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761  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 03, 2023, 07:51:16 PM
With the right mindset, to hold against sharp drops in price will not be a problem because the confidence will be there that Bitcoin will always recover.

I agree with everything that you said in your post except the last line (above), and it is problematic to believe that the bitcoin price will "always recover," even if we know historically the BTC price has trended up, and there is no real evidence that the UP trend in bitcoin is going to stop, but it is still not guaranteed to go up. so it is inaccurate to use the term "always" whether you are merely thinking it in your mind or believing that it is actually going to happen that way and that is the reason why you might end up overly leveraging into bitcoin because you wrongly have those beliefs about bitcoin being "guaranteed" to go up.

Don't get me wrong.  Bitcoin is likely one of the best, if not the best investments currently available on a widespread basis and to everyone in the world, even though surely some people might not be in a financial and/or psychological position to be able to buy bitcoin, but bitcoin is still available to everyone and is likely a place that everyone should be putting some value and storing it for the longer term of 4-10 years or more.. but at the same time, the amount that anyone puts into bitcoin should be tempered by ongoing thinking that bitcoin is not guaranteed to go up.. even though it remains amongst the best of investments, if not the best investment and individuals are at the same time able to tailor the amount that they put into bitcoin to their own situations.
That is why bitcoin investment should only be on a long-term basis, because to be able to substantially guarantee profits merging it has to take a wide spread of time in between and choosing a 4 to 6+ years time frame could be the best possible approach to doing that, although we can still take advantage of the occasional market ups and down in between the line, caused by Bitcoin market volatilities, but doing so need a lot of speculative knowledge tools and data that can help you make the best market decision at all time and how much of your funds you chuck out to speculate the price and do a few DCA in between the line.
As I said in doing so one needs a balanced physiological state of mind and also a high level of confidence in their decision and DCA analysis, because failure to follow such rules may lead to financial losses caused by bad decisions because of lack of knowledge of the market,  but if you just invest in Bitcoin for the long term base, this becomes better and easier to manage than it is with being a market speculator as a beginner.
It is impossible to predict the price movement of bitcoin with even the best market tools because it is just like you predicting what will happen tomorrow and get it right, which we have very slim or no chance to know what will happen next week. If it is possible to use the best market tools to understand the price movement of bitcoin then a lot of traders will make profit, but rather only 10% of traders benefits from bitcoin trade and still the 10% of traders run at lost sometimes. No need for all the worries and waste of time reading charts and following bitcoin price to know what happens because just a slight mistake in your decision, and the market goes opposite, you will regret. Long term investment on bitcoin and buying buying at every week or every month interval through DCA is the best approach and the key to success in your bitcoin journey, if you want to benefit from your bitcoin investment journey. What is worth doing is worth doing well.
762  Other / Archival / Re: Account Birthday on: November 03, 2023, 04:20:10 PM
Wow, congratulations mate. I love your courage and of coming back to the forum after you went for 5yrs and 5 months, this shows that during your absence, you were missing the forum and it's bag of knowledge for you to come back again to enjoy the benefits of learning in the forum about bitcoin and its various angles. I guess that maybe you forgot your password and you couldn't login, if not by now you should have been a Legendary member. I hope that you could stay for another ten years like you said. It is better to go on a break and come back to the community than not coming back at all.
763  Bitcoin / Bitcoin Discussion / Re: Do not share your bitcoin holdings with everyone on: November 03, 2023, 12:10:39 PM
Sometimes it is we that cause so many financial problems that comes our way, this is because people that we think are our family and friends ends up to envy our progress, and this is why there is no need to let anyone to know how you make money and how much that you are worth. When this is done envy and evil thoughts starts to arise from their thoughts and before your know it they will go to any length to get money from you by force. It is better to save your life and your family by keeping you investment on a low key and act as if you have nothing than to endanger your life because you love to showoff your achievement. The heart of man is wicked.
764  Economy / Gambling discussion / Re: Stop the self entitlement claims on others gamblers winnings. on: November 03, 2023, 08:43:27 AM
Assuming the gambler lost the said amount that he won, will the entitlement guy give the gambler back a little amount of money? People are just ungrateful and fail to understand what generosity means. I don't blame them, they feel because he didn't work hard to make such huge money, and it was luck that did it in a very short time and that is why they feel that it is their right to benefit from it. I only see the gambler as a good person that recognized the fact that he won his bet from that bet shop and chose to give the guy something to buy drink and the guy thinks that it is his right.
765  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: November 02, 2023, 03:06:58 PM
I think there is need to invest for them, rather teach them how to invest for themselves. Because dey might end up screwing you up. Thinking you have swindle there money without knowing that crypto is not for the week. It's a self deceplinary kind of thing which is more like a gambling. If you win you win if you loose you loose.
Investing for someone should be on purpose or matured minded set of people who really do understand what crypto is all about.
You are correct on that one because irrespective of how we may feel is important for people to start investing on Bitcoin but it doesn't mean that we should allow people to invest under us, although it all depends on individual because there are people who helps those that has know knowledge about investment to invest under them.
You can help someone very close to you to invest in bitcoin if he persist he must invest or after when you have introduced bitcoin to that person he accepts to invest. You don't need to deprive him from investing in bitcoin as long as you have told him that it should be a long term investment. For example, if your dad or mom has a reasonable amount of funds and they are interested to invest in asset like gold, bond and stock, if they accepts then why wouldn't you help them to invest when you know that bitcoin will bring better profit for them in the long run than other assets. After all, parents leave their businesses for their children to manage when they see that he is capable of running it to ease them from much stress. Apart from these set of people, it is not cool to help someone invest in bitcoin, to avoid their worries from the urge of profit.

