Example let's say I want to start investing right now in bitcoin and I have a monthly income of 1000$(it's assumption figures) and I decide that I want to invest about 300$ from that amount into a weekly DCA investment which should be about 75$ weekly invested in bitcoin and then I also had some cash from my savings that I also wanted to use to invest in bitcoin maybe to give myself some kind of head start and the money was about 3000$ and I decide to use 1500$ to invest right away, that is what a lump sum buying would mean.
Yes.. that is an accurate description. The extra $1,500 that is used to buy BTC right away would be considered lump sum investing and/or perhaps even front loading your investment at the current price that may or may not be going up, but the front loading/lump sum investment is a kind of preparation for up and a kind of insurance for up, just in case the BTC price does not come down, you are prepared for up by employing the lump sum. And, so yeah, from your $3k, you can choose any amount of that and call it lump summing, especially if it is higher than your regular DCA amount.. and perhaps if it is higher than the whole amount that you are going to put in for the month.. It is not exactly clear how much it would need to be in order to consider it a lump sum, but under that facts that you describe it seems to be a lump sum.. and maybe even if it was as low as $500 it could still be a lump sum, even though in that hypothetical, you are already planning to DCA $300 per month (at $75 per week). A guy who has no bitcoin is not prepared for up. A guy who is a low coiner might feel himself without enough bitcoin, but he might already be investing as much as his finances and psychology permit him to invest, so in that case he is not a low coiner who is fighting the idea of bitcoin, and so there could be low coiners who really are not very passionate about bitcoin that they might be like a no coiner who is against bitcoin, so those guys would not invest, but it is difficult to call a low coiner as being against bitcoin, since the fact that he has some coins means that he is not likely completely against bitcoin, even if he might be skeptical of it and lacking passion in terms of the level of his investment into it.IMO some low coiner might not be thinking that they are so far behind and even last the motivation to invest in bitcoin or just bought some bitcoin for the bull and with such psychology and attitude towards bitcoin you would notice that they don't value bitcoin or lack any personal conviction about it, ever since you started making comments about a convenient level of bitcoin one should have in a long term of investing (fuck you status), I think everyone should start planning a long term investment with bitcoin one that involves a long term accumulation plan. Just curious I was thinking if the rest of the 1500$ can go into as emergency funds cause I saw no plans for having such set up, its also very important to ensure we don't dip our hands into our holdings especially at such a beginning stage, do I felt its also a good plan to keep that in Check too, or if not all going in cause we also need to be prepared for dip then splitting then into reserves and emergency funds to help create dome kind of cushion of extra cash as an early investor. |
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For me, buying every dip doesn't feel like seizing an opportunity; it feels more like a setback. I respect others' views on Bitcoin's price, but as a short-term trader, it's not my preferred strategy. Instead, I look for specific conditions to buy during dips, especially in bounce play setups. These involve buying low and selling quickly after a price rebound, which suits my trading style better. I steer clear of trades against the trend because they're less likely to succeed.
Your clearly off topic on your Comment and no one cares shit about your perspective as a trader, this thread is not about trading but rather about buying and holding bitcoin. You have a wrong perspective about bitcoin and you don't understand or value bitcoin as an asset if not you won't be thinking trading it, bitcoin is one is he best if not the winning asset of these times so it not wise and even a pure gambling act to be trading bitcoin, historically bitcoin has seen to favour long term holders even more than short term holders, why not go trade some shitcoin than play around with your bitcoin. Your strategy revolves so much around timing the market and includes much analysis and one thign I am am certainly sure is that trying to time the market or prediction market movement can never have a good success rate cause bitcoin can not be predicted and it is highly uncertain, so yeah if this is true then your strategy is whack and you are clearly losing money gambling, why not better find safety In using the DCA method to accumulate bitcoin and hold for long. |
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When was exactly Bitcoin is dead? Bitcoin was never dead and won't die!
