new projects have a very high risk,If you are beginner find a solid strategy. Educate yourself first with that project. Dont go greedy over an extra dollar profit. Its advisable to speak to a mentor or an expert on this. A lot of fakes out there though, so be careful.
New projects are offering big deals, that's why many people are attracted to new projects despite the high risk. Only a consultant or expert in crypto currency investment cannot give you an accurate analysis of new projects. Cryptocurrency is a risky space as there are more or less risks in different coins. Investing is always a personal decision, but before that do a proper analysis of the coin you are going to invest in, then you invest be it new coin or old coin. Currently new projects are failing more so if you have extra money you can do it even if you don't have any problem losing it. I think it is off recent that new projects are doing massively well because in the past i have joined new projects which at the end failed after several energy, time and money has been invested in it. For instance, when Notcoin came out many people were in doubt because they feel it is one of those new projects that after several mining won't be successful. However, it got listed ion exchanges today and many people have sold and got profit from it. What am saying is that new project can be successful or may fail at the end the only thing we need to do is to try that we participate because we do not k now which may turn out successful. |
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everyone is a big target for hackers what i mean by this is that if they found out that you have a weak and security issues then they will try to penetrate and break those walls, hackers will try to scans all open ports even a person who only do browsing to the internet because this is what hackers do, so what is important is always secure your network, your computers and never click anything from someone who you don't know, don't be curious of things over the internet without any knowledge of it, so the best way is to harden your securities.
One thing i know for sure is that as long as it involves the internet there are various ways one could possibly get scammed, and which is the main reason we need to be more careful. These hackers use our weakness or flaws to attack. I am not surprised they knew a lot of persons uses cheat to play games online and do other stuff. I am not exempted i play the COD. with most of my friends i don use the cheat access sometimes to stay invisible in the game. I guess i would talk to my friends to avoid using any cheat in games because this may still happen again within other video games. |
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I can see you are making some speculation here but I want to put something straight to you because when there is a DIP most people think that the price is undergoing some corrections yes it is through but you should know that the upward and downward movement of Bitcoin is influenced by it's demands and supply. You can't expect the price of Bitcoin to keep soaring high when there is little or no demand hence the supply will also reduce and the price experience a fall and when the demand increases as well, supply increases and the price skyrockets.
When you check the price of Bitcoin after the halving till now you will notice that there is no much increase in the price because the demand is less maybe most investors are waiting for the bull run to begin before they start making investments and for me it will take almost towards the end of this year before Bitcoin will surpass it's previous ATH however for now everyone should HODL.
A very reasonable analysis if we compare it with current market conditions. Indeed, the market is pumped and prices are rising, but it is still very fluctuating, and even if there is a pump, it is not too high and the duration is also short. Especially if you buy meme coins, of course, it is very risky because its durability is not as good as BTC. Only proficient speculators can join the game if the new and invested in memes is severe enough to estimate the value of its assets can even drop by 50-70% of its initial capital. The best pattern now is probably short, short, and if it seems to improve, I myself will return to the basic rule of investing, which is long term. I disagree with you that the best pattern is short term. Perhaps the short term is now tempting to you because of the volatility of the market and i wont blame because you are new to investment by what i have read. All you have been saying points out that you focus on the profits which is quick gains through short term investment, forgetting that you're opening your investment to more risk! Whatever you are doing always keep majority of your assets on the long-term investment especially Bitcoin, if you chose to diversify or maybe you are diversifying you may probably choose to practice short term investment over there but not with Bitcoin. Correct your path buddy. |
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I doubt people are silence. Perhaps in your location people do are silent because they are scared of the market.
To be honest here i do not see dip in the market. I was expecting something below 50k maybe 45k in the price of Bitcoin so am kind of surprised what may have brought about the silent. Because many people did not consider the small price movement to be a dip, even if any price below the ATH can be seen to be a bear market.
It seems we are too optimistic about the price movement of Bitcoin. The solution to that is patience and nothing else.