I think taking investing and  learning for beginners is not the best start. Beginner have lots of mindset toward bitcoin that are not real.  Most beginners don't really know much about the volatility of the market.
JJG has already said it all that one only need the basic knowledge to get started, which is to know to buy bitcoin and prepare the amount that you will use for regular DCA that will not jeopardise with our other expenses. Lastly, is to make sure that you are investing for a long term so that you will be faced with less risk and all beginners who have plans to accumulate for more that four years and above don't need to worry about the market, so that he doesn't get distracted since he is new in the game.
766  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 02, 2023, 01:55:57 PM
the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.
Everyone can collect Bitcoin in whatever amount they want and they also have to understand how to collect it in order to get a profit from the investment they make. Those who have a good understanding of how to gain profits from Bitcoin will certainly try to get it with the various strategies they use.

With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.
Knowledge about the risks of investing in Bitcoin is very important so that we can avoid the possible risks that we will face in investing. If we just understand Bitcoin, it is very suitable for applying the DCA method, we can collect it in a consistent amount and we can also find out more about Bitcoin to be able to profit from the investment we make.

In addition, technical analysis is likely to be the basis of a trading approach as well because a trade always presents the potential for profit at least twice the potential for losing money. The Bitcoin market never closes, so if money never sleeps then Bitcoin is the purest form of money.

Yes.It is not necessary to identify market trends because trend formations are not obvious in the early stages.
You are deviating from investing and talking about trading. Bitcoin investment don't need any technical analysis because what you should do as a beginner, is just to buy your bitcoin, hodli and keep on accumulating more bitcoin through DCA regularly. Trading is the opposite to investment, this is because a trader is not ready to take time to grow his bitcoin investment portfolio for a very long period of time, rather they prefer to find all means to sell their bitcoin that would have given them a good amount of profit of they have hodli. It is easy to invest and your profit will be certain in the long term. The volatile nature of bitcoin makes it profitable for long term investors and makes short term investors to miss out due to greed. I will like you to see bitcoin long term investment as a pratical action of you only putting little part of money in your saving box everytime that you get paid, and continue with this action for 10yrs. You will be surprised with how much that you have gathered over the long period of time. It is this same way that investing in bitcoin for a long term is. You don't care about whatever anyone is saying but you are always buying bitcoin when you have money.

