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881  Local / Nigeria (Naija) / Re: Bitcoin no go fit finish. on: October 07, 2023, 01:51:38 PM
and I go buy the amount way I go fit afford to lose on a daily,
I don't understand you. First of all you will have a plan,wether you are buying for trading or for long time investment. If it's a short time, you can talk about investing the amount you can afford to loose. But when you talk about long time that's when you can apply the DCA method. That is investing maybe $5 per week or $10 considering you income source for now.
Samlucy O, you are getting it wrong on how to invest in bitcoin whether short term or long term investment, you should only use the amount that you can afford to lose as a newbie who just started your bitcoin journey because, there is no guarantee that bitcoin price will keep on pumping and will not dump below the your entry point. Why is it advisable to use the amount that you can afford to lose, is because should in case bitcoin price dip below your entry point, you wouldn't be scared that your money will be gone but you wouldn't care about the dip in price because the money that you use to buy bitcoin doesn't matter to you even though you throw it away. With this mindset, it will enable you to keep hodling your bitcoin without selling it and as time goes on the price of bitcoin will pump above the amount that you use to invest. Why is it that DCA is the best method to use in your bitcoin approach because as a beginner, DCA helps you to buy at regular with a specific amount, so that the amount of your bitcoin can keep on increasing gradually with time. Why are you asked to invest in long term because from history, it has shown that bitcoin circle is four years, where there will be a bull run and an ATH price, long term helps you to make profit by benefiting from the bull run and the more the years passes by, the higher bitcoin value increases. But if you invest in short term, it is similar to trading and there is high possibility of running at loss, because you can sell due to panic. Long term is the best way to invest in bitcoin and get good profit.

believe say Bitcoin no go fit finish, so anytime way I done ready I go buy am and I go buy the amount way I go fit afford to lose on a daily, Bitcoin no go fit finish for market even if say the while world buy am today e go still plenty for pipo way done buy am and pipo way never buy am to buy them, Bitcoin no go fit finish for crypto market, no matter the demand way investors go demand for Bitcoin, Bitcoin go still dey plenty. (Itz plenty), so I no dey fear at all but I go buy am one-day.
OP, if you have the money to invest, the earlier the better for you because make you no forget say everything dey cost everyday by day, come be bitcoin wey dey limited in supply, and na the dynamic of demand and supply na e dey control the price, this means say the longer you dey wait to buy, the higher the price go dey increase because more people wey no get go start to buy as na our future digital gold. Imagine the price of bitcoin at 2015 and now big difference dey and at the same time inflation dey depreciate our Naira.
882  Local / Nigeria (Naija) / Re: It seems multitasking is the only way out of poverty on: October 07, 2023, 01:34:51 PM
The way things are in Nigeria, sometime multitasking go even add more problem to your life because man body no be firewood, just like the way OP talk say, person na teacher, engineer, bolt driver at the same time. Bros no vex which strength that person won use run all these jobs wey he no go choke am. Life na planning and no be by how many work you dey do but na how you use your head arrange your life na him go help you over poverty for the nation. If person get government work or any work wey dey pay am from 100k above, him fit save from there start up business. The problem be say we no know the kind of business wey you go do, wey go progress, this na another problem.
Look around your area make you find the commodity wey people dey buy well and wey no too dey the area, from there, you set save plan how to start to sell that commodity or better still only sell essential commodities wey you know say people no go fit do without, so that at least everyday you must sell something. As the price of things dey high, you too go dey increase your own price base on how much you buy, with this you dey sure say you go get gain. Another one na, If you invest in bitcoin with small small money every month when you get you pay. As long as you get wetin dey give you money to dey chop and to take care of other responsibilities, you no go put your mind towards selling your bitcoin investment and gradually, your investment go dey grow. Our problem be say we dey go spend money sometimes for things wey no dey necessary or important to us, all those uneccessary spending too dey follow worry person financial life.
883  Bitcoin / Bitcoin Discussion / Re: Bitcoin accumulation at all time high on: October 07, 2023, 01:13:22 PM
This is not the first time that we have heard such news about whales buying huge amount of bitcoin within a short period of time. The address might belong to an institution of an individual, nobody knows. From what I understand, I believe that the person is taking advantage of the market now that the prices is 27k+ to buy as much as he can, so that he can prepare for the next bull run because the halving is in the next 6 months and some days. I believe that this is the best time to buy now that bitcoin is in its consolidation price, and that is why whales are taking advantage of the market to stack up their bags. It might be that the person might not even sell those coins during the next bull run but just might be using bitcoin as a store of value.
884  Bitcoin / Bitcoin Discussion / Re: How To Accumulate Bitcoin More Effectively In Any Market Zone on: October 07, 2023, 12:57:43 PM
OP, you have done well to bring up this information here and it will really help newbies and those who haven't bought bitcoin yet. I will prefer the regular DCA method because this is the best way one can keep on accumulating more bitcoin, in order to increase his bitcoin portfolio gradually. DCA doesn't bother about the price of bitcoin at that moment either it is pumping or dumping because it is a continuous process and you are investing for a long period of time, maybe 8-10 years. Buying at the dip is also good but the disadvantage is that one have to wait till the price dips and at that time you might have spent the funds that you budgeted down for buying at the dip, which will lead to regrets at the end of the day. What matters is for you to have a proper plan of amount that you will assign for regular DCA based on your income. DCA approach is the best strategy for beginners, but if you have accumulated up to your target amount of bitcoin, then you can consider buying at the dip as a good strategy. Patience is the key to long term investment and DCA helps you accumulate with ease.
885  Bitcoin / Bitcoin Discussion / Re: How Many BTC does the Forum's Administrators Have? on: October 06, 2023, 10:44:31 PM
Nobody will be stupid enough to keep all their bitcoin on one wallet, talk more of the wallet that was provided here. It is advisable that one shouldn't keep all his bitcoin in one wallet, but in various wallets, so that when one wallet is compromise, it will not be all your bitcoin that is gone but just some fraction of your bitcoin. This is the reason why your information doesn't have all the fact of number of bitcoin that the staffs have in their custody. I don't understand why you chose to use you precious time to know how many bitcoin is in the staff's wallet that was pasted here.
886  Economy / Reputation / Re: Announce your rank up, merit or any achievements that makes you feel great! on: October 06, 2023, 10:28:55 PM