I wonder if people talk out of fun or Cause they wanna just pass a message, what does he mean by is bitcoin dead, bitcoin wasn't dead and I nearly understand the concept of what your saying. bitcoin is dead are words I've heard for a long time, and I always thought it was FUD. When something negative happens to bitcoin, people say bitcoin is dead. However, when the price of bitcoin recovers, people will regret why they didn't hold onto the bitcoin they had. Things like this always happen over and over again. Because of that, people who hold bitcoin are people who are willing to take risks. There's a lot of FUD out there, maybe even after this. However, the winners are the people who persist and continue to take advantage of the situation.
FUD is unmeasurable, it happen to everyone that haven't build his or her mind in the market. I believe so much in bitcoin because it provides aides and growth to the crypto market. Bitcoin is not dead, already making its way to $100k this year, such project consider dead? there are vast majority of people that have taken it as burden to procrastinate Bitcoin and ruin the projects with their negative feedbacks on the projects. One of the these set of people are the government, they don't want anything to do with bitcoin because they believed it's of no use and this usually out of line. Now i get, he thinks bitcoin won't get to a 100k anymore just because of this little consolidation, yeah it was bound to happen, FOMO FUD whatever makes people sell, bitcoin Was gonna consolidate soon and everyone knew that, bitcoin is still recovering and might not exceed 80k till after the halving, who knows but I'm sure we would hit 100k this year. |
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OLD! Keep it rental. You know what I am in to so you can get in to it too.
Drugs. And I don't need a fan boy to train. Balling feels cheaper than respect.
You better level before you get leveled. Lallalah.
"You have to get intoxicated so time don't eat you". Baudelaire.
Explore like a dork: "$1000SATS
I am not gonna forget how you made me goofy rich and pay you back. Systematic mood."
I know how you code now. Incremental.
Shit fun bro. I'm never gonna duck right when you shoot Cause I know that when you shot, it comes the bull I've been staying on my lane, the safe lane Holding onto you, till my death bed Probably gonna give you to my kids, but I lost my keys Now I'm a holder in the grave, getting richer in my long sleep. |
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I think everyone should have their own time limit for how long they would decide to hold bitcoin for and yeah I you wish you could be busy playing around with your holdings buy selling do early when you haven't reached a long time range, I think it's better to sell after a long period of time than to sell for short term.
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Comrade Someone once asked one Warren Buffet, when is the ideal time to sell off your investments. He replied, never.
A solid investment that is good enough to buy today is good enough to keep forever.
Bitcoin collection can yeild high returns, however, that's not how we should be approaching the whole hodling strategy Yeah hodling Is the goal here, because bitcoin as the potential to keep on growing, ( though there's no guarantees) but still we'll believe so. So having the thought of selling your bitcoin won't be smart at all. But there's some point you can decide to take some profit from your investment , when you have gotten far with your accumulation , so if you have gotten to such point this would be helpful JJG Sustainable Bitcoin WithdrawalStrategyYes, you are right. Hodling is the goal of investors so that they can get maximum profits and can expand their profits. But some people try to sell a small portion of Bitcoin to take advantage and that is fine because it might be a plan they have prepared beforehand. But they still keep most of their Bitcoins and carry out DCA to add more Bitcoins. Each person must have their own plan and if you haven't made it yet, make it immediately before everything changes and you are really too late. Investing in Bitcoin using DCA is a good plan so that we can have peace of mind in investing the money we have but of course, we have to learn more before making a decision. I think we shouldn't misunderstand Jay's substainable withdrawal threshold, it's not for ealry investors just starting out their investment journey and having a sell plan so ealry in your investment journey with an aim of trying to buy back is no different from trading, what if the price you sell and busy expecting a dip to happen never comes or takes too long to happen. The idea here is to keep to accumulating bitcoin for more than 10 years for someone who is well at his youth and maybe up to 4 years for someone starting out late in his investment before we can start thinking about selling and applying Jay's strategy to know how much is good to withdraw that would sustain your bitcoin portfolio. |
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Welcome to bitcoin, firstly you should bother about reading the forum rules so you dont end up failing one rule and get a tag on your account, spamming is not allowed on the forum.
A thread I'll always recommend is the buy the dip and hold thread at the economy speculation board, as a newbie that wants to invest you would learn all about investing an the best strategies that woudl keep you afloat in doing them.
