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821  Other / Beginners & Help / Re: Demystifying living a private life and your bitcoin on: November 07, 2023, 06:52:07 PM
Keep your financial life private and don't show off your investment or what you have achieved on social medias and make privacy your priority, to avoid bringing much attention to yourself. I don't know why if some people buy bitcoin, they must tell someone and show him your wallet for him to see the amount so that he can believe you.

It is an unsafe practice and nobody needs to know that, it is better to be a secrete billionaire and safe your head, your family and your wealth from robbers and player haters, than to be show off to people how much you have made and loss either your wealth or your life or both.

Bitcoin is something that draws people attention to the hodler because they will believe that you are very rich to buy bitcoin, unknown to them that you struggled to buy some sats anytime when the opportunity comes due to the value of bitcoin. Stay safe and enjoy your investment in the long term by keeping everything about your bitcoin investment a secrete. This does not only apply to bitcoin but to all investment.

This guy got robbed, got his Binance funds stolen, and after all... He took a picture of his upside-down room, and uploaded it to Twitter. Hasn't he learned his lesson yet?
Nope, he is looking for compassion online which he may get and also may get more criminals attention.
 Disheartening to see that he is tracking the criminal and he still have the mind to post this online and makes his plans public.
Hope he will relocate and live a more private life to avoid really losing his life.
Some people are so dumb that they will never learn from their mistake until they see that it wants to take their lives.
822  Economy / Gambling discussion / Re: For Newbies Interested in Gambling on: November 07, 2023, 03:36:57 PM
Being patient and consistently involved in healthy gambling habits will surely make you a successful gambler.
Do you mean a gambler should be successful in gambling? It is good to be patient while gambling and it is good to also follow the rules for you not to be addicted or lose too much money, but gambling is not where we should think about success.
Actually, success has many meanings, but if what is meant is success in generating profits to enrich oneself then that is wrong because the definition of successful gamblers are those who can control themselves and their finances in gambling.
Most gamblers are controlled by their gambling activities so they forget control and end up becoming gambling addicts.
I wouldn't use the word success as a gambler but it should be a disciplined gambler, This is because when you are disciplined in whatever that you are doing, you will do it with care and take some risk management into consideration before coming to conclusion and finally, it can lead to success.

There are different ways in which one can discipline himself in his gambling activities by set a time limit for his gambling, only use the amount of money that he can afford to lose to gamble and that gambler should never allow himself to be carried away by his emotion and start chasing his losses. With this three orientation, it can help you to be disciplined on your gambling activities so that you don't end up becoming an addict. Then maybe someday, you might hit it very big.
823  Economy / Gambling discussion / Re: how to start betting on sports? on: November 06, 2023, 09:56:31 PM
You should know more about the club and her present performance, past records of both clubs playing together and their head to head history. You should also look at the players that will be playing in the matches to know the strength of the teams.

You can add extra by following sports podcast, watching and following news regarding the sports and doing your own personal research. With these few tips, you can become a successful sport bettor in no time.
Nice tips that you gave, but don't let OP feel as if he can be successful in sport bet because it is gamble and the chance of losing is bigger than the chance of winning, because gamble is based on luck. Only gamble for fun and enjoy the thrill.

Let us hope that you will not later find out about virtual matches which is like you are gambling on a casino because the time needed for it is short and not more than 30 second.
I don't like virtual because you can loss big in a very little time and the matches are unpredictable and one can get addicted easily. I enjoy sport bet on live matches, because it is entertaining and at the same time you can make profit from it, if you are lucky.
824  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: November 06, 2023, 07:26:55 PM
The Penalty miss made the game hard for Roma! Dyballa shoulda been the player for that penalty, there's no way possible he wouldn't have scored that goal to give them the lead.
They should improve, this pattern of coming from behind doesn't work for all smaller sides. Lecce never played like the the underdog's anyways.

Lukaku's 100% penalty success record in Italy was ended. Only the penalty taker is at risk of missing the penalty kick. He held his head regretfully while coach Mourinho seemed dumbfounded on the training bench. Missed the penalty kick, but Romelu Lukaku made up for it with the decisive goal in the last minute. He scored the winning goal for the home team, making him unable to contain his emotions.
As for Dybala, I don't feel he is ready to play in set situations, and I believe Mourinho's decision is still correct.