 The best of it that makes bitcoin invest worth investing is that your money that you were keeping inside your saving box will not bring you any profit but just the exact amount that you were putting there, but bitcoin investment will increase and multiply your portfolio based on how much that you have saved altogether and the timeline. Isn't it a great means to get good profits for just keeping your savings in bitcoin. I was surprised this morning when I saw bitcoin price at 35+ and when I checked my bitcoin investment, I saw the profit that it has accumulated because since I started my bitcoin journey, I have seen this price. I just sat on my bed and was laughing and happy to continue accumulating and hodli because it was like magic and I decided to call bitcoin magic money. If you haven't bought yet, it is not too late as there is still big opportunity for you to make good profit if you buy now and hodli with DCA because bitcoin is real and no need to panic about the risk involved in it because the profit is bigger than the risk when you are a hodler. If you are a trader, you should stop trading and benefit from bitcoin by investing and keeping your bitcoin for a very long time. This is because bitcoin price will pump till infinity and bitcoin sold has a very slim chance of getting it back at that price that you bought it initially.
767  Economy / Trading Discussion / Re: Do Not Lose Everything Youve Gained in One day, or One Trade on: November 02, 2023, 08:18:30 AM
Holy shit, your friend forgot that he is trading and thought that he is investing. It is only investment that you will go and sleep, go on vacation and feel relaxed because your bitcoin will be lying in your wallet. Trading is different and you must be very vigilant because the market can turn in opposite direction at anytime. He should have used stop loss and risk management when trading the for whole day, which is not recommended as a trader if you don't want to run at big loss. Trading should be something that you give a break and rest the brain just like what your friend did but he did it the wrong way by not quitting from trading. I don't trade because I am a careless person that can get distracted with some many things around me, and the risk in trading is higher than the profit.
768  Economy / Gambling discussion / Re: Is this how it start? (No or yes?) on: November 02, 2023, 04:06:47 AM
OP, you are very far from addiction because you are not a regular gambler and you gamble responsible, and that is why you are worried that you funded your wallet twice which hasn't happened before like you said. People that are addicts are people that gamble often and even when they don't have money to gamble, they go to the extend of borrowing money to gamble or lying to get money that they will use to chase their loss. I will only say that you were enjoying the game and you wanted the entertainment to last for a while that was why you funded your gambling wallet the second time.
769  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 01, 2023, 05:39:44 PM
don't see accumulating bitcoins as a very difficult task. 
In order to invest in Bitcoin and hold that investment for a long time, a person needs to have basic understanding of Bitcoin, basic understanding as well as some idea about his investment. If a person tries to learn about investing in Bitcoin without finding it difficult then he will realize that investing in Bitcoin is not as difficult as he thought. You will invest in Bitcoin and hold it for a long time, there are no specific rules. An investor can invest in Bitcoin as and when he wants, which is a very positive aspect for an investor. 
Yea, but it might be difficult when you don't plan and prepare yourself on how much you should use to DCA regularly that will not affect your income to take care of your responsibilities and emergency funds. This is why proper preparation is needed because it is a long term investment and you need to keep on increasing it regular so that it can grow because it wouldn't be nice for you to remain stagnant with your bitcoin investment.  The more you DCA the better chance that you will have to get rid of the risk and increase you bitcoin with timeline.

This is why you must figure out the right percentage from your income that will be perfect for regular DCA based on how much cash inflow that you do have weekly or monthly. Every investors regular DCA amount differ from each other because figuring out how much you will use for DCA is a personal decision since it is only you that know how much income you do have monthly, what matters is that you should be consistent with it.

This is why 10% is very cool because no matter whatever financial circumstances that come your way you will be able to tackle it and it shouldn't be that you have little cash reserve that will not be enough to take care of the financial circumstances that will make you to go and sell when it is not at your will. If from the look of things 10% is too big, then you can cut it down to 5%, in order to meet up with your long term goal on your bitcoin journey. No amount is too small, just start small is better than nothing. All you nee d to do is to see it that you are saving down from  your income for your future, and then discipline yourself and be patient. Patience is the key to success.
770  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: November 01, 2023, 03:42:13 PM
You're right splitting your money to invest in altcoins isn't excessively different to making bets. If you're being realistic you don't expect all of your bets to win but you'll hope if one becomes a hit it'll return a profit by covering losses on the losing bets. It isn't a sensible approach if everything's at risk of going bust but it's a possibility it's going to happen if you're betting on bitcoin or spread on altcoins.

Splitting your money to invest in altcoins is like staking on different games; you are not sure which one you would make a win from; it's even possible that all could bust, and the money you invested becomes a waste.

