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81  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 27, 2024, 11:59:09 PM
Surely if someone is investing 100% of his discretionary income into bitcoin that might be on the border of too aggressive because he might not be adequately accounting either his income or expenses, so there would be no room for mistakes, unless, he were to invest that amount at the end of the pay period rather than at the beginning, meaning that if he were to only make his investment of all his extra money right before his next check had arrived, so then he would be at least eliminating the possibility for mistakes, so then his next period starts again after his check for the next pay period arrived.

There could be some folks who say that they are doing 100% but they really are not because they are keeping various kinds of cash cushions, but then they could still be accurate in claiming that once they calculate their various kinds of cash cushions are in place, then they will invest 100% of their remaining cash into bitcoin, whether that is weekly or some other period of time of spreading out the buys.
You are very right here! Investing 100% of discretionary income into Bitcoin is generally not advisable. This is because the investor is jeopardizing everything he earns thereby putting them on high risk since Bitcoin is a highly volatile asset. Another reason is because one should not put all his eggs in one basket, diversification, emergency fund, business and small savings is really important for an investor so that they wont get to tap into their investment. If a person invest all his discretionary income into Bitcoin he leaves no room for a safety net.

No matter the price action I feel that there will be more work opportunities in the future. It is good to use for something meaningful just like investing but not all of them into one thing. IMHO People should stop (especially beginners) converting their discretionary income into Bitcoin until they have achieved the necessary mental balance they need of multiples business, emergency funds and month budget expenses. These application does not imply to the rich because they have more than enough to invest and enough to remain.

Your reaction seems a bit strong to me Dailyscript.  I don't really disagree with anything that you are saying, except that you seem to be arguing too strongly in regards to matters that are discretionary and even sometimes ways that matters are described in regards to how much money is set aside for various categories of expenses, and surely there are likely going to be balances, and newbies need to be careful in regards to how aggressive that they want to be, yet if they have very organized finances that include being quite aware of their emergency funds, reserves and float, then their discretionary income is extra money that they have for whatever.. so maybe they get paid every two weeks, and if they already have money in their reserves that might be available for if they underestimate some of their expenses, or they might have some of that money that is available in case they want to go out for dinner or drinks or some other spontaneous expense, so they might already have various cushions set up, so then spending up to 100% of their remaining discretionary income on bitcoin may well be o.k... except for if they had not calculated very well in terms of the various cushions that they had already potentially set up.

I guess part of the point (and we don't really seem to disagree) is that the more organized you are and the more experienced you are with the balancing of your finances and psychology, then the more aggressive that you can afford to be in terms of your bitcoin accumulation, and sure some kinds of behaviors might border upon being overly aggressive, but at the same time, if we are trying to be realistic, there may be some ways that BTC buys are preset or they might be manually made, so that if paychecks are coming in each two weeks or some thing like that, then there can be ways to balance out if too much aggressiveness might have happened the previous pay period and yeah, there is a balance in regards to being either whimpy or aggressive, sometimes you might not realize that you had gone too far in one direction or another until later down the road and/or it is too late and maybe either you see that you BTC could have performed better if you had not been so whimpy or that you run out of money and you are forced to sell some bitcoin at a time that is not of your own choosing because you ended up investing into bitcoin too aggressively.


I seem to understand you on this matter, a person that already has a well built emergency funds or cash flow before going into bitcoin can easily be more aggressive in accummulating bitcoin than someone who still has to put those factors in place. Meaning that our level of aggressiveness should in some way be based on how much disposable income we can create by maybe having lesser thigns to spend on and then we can allocate more to bitcoin.

A person that is more organized finances( emergency funds, reserves and floats) in place has more of his income to himself and can easily decide to use them for and if that is to accumulate bitcoin then it's okay, but for someone with an unorganised finance that may still be trying to build his emergency funds should rather go with a low allocation to bitcoin or aggressiveness and focus on closing those spaces so he could have more of his discretionary income to himself then increasing his aggressive would be possible or okay.
82  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: April 27, 2024, 11:54:07 PM
Success is something that will really be that depending on how someone would really be that handling himself into his crypto investment. Actions would really be that varying
depending into your views and perceptions in regarding into your crypto investment. Doesnt matter if its on Bitcoin or other altcoins.

Fuck crypto.

yes it does matter if it is bitcoin or shticoins.. and so be careful if you are confusing them and convoluting the ideas in your own head, which largely likely means that you actually don't even know what bitcoin is or how it differs from shitcoins.
Yes, it is better to call Bitcoin for Bitcoin and altcoins for altcoins to be more specific rather than calling crypto as it addresses the entire crypto market. When people once hear crypto, they'll already think it is a scam investment especially for new investors not knowing that there is legit which is Bitcoin. It will not just confuse the readers but a piece of misleading information making them think that Bitcoin is just the same as altcoins (aka shitcoins) that have no value.
Talking to them separately (not crypto) the better for it this will clearly be understood and put in their mind.