Dybala is a great and experienced player, so I don't believe if you say Dybala is not ready to play in certain situation. Because of course, as an experienced player, then of course Dybala will also be ready to play in any situation in every match. So ya, maybe Lukaku is still very ambitious about having lots of goals, so Dybala gave Lukaku that penalty but unfortunately, Lukaku missed. But indeed, at least Lukaku was also able to pay for his failure in this match by managing to score the winning goal in the extra minute and in the end, AS Roma won with a score of 2-1.
Dybala is such a great player and he tried his best in the match even though he couldn't score with the opportunities that he had in the match. Lukaku saved himself from the blame that would have be on his head by scoring the winning goal on the last minutes of the extra time.

Lecce proved that they are capable of playing with a strong team without panic and they almost drew the match assuming they were able to defend the goal till the end of the game, but the pressure mounted on them by Roma made them to lose focus on their plans after Lukaku made a sharp turn after receiving the ball and took the brilliant strike that saved the day.
825  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 06, 2023, 05:46:06 PM



This is great advice and thanks for sharing from your personal experiences. It really shows a healthy perspective, and your ability to be pivot/be flexible. I think that’s key to any investment. When people talk about investing they even go a level deeper and ratio out the split of investments from that 10% of your income.

My deduction from income ranges between 5-25%. Sometimes have richer months and sometimes more expensive so the amount has variance. Recommend ya use excel or google sheets to work it all out for you. I also don’t do the allocation all at once and spread out the “investing” over a month. Sometimes things come up and I don’t like to be over extended, but certainly by month end they are done.

Then out of the amount I split my investments like this.

%56 BTC
%5 add to emergency fund
%17 dca stock
%12 cash savings
%10 into my business

If you see someone say they are high allocated into something this is probably what they mean.

Every year I re-asess this ratio normally near year end. I do feel like I have over allocated into btc this year but maybe that worked out, we shall see.

Keep calm, hodl and dca on Smiley





Since I last posted I have learned something about my self, some people might draw parallels or may have already learnt this about themselves. I was angry that the price went up, and it was the first time I was angry at BTC price even throughout the bear of going/dropping down. I realised too late I hadn't fully prepared for Uppity. I thought I had, I thought I would be happy with double digit value returns. I could handle other asset returns across other investments so why couldn't I project that confidence and experience to BTC. Well what caught me completely off guard was the suddenness. In most if not all other asset classes value add is gradual. You know you build wealth slowly, but like 5K$ increase in BTC price threw me into a loop. I was more angry I hadn't invested more at lower levels than the fact i had just got more returns from one asset in a day than any other asset I have ever owned. The magnitude of that was drowned out by my anger.

Well why I am writing this, what happened, what did I learn. Pretty simple I didn't fully understand, when people said be prepared for uppity, what that meant. I also put too much of my investment money looking at a bargain. I should have put it 100% into dca vs split of DCA and BTFD. I fooled myself into thinking my system was flawless because i didn't prepare for uppity properly. I went back through all my BFTD buys and then compared this to increasing DCA during the same time period. DCA would have out won with this 5k$ uppity.

Shifting my strategy I'm not going put as much emphasis on BFTD vs DCA for a while, there is more severe uppity to come but I have learnt my lesson.

Stay calm, learn shit, and dca on.



I am happy that you have learnt something new again in your bitcoin journey, because it is only you that can come up with the right amount that you can use on your regular DCA and get prepared because bitcoin price can pump and dump in a twinkle of an eye, and that is why newbies are advice to hodli for long and increase their bitcoin portfolio with regular DCA. Bitcoin investment has great potentials and outperform other assets in the market currently due to its volatile nature and the only way to benefit from it is to invest and increase your bitcoin for a very long term.