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I agred with you OP, everything falls on leadership and bad leadership can cost a lot an entire nation and people to suffer, if the leaders are fools and are only concerned about themselves then the natioknand poor mases would so suffer and would eventually and poverty would increase.
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It depend how you use the power to governed the people because, if you use it in a positive way to make peace in the society and help the citizens to stay away from crime that will take their lives show that you are using your power positive and it will not corrupt the citizens in that particular society.
But if you are using your power to collect land, properties, and money from people with your power show that you are using your power negatively and it will make the majority in that society to hate your leadership because you are not doing the right thing than to use your power to corrupt people in the society.
Your answwe is not in line with the discussion question which is does power really corrupt, and my personal answer is no, it onky revels a personin you that has been long hidden, its just like giving a gun to someone and the oerosn turns out to be a menace or terrorist and seem to enjoy killing even tho before handing the gun over to him he seem to have no trace of such characters, would you say the gun has corrupted him, no the gun is lifeless and has no ability to control the man, it was his decision to pull the trigger and he enjoyed it everytume he did it. |
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E de important to de look and consider every aspect of investment wey we de into, weda negative or positive, and if di investment de valuable like Bitcoin, den we go focus on the positive side, because e de greater dan di negative side. Anybody wey wan enter Bitcoin investment for di purpose of long term hodling must get a steady source of income because no matter your knowledge of di advantages of Bitcoin hodling, hunger go make you change your mind and sale without hesitation. So di morale talk na for people wey de meet up with dem primary basic needs, so make dem no go sale Bitcoin to take solve secondary needs wey dem fit to forgo.
I don't think you should be using your local language in a general board like this, it would be better you use a language everyone can understand and learn from what you have to say. If you don't want to look at the negative side of investing in bitcoin, but only the positive side, you might end up not without success in your bitcoin goal. It is a norms as an investor not to FOMO or get carried away with little price fluctuations,so that you don't get distracted from your focus on a long term goal.
However, on your investment journey, you must think of the risk attached to bitcoin investment, so that you can have an insight of how to overcome it, and become successful in your bitcoin journey. Anybody that is investing without think of the risk attached to it, will fail in that investment. So we should consider the other side of bitcoin and not only the bright side, to help us know how much to put in, and how to make sure our investments are safe.
Yeah it's good to be optimistic about your investment but that's not even the reason why people sell of so easily , the reason for that is ignorance or they dont have a personal conviction about bitcoin. The bear market is not a hard time for everyone as some views it as a bad time to invest or think bitcoin isn't doing well others are buying, bull dont make you rich, the bear does and thats what mist investors fail to see. |
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What the fuck are this, at least leave a description of what we are clicking, this could be misleading site and we ought to know what we are getting into when clicking those links. Yes gambling behaves the same for everyone. There is no special exemption for anyone in gambling. so it will be equal risk for all It depends on what percentage of their income is spent on gambling. The person who spends most of his income on gambling is at the highest risk and will suffer the most if he loses gambling regardless of whether he is rich or poor. So you must be very careful about money management in case of gambling.
We have to be careful while gambling because if we start gambling with too much focus on what we are playing then something bad can happen to us. Sometimes we have to stay away from gambling. If we ever win extra while gambling we Lose all money in gambling. While gambling one should start gambling with little money and after some time stop gambling. We should never get addicted to gambling but always watch. It is essential to approach gaming in a sensible and cautious manner. It's easy to get caught up in the excitement and thrill of it all, but keep in mind that it's a game of chance, and the house always has the advantage. I believe there are particular methods that may be used to promote responsible gaming. For example, there should be restrictions on how much someone may gamble in a specific time period, or there should be mandatory breaks after a set length of time. A brake must be taken when gambling, otherwise he will lose everything at some point and then no possible prediction can be made by him. and when someone gambles for a long time, the site's algorithm can track his activity and if he falls into a scam site, he loses everything. Gambling is already high risk and the gambler always loses more than his gains so gambling should be used only for fun. In this case, it does not matter whether the gambler is rich or poor Gambling in such a way that you want to gamble every day is such a bad habit and you could get yourself a gambling habit as well a lot of loses stacked up just because you can't control yourself. So yeah self control is a very good thing for anyone to have and taking breaks when we have much loses can help cool ourselves down a bit. |
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The ignore option is already doing well if your problem is users trying to get your attention, you can just put then on ignore and they are literally don't exist to you anymore.