Many people don't really get the meaning and difference to the two word as one can be way misleading and not only that it can also result to confusion on someone who is trying to start up with the right type of coin. I aslo learned the difference in JJG teachings here and also doesn't hesitate to correct my friend who are still glued to the error inorder for them not to mislead anyhow into buying shit crypto coins instead Bitcoin.

The use of the word crypto is mostly refered to the altcoins which some folks HODL which is them gambling without knowing and Bitcoin on the other hand is what is mostly being highlighted here anytime in discussion.

Because they just follow the trend especially when someone say about hodl it since its just the same with bitcoin where the price would provably grow when many years past that's why there's a lot of people got scam because of this wrong thinking or misconceptions about everything they do on altcoins. So much really better to have separate calling and let bitcoin remain called bitcoin and altcoin is for determining those coin also token so that newbies could easily figure out what is the accurate thing to hodl.

This is why newbies need to learn and don't listen to someone's opinion since to many misleading statement here and to dangerous for them if they pick those wrong information which may cost them to lost a lot of money. So we should be more careful and straightly hodl bitcoin only.

Holding shitcoins is a slippery slope and should consider a gamble rather than an investment for so many reasons which one of them would be the fact that shitcoins are a ponzi scheme to distract people from accumulating bitcoin.

Gone are the times of think that investing in bitcoin requires large funds or some kind of rocket science, its even easier to interact with bitcoin than most shitcoins or other projects, to invest in bitcoin even as a total newbie is possible with the DCA strategy which involves only buying bitcoin on a regular interval and this is good because as a newbie you won't get into panic from price fluctuations cause it protects you from volatility, you would also have to worry less about icing the market or when its best to buy bitcoin.
83  Economy / Speculation / Re: Road to 100k? on: April 27, 2024, 11:43:04 PM
The road to 100,000$ is still full of obstacles. ETFs and contracts are responsible for dropping large sums of Bitcoins on the market for sale at once, what contributes to dumping its price a lot on short run and leading investors into fear, what also causes them to put further coins on the market for sale. It's a snowball effect which impacts crypto market negatively in high proportions on short term. Aware about that, investors should be more patient that it's only a short term effect, which won't bring losses if they keep holding their coins and waiting for the right time to cashout profits.

Another obstacle are the institutional investors. They have too much influence inside this market, and probably are the ones moving its directions right now. Average investors should be the majority and the responsible ones for holding most supply available on the market. If we had more average investors, the market would be healthier, displaying more stability, consistent gains and less volatility (especially the one which crashes prices and introduce the market to new bearish seasons which take years to fade away).

The road to 100k wouldn't or shouldn't even matter if you are a long term holder or rather still in your accumulation stage and every dip would rather be an opportunity for you to accumulate more bitcoin that to put panic and fear into you.

Everyone can do what he or she wants but short term investment in bitcoin is just like gambling to me and a joke cause you would end uo missing out on the real deal which is to accumulate enough bitcoin and let it stack in value. What's the deal of short term trading, buying low and selling high to only end up buying again for an even higher price than you last bought and this is one major flaw of short term investment in bitcoin cause it only blinds you from the best approach which is long term investment.
84  Other / Beginners & Help / Re: What motivated you to join the forum? on: April 27, 2024, 11:22:32 PM
My story is quite simple, I had already been hearing about crypto currency for a while and was eager to know more about it especially more about investing in bitcoin cause after the last bull run and when bitcoin hit 67k many persons from my area had gotten a lot of profit from it and that was my main trigger.

I got into research about it and wanted to know more about bitcoin and specifically how to invest in it, I stumbled into this forum from a search to made that took me here and I saw a lot of other post relating to bitcoin, I created an account and logged it and so it was. I was later introduced to Binance and made my first bitcoin purchase but never had to move it cause little did I know what centralized exchange was not to be trusted, I wasn't able to hold bitcoin and later sold cause I felt the price was too high for me to continue. But after I started following up on the forum I learnt a lot about bitcoin and am still learning. Grin Grin Grin Shocked Roll Eyes
85  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 27, 2024, 05:57:00 PM
With the way this is going, both price-wise and pushup-wise, you guys are going to be so ripped when it hits $100k. I'm talking shirts breaking under pressure here Cheesy
Don't know if this is good or bad though. Good because you're working out, bad because you're focusing on a single muscle group and I can see no end to your struggle.

Nah I don't think anyone would be so ripped off as you think, we have already thought of ways to reduce the stress on ourselves and reduce sores by spreading out the excerise through out the day, it has proven to be a good way to reduce stress for myself and also many other persons that uses it.