The size of your bitcoin and the time duration is what your profit depends on and that is why as time passes by, it is advisable to look for a means to increase your income so that you can also increase the amount that you are using to DCA so that you can reach your bitcoin target earlier, than if you are only accumulating with a particular amount regularly over a long period of time. Since nobody knows if your bitcoin investment will be the one to turn your life around in future. Take your bitcoin journey very precious and threat with caution so that you don't regret your decisions of relenting to buy with a particular amount when you can afford to invest and it wouldn't affect your income. Regular DCA is very effective and has very low risk for a long term hodler who has the passion to accumulate bitcoin, because he believes in bitcoin as an asset that is worth to increase in value with timeline.
826  Other / Beginners & Help / Re: Feeling more comfortable while integrating into the forum community on: November 06, 2023, 02:32:42 PM
Newbies should focus more on learning and reading to improve their knowledge and not all about chasing merits and ranking up as this might kill the purpose why the forum was created, which is to exchange ideas of what you know so that others can benefit from you.

Newbies are misled by whoever introduced them here that this place is a money making forum and they didn't tell them what is involved before you can get to such rank that can enable you to participate in signature campaign, and I know that some of those people that found here on their own will have the knowledge that you can join signature campaign as they just registered but later on. Life is one step after the other and don't be in a haste to get merits rather improve yourself and only contribute on topics of your interest and you will see the merits coming in.
827  Economy / Reputation / Re: [v2][Self Moderated] In Merits, Count Down To Your Next Rank... on: November 06, 2023, 10:24:21 AM
My Countdown to Senior Member Rank
Number of Merit(s) left: 17
Congratulations to your senior member rank, your contributions in the forum has earned you this great achievement. I saw all your translations to our local board and you did great in those translations. Ranking up to the Hero rank will be easy for you, if you continue with your good work here on the forum. It good to share with you in your progress.

You should edit your merit count down to 0, since you have reached the acquired merits for the senior member rank.

If you want to celebrate, you can use this thread
828  Other / Archival / Re: [OPEN] [banned site] Signature Campaign [ Full Member + ] on: November 06, 2023, 07:53:48 AM
R
829  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: November 05, 2023, 10:23:12 PM
Madrid's match entered extra time now but the score is still unchanged.
Honestly, I wasn't expecting this as I wanted 3 points for Madrid but if it's a 1 point game then it'll be a great week for Girona as they can comfortably secure top spot for at least another week.
Madrid were very good in attack but they wasted a lot of chances in this game which is the problem. It looks like Week 12 won't be a good one for some of the big clubs as after the shock of Atletico yesterday it's now Madrid who are still struggling to get 3 points against Rayo.
After 23yrs Rayo was able to draw Real Madrid at home, this was a big record for them today as Rayo stays on clean shit as Dimitrievski made some dangerous save which would have be a goal. Real Madrid tried their best in the second half but they were unlucky to net the post and they lost the record that they have been keeping for 23yts.

Jude Bellingham couldn't come to the aid of Real Madrid at the last minute of the game just like the way he do secure victory for Real Madrid in seven won matches this season. Girona is comfortable sitting on top of the table as they are using two points to be ahead of Real Madrid and four points ahead of Barca. It will be surprising that Girona will win the league this season, if they can be consistent till the end.
830  Bitcoin / Bitcoin Discussion / Re: fudster guy saying bitcoin is not viable because there are too few available on: November 05, 2023, 08:38:20 PM
So many people talk and claim as if they know much about bitcoin when they don't even understand anything about bitcoin. It is not a must that you should buy 1btc, and this is why bitcoin investment is open for both the poor and rich to benefit from because you can buy in sats based on the amount that you want to use to invest in bitcoin.

Such people will go around discouraging people who are interested to invest in bitcoin with the little that they have. There is enough Satoshi to go round for everyone that is ready to get started with he/her bitcoin investment at anytime. Only ignorant people will feel that bitcoin investment will not go round for everyone, because of its limited supply.
831  Other / Archival / Re: I am a newbie on: November 05, 2023, 03:44:06 PM
OP, you are welcome to the forum and this is the right place for you to learn all the angles of bitcoin. You have been provided with a lot of materials that can help be acquire bitcoin knowledge fast and easy as a beginner, if you take it very serious. You also learn how to use the search engine to look for whatever that you want to know about because I believe that similar topics have been discussed in the past.