I didn't get you right, are you saying that you will prefer to gamble with altcoins because there are possibilities that you will make profit? I must tell you this that when you spread your funds on altcoins the possibility of you running at loss is 98% because altcoins can't be seen as an investment as they can't be use for a long term investment because they will not survive. Everyday by day, new altcoins are coming out and some are crashing. This has been happening since the creation of the blockchain. But ever since bitcoin came out it has been gaining recognition and increasing in value which has made so many people become bitcoin investors because they are aware that when you invest in a long term, you will see profit in it.

 Investment is not something that you will be scared of everyday when you wake up or not having a rest of mind on where you put your money in. Investment should be seen as something that takes time to grow with patience and rest of mind on growing it bit by bit because you know that in future you will make good profit from it and the investment will still be running. This is how bitcoin is, you can invest and DCA regularly, and after 8yrs, you take your profit and keep the rest of your bitcoin to continue growing again. Altcoins is an an investment but a gambling tools because you are not sure if you will make profit from when you invest in it. This is why altcoins is not worth investing in because it was created by the dev to make profit from people, this means that they are after your money and not after helping you to get money through their project.
771  Local / Nigeria (Naija) / Re: Do not invest in Bitcoin with a borrowed money on: November 01, 2023, 10:41:15 AM
The reason why it is not a ethic to borrow money and invest in bitcoin is because the best way to get profit from bitcoin is when you invest in a long term, with this it becomes a big problem to borrow money for such duration of time. Only the interest will be a pain in the ass. Borrowing money to invest on a short time will make you run at loss because if bitcoin price dips, below your entry point, you will panic and sell believing that the price will not pump back. Only use your own money to invest and if you don't have a job, you should look for a means of getting income and invest in bitcoin for a long time with patient and rest of mind.

772  Economy / Gambling discussion / Re: Will you gamble till old age or not on: November 01, 2023, 09:21:35 AM
Gambling platforms may have more advantages for the older age people. For example, an older person is usually able to control his emotions. They can take the right decision without hesitating between victory or defeat, which is difficult for others.
Furthermore, an older person has more gambling experience which makes them better and able to make better decisions about different gambling strategies.
Financial stability also increases in the case of seniors, allowing them to gamble in a tension-free environment. As they are older they are socially valued. They can spend their leisure time in gambling.
- You're partially correct. I believe that age is not the most critical factor; what truly matters is how long a person has been involved in gambling and the lessons they've learned from it. Older individuals may indeed have a wealth of life experience, but if that experience doesn't pertain to gambling, it may not be particularly valuable in this context. On the other hand, a younger person who has spent a significant amount of time immersed in the world of gambling, learning its intricacies and strategies, could potentially outperform an older individual with less relevant experience.
- In essence, it's not about age; it's about the depth of one's involvement and understanding of the gambling world. So, whether you're young or old, what truly matters is the knowledge and insights you've gained from your time in the game. 😉
Gambling at old age depends on the individual because if you take gambling as a means of entertainment when you are young, you will still see it that way even when you are old because you will be less busy and need to have some fun to make you remember of the days of your youth. I can say what will happen tomorrow, but from my own side I will love to gamble at old age if my children are all working and doing well. It means that I just have to relax and gamble with my old friends while we gist of the past days and so on.
773  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: October 31, 2023, 04:19:41 PM
I think Manchester United's main weakness is their attack. If we look at the Premier League points table, United's attacking weakness is easily understood. The team scored only 11 goals in 10 matches. The 7 teams above Manchester United in the points table have managed to score more than 22 goals in 10 matches each. On the other hand, Manchester United's attacking players are consistently performing poorly. I would blame United's attacking weakness on bad decisions by United coach Ten Hag. Because, he spent a lot of money and added the inexperienced Hojlund to the squad. United needed an experienced striker. Having such an inexperienced player in United's front line is why Manchester United is in such a bad state. Manchester United has a lot of money. Ten hag could have bought an experienced striker.
Their defense is also weak so it can be said that all of Manchester United's lines this season are not working well, and not only because Hojlund still lacks experience but also how this season Rashford before Hojlund's arrival also did not show good things and it could be said that he was a bad striker this season, however, Ten Hag still has full trust in him and there is no other alternative but to continue entrusting Rashford to play unless in the middle of the season they plan to buy new players, especially strikers.
Their weakness this season has made Manchester United perform poorly not only in the domestic league but also in the Champions League. There is a chance that they will not qualify for the group phase if in the next three matches, nothing good can be achieved.
The whole team is weak and that is why they are not performing their duties properly on the pitch. The attack is lacking the scoring force, the defense is lacking the stopping force and the midfield is also lacking. If you look at their performance this season, you will see that they have not put in any impressive performance since the beginning of this season. They only manage to win matches and I have seen them able to win a big team. Instead small teams are winning them. I don't see them going far in UCL with their present squad, only if during the transfer window a new player might come that will change the whole scenario. I don't know why Rashford is not in a good from to deliver Man united from their delima.
774  Local / Nigeria (Naija) / Re: What to do with 1 BTC as a Nigerian on: October 31, 2023, 03:05:10 PM
I will go straight to the point of your question OP. If I have 1btc today, I don't have anything much to do with it than to hodli. I wouldn't sell and invest into another business, since the country economy is a mess presently. Therefore, why will I want to start suffering myself running up and down on how to start a business and the rest. What if my business fails, that is why I will keep my bitcoin and when bitcoin reach my price target, I will diversify into gold and leave the rest in my wallet, because I know that during the bull run, the price might be up to 3x the current price. Naira is not worth keeping because it depreciates with time.
775  Economy / Gambling discussion / Re: Have you ever been a gambling addict? on: October 31, 2023, 08:49:06 AM
I see a lot of people here talking about gambling responsibly. Yes, that is something very true, but have you ever been a gambling addict?