It's not a must to focus on only pushups, I also add sit up to my daily routine and I squat at times to, but we only Report our daily pushups here, so mostly focusing on only pushups is a choice and it depends on what you want to achieve, for some of us the pushups is not very intensive and not much body building but rather just a way to keep fit and maintain a good health. You know excerise is actually good for the brain and immune system in general, cause those sweating helps remove toxins from our body.


It's seems I've quite adapted to doing 150 pushup regularly and although when I woke up this morning I hardly felt like doing any pushups when I started I was able to still reach an unexpected 150 push-up, I'm quite happy about the progress I'm making, my journey has been from inconsistency, complaining to now been able to hold myself without complaints or missing a day on the challenge, I wasn't able to give my report for yesterday but I'll addit up here.

I was wondering or rather thinking about keeping a track record of my health performance, I want to know how long it would take me to get sick again or have any minor health challenge, so I can write an article about how excerise can improve overall health of a person.

My report for today.


100k,Troytech,38,3225,2024-04-27.
86  Economy / Lending / Re: Lending Service Started! (USDT/BUSD/BTC/LTC/ETH/DOGE/ETC)! on: April 27, 2024, 04:29:02 PM
Loan Amount: 250 USDT
Loan Purpose: Personal
Loan Repay Amount: 275 USDT
Loan Repay Date: 4 week or Earlier
Type of Collateral: None
USDT (TRC20) Address : TE6DgCitk1tqEtt8cu41yBNxr3GqJ4gTtd
87  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 26, 2024, 02:47:54 AM
To me, I think the essence of all this which I think is best, is don't do more than yourself, invest with what you can do away with for a very long period of time, that's why the DCA accumulating strategy is the best because you will be accumulating Bitcoin through the DCA method either weekly or monthly according to your financial strength, and as long as you have a source of income to be funding the DCA accumulating strategy either weekly or monthly you wouldn't be compelled in tempering with your investment just because of some financial needs.

But if you are doing more than yourself, by investing more money, and part of the money that would have cover up for your well-being, at some point, when having a serious financial needs, and your emergency funds are not enough, you will be force to temper with your investment, before you know it, that will be the beginning of the end for that investment, because that will be how you will be eating it bit by bit till it runs out, so it's very important to invest according to your level or I say it like don't do more than yourself, just cut your coat according to your size when DCAing , then you are good to go.

Everyone needs to tailor his investment accordingly to his financial status and also the amount that would be comfort with, two persons might be earning equal amount and having equal financial stability but would be comfortable with different allocation, Mr A might be okay with an aggressive 25% weekly and Mr B might be okay with 10% weekly despite been at same level with Mr A and this might be due to each of them having different risk tolerance relating to investing in bitcoin or having all their value in only one asset.
You made a very good and interesting point but I want to point out one aspect of your statement that does not quite sit well with me. That is the aspect of using "risk tolerance" as a factor for investment. In the example you gave, it should not be ability to bear risk that should determine what percentage each of them will allocate to Bitcoin, rather it should be dependent on their individual needs. Using risk appetite as basis for determining the amount to allocate to Bitcoin might seem like Bitcoin is all about risk, a way of amplifying the risk of Bitcoin. So, needs is a better factor to consider and for this case, Mr A might have needs that requires up to 50% of his income while Mr B might have needs that requires just 30% of his income. Under these two scenarios, Mr B will have more leverage to allocate higher amount into Bitcoin than Mr A.

Meanwhile, when I said needs, I am referring to basic needs and any other thing of importance that cannot wait. These are the factors that can force an investor to sell his Bitcoin. Besides these needs, the other major consideration should be emergency funds which covers unforeseen circumstances.


Those are mere hypothetical to explain the mental situation of two different persons with equal needs and every other necessities in place. Mr A feels comfortable and okay with an aggressive 25% allocation to bitcoin and that doesn't seem to bother him or give him a sence of over allocation to bitcoin whereas Mr B feels okay with his 10% whimpy investment despite knowing he could allocate more to bitcoin.
Another thing might be that Mr A and Mr B responsibilities are not the same, and Mr B have a high responsibility than Mr A which will make Mr B not to be able to invest 25% because that is more than his discretionary income. Another reason that is that Mr A might have a strong faith in bitcoin a d chose to buy aggressively using DCA method because he feels that this is the best opportunity for him to invest aggressively and increase his bitcoin faster. On the other hand Mr B might not have not have strong believe in bitcoin just like Mr A, and decided to invest only 10% of his income using DCA until he builds his believe and knowledge on bitcoin, he might decide to increase his amount.