You should also contribute to discussions in the forum, go and identify with your local board so that you can meet people that speaks the same language with you, for easy learning and understanding. You will grow fast when you dedicate your time to reading more as a newbie and doing your own research.
832  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: November 05, 2023, 01:12:20 PM
The goal by Newcastle against Arsenal is illegal. I don't know what those VAR referees were doing. This is ridiculous.
There was a foul in attack, committed by the Newcastle player against the Arsenal player, which was close to the Arsenal goalkeeper.
This goal is a joke. This is the second time VAR is failing, after the Liverpool goal against Tottenham, which was unfairly denied.
Maybe VAR should be cancelled. VAR is doing more harm to the football than it goes any good.
Newcastle became a really strong team and they will have big influence in the Premier league, but the fair result of this game was 0-0.

It is not the VAR fault,no not at all,it is the referees fault still that apparently no one at UEFA/FIFA take any measure against them even though they have enough evidence in front of them to judge fairly yet they seem to do what they want and not caring at all for such clear evidences.

VAR is a wonderful technology but are the referees as always the faulty people who impact the games,I know referees are human and prone to human error yet it cannot be forgiven when they clearly make a mistake with all such evidence in front of them.

Mikel Arteta was furious after Newcastle goal vs Arsenal tonight: “Because it’s not a goal, not at all!”.

The referees are having too much influence on the results, and it's completely unnecessary. The Premier League is starting to become something else. In that match, the ball had already gone, and it was even a foul on Gabriel. To be honest, English referees are among the least competent officials.
The referee is the own that should be blamed because he has the final decision since he is the one in charge of the match and no one can do anything but to obey his decisions. The referee made Arsenal to loss all three points yesterday and this has affected their points. Newcastle were given an advantage on that decision maybe because they are playing at home, but it is was not called for. Arsenal was suppose to have scored since and this would have not happened. The referee should be questioned by FIFA.
833  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 05, 2023, 12:18:12 PM
Parting goals into long-term and short-term can also be applied to HODL, for example, let's take one year as short-term and 10 years as long-term and their goal is to accumulate 5BTC. It is important to have a goal of accumulating a certain amount for every year according to their risk tolerance then only it is possible for them to achieve their ultimate goal of accumulating 5BTC.
Short term goals are not classify as HODL. The word hodler, are used for bitcoin investors that keep their bitcoin investment porfolio for 4yrs and above before they can think of taking profit and the investment is still existing i.e they still have some bitcoin with them. While a short term investors is classified as a trader, the reason is because bitcoin investment is beneficial when you invest in long term to get a good profit compare to short term. The reason why short term are traders is that they can sell after one year and after that bitcoin price pumps 2x or 3x the year after they have sold, this shoes that they have missed out from the long term hodling profit.

Imagine that you are running a new business that you just set up and after one year when the business has not stand and it is still facing challenges to grow, you sold half of the business, will that business survive, ot because you have made little profit, you decided to sell the business to someone else and walk away with your capital and little income. If you have left the business and continue to manage it that your little profit that you made will be use to invest back into the business and continuously. A time will come after a very long time that the business has flourished that when you take a reasonable amount from the business profit, it wouldn't affect the business. Same way you should look into bitcoin too.

This is why have the long term goal plan and invest, then increase your bitcoin portfolio through DCA frequently, and you will see that you will grow in your bitcoin investment, the longer the timeline, the higher the chances of making profit based on the size of your bitcoin portfolio.