To be honest in the past I have spent a lot of money gambling. What I mean here is that I spent all my savings on gambling. Maybe the nominal amount is not that big but it makes me feel like a gambling addict. I spent 5 months of my savings on gambling. Currently I am aware and am in the stage of improving my own financial condition. Have you ever felt like a gambling addict? and how much did you lose in gambling?
As a gambler there must be a time that one will be an addict, it is when you have lost so much and learnt a hard lesson from your addiction that will make you discipline yourself. What I mean is that there was a time that I was so addicted to gambling because I misunderstood that gambling should be for fun, but I was seeing it as a means to make profit. I lost so big that it affected my financial life. I have to quit gambling for two years before I started gambling again, but this time I only gamble for fun with the little amount that I cam afford to lose.
776  Other / Beginners & Help / Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed on: October 30, 2023, 04:11:27 PM
Round 7

Re: Bitcoin kwoledge is not complete without bitcoin investment
Category: Good reply
Board: Bitcoin Discussion

Re: Bitcoin is a “safe haven asset”
Category: Good reply
Board:  Bitcoin Discussion

   
Re: Is it possible to build a career with bitcoin?

Category: Good topic
Board: Bitcoin Discussion

Re: Is it better to invest or trade Bitcoin?
Category: Opinion
Board: Bitcoin Discussion

Re: Bitcoin $5k rise within an hour plus.
Category: Opinion
Board: Speculation
777  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 30, 2023, 03:29:39 PM
What a difficult situation Chelsea have at the moment, and for the next few matches in the Premier League too of course. Because anyway, after Chelsea lost at home in yesterday match against Brentford with a score of 0-2, in fact Chelsea next matches will play against Tottenham, Manchester City, Newcastle, Brighton and Manchester United. Although for example Chelsea failed to win but indeed, Chelsea will not fall into the relegation zone. But clearly, if in that matches Chelsea failed to win, then Chelsea position in the Premier League standings would be closer to the relegation zone.
Well, it's indeed a very difficult situation for Chelsea honestly, for I also do not see any chance of possibility that Chelsea will beat any of those teams or clubs you mentioned, is it Tottenham, or Manchester city, or Newcastle, or Brighton? Infact, the only team or club that I think Chelsea might have a chance of winning or holding to a draw is Manchester united, but this is if they prepare very well and play their best game.