Lastly, Mr B might feel reluctant that he does not need to invest much in bitcoin and invest in a wimpy way, when he can buy aggressively like Mr A, because he is rich and feels that he have enough fiat to save him in future from getting broke, which is under probability. This is why when you are investing using DCA method, the amount of money that we use should be based on our discretionary income, and also DCA aggressively when you are opportune to do so.


Your right about all that but I think you seem to mis understand the hypothetical, in this case it is not about needs or disposable income available it's more about two different investors with equal financial situation and equal discretion income and disposable income that choses to allocate different percentage and that is due to the risk or proximity of the investment not doing well.

Let me explain as I've understood.

MR A Understands the fact that bitcoin has a probability of not giving him any returns or going to zero and still choses to give 25% to bitcoin without putting himself on any pressure and is totally comfortable with it and it does not bother him, but MR B despite being in the same situation like Mr A doesn't go well with having too much in bitcoin and rather decides that it would be better to have only 10% in bitcoin and have the rest in cash.

You see they both have everything equal on both sides but they don't chose the same allocation to bitcoin because they don't both agree that it would be good to be aggressive in bitcoin based on the fact that it could also not give any returns and that should be seen as risk tolerance.
88  Economy / Gambling discussion / Re: Beyond Wagering on: April 25, 2024, 11:55:40 PM
I've not really noticed anything new apart from the fact that I've started involving in football discussions more often than I would normally do and it's always about who would win the next match and which team is enjoying the best form or if they are any sure games. Normally I used to be a player fan and would of love players over clubs but now it's all the stake for me, but it's quite cool 😎.

Although I've also picked up a habit of asking people for ticket codes to see what they are up to and conpre with my own predictions to sometimes clear my doubts on some games that I'm not quite sure off or to try my luck on someone else wager.
89  Other / Beginners & Help / Re: Can Bitcoin be a full time career for investors? on: April 25, 2024, 11:52:22 PM
As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

A lot of individuals are already relying on bitcoin as an asset that has the potential to do well over time. Investing in bitcoin doesn't need any rocket science knowledge and it's not as if you have to read ever article about bitcoin to start investing or read the whitepaper.

All you need to know is what you want to do, how to buy, and how to store then along the line you can find out the rest.

Bitcoin well beats the test of potential and has proven that through out history, bitcoin Was built in a way to ensure that's it always have value and has a limited supply that makes it even more unique than gold, meaning that they can only be a gives amount of bitcoin for everyone in the world to compete for.

There are already traders that take advantage of this price volatility to make money out of bitcoin, but when it comes to investment you would care less about price fluctuations and focus more on buying bitcoin cause that's what really matter.
90  Economy / Speculation / Re: Road to 100k? on: April 25, 2024, 11:43:30 PM

For those still in accumulating phase it's important not to be eager for bitcoin to skyrocket to the moon. Because if that happens, you might end up buying less bitcoin with a bigger amount of money and take away the mindset of seeking immediate profits it can lead to selling at small profit margin. So take your time keep accumulating and focus on building a solid Bitcoin portfolio that aligns with your goals.

That sounds right.. .some newbies get too excited about bitcoin going up in price quickly, and bitcoin going up in price so quickly is not necessarily helpful to their situation, even though there is nothing that we can really do about it going up, except like you suggested, to keep stacking and try to continue to build our BTC stack so that maybe some day down the road we will be in even a better position for it to go up more.. and so we cannot really know for sure, but newbies, or even bitcoin accumulators/holders who have been in bitcoin for less than 1 or 2 cycles, they probably are still needing to continue stacking, even if the price seems to sometimes be going up alot. .which can also be kind of uncomfortable.. but it might really be the most practical way of approaching your journey to continually continue to build the size of your BTC stash, as you already mentioned.

You have raised this up before about each of us setting put our set of possible senerios and outcomes relating to our bitcoin investment and set plans incase any of them plays out, I think in cases like this when the increase in Bitcoin is against low coiner or newbies in a way the only solution to that would be to keep cash reserves so shoudl in case the price settles or begins to dip we can buy hugely in such condition and balance out our portfolio.

Most newbies don't actually know that the only way to prepare for up is to have enough bitcoin and when the price of bitcoin increases they are not yet qualified to be that joyful cause it even against them that needs to keep on buying even during times of high prices. And buying to much at this hight price would end up increasing your overall buying average especially if your using DCA cause you would be buying up the trend and the best way to balance this out is to also buy as much during lower prices.
91  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: April 25, 2024, 11:24:37 PM

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

First take a chill pill and relax cause you don't wanna end up chasing those loses and eventually end up losing more and more than you planned to. Rethink the whole senerio of losing that huge amount and ask your WAS IT WORTH THE RISK , if no then you have just acted carelessly and if yes then forget about it.