But if I can buy once a month with a pending order at the lows, and once a month sell at the highs (rarely too) - am I a holder or a trader?
@summonerrk, you are a trader and NOT a Hodler. This is because selling your bitcoin due to little price increase is a way to distract yourself from a long term goal, and it will be hard for you to reach your bitcoin target, if you have. You will also not be able to make a better profit got yourself at the long run and when you make the wrong decision about the market, it can lead to loss and you will regret it. Why I said so is because nobody can know the price movement of bitcoin accurately, and you can not always buy at the low and sell at the high, if it is always possible every bitcoiner will become a trader.
834  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: November 04, 2023, 06:41:14 PM
So, in the current match between Atalanta vs Inter Milan, the match has entered the final minutes of the first half and Inter Milan is leading 0-1, where Calhanoglu is able to execute the penalty kick perfectly. I hope Inter Milan can maintain this lead until the end of the first half.
I think Inter Milan will win this match, and it will be very difficult for Atalanta to score a goal against Inter in the second half. In fact, I think there will be more goals scored to increase the superiority of Inzaghi squad, Lautaro Martinez can do this job very well. While Inter still has a slight lead in ball possession and shots on goal statistics, I don't think Atalanta will be able to pull off a surprising comeback.

If this match ends with Inter winning then they will remain at the top of the Serie A standings, and will temporarily be 5 points ahead of second place Juventus. On the other hand, Izaghi squad is the club that has conceded the fewest goals, namely 5 goals, while their goal productivity has reached 26 goals, Martinez leads the list of temporary top scorers in Serie A.

What a control and what a perfect shot from Martinez to the last end of the right corner of the post to seal up Inter's hope in this match on the 54th minutes. This is a wonderful season for Martinez has he is always scoring in most of their matches.

Unfortunately Atlanta has scored one goal by Schamacca  to cancel the second goal scored by Martinez to put themselves back in the game. Atlanta still have hope in this match, if they can equalize the goal, but will it be possible as Inter is looking for a way to net their host post for the third time. Presently Atlanta is  pressuring Inter and they are looking for a way to break Inter defence.
Atlanta 1-2 Inter.
835  Bitcoin / Bitcoin Discussion / Re: What are the odds of guessing someone's private key or seedphrase? on: November 04, 2023, 11:52:55 AM
The odd is very slim or if not impossible for one to guess the private keys or seed phrase of someone. This is because a seed phrase is an encoding of 256 bit entropy, which means that it can have 2^256 different seed phrase, a very big number.

As long as you did not generate seed phrase by selecting the words which is not a secured way. But if the words are generated randomly, it very secured and no one can guess it because it is very hard than counting the hairs on your head.
836  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: November 03, 2023, 08:08:25 PM
However, based on how I see things going for Girona and Real Madrid, both teams will give it everything they have in order to win this week game because they don't want any team to do anything that would cost them a point or even push them from their current position. I'm not sure about Girona, but this season Real Madrid is very strong to win the league title, and I think they can do so given how real Madrid is playing.
Real Madrid is already topping the table and I don't think that they will love to let any club put them behind, because from the look of things, this season is a good season for them with the way that they start the season with good performance and they are consistence in their matches.

Girona is another club that is also desperate for the trophy because they are in a good performance and they don't want to let goal of their position on the table due to their brilliant performance in every matches. Real Madrid should also be very careful with their games because we saw what happened last time that they drew their match, how Girona took over the first position from them.
837  Other / Beginners & Help / Re: [Guide] What is recommended to follow "Social Media Or DYOR" in the crypto world on: November 03, 2023, 06:52:49 PM
In whatever business that you want to venture into, it is wise to know the pros and cons of the business by doing your own research but because of cryptocurrency volatile nature, you must do your own research even after listening to influencers in social media or crypto experts. But come to think of it, it is only short term investors that needs to always do their research because they are looking for the altcoin that they want to invest in for quick profit or bitcoin traders, that want to male quick profit that can fall for these social media influencers.

A bitcoin hodler that is on a long term investment and is also increasing his bitcoin through regular DCA will only need to prepare and set aside 10% or 5% based on his income. This is to enable him take care of all necessary needs and emergency with the rest. All he needs to do is to learn the basic knowledge of bitcoin which is to invest in a long term and how to buy bitcoin and transfer to his self custodial wallet from an exchange because he doesn't need any news to deprive him from accumulating because he buys bitcoin no matter the price of bitcoin at that moment. Only invest in bitcoin for a long term will and save yourself from much risk and fake news from social media.
838  Local / Nigeria (Naija) / Re: Bitcoin price speculation (BTC/NGN) on: November 03, 2023, 01:57:37 PM
I don't know if anybody is noticing what is happening in the exchange rate of dollar to Naira, omo dollar don dey depreciate back to the former price if you can observe it, and naira is gaming back its value. I just did my calculation based on Binance price and dollar is 806 Naira as I am writing this thread, because bitcoin is 274 743 703 Naira now. At two weeks ago,we knew that it was above 1150 but gradually it is appreciating and nobody knows for how much it will appreciate to.