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You are getting it all wrong because reducing your accumulation amounts if you are having some financial challenges can never lead you into giving up an investment because if the the source of income is low and the needs are a little bit high cutting down a bit of your accumulation will actually allow you to balance, however on the contrary your narrative on or rather your mindset could lead you into trouble on your investment if you are not able to Identify when the need to adjust your accumulation amounts arises, however if I may ask for instance your normal weekly accumulation is $20 while your monthly salary is $100 but on the process your salary drops to $60 on a monthly basis and your needs has increase would you reduce your accumulation amounts to either $5 or $10 weekly? Or would you continue with your normal $20 weekly?, because for me at this points $20 weekly is actually being aggressive and could get you into trouble.
t's okay to adjust your investment strategy as your circumstances change. The goal is to prioritize your well-being while still building a secure financial future. Meanwhile it may sound easy for old investors while new investors find it very challenging, and they do not the right approach during such situation. If an investor new or old is using dca as his investment strategy then it is quite simple here, since dca involves investing a particular percentage, what we should do is to calculate the right percentage based on the new income rate so that there will be still balance in the investment and other necessary things. Also, at this point if the investor was buying aggressively or was diversifying into other assets he needs to stop for some time, the criteria should be finding a way to come back up with enough money which means it is good he channel the money into other business or something that would give him more money so that he would go back to the way things were or more. |
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Bitcoin investment is a long time investment and when going into it you should always have it at the back of your mind.
I'm not saying buying Bitcoin when is low is bad I'm only saying when ever you have the money to invest don't wait for it to come down because in the cause of waiting it may be going higher or in the cause of waiting you may use the money to settle emergency issue.
So there's no perfect time to invest in Bitcoin if you are planning on hodling for long term or if you start accumulation journey.
The first and foremost goal of those of us who invest in Bitcoin is to hold our investment for a long period of time. We all have a tendency to buy bitcoins when we see that the price of bitcoins is high then we wait for bitcoins to be low. Maybe many people think this is the best time to buy Bitcoin. But you mentioned that you don't wait for the price of Bitcoin to fall because it can rise again. If you don't care about Bitcoin price going up and down then you should go for DCA. If you start investing using the dollar cost averaging method, you don't have to worry about the price of bitcoins going down or up. You can buy bitcoins anytime and save them for investment. So set a fixed average price and hold accordingly by buying bitcoins. People who focus too much on the rise and fall of Bitcoin prices, perhaps these people are not long-term investors, but medium or short-term investors. So for them, the rise and fall in prices that occur in Bitcoin really determines their profits. In contrast to long-term bitcoin investors, they will definitely not focus too much on observing the market every day or every week. Because long-term investors have goals over a long period of time. So the current increase or decrease in the price of bitcoin does not have much impact on them. So long-term investors in bitcoin, look at the market when they want to buy, or when they just want to know the price development. And DCA is probably a strategy used by many long-term investors in bitcoin. Because with DCA the accumulation of money in bitcoin becomes regular without having to look at the price of the bitcoin. Apart from that, the DCA strategy is also very useful for bitcoin investors whose income is not too large. So in essence, bitcoin investment uses the DCA strategy, giving hope for anyone to be able to invest according to their abilities. Your right and you have spoken well. It is true that anyone investing in Bitcoin without a goal is calling for more risk to his investment. In as much as Investment is involves risk including Bitcoin investment. It doesn't mean that risk can't be avoided or limited. With long term and investor can possibly reduce risk since he is not investing with or against the market price (always timing the market before buying). But with short term then such investor should be ready to fall into higher risk. Many preach about long term but i am certain that only few practices it. It is in human nature to be unsatisfied which calls for greed, once some investors have seen good profit or small profit, they do not care about the long term they have been planning on since they will be triggered to sell and take their profit. What people do not know is that every long-term investment has a maturity date, so investing in long term is just like plating a seed for and watering it for years until the maturity date is reached and when you plug it down you will reap more benefit than when you harvested such seeds before the maturity date. These are just simple life pratices and when an investor can't have patience then he is bound to fail. |
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In terms of investment is very wrong for someone to venture into Bitcoin based on the fact that he saw people profiting from it because what works for someone may not actually work for another and besides is only through trading we could possibly see someone easily profiting or losing, so perhaps in terms of investment one of the things that most be considered as a beginners is to truly know if you have a passion for Bitcoin or your intentions is to get rich overnight because in terms of Bitcoin investment is not good to force someone onto it because the only way to see a good profit in your investment on Bitcoin is for a long term holding so perhaps that's why investment should be out of willingness and passion instead of forcing someone.