I've found myself less time than often in such dilemma of losing huge amount, such risk are off limit to me, but in any case every one here has a different view of huge money and I'm my case it may relate to much bigger amount, I really don't fancy losing such amount for any reason so I won't bother staking.
92  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 25, 2024, 06:07:17 PM
if continue in dis pace I believe I can be able to do de 100 push ups a day even if not at desame time.


Welcome mate, take note of the right format for report ☝.

I was able to do 70 push ups in a day that was yesterday  to be precise in five set. Three in de morning ( 20, 10, 10). And two in de evening(15, 15). Making it a total of 70 push ups. Though it was not really easy since it was my first time of joining de challenge but I believe with constant practice and dedication de 100 push ups will be a reality and I can be able to do in one set in a day.


That's some good result you have there, I recall I wasn't able to do up to 70 in a day when i started and that's because I didn't know I could spread my workout between sets or through out the day as I do now, you should also take it easy and consider spreading the workout through the day to reduce the stress on your muscles, you could do it how ever you like tho, and it also depends on the result you want, if your aim is to build muscles then you might have to do a little more intensive excerise than others, I'm just hanging around staying health and maintaining my physic, unlike some I already have a good body look and don't need much excerise.

Your already getting a hang of the challenge but one thign you fail to do is report the proper way so you could be added to the table.
Your report should be in this format.
100k,UserName,DaysofPush-up,TotalPush-ups, yyyy-mm-dd.

Keep it up hope to see your numbers grow on the table soon.

I was able to maintain another 150 pushups today and it seems my strength have quite increased and endurance, although  I had to do 20 pushups per set and I divided it into 5 in the morning, 10 Into 5 sets  afternoon when I'm less busy, although I still plan to do another 50 if I can in the evening.

My observations since I started spreading out my workouts.

1. Although I've been doing more than the usual 100, I've not noticed any sores on my muscles and if there are it's quite little and doesn't last long as it used to when I was doing more in a row.

2. I'm mostly pro active through out the day and I can easily face my daily tasks without feeling much fatigue. It seem to have started after I started doing much excerise during the afternoon. Is anyone else experiencing this.

My report for today.

100k,Troytech,36,2925,2024-04-25.

I'll update this after I've done the last 50 remaining.

Updated, I've done the last sets for the day.
93  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 24, 2024, 11:47:37 PM
At this particular point, I really don't think it's logical to be timing the market now because as an investor that we are, our primary concern now should have been how much Bitcoin can we accumulate, so as not to be left behind? So if we decide to be timing the market, it's a complete waste of time, because the bull run can start anytime and you will start feeling regret for not buying and accumulating now that is the best time to buy, so in order not to be in that kind of space, it's best we utilize this opportunity by accumulating more Bitcoin through the DCA method regardless of the current price now, because the amount of Bitcoin in your possession will definitely define how profitable you are going be, during the bull season, and another thing we should not forget is, we should only be thinking long term, because it's only a long term holder will definitely reap the full dividend of his or her holdings.
Their is no need timing the market because it is not a way of making profit from the market because the market can't be predicted.  This is the time to buy as much as you can and wait till the bull market gives the kind of profit you want. Real investors don't time the market because they know they will definitely get what they want from the market.  Most people that have the habit of timing and predicting the market are just so desperate to make money quick.

Now that the price of bitcoin is low the goal is to buy more Bitcoin and hodl because it will surely yield more profit. When you believe in hodling their won't be any feeling of doubt of bitcoin.

Your expression really seems short term to me and portrays someone just buying cause of the bull run to take advantage of the trend which is not bad cause anyone can do what they want but its not the most appropriate approach to investing in bitcoin which should be long term and considered accumulating bitcoin for up to 4 years or longer to have a very good stash in bitcoin before thinking of selling bitcoin.

Timing the market is not advisable cause you can get lost and forget that the most Important thing is to actually buy and miss out on buying.
I won't try to tell you when best to buy but I think that everytime is a good time to buy bitcoin and not only when price is low, and that is why we advice to use the DCA strategy cause with that you are always buying bitcoin when price is low and high, the beauty of using DCA is that you worry less about volatility in the market and you don't have to time when best to buy cause you woudl always be buying.
94  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 24, 2024, 11:35:53 PM
I like the little chart showing our progress to 100K push-ups. Pretty cool. I haven’t missed a day yet but am trying not to report so frequently. One thing I’ve started doing as well is instead of just doing push-ups, I try to explode off the ground with all my power. I’m told this should help me on my quest to be able to do 100 push-ups at once. I seem to have hit a wall on progress there. I have still not done more than 50 at a time.