It's almost similar to what a block feature would be doing, unless you want dint want to exit to those users too.
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Bitcoin speculation and prediction has been the hype on the Bitcoin market, perhaps more people are beginning to get involved with Bitcoin. It's a good advancement seeing how it has cleared doubts of many who never believe and took a stance in investing their money.
Meanwhile, it seems all these while we have been using both Speculation and Prediction as giving our opinion on the future of Bitcoin price movement, whereas they convey separate meaning and outcome, a person's speculation is to be different from his Prediction.
Bitcoin speculation refers to a wild gap of opinion towards the Bitcoin market with no intrinsic attribute attached to why it may occur in that way, it may be more on the virtue of guess than it is for Bitcoin prediction which likely involves previous stats and proper analysis to determine the future price of Bitcoin.
For example, since I am fully aware of the gradual increase in the adoption rate of Bitcoin, the theory will be subjected to having more demand in the market, in return the price of Bitcoin gradually increases, then we can be able to speculate the price of Bitcoin within a specific interval at a particular price range. While Bitcoin prediction is on the theory that after every halving comes a new ATH, back in 2012 after the first halving Bitcoin surged from $11 to $1100, second having it as well increased to $20k, followed by the third halving it also increased to $65k now we are heading towards the fourth halving, this will help us denote the fact that we must surely see a new All Time High which we may likely predict the price of Bitcoin to be.
A commodity like bitcoin is bound to have constant speculation and rumors around it, everyone has different opinions on what they feel would happen next in the Market, like right before this consolidation which we seem to be still experiencing from the ATH many were about saying this month would be bullish for bitcoin and were speculating 80k this month, but yeah the month is already almost over and none of those happened, relying on speculation to build confidence in investment is trash, everyone needs to have his own personal conviction about bitcoin and invest likewise. |
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Hello guys, it's been a while since I opted out of the forum due to some personal reasons that affected my schedule. Anyway I'm back and hoping to learn and communicate with my forum family. During my absence from the forum, I met a group of Investors who stated how they have been able to make lots of money via trading of altcoins. They said they'll buy at lower price mostly when the coin hasn't gotten enough volume of trade and market cap, then wait for it to increase in value and then sell. With the way they explained it, it seems they are using quite a huge amount to buy so they'll make enough profit from it, and they have been successfully with that pattern. But what really made me joined their discussion is when I heard them say "Bitcoin na old school na, na for old men". After hearing this I had to engage in an argument with them with the little knowledge I have acquired from this forum and my research, but they keep insisting that trend is the best and quickest way to make it from crypto.
My thought is, the fact that trends of nowadays can easily give a trader more profit than Bitcoin investment doesn't mean Bitcoin investment is for old people. I believe if they were among the first set of person who bought Bitcoin at a cheaper price, they wouldn't have made that statement, but because they came to the market late they feel one can make good profits from Bitcoin investment. Besides Bitcoin is know as a long term project, meaning if you exercise patience you'll be able to taste from the profit that lies in it. And with the current ATH, I believe Bitcoin is not yet done, scarcity will continue to increase as more investors enters into holding and that will cause a price increase.
Those who are yet to buy, don't loose hope because, you will eventually appreciate yourself in the future for keeping your believe in Bitcoin.
There are many ways to make money in her crypto sector and yeah trading is one of them, but timing these coins or identifying the once with good potentials is a problem and there are lots of scam projects been introduced everyday to the alt sector, your guys must have a lot of experience in identifying this coins or maybe are part of some group that gives good updates, you can never tell. |
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Based on what I've read, living in a Commonwealth member state is the primary prerequisite for this free service. This covers a wide range of nations, including Nigeria, India, Australia, and Canada. Apart from that, it appears that students of any age or educational background can enroll in the classes. Therefore, you ought to be able to benefit from this chance regardless of your status—retired, enrolled in school, or employed as a professional. The fact that so many people can access this is extremely awesome. There are a ton of possibilities available if you're merely seeking to pick up a new skill; creative writing, photography, etc., for example, might be very helpful for job growth.