 Does this means that the promise that Tinubu said about making things very high before the economy will be balanced, because I could remember that he said that dollar will depreciate over Naira with time. One thing that I haven't observed yet is the cost of commodities, the prices are still high and getting higher, is it that the dollar depreciation over Naira is not suppose to bring down the price of things now, or will it be a gradual process, or is it that Naira can appreciate over dollar,but the cost of commodities will never be brought low because of greed ? This means that the new administration is working on making the dollar loss value over Naira. Can anyone tell what is the cost of this new change in price of dollar and Naira
839  Economy / Gambling discussion / Re: Difference between crypto gamblers - regular gamblers on: November 03, 2023, 12:44:32 PM
I see both crypto and fiat casino as the same in terms of limiting your gambling expenses or not. An addicted gambler will still use on his money in his bankroll and keep on chasing his losses if he gambles either in a cryptocurrency casino or a fiat casino.

I can attest to this and from my personal experience, crypto gambling is more of a different ball game. Recently, I have been using more of crypto platform in my gambling and I can already confirm the difference. Apart from the comfort the deposit and withdrawal method offers, I'm also enjoying the psychological improvement I experience using cryptocurrency.  For instance, I pay more attention to details, check my risk exposure and try my best to control greed level.

I have the feeling that in the near future, the competion will be fierce that conventional casinos will adopt crypto in other to remain in business.
If we are talking about the features in a cryptocurrency casino, this depends in the country that you are because a second world country fiat online casino will likely have similar features with a cryptocurrency casino. When you are from a third world country the online casino features in your country will differ from the crypto casino because cryptocurrency casino will be more in a second world country that a third world country but you can access it from any location.
840  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 03, 2023, 08:14:31 AM
we have to understand the procedures of technical observations of bitcoin so that when you invest to accumulate bitcoin and your target will be achieved
I disagree with you, that one needs technical analysis to be a successful investor. All a newbie needs to become successful is to know the basics of bitcoin by investing in a long term to over the risk that short term hodlers fall into. He also need to know how to buy bitcoin and how much he will assign to his bitcoin investment portfolio weekly or monthly or even quarterly that will not affect your weekly expenses and have a reserve funds. Then that investor is good to start his bitcoin journey. Look at majority of whales don't care about technical analysis because they have the money to buy anytime they feel they need to add more to their bitcoin investment.

 Poor and average investors that have been accumulating for a very long time now don't know anything about technical analysis as long as they are using DCA method. DCA method of accumulation has gotten rid of the risk that technical analysis can cause to long term investors, because all they need to do  is to accumulate weekly or monthly, disregarding the price of bitcoin at that moment. Don't delay yourself from taking the best opportunity now to invest instead of waiting and learning technical analysis below you will invest because it is a waste of time for long term investors.

I seem that the favourable time to invest in bitcoin for accumulation is when it's in dip time.
You are right and wrong at the same time. Why I said that you are right is that if you buy at the bottom line of the dip in lump sum and hodli for long term maybe ten years and above, you are very lucky because the market might not experience such anymore since at every new circle the ATH is always higher than the previous one. You are wrong because as long as you are investing in a long term, using DCA strategy and lump sum at the dip, anytime that you invest in bitcoin is favorable i.e all the time it is favorable for newbies as long as his plans is to accumulate weekly or monthly till he reaches his bitcoin target. It is also hard to time the dip because nobody can predict accurately the price of bitcoin, this is where most traders get everything complicated  for them and they end of making wrong decisions that will make them run at loss because, their greedy nature has killed the fear and patient in them and regrets becomes the order of the day. If I were you I will say NO to trading.
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