Yeah I definitely know how much you feel about this because we are in this together, I will suggest hitting above 50 at a time shouldn't be your main target for now, but rather how much of consistence you are in hitting 50 and close to 50 should be your priority and you will be surprised the very day you will hit above 50 at time unknowingly after which you still be making progress working towards hitting 100 at a stretch.

For something you just started hitting 50 at a go is showing how much strength you have already built by consistency in this challenge,  the more you continue in doing what you are doing the more you wpudl adapt and build strength at it.

My advice don't push to hard in getting to hundred at a go, rather focus more on getting used to it and then the progress would come on it own, and you don't want to end up getting to sore.
95  Economy / Speculation / Re: Road to 100k? on: April 24, 2024, 11:20:18 PM
Each person should be tailoring his investment to his situation, and surely there should be less ability to aggressively invest into bitcoin if you are brand new to investing and brand new to bitcoin, and so if you don't have your shit together, including having some consideration of the 9 individual factors.

That's what we do talk about on the Forum on how newbies rush into Bitcoin just because they have a little knowledge of it and they forget that they still need to learn more about Bitcoin, no plan no strategy and they engage in it because they see others benefiting from it, they feel is easy and they too can gain more than they invest, things don't work out that way in the crypto space, seeking for mentorship and advise helps a lot.

I don't really believe there is much to know before getting started to buy bitcoin, all a newbie has to know is how to buy at first and them the next to hold, if there is any knowledge I consider compulsory is knowing how to manage his finances and know what he need to allocate to bitcoin without choking out himself and eventually selling off so early when he can't keep up any longer, and another thing is to have an emergency funds in place.

Yeah I can understand that a lot of persons actually get into bitcoin thinking it's a money making machine and tend to engage into short term investment and all that, and some even tend to get frustrated when holding in the bear market and might also sell of their bitcoin due to fear or panic, but what is most important for anyone to learn how to buy bitcoin and hold it.
96  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: April 24, 2024, 11:01:21 PM
Nowadays many people buy dip and sell it back to the pumping hall. May take longer or less time to reap benefits. It totally depends on the investor. Because an investor will depend on how long he will hold his investment. But usually I keep the investment for a long time and it is able to get the maximum benefit, because the longer the investment period, the higher the benefit.
Funny enough I don't believe that anyone who holds his investment for less than 4 yours is a long term holder except on cases where the person was able to accumulate so much bitcoin in such a short amount of time and maybe was lauck to invest in a time like this(for those that started invest maybe mid last year or from last year). Why short term investment is a abuse to investment and rather trading is because you are not following what an investment should be, how would you buy low and sell high without letting any compounding effect come on you investment.

For sure, I would like to point out that historically bitcoin has had compounding effects over each cycle and also even more compounding effects over several cycles, yet I would like to also assert that compounding effects are not guaranteed merely because a person stays invested in bitcoin for more than one whole cycle. 

There is always a risk that bitcoin might not go up in value and even that it could go down or go to zero, so even though many of us appreciate that bitcoin seems to continue to have one of the best investment theses, even perhaps the best, it still is not guaranteed to go up, and I think part of the reason regarding having an investment timeline that is 4-10 years or longer is to make sure that you are considering bitcoin as a long term investment rather than merely trying to trade waves, and sure everyone is free to do what they like in terms of their approach to an investment, even though there are probably plenty of us who would consider that you are not investing in bitcoin if you cannot at least come to it with a minimum of a 4-year investment time line... and yeah, maybe when I came into bitcoin in late 2013, it might have had been more difficult to actually commit to at least a 4-year investment timeline since bitcoin was ONLY less than 5 years old at that time in terms of how long it had been running, and maybe only 3.5 years or even less in terms of having (and growing) some kind of a market price.

So various bear case scenarios should also be included in terms of any thoughts to get into bitcoin and to build a bitcoin stash, and are non-bullish cases are not eliminated merely because the timeline is longer... so be careful both in terms of suggesting that compounding value is guaranteed and/or that negative scenarios (or less bullish scenarios) are no longer applicable, merely because you choose a longer investment timeline, whether that is 4-10 years or even longer than that.

From trying to put the pieces of what I think I understood from what you are saying is that we should always bear in mind the possibility of our investment not giving any returns even as we are going for a longer time frame cause anything can happen along the line of that long term holding and maybe bitcoin going to zero or the price for the whole 4 years was only going bear and no compounding Vale were to even be added to the investment.

IMO you have already given a good solution to this serval times and that is an approach that we are investing with money that we won't miss and just incase in that long time frame of events, the worse happens we won't be in a financial wreak.