I agree with you here. Investment should be done based on personal conviction and not an emotional reaction based on people's success or testimonies that may or may not be true. Neglecting personal conviction has made so many people fail in their investment so if you know anyone who has in any way rushed to start investing in Bitcoin because he was convinced by someone then you should give him this advice as it is will be helpful to such person. Ask him if he has done his own research and most importantly if he understands the risk that comes in investment or has, he studied security in Bitcoin investment. No one should go into Bitcoin investment without knowing how to secure his investment since it is a self-investment. |
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Why would lump sum become "the best?" Surely if someone has a lump sum in front of them, they can still choose within the three categories of DCA, lump sum and buying on dips in order to figure out how to treat that lump sum amount that they have in front of them... and if someone might have $100 per week that they are usually investing based on their discretionary income, but then all of a sudden they get a $1k bonus, so then they can completely treat that $1k as part of their DCA.. they just buy right away, and maybe that is considered lump sum or it is considered to be just extra money that automatically goes into BTC, whether it is part of the regular income or it happens to be some extra income that happens to come in... ON the other hand, the extra amount could trigger some consideration regarding whether to invest all of it right away, to hold some for buying on dips and or to spread it out in order to include it within the upcoming DCA amounts, perhaps doubling the DCA amounts for the next 10 weeks or maybe even adding 20% to the DCA amounts for the next 50 weeks, and maybe how to treat the extra amount might have to do with how much BTC the person already has, but they might want to try to predict the direction of the BTC price, and so if they are thinking that the price might be coming down or staying flat, they might feel some advantage in spreading out their DCA or strategizing to buy on dips, however, if they are feeling particularly bullish, they might error on the side of buying most if not all of it right away... . And, the guy might end up being correct or not in terms of whatever strategy or strategies he chose to employ for the extra amount of dollars that he had ended up receiving.
I totally agree with you here. Lump sum cannot be the best in terms of investing in Bitcoin. I see it as a secondary approach to become investment because at any time there are some money that seems to be extra on top of what we expect to be our weekly income. Such money and bonuses should be used to lump sum, unless one could possibly choose to save for a long time and then lump sum which sounds so stupid to me. I don't see any good saving in fiat and then waiting for the right time when the money is enough to lump sum and buy huge while all those period Bitcoin has been doing some great movement which if they had bought by then they would have a good portfolio and be on profit. I can't imagine saving 60k for decades just to buy Bitcoin when i would have bought since. Levels of aggressiveness should not be measured in absolute terms, but instead within the amount of discretionary income that you have, and so yeah a person with higher income could buy more BTC but that does not necessarily make him more aggressive than someone with lower income and who might be using all of his discretionary income to buy BTC. Maybe we can take some extreme examples.
One guy has $100 per month of discretionary income and he uses all of it to buy BTC.. This guy is quite aggressive and maybe even bordering on over aggressiveness (especially if he miscalculates his expenses or if he does not have reserves in place).
Another guy has $2k per month of discretionary income and he invests around $100 per week into bitcoin, which might be considered moderate and maybe even whimpy.