note that this is not just for mere posting sake. if you've ever made attempt to do courses on Coursera and udemy, you will know that it will cost you something possibly huge and a course like data management that's very popular will cost you at least $50 before you get thier certification and you know it equivalent in Naira. I brought this to the board because I know there might be some young persons that are free and could cease this opportunity to help upgrade themselves. Getting the certificate would literally build you CV and the knowledge you will get if you're able to follow up on the course thoroughly will go a long way in busting the level of knowledge you have in the tech space. If you have the tye time to run through the courses, I will advice you do so. Some courses on udemy are worth over 300$, so I think this is an opportunity that anyone should seize to get himself equipped with a new online skill, there are lots of courses on udemy and you can find skills that you can monetise like Amazon kindle publishing, Affiliate marketing and even skills like ui/up design and programing. Yeah and the cool part is that you are learning at the comfort of your home and your device, no set time to learn and every purchase is lifetime meaning you can go back and check from time to time to refresh your memory, some courses give exclusive access to chat with the creator of the course if you have any confusion, if this is true its an opportunity to really grow yourself. |
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That's so contradictory, centralized exchanges can never be a better option to safe than through self custody, this exchanges are prone to getting hacked or bad ceo or anything that happens to them and all your funds and assets are lost, and worse they don't offer any guarantee if anything happens to their company like in the case of Mt gox and many others that has suffered from the crash of centralized exchanges.
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I was just wondering why theymos has been somewhat reluctant to add more merit sources. I couldn't actually get resounding answer, but I believe that theymos doesn't want merit to lose it value. He does so by practically keeping it as scarce as possible The total Merit circulation is much higher than it was in the first year after it's introduction, while the number of posts went down a lot. Merit isn't scarce, good posts are. You might be right about lack of good post but I still bet that they are so many good posts that have died in the forum that weren't merited and not because they wasn't merit to go by but no one saw them, maybe cause the so called merit sources don't spend much time on the forum anymore. Yeah with lots of shitpost it's easy to hide the good ones, but what's more disappointing to users is when they try hard to give a good post, no merit, it actually reduces the moral of good posting since good post aren't appreciated. Now another thign is a mert source idea of good post, you can't expect a new user less than a year in bitcoin and this forum make as much quality post like you that has been in this forum for so long or have so much knowledge maybe following up even since the introduction of this forum, so yeah standard can be reduced a bit not to encourage shot post but gor those that that at least doing good or trying that woudl actually promote good post on the forum. And yeah I believe its not your first time hearing an opinion like this, so it might not do any good  |
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Whether we are talking about shore term or long term, there is no guarantee of profit, yet I frequently like to suggest that we are not really investing unless we are planning to stay in at least a whole cycle...otherwise there is just an attempt to play the swing.. and even someone with a 4 year timeline might be trying to play the swing of the whole cycle.. which I would not really consider that to be investing either..
But any event, anyone who has been investing is advantaged by having had been investing... surely you are correct about that.
So then the next question for everyone else is that if they have not been investing, then they have to figure out if they are able to establish some kind of confidence regarding their disposable income and if they have any of their disposable income that they are able to allocate towards bitcoin.. even if it might ONLY be $10 per week... it is likely better than nothing.. but surely, I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.