But this springs up a question, what about those that are actually investing in bitcoin with money there would missing this case I don't mean over investing or allocating to much but for someone at retirement that has been accumulating bitcoin to live off it, and has been investing his retirement funds in it, what do we say of this.
97  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 24, 2024, 10:45:57 PM
It's been another day of great progress for me and I'm really getting the hang of this daily excerise routine, I remember when I was complaining about not been able to do up to 50 but now that's a walk in the park for me, just a motivation to all new members it going to be a little challenging at first but as long as you keep consistency you are surely gonna get better at it.

Another thing the sores that I'm sure that most new members would be feeling from the new push-ups activity but there is a way outfof that by spreading put the workouts through out the day to reduce the impact of stress on yourself and it would even you to easily break do the numbers and do more push-ups in no time. I was able to do another outstanding 150 today and I was able to accomplish that by doing 25 for each set, and I did 4 sets in the morning and 2 sets in the evening before going to play football.

@DirtyKeyboard I can only think of how much commitment you are putting to keep up updating the table, thumbs 👍 to you.

My report

100k,Troytech,35,2725,2024-04-24.
98  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 23, 2024, 11:31:32 PM
Wether they take quick profits or not Bitcoin still remains, it's all by choice and how we view from our perspective, each investor knows what's suitable and good for him because the needed funds used to invest was raised by him, despite all these happening, we only just advise investors to purchase/ keep on purchasing Bitcoin, restrain from selling and continue to hold for the long run in order to maximize the profits and store this wealth for a longer time.

Emergency funds are compulsory units in the process of accumulating Bitcoin that should not be neglected, life is full of unforseen circumstances that may come either at the appropriate time when funds is surplus or not, during this point in time a persons emergency funds will step in to resolve that issue instead of altering one's investment portfolio just to solve the need.
But unfortunately, not many Bitcoin investors can determine when they will take their profits. Many of them cannot wait patiently for the price of Bitcoin to increase very high. Most of them are still consumed by the issues raised by unclear news.

They will panic and make decisions without thinking twice. They cannot find more information about the situation that is happening so that they make instant decisions. For those who can still be patient, they can see when they can sell their Bitcoin and take the profit.

For emergency funds, it is best to separate it from investing in Bitcoin so that it does not interfere with our investment plans. But there are also investors who use some of their Bitcoin to meet their emergency needs because their emergency funds cannot cover them This is understandable because we often experience emergency needs that we must fulfill immediately.

This shouldn't have to do with those that are still early or a low coiner in their accumulation journey except those who already far gone or probably in their maintenance level else it will be considered that they are using the money that is meant for their personal needs to invest in Bitcoin. However, irrespective of the fact that our emergency funds will varies from one individual to another based on financial situation and personal expenses, the Idea of the emergency funds is to set aside 3 to 6 months worths of our expenses such that  selling part of your investment when you still early in your accumulation journey can be very bad and retarding because it will be senseless to be selling part of your Bitcoin investment in order to meet up your emergency when you are supposed to be making buying your hubby and possibly being aggressive without over doing it in order for you to have a sizeable worth of Bitcoin.



I don't think it's wise to even compromise as a well mature investor, our emergency funds should not be use to invest in bitcoin cause that is actually the insure that we don't sell of our bitcoin holdings, but yeah I can acknowledge that at times we might get into situations that we might want to invest with our emergency funds maybe due to lack of funds but its not worth it unless we are very sure that we can replace that money in no time.

Then I think we should separate those mindset from each other, anyone that is thinking in terms of wanting to buy low and sell high is a trader and doesn't value bitcoin or understand bitcoin or even investment, there should be a process to everything and not just any news that pops up and you are in a state of panic to see of your holdings or even worse watching to know when to sell, and mind you no one is saying that selling is a bad thing but the issue is that selling too early is not the best approach to bitcoin cause you are inevitably missing out on the best part which is to own Bitcoin

Most individuals are just in for short-term profit only by trading with their bitcoin and stuff which ain't encouraging, such people are just wastiht some valuable resources , due to the aim of wanting short-term profit. And most time they usually forget the risk in it . Like fot instance whenever a longer-term investor experience any dip in market, instead of being in the state of panicky he or she will to it as their advantage to purchase more. While a short-term holder will quickly sell to avoid dips, with the mindset of cutting losses . And you can't compare the profit of  those that are holding a better or huge  quantities in their portfolio to those that normally trade with their Bitcoin .

Your quoting the wrong person, correct your quote.
99  Economy / Speculation / Re: Road to 100k? on: April 23, 2024, 11:17:16 PM

Honestly I thought by now we would be having Bitcoin price at $100k before the halving period but it seems to be on a slow mo and no rush, investors are currently looking for the right time to smile to the bank but waiting till it gets to $100k is still a win win and a better profit.
No time is too late to start investing even though the price is taking it's time to go back to $70k, those holding can still hold because Bitcoin price is heading to a positive way that would some how hit $80k before the end of this month but can the high transaction fee be an obstacle to withdraw when Bitcoin price is right on track like to a $100k+? Because I see it as a means of slowing down business if it continues.
If you holding I see no reason why you would want to withdraw and be affected by the fee.
I will only consider if you planning to move from your CEX to a secured wallet for further keeping.
$100K shouldn't be the goal is too small
With 40% increase Bitcoin would cross it.