Of course it is true that someone can increase purchases aggressively when their finances increase from the income they earn. I think everyone has an uncertain income in their job like a monthly bonus from where they work. so their routine of executing $10 per week can certainly change to be more aggressive such as increasing it to $50. I even often do this where when my finances improve from average or get a bonus, of course I can increase to be more aggressive in the next purchase. So, if income is relatively stable, of course we will return to the initial planning by executing at the usual level that we have done. Without realizing it, over a long period of time, our BTC holdings increased faster than the initial plan because at each stage we could act aggressively or continue to try to increase the amount of purchases to become larger. This comprises the investment journey of an average investor. I feel that only the rich are comfortably being aggressive in their investment and not everyone has an uncertain income in their job. There are investors that has a fixed income for a long time and by so doing they only stick to buying through DCA. |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
I believe that's the dynamics of the market and one thing you most know is that there is ups and downs when it comes to investment and there is every possibility that after buying a certain coin it will likely appreciate as time goes by while in most cases it will depreciate after you have bought but so long as you invested on a good coin no matter how the price drops it will surely bounce back to it normal price. Do you agree with me that Bitcoin is the only coin you can truly trust in the long run when it comes to investing? No matter the dip that they may come due to different factors that normally affect the price of Bitcoin there is this assurance that the price will surely be good in the future if an investor is patient enough to wait. Most people that do care about the upward and downward movement of Bitcoin are those who have not accumulated enough because they focus more on what will be the price in the next few days, weeks or month instead of focusing on how to buy and accumulate a lot of Bitcoin. Every time is good for buying but not every time is good for selling this is my theory, when you buy at any price you are obviously accumulating but when you sell at any price you might either be taking some profit or diminishing your investment. |
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Arsenal was lucky today, Manchester United was the better side in the match but disappointingly they lost. If United had a managed to score the first goal, the result would have been different. It’s not easy to fight to the end, I have to give Arsenal that but Manchester City are going to win the league.
Did you think that if Manchester United scores the first in this match, they will have a chance to beat Arsenal? Even though Manchester United took the lead in the first half, Arsenal would equalize and win the game in the second half. Manchester United cannot defend their home, there's no consistency in their games, that's why I don't get comfortable if they are winning because the final whistle is the judgment. After the final whistle then I could believe that Manchester United had won their game because it is possible to concede a goal even seconds before the match end. Arsenal deserved to win the game, they earned all the points at Old Trafford. I was a little disappointed with the outcome of the game, I don't want Arsenal to have a narrow win in any of their games, so they can have a lot of goal difference with Manchester City because if Manchester City loses or draws any of their game, Arsenal will have the advantage of goal difference to win the league. You have spoken well. Truly i am not happy with the score line. I was expecting a 0-3 scoreline from Arsenal. This is because the goal difference between Arsenal and Manchester is just three and i am expecting it to be more than 5 so that if there is a chance that Manchester City loses or draw in any of the game that is remaining Arsenal would use the goal point to win the league. I will give kudos to Ten Hag because he tried every possible means to win Arsenal at home but unfortunately it didn't work out as planned. The prophecy is that Arsenal would win the league and that is what will happen. |
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E go dey good make we know this people and their tricks and avoid them.
I don't think we should try to know this person or should ever pray to get encounter with them. This is because most of those people get involved into spiritual activities and whenever they tell their victims something they surely do even if you had knowledge about how the thing works. Infact most of them without the spirituality being involved they are very convincing when you get into such conversation to see if it's a scam or not. They will come with a different pattern that would look so real and you won't even notice. So, when we see such things, we should totally avoid them and don't try to start a conversation with them. Instantly delete or block such persons. |
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I totally disagree with the government on this one. The adaptation of cryptocurrency in Nigeria has only led to low corruption. Thinks like cultism, kidnapping and other forms of corruption in the country has reduced because of the youth has choose to be either a cryptocurrency trader, investor or earners in the system.
Maybe the government are afraid that the youth at an early age can be able to afford good cars, houses, shop luxurious things and big business which they are not happy about. That is why they are looking for all means to shutdown how we make a living.
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the thing that really affects us the most when we reach the point of becoming a gambling addict is our family, that's true because whatever problems you're experiencing in your current situation are also their problems, it even becomes a reason for the trauma of one of the family members because an addict sometimes is not really aware of the things that are done or said, they can hurt others through verbal words, why do I know? because I also have a relative who ended up being a gambling addict, I see their situation and really the most affected are those children because I notice that they are gradually becoming more distant from their parents, causing their family to be destroyed forever.