Well nice to for suggested, Your advice seems to work, but when a person has a weekly income of $100 or less, I think they should follow the DCA method and deposit at least $10 per week. After 10 years it will be seen that he has been able to make a good profit. What I think is most important here is that if a person wants to invest even $10 per month, then after 10 years he will be different from others and profitable.[\b]
Bitcoin investment is not buying of candy, and you are investing for the future, because the value of bitcoin tends to move in an upward trend more than downward. This is why you must venture into something realistic, and worth sacrificing more for. $10 for one month like you said is $120 in a year and in 10 years, it is $1200. Is this the best you can do. How would you transfer your coins from an exchange to your private wallet, is it after 5yrs or 10yrs because your transaction output matters a lot. So that you don't end up having small output, and later in future if tx fees are high, you end up using almost all your profit, if not all for transaction fee, when you are ready to sell your bitcoin in the long run. I believe that as time goes on, and bitcoin price keeps increasing, your $10 will be worthless. This is because the unit it will buy you would hardly have any increase to your portfolio. Big up mate, if you don't have much on you or cannot afford to invest in bitcoin because of low income, you should try to look for a second means of income to increase your total income or cut down your expenses, so that you will use the excess that you will not be needing for long to invest in bitcoin regularly through DCA. In ten years time, when you look at your portfolio, you will be proud that you increase your income, and used to reasonable amount to DCA regularly. Don't forget that the size of your bitcoin portfolio determines your profit. Ultimately it is good for each of us to get our priorities straight, including that a lot of people fail/refuse to invest, and maybe they do not have opportunities to invest, so they may end up working their whole lives without really being able to stop because they don't have enough money to be able to stop or even to slow down without suffering from their lack of any kind of meaningful nestegg. Bitcoin provides an opportunity for anyone and everyone to invest, even with a relatively small amount, but like you suggest Sim_card, there should be some kind of a meaningful amount in order for the outcome to have some kind of potential for meaningfully impacting the person. You are right because so many people failed to realize the importance of investing on Bitcoin instead they are more focus on working, although I'm not disputing the fact that work is not good but one thing they would need to realize is that there would come a time in there lives when they will no longer have the strength again to continue working and perhaps they will start finding it very difficult to cope including so many other needs that would pressing, so this is actually the right moment for people to set there things right in other for them to have a sustainable live. However is just like the conversation I had with a friend that normally work for one certain company, so he told me that considering the nature of the work and his age that it would be a very wise decision to start diversifying some of his funds to Bitcoin investment for holding so that when the time comes when he Will no longer have the strength or being retired from the work he would have something to rely on, and that's the truth because Bitcoin present a very huge opportunity for people to utilize and become sustainable in the future. Most persons realise this so late that investing is such a fail safe if thigns go wrong, and an asset like bitcoin that is so easy to invest in and if not the best asset right now to invest in, IMO even if they don't start start early to invest in bitcoin and they could still reach a state of having a very good stash in bitcoin if they are consistent enough and have a huge income that would allow for good allocations maybe about 25% minimum since the are so late in cause an allocation like 10% isn't bad but to reach a considerable amount of bitcoin and stash they would need to go a little bit aggressive to meet up with the time they have left and such decisions of how aggressive a person close to retirement should go or is at retirement should go is still want I don't have well figured cause I don't know his numbers and how much he is able to give out to investing without having to later sell all his allocations even before he has reached his appointed time for allocations. |
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Most normal folks prefer sports betting cause I think it's free from casino manipulation and not just random luck, majorly I like to analyse my games and have a little control on why I lose or win, like picking games based on teams form, not that it always work but it's also good. Do you prefer games where you know right away whether you've won (or lost) casino style, or do you prefer other games like sports betting? Do you have any other favorite games?
I prefer sport Betting to any other form of gambling/casino that you'd wanna mention. Some would say they'll rather play the roulette or not wager on casino games at all.. people have different choices and that's what should matter to you...
why should I take the risk to wager on casino games?? It's preprogrammed and doesn't operate on an open space... There's definitely no how them casinos would be losing on that; if you're winning, someone else is losing. Sandra 🧑🦰 Like many casino have that shit programmed and you cant tell if its even luck, and your right only one person wins and sure someone is losing and in thisbcase its you versus the casino, so sure they can't let you win. |
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There is nothing that I am afraid of. My country makes gambling legal and the gambling sites that I am using do not restrict my country. I read gambling sites ToS carefully. I get verified if necessary. If I win a jackpot, I am expecting the gambling site to pay me the money. But what I can be afraid of is if the gambling site is not capable of paying the money. But I use gambling sites that have huge amount of money and that are capable.
Sounds like you barely read to the end of the topic, he isn't serious about it just a mere assumption, yeah gambling is legal in many countries, doesn't mean you ain't got no nightmares you are afraid of, what about losing all your earnings to gambling wouldn't that freak you out or lers say you mistakenly linked your casino to your bank account and pit it on auto fund of a huge amount like 100k and then you went in and used in all on a game and you lost, I bet that is a nightmare 😉 |
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