcoin but $100 weekly DCA.

He's just as smart as the first users, we shouldn't discredit one strategy when investing in Bitcoin above the other, all strategy are good provided they work best in your favour and you won't be uncomfortable using them. Not everyone is good with holding money so they'll most likely prefer a one time purchase to purchasing through DCA.
397  Bitcoin / Bitcoin Discussion / Re: Looking to sell a computer to raise money to invest in Bitcoin. on: December 16, 2023, 08:46:23 PM
I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If you're getting a monthly allowance then I don't see a quality reason that's worth selling your laptop. You need laptop in the modern world, use that laptop and learn a skills that can fetch you more money instead of selling the laptop. Don't get too over excited and invest more than you can afford to lose in the market, selling your laptop might come with regrets. Manage that allowance and allocate more to investing in Bitcoin when you get other side hustle that gives you enough money to support the allowance. You're fortunate to have allowance so you don't have any tangible reason to sell your laptop unless you have multiple ones.

The laptop can be rented out to your friends and it gives you some income to support yourself. Selling of gadgets should be the last options when you don't
have ways to raise capital for your investments. There are many opportunities that you can use that laptop to benefit from so I don't support you selling it but this is just my own opinion since I'm not directly involved in this decision I might be wrong with my opinion so just take a moment to rethink and do what you feel is best for tou. You won't regret buying Bitcoin (that's a fact) and if after buying the market keep dipping then you have to exhibit patience and keep hodling.
398  Bitcoin / Bitcoin Discussion / Re: Best piece of advice to anyone going into bitcoin on: December 16, 2023, 08:35:41 PM
Buy a little bit of bitcoin every week don't care if it's a $1, $5, $10, $100, figure out what you can afford every week and buy it, get rid of unnecessary expenses or whatever you can think of getting rid of and spend it on bitcoin
5 to 10 years if you buy some every week you will be a multi millionaire

This is basically DCA and that has been the advise we have be singing for sometime on the forum. We have to let go of the mindset that we most have a specific amount of money before we can buy Bitcoin instead with any amount we have, we should buy or saved to buy when we have enough capital to execute a trade. What matters most is your consistency and it'll pay off at the end of the journey. If you're buying Bitcoin for a very long time you'll get to a point that you're be buying at a lost but that won't matter since you'll be only concerned about accumulating because you know how the story will end with you rejoicing.

You can't go wrong with investing in Bitcoin. When doing this, make sure you're not investing above your limit and you are strong to withstand anything the market has to throw at you to make you give up on your goals of accumulating. Set a goal for yourself and accumulating because easy, don't just accumulate but have a plan that you need to reach in a specified time and when you do this you get a sense of fulfilment from completion of that goal and also owning Bitcoin. It doesn't matter how little you're buying but just keep buying until you have gotten enough for yourself. When investing in Bitcoin, play the long game always and not get distracted by the gains you can make by shorting or longing the market.
399  Economy / Economics / Re: Learn to use DEBT in a proper way to create asset on: December 15, 2023, 11:44:53 PM
Even so, using debt is not bad at any time. It is true that many people have become miserable because of debt, but if you are strategic and use it to build an asset, it can help you get rich or get out of life. And this is possible. In fact, all the successful entrepreneurs we know use debt to grow their businesses so they can maintain their lifestyle, and this is called leverage. Instead of using your own money to build assets, you will use other people's money as capital. Instead of waiting for a short period of time, you can start now with just your simple idea and the money of other people.

Immediately I saw the title of your thread, I knew you'll mention Robert Kiyosaki, I'm a big fan of his content especially when it comes to debt, assets and liability. The reason many people are advices to avoid debts is because many people don't have the attributes that entrepreneurs have to use other people money effectively or would I say using debts very well. If the average person gets into debts they can't come out of it because they use debts to buy liability either knowingly or unknowingly. People use debts to buy houss,(which are liability but people think they're assets but this is a topic for another day. Note I'm referring to personal homes and not rental houses).

Since people don't have the ability to use debts for good, it's better they get avoided. If all the active users of the forum were put into debts, many won't be able to get out of it so instead of leaning how to use it, avoid it. You can make it without debts as that's not a path for everybody to follow. Those who know how to do it are allowed to do and if you want to learn then you need external guidance and not just by reading on the forum because it's a very risky thing to do. It's this same debts that has taken alot of entrepreneur of business.

An example is SBF of FTX that tried to use customers funds (others money, AKA Good debts) but couldn't use it effectively or used it wrongly and got caught slacking that his company and reputation is paying for that. Knowing how to use debts to your advantage is a good attributes to an entrepreneur and puts you ahead of others so it's something worth learning but also not for everyone.
400  Economy / Economics / Re: Food for thought on: December 15, 2023, 11:23:30 PM
For those working for government or an entity, try  to  start a small business and grow it gradually while still doing your 9am- 5pm job.

Everyone should have this mindset as it'll help out alot. Starting a business can be done very quickly from the comfort of your home and with the help of the internet. There are many businesses you can now do without it taking your time. You can automate the business too and they generate revenue that you can use to support your main hustle. Having a side hustle isn't just about having something to fall back on in difficulty times like your boss sacking you but also for financial support. A business or side hustle gives you more confident in life and can make you leave a bad job that the salary is the only reason you're still doing that job. We shouldn't be doing a job we hate but many people can't quit because they don't have other options.

Quote
In this current economy, it's suicidal to have only one source of income.
If you must live well you must be ready to grab the bull by his horn am make life changing decisions by having more than one source of income.
Don't put your financial destiny in the hands of your bosses, you might not know the importance of having your own business till you have been sacked.

Don't put your financial destiny in the hands of one job/hustle too because it mustn't be your boss firing you before you lose that job. Something horrible might happen and the job is gone, what then will you do. We're in the digital age, get yourself a digital skills that you can use in any part of the world you find yourself. Don't only depend on the physical business, have online ones too. Having just one source of income is a disaster waiting to unleash and can't make you wealthy. Investing shouldn't be the side hustle, side hustle are for bringing in money and not multiply money. Multiplying are for investment so don't consider investing a second hustle that you have as that's mandatory for anyone seeking wealth.
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