Anyways, this is something I have expected from right from the beginning of this season, we all know that Chelsea started off this season by first playing against clubs that seem smaller and easy to beat, and this is why they are even up where they are currently. Their coming games will reveal their real position in the epl table.
What makes you feel that Chelsea will beat Man United, is it because Man United are not in a good form, but you should also know that Man United is performing better than Chelsea this season, no matter the poor result and performance that Man United is having this season. However, I might still say that you are right because the two clubs are birds of the same feather this season. Surely, Chelsea has several difficult matches back to back, that they might not win any of them. Chelsea is fading off gradually and if something is not done to revive the club with might not have confidence in Chelsea anymore and they might be like other small clubs in EPL.
778  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 30, 2023, 02:51:02 PM
That is the point of the problem, sometimes we are not unwilling to allocate our income every monht in a large percentage amount, but with the economic situation that still has to divide on other things that ultimately make us as minimal as possible to allocate it. That is not something wrong either, because there should be no compulsion that makes us ignore other needs, because if we do that it is something that is not wise either.
The most important thing when we do this is consistency, for me it doesn't matter when the percentage is more flexible, especially when our financial situation is up and down.
30% is a fairly large allocation because for me it is a very aggressive step in investing.
I disagree with you. 30% is a good amount to start investing in Bitcoin. Its not large at all its accurately a good start in investing and should not be considered as aggressive investing. For instance elf you earn 100$ a month and you use 50% for upkeep and sorting of that month expenses. 20% can be kept for savings or emergency fund and you can invest the 30%. If the economic situation is favorable there persons who would prefer to invest up to 40%. But i would not advice this bold step to family owners because need for other things may arise within the month that could take up some money. Bitcoins price is on the range of $34k it will take a long time to get 1 Bitcoin if you invest less than 30% when your earnings is low. But if you make good money like a $1000 a month even investing 10% a month can give you a good amount of Bitcoin at the end of the year. One thing for sure is that within this period of accumulation the price of Bitcoin might go increase or dip and it will affect the amount of Bitcoin you can buy with that 30%.
It is said than done. I see 30% as something too big for newbies to start with, 10% is very cool and if the person has little income, he can start with 5%. what matters is the investors regular buying without skipping any week or month and before you know it in 10yrs time, you will be surprise to see the quantity of bitcoin that you have accumulated. Take note that there are some kind of emergency that one will be faced with, that might take up to 50% of your monthly income sometimes. I have so many needs that arise and emergencies from here and there, if you accumulate aggressively, it will become a problem in your bitcoin journey because, you might go back and sell from your bitcoin investment portfolio when you are short of funds, and this might chatter your bitcoin target goal.

It is good to use the money that you can use for regular DCA, no matter the challenges that you are facing and whatever emergency that comes your way, you can still continue with your DCA strategy because you have a bitcoin target. That is why I see 10% as the best option because you will have enough reserve funds to handle any expenses that comes your way. And if it happens that your reserve funds is piling up and you still have more cashm you can keep it and use to to buy at the dip or better still use it to add to your DCA funds. If you use 30%, there will be no way that you will be able to have excess reserve funds for other purposes.

I am talking from experience, there was a time that I decided to invest above my regular 10% DCA and I increase it to 20%, for the first three weeks, I was fine but later, I observe that the cash left after buying bitcoin for the week, is not always enough for me to use to take care of other needs and there must be an emergency that will occurs and I will have to take care of it. I got angry on the 6th week towards myself because, the cash on me couldn't take care of my family needs and other emergency. I got broke three days after I got paid because the moment I get paid, I just buy bitcoin instantly with the budgeted amount. This made me to think of selling some fraction from my bitcoi. But because I know where I went wrong and immediately, I asked my colleague at work to lend me some money to take care of major responsibility for that month. The moment I get paid, immefiately I went back to my normal 10% budget, and I was able to clear my sebt and could still balance other expenses. Since then I have never come up with the thought of goin above 10% with my present income. It is better to use 10% because this will not have effect on your income when you use it for DCA. Remember, slow and steady win the race.
779  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: October 30, 2023, 01:09:40 PM
I'd ask if you needed to be knowledgeable to be successful. Isn't it possible you'd be capable of investing in Bitcoin successfully if you didn't know everything about how it work. What you know about blockchains, forks & fees shouldn't stop you on how to make max profits but risks will remain.

Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.
Life is all about risk and that is how every investment comes with her own risk. Most times when we put the risk associated with an investment in our minds when venturing into it, this will make us careful with the investment and learn about the risk management in that investment so that one can be successful in it.