TBH Bitcoin beating it's all time high before the halving was outside my expectations,so am surprised people believed it would hit $100K before the halving.
Don't forget that it rose from around $15800 to $73K that's almost 500% and quite impressive in my book.

I haven't mentioned if I'm holding or not don't get me wrong on that, was only saying base on how the fee is getting higher by the day. I believe some have the intention of holding not for long and they easily get pissed and think of withdrawing, that's when things ain't working as planned. It can happen because of financial issues who knows why?
Bitcoin price was getting close to hitting $100k before the halving with Bitcoin price raising and giving much hope of getting to $100k not until we had a pause at $73k, fair enough though. I'd say since the market price went from $15k to $73k it has been a very impressive movement and I'll say the way it was elevating made many forget about some corrections too, if not I don't think we would be having that imagination of it getting to $100k before the halving. $100k can have before the year runs out but not in this month or next.


Everyone has the right to withdraw their bitcoin investment when ever they choose to but there are definitely ways to ensure that things go as planned and that is investing the right way, you can't expect someone who is gambling rather than investing not to have issues with his investment so early and think of withdrawing and that is because he is investing more than he should be able to maybe because he is thinking of taking profit from the bull run and when things start to go otherwise he wants to pull off and run, but that's not the way to invest, an investor should be considering his financial situation when investing and investing what he can afford to lose in case it doesn't go well cause its also a risk, then we can talk about keeping emergency funds as our insurance that we don't sell too soon or even touch our holdings die to any emergency that may occur and if we love to take advantage of other market opportunities like dips we can also start building or reserves for such reasons.

IMO if an investor follows and plans well he won't be in the category of those selling due to his plan failing cause its not rocket science, its just doing what is right.

I believe that these should be your concern now that price movement or been too optimistic that bitcoin would only go up than down, yeah there are also such possibilities but I prefer not to talk about those, but one thign you must remember is the only way to prepare for up is to have more bitcoin

Being optimistic ain't bad but still you are right, the best way to prepare for the up is to have alot of Bitcoin stashed, because even though a massive increase in prices in market takes place without you having much Bitcoin. You will only endup with less profits due to the small quantities you have stashed,  so to avoid such scenario is to keep purchasing.

If you read I said overly optimistic, so don't mis quote me
100  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: April 23, 2024, 10:22:25 PM
I would keep emphasising on the need that, till you examine yourself then you know your place in the Bitcoin Market. Whether you are in for short-term profits, or in for to view long-term in quest to build a solid bitcoin portfolio as a valuable asset. This settles everything and the debates.

It individually based, but the end result tells the story, Bitcoin is an asset not just a tradable coin

And people who already know that Bitcoin has become a valuable asset for everyone and also for themselves, of course that person will make more purchases than sell after buying. Whether it's in the short term or in the long term because I can't imagine how expensive Bitcoin will be in the market when everyone has been buying and holding it without selling any of the Bitcoin they have right now. Because from what I see at every halving there is always a maximum price increase in Bitcoin and this may still happen at the next halving in the next four years.

And if this is talking about each individual, each person should focus on themselves in any case, including buying Bitcoin without too much hesitation in the current market conditions. I think everyone should have the desire to save Bitcoin every week in order to be able to change their finances and have valuable assets in the future because from what I have seen this year there are extraordinary facts that have happened to Bitcoin which makes me confident in saying that to many people who are still doubtful about Bitcoin.

Firstly bro short term investment is pure trading or gambling cause you are taking advantage of mere price fluctuations and missing out on the real thing which is to accumulate or own Bitcoin.

No matter the price of bitcoin I won't consider it a time too late to invest in bitcoin cause even now people still invest in gold despite it been a more mature investment than bitcoin, and thinking about the price of bitcoin as an hindrance to accumulate or buy bitcoin is a false restriction you are putting on yourself cause at the end of the day if bitcoin does well then you woudl also regret.

I understand that as the price gets higher we all have to buy bitcoin at a higher price and also it might be scary to invest in It considering the high price but we are investing with our disposable income and we would not be needing this money any time soon, and the worse possible senerio would be a case where bitcoin doesn't grow anymore and you don't get any profits from your investment or it going to zero and you don't have to miss the money, so if you follow this pattern then surely you won't be on a losing side which ever way the asset goes.
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