MILESTONE 3

To be honest, I didn't expect to get this far, because my journey wasn't as smooth as others, there was some drama that happened, I should have avoided it but I enjoyed every discussion there and I read a lot because of it

So, enough of the nonsense

I am a Full Member now, Cheers
Congratulations mate...I was smiling when i saw your new achievement as a Full member because I could remember in one of your replies that you said, you want to be a member for a very long time, I have forgotten the duration of time that you said. So, this makes me to be happy when I see that you have finally left the member tank to a higher one. I hope that you continue with quality contributions to the forum so that you can attain your next rank soon.
Cheers
887  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 06, 2023, 10:18:00 PM
That's still hard to predict this game with two days left and I'm sure Arteta wants to take revenge because of what they lost in the last season. Arsenal hot improved a lot and they bought many players during the summer which can help the team to have a better performance time time against Manchester City. Also, they can use their player Saka, while he was injured until a few days ago. The rates for both teams are near and in the last five meets they had, Manchester City won four games and Arsenal won one game.

Of course, Arsenal must have a big motivation to take revenge against Man City at Emirates Stadium. Moreover, Arsenal are more ready if we look at their players, all the main players are available for the match. Meanwhile Man City seems likely to miss 1 crucial player, Kevin De Bruyne. Missing De Bruyne probably brings big impact to Man City game because De Bruyne is the player who arranges the Man City attacking. So, I think Arsenal can be more superior in this match. I really hope Arteta will put Gabriel Jesus as the striker since the early match. He probably knows well how to beat Man City.  Wink
This match is a big match to watch because they are two big teams. Considering the fact that Man City has only lost one game since the beginning of this season in EPL, this gives them a better opportunity to win the gane because I don't think that Arsenal will have the morale to win Man City even though De Bruyne will not be playing. Man city has so many superstars that will be able to deliver the winning to City and I trust them on this match. On the other hand, if Arsenal can use the advantage of playing at Emirate stadium, they can win the game because they will be playing in front of their fans that will cheer them up. which will less the tension in their performance. I see the match to be unpredictable.
888  Economy / Economics / Re: I am forgetting the value of money. on: October 06, 2023, 10:07:23 PM
The cost of living then that you don't have phone isn't the same as now, because inflation has skyrocketed the price of things now, with high unemployment rate it makes it difficult for the low-class people to coupe with. If you want to spend wisely, so that you don't end up spending so much on things that are not needful. you should look back to how you do live your life then that you don't have a phone and copy from the way you do your spending and continue in that pattern. Maybe that will help you to minimize excessively spending and use the funds that is left after trimming down your expenses to buy bitcoin. Because if you have an investment like bitcoin that you are DCAing every weekly or monthly, it will bring profit for you at the long term. If you have such target in mind, it might help you to limit your spending because you have where to put in your funds.
889  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: October 06, 2023, 09:02:58 PM
Bilbao - Almeria the only game from LaLiga today and even if at first look this game doesn't look appealing , I'm sure both teams will deliver a top football game as Almeria even if they are on the last place , they have 11 goals scored so I expect them to score tonight against Bilbao and even snatch 1 point from them.  Grin
But it seems that Bilbao will not lose to Almeria. Currently the second half has entered the 60th minute. And Bilbao is still leading the match with a score of 1-0 due to their superiority (Athletic Bilbao). And Almeria seemed to really struggle throughout this match. They haven't had a good chance at all in this match. But Bilbao must not be careless in the slightest. Because usually the mistake made by the favored team is when they focus too much on attacking the opponent's defense area but they create gaps in their own defense and the opponent makes a counterattack which ends in a goal. I hope Bilbao wins this match. I'm betting quite a lot on this one.