The main loss is that their financial situation will become a mess, and once their financial situation becomes a mess, it can have an impact on their family or even their friends. Also, it's not just financial, this can actually be detrimental to other things, such as relationships with each other as well as your own health. When someone becomes addicted to gambling, there is a possibility that they will experience a change in attitude and tend to become more stubborn. and of course this has the opportunity for violent arguments between people addicted to gambling and their families or friends or even other people. When they become addicted to gambling, it is likely that they will only focus on their desire to gamble, and they may ignore everything around them, including their family, their time will probably only be spent gambling, even though they have run out of money to gamble. However, people who are addicted will look for ways to gamble again, whether by borrowing money or something else. Then the OP is right. We experience more loss than the wins but most times when we win it covers up for all the Mutiple times we have lost, and we don't get to reminisce about the loss. The truth is it is in our nature as humas to feel regretful when we do something and failed especially when we gamble. There is no gambling that will tell me that he hasn't feel so depressed after he had loss, no matter how he tries to control his emotions there is always this wish that we should have one and it just one game that made the bet loss. We start regretting why we include that game in the bet. Now if a gambling addict experience this depression everyday his entire life is ruin because there will be no fun and happiness until any day he wins and go for merriment. Which mean it's doing him more harm than good and it's affecting his family or people around him too. |
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Have your friend heard of cumulative profit? If no, it is the profit one gets after summing his entire profit up and most times it is a huge amount that is being gotten. Your friend in this case is winning and not losing at all which is good there are gamblers who are looking for such luck int their gambling career.
Tell your friend it is better to have a consistence winning streak than winning sometimes and losing sometime. If he sums up all the profit, he had made he would see that he has made a good amount of money without losing anyone at all.
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Literally WHOT games are card games that is played for fun. It is rare to see people who gamble with such games unless those persons are addicted gamblers. That is the main reason why they are hiding from the public, you know when everyone sees what they do for fun with their friends, colleagues, and family members then other individuals are doing such things in form of gambling it might look weird.
Although there is no shame in hiding as a gambler. My dad would always tell me, anything you do that you keep hiding from people to see it just know what you actually doing is wrong. Because people only hide their wrongdoing and show the world only the brighter side of their lives.
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I kind of agree with you that most gamblers became fond of gambling because their close friends or colleague has been winning in gambling. Which is not bad at all, i know understand that feeling that we get when we hear people talk about their winnings in gambling, we feel like we are left out and why isn't us having those luck.
What am going to tell you OP is that there is no valid point of gambling because on a norms gambling is an irresponsible behavior. But people who are responsible gamble cause of some certain reasons. Which could be poverty, health emergencies, pay tuition and utility bills and so on. There are more reasons if you are able to get in touch with gamblers physically ask them and they will tell you the reasons.
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MIKEL ARTETA HAVE BEEN NOMINATED FOR THE PREMIER LEAGUE MANAGER OF THE SEASON https://www.arsenal.com/news/vote-arteta-win-manager-season-award?utm_source=facebook&utm_medium=link&utm_campaign=socialWith the impact Mikel Arteta have made for Arsenal this season, he can emerge the EPL manager of the season because he has been resilient despite of some inconsistency that led to the current suspense they have now, Arsenal have been topping the table and thereafter fall out of the table on several occasions now but yet Arsenal didn't go beyond the third position this season and they have been able to win 26 matches out of the 36 matches they have played in the EPL this season and should Manchester city lose points and Arsenal wins their remaining 2 matches they will be crowned champions of England premier league so all this achievement is/may be gotten under the management of Mikel Arteta so he can likely win the premier league manager of the season. What are your thoughts on Mikel Arteta's nomination? I'm not the type that supports the downfall on my opponents, if it happens it happens but I will be glad to finally see that Manchester City losing one of the games ahead, would it be Fulham, West Ham or Tottenham Hotspur? I can remember during the first half of the Premier League Competition, these are the two clubs that won Arsenal during the first half of the season and Gabriel Jesus had chances of bringing them back into the game but he failed to do that. If you ask me anyways, I will tell them I want to see these londoners help themselves so Arsenal could lift a trophy they haven't in the past 19-20 years. But Manchester City is a very competitive side, what the fans or opponents says doesn't even affects them in anyway. Most likely to halt them big moves would be Tottenham Hotspur. I'm no Arsenal fan on God. But, I have to tell