This is the same thing with bitcoin, you don't need to know everything on bitcoin before you invest. Rather you should know the basics and then buy bitcoin and Hodli. This is where anyone that want to be successful in his bitcoin journey will ask about the risk management, which is invest in a long term. I believe that is the only way to manage risk in bitcoin investment, because when you are in a long term investment, you can accumulate frequently, and also learn more on any angle of bitcoin that is of your interest or better still majority knowledge on bitcoin.

It is simple as this, know the basics and how to less the risk in your bitcoin investment, which boils down to invest in a long term, and have emergency funds and on reserve, so that you don't sell your bitcoin when it is not of your will. In bitcoin journey, experience plays a major role on accumulating and hodli to be successful.

Altcoins will be a big mistake for anyone that wants to  invest and continue learning about it, because it can't be a long term investment, and it will also be a waste of time and resources to do that. Only bitcoin can be used for such because it has come to stay.
However, your insistence on the singularity of Bitcoin's dominance over altcoins is... interesting. Every purchase, every coin, has its own risks and prospects.Some altcoins may not have the same long-term image as Bitcoin, but it seems short-sighted to completely ignore them. A golden rule for investing is to spread your money around. This is especially true in the world of crypto, where putting all your coins, or eggs, in one box might not always be the smartest thing to do. Yes, experience is important, but so is the ability to change and adapt.
When one means diversify...this doesn't really mean that it should be done on the same line of investment. For instance, if I am a bitcoin investor and I want to diversify, I am to diversify into stock, gold or bond and not in cryptocurrency anymore, this is because they are all following the price movement of bitcoin. If bitcoin dumps, those altcoins dumps and vice-versa. As long as you have investment in the superior of all cryptocurrency, which is bitcoin, there is no need you think of those altcoins because you will end up losing your funds if you want to hodli for long, and you will not have a rest of mind because they are centralized, and one day the dev can just shut down and move away with your funds. You wouldn't have anyone to blame but yourself. We have seen so many altcoins that have crashed in the past and I believe that these existing ones will still crash because they are have the same features. Investing in altcoins is gambling and I wouldn't advise anyone to spread his funds around different coins, but to stick with bitcoin alone because it is only bitcoin long term investment that is profitable and guaranteed. Especially this thread is encouraging newbies to start investing now, instead of them to learn everything on bitcoin first, which makes it unethical for newbies to think of investing in altcoins when we know that it is not a good start for anyone new in the cryptospace. Newbies and other investors should invest in bitcoin alone, and if you have acquired your target amount of bitcoin, you might invest in altcoins if you feel like to gamble with them. However, we are different and have our own various ways of investing that we think will work for us.
780  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: October 30, 2023, 12:23:08 PM
I really enjoyed the Napoli vs Milan match... It was really a battle with a dramatic scenario... After the first half I had no doubts that Milan would win, but in the second half Napoli managed to equalise with two goals... Serie A pleases me every time...
Napoli did not give up that easily and let AC Milan win this match, even though they were behind in the first half, in the second half they immediately stepped on the gas and did not take long to get their first goal in the 50th minute.
Initially, when I saw the course of the first half I thought maybe AC Milan would win in this tight match, but the remaining time could be used by Napoli to be able to equalize.
It's true that Serie A is getting more interesting for us to watch now, the competition there is getting tighter.
Yes, it is true that in the first half Milan always put pressure on Napoli which resulted in 2 goals ahead and after the second half started Napoli knew how to take revenge, this put pressure on Milan defense and in the end Raspadori was able to provide 1 additional goal to keep the score level even though they lost. defender because of the violation but I am still impressed that Napoli were able to defend strongly until the match ended and this makes Napoli fans proud at least they didn't end up losing when they were only playing with 10 players.
Olivier Giroud fortunately still has good talent to give 2 scores for Milan If there weren't these players, Milan might lose badly against Napoli, but I can appreciate the hard work done to defend Milan.
Actually, the first half was in favor of Milan and whoever sees the game from the first half will think that Napoli will be defeated with more then two goals. To my greatest surprise, Napoli took the courage and played the game with all seriousness of equalizing the goals and it worked for them. From the way the match ended it showed that Napoli fought till the end because they still closed the gap of one man down and didn't give Milan any opportunity to score the third goal. Napoli did a great work yesterday and their effort kept their reputation in Seria A yesterday.
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