The match has come to an end and Bilbao won 3-0 against Almeria and I wasn't surprise at this result. Dani Gracia scored the second goal on the 63rd minutes with a good header and Sancet scored the last goal to seal up his club victory on the 81st minutes of the game. The is a super victory or Bilbao as they are 17 points on the table and they sit on the fourth position on the table. Bilbao are quite amazing this night winning all three point from Almeria this night.
890  Economy / Trading Discussion / Re: How long to learn trading? on: October 06, 2023, 08:52:16 PM
 There is no particular time duration in which someone can learn trading, because we all have different brains. Some persons understand faster than some persons, while some persons need to be taught for two to three times before they can understand. The basic knowledge of trading, which is the fundamental and technical analysis can be learnt within a short period of time, but the practical, which is trading can take a long period of time because as you continue trading, you will continue learning different strategy that you think will work out for you. When you try such strategy and it didn't work out, you come up with another strategy and so on, until you get a good one that favors you. This is why trading is a continuous exercise and has no specific time frame to learn it all.
891  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: October 06, 2023, 07:57:20 PM
Bilbao has odds @1.40 and it's clearly they are the favourite especially today they will facing weak team Almeria and we all know Almeria performance was very poor this season and their position even at the bottom of standings league because from 8 latest matches Almeria only able to gets 3 points and their defensive lines also is quite poor because from those matches Almeria have already to conceded 21 goals
An easy match for Bilbao and it's surely worthy if betting on Bilbao, my guess is the home team will likely win with a score of more than 2. As you said, Almeria defensive performance was really bad. Moreover, they are also playing an away game tonight, and previously in the away game Almeria were beaten by a big score when playing against Sevilla. So I think tonight will be their next nightmare, because Bilbao are also strong enough at home in front of their fans, and they won't disappoint.
It looks like your guess is starting to come to fruition and Bilbao is now ahead with 1 goal in the 10th minute. Maybe there will still be other goals scored considering that the match is still quite long. However, I hope that Bilbao will not be satisfied with this result and they must also be wary of Almeria's counterattack. I am also sure that Bilbao will win hands down in this match considering that their meetings are often characterized by the number of goals scored. Almeria are still slumped at the bottom of the standings with only collecting 3 points and it looks like in this away match they will return home without taking a single point. Through this match, Bilbao must secure full points to maintain its position in the top 4 this week.
Bilbao should be able to win this match because I see them playing more aggressively and they are not giving their opponent any chance to equalize the game. Almeria was unable to take control of the match for few minutes and they gave Bilbao more chances to dominate the game. A great goal from Guruzeta put Bilbao on the lead on the 10th minutes of the game. Bilbao needs to score another goal to enable the seal up their victory or else it will be a challenge for them to gain all three points, if Lecce eventually equalize the goal. The first half is over and the second half will bring a lot of surprises in the game.
Athletic Bilba is winning with 1-0.
892  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: October 06, 2023, 07:45:07 PM
Berardi wouldn't stop his brilliant performance in Sausuolo as he has scored a penalty on the 22nd minutes of the game. This has made Sausuolo to take the lead against their host Lecce. Sausuolo took possession of the match and dominated the game, Lecce don't have the power to stop the pressure that Sausuolo mounted on them. The first half is over and I hope that the host Lecce will be able to stand on their feet to equalise the goal. Sausuolo proved that they are more stronger that Lecce with the way that they played in the first half. There will be a better performance in the first half from both teams, and more goals to be scored.
Lecce 0-1 Sausuolo.
893  Local / Nigeria (Naija) / Re: Lets Please Discuss Altcoins on: October 06, 2023, 05:48:18 PM