you that Mikel Arteta's side has the best defense in the Premier League Competition, they have scored the highest goals in the Premier League Competition, they have also the highest clean sheets and right now, David Raya had silenced the english media and all those who wants to see him lose his place to Aaron Ramsdale who is filled with lot's of errors. He has influenced his team and you can see how many times the Fa has fought him for trying to fight for what's right for him and his lads and I'm so glad to see him stand in his ground. Seeing him also play without a striker shoes how much of a solid coach he has been while learning from Pep Guardiola and also during his playing days I don't want to bring God into this now but Arsenal deserves winning the Premier League Competition, and Mikel Arteta also deserves winning the Premier League manager of the season, I can't even stress it much. You have spoken well. If it was possible for the media to give the premier league title easily then they would possibly choose Arsenal to lift it. These boys have played wonderful football. A good day is watching a comprehensive highlight of few matches they played and how they move from a defensive play to immediately attacking their opponent and scored. When you watch Arsenal play sometime, even a hater of the club confesses that the boys can play good football. Kudos the manager, a very passionate coach and he has played for Arsenal over the years, no doubt he deserves a trophy from lifting the burden and suffering of Arsenal into a team that win so many records this season, a team that many are looking out. It's not an easy to be tagged a team having the best defense in the world. |
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Someone in a tight situation who can barely earn or foot his bills can not in any way squeeze out something to save. Inflation rises faster as the year runs out. For someone in that situation, it is best he use his money to learn a bigger skill or start a small business. In this case he would be aware that he did not eat because of a good reason. The new skill might start paying him better in a few months or the little business might start yielding profits gradually.
The only difficult part of taking such action is that people are too shy these days to start a mini business. They expect to have millions before starting any business.
Actually, it's not a shame for some people who don't want to start a small business, but more because their prestige is too big so they don't start it. But when someone is still reluctant to do such a thing, while they really like Bitcoin and hope it can go to $100K, how are they going to buy Bitcoin before the price of Bitcoin goes to $100K? This should be a question for those who don't want to work to earn more money by improving their respective skills. Because improving our own skills is quite important so that we can reinvest the income we generate in Bitcoin and hope for more profits from there. You can't buy what you can't afford that is something we all know. If you aspire to get Bitcoin before the price reaches 100k yeah it is good, but if your income is not enough for you talk more of investing through it then there is nothing to be done there. The solution is to look for a better source of income or use the one you have and make good use of it to become successful. Although trying to do other business before investing would take some time, since the business needs time to grow and start yielding good result. There is always a good time to buy Bitcoin whether the price is at 100k or above. Trust me if you are in the level of earning $1000 monthly you can DCA and get a lot of Bitcoin. If you're below this standard all you need to do is to get to this level. Because there are some things you can't afford unless you have reached the level to afford them. |
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Forcing yourself to consider other people's ideas in your investment journey can basically destroy the investment plans you have built for a long time. If you have a good planning framework supported by useful strategies, then go ahead and improve. I think this method is more challenging than hoping that other people's ideas will provide commensurate benefits for you, but as a decision maker you have the right to use whatever method you believe will produce return.
Previously, I said that the investments we make are purely from our self-awareness without any coercion from any party. I have known about bitcoin for a long time but only one year ago I really invested properly because I had the confidence to hold bitcoin longer or for the next 5 years. I have overcome various obstacles and mental burdens in investing one year ago and now it has been almost 1.5 years for the bitcoin accumulation that I have done. So, if we can budget $30 for the investment we make, then just focus on buying regularly every week. But if your income increases in the coming years then there is an option to increase the budget flow to a larger one. It's easy said than done. The problem we face is that at the beginning stage we do not put proper consideration on our investment before starting it. One thing i came to understand is that if we do things out of emotions, we end up making mistakes. We should have proper planning to meet our goal, emotions won't help us. Bitcoin investment and investment in general is done by proper planning and consistency in accumulation which we know cannot be successful if there is only one source of income unless the monthly pay is kind of enough to carter for monthly expenses, have reserve fund and be enough for investment. The question is if we receive our income monthly how do we go about our DCA, since it is weekly? I would prefer weekly DCA instead of monthly DCA i don't know what you think buddy? |
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