I no just want distract my attention and focus on how to pile up my bitcoin wait for the bull run, since I get the strong believe say na only bitcoin fit help me turn things around and nothing dey for altcoin rather than empty hopes. This make me no even get time for altcoins because if I go reason them, I fit go loss my money since them be the same thing with gamble. Infact, I see altcoins as distraction and them no worth my time and funds.
894  Local / Nigeria (Naija) / Re: Ghana preparing to supply Nigeria electricity. on: October 06, 2023, 05:38:45 PM
One thing wey make Nigeria power supp;y no fit stable na because of corruption from the President down to the power sector and businessmen. Shey una know say na crude oil, especially petrol na him these politicians, especially presidents and the minister of petroleum and every other body wey get access to Nigeria wealth dey from thief. What I mean that petroleum is what everyone eyes is into in which they are stealing from to enrich themselved quickly, because ever since Nigeria discover crude oil na e the abandon other natural resources because big money dey crude oil.
Back to my story, this na e make the government no go ever want make steady light dey so that more people go dey buy petrol for usage, so that them go fit dey get their own cjoping from selling larfe quantity of petrol. Oya make una see now, as Tinubu enter na fuel subsidy him commot first, so that that percentage wey the country fey use pay subsidy, he go fit put am for pocket, why Tinubu go come want make power supply steady for here.
 Also una know say some people dey in charge of exporting the crude oil to be refine for foreign country, those people too no go want make steady light sey the country because of the benefit wey them dey benefit from the business to export, refine and bring back to the country for usage. Lastly, na this businesspeople wey dey go import generator, them no go like make steady light dey because people no go nuy generator again and things go spoil for them. I believe say this filling station owners too dey follow for this bad work because I go remember when Nigeria go get strong match to play, when the time just reach for the match, before you know Nepa don take light. Do many things involve for why light no fit fey stable for this country. Na only God fit help us to get 24hrs light like Ghana because is like this people don plan to keep the country as black as their hearts. This na why them no won give us steady light so that them fo dey use buying of petrol dey extort us, because if steady light dey the rate at which petrol dey sell fo fall drastically.
895  Local / Nigeria (Naija) / Re: What To Learn from Tinubu on: October 06, 2023, 03:47:08 PM
It is better to learn something good so that you can improve your life, than to learn something bad that will destroy your life. Jagaban can not be someone that I admire his lifestyle and his wealth because his hands are dirty and that is why you see that Nigeria is not moving forward because most people that sits on power maneuver their way to the top through so many devilish act and what do you except from them, only pains and sufferings that they will put on the citizens because them no like to see people dey get joy.

one good thing to learn form tinubu na the investment in people and when your turn come people wey you invest inside go repay you the favor. While others dey invest in things wey go only benefit dem, tinubu was investing in humans
My biggest Boss, you dey right but wetin I observe say this lifestyle of help me, I help you, na so politics dey because them no say only them no go fit do am on their own as them needs support from other politicians to help them achieve their goal. If I help you today when I dey power or I fit help you base on who my position, make you know say that person no do am for free but someday he go come back to ask you to help am. And na all these things dey kill our economy and the country. Na him we dey call Nepotism, because if I help you today, tomorrow when you dey power if I come meet you, you go also help me na wetin come turn Nigeria to paddy paddy government. This thing go make whoever no dey their cacus no go fit win election. Na only people wey feel say them get everything and no go need anybody help to survive no dey help person but politicians no dey like that because them believe in tomorrow.
896  Economy / Trading Discussion / Re: How to Cash without KYC? on: October 06, 2023, 03:31:14 PM
You can look for a local p2p trader in your area or if you have any of them on Watsapp, because I could remember that when there was NP exchanges, exchange is done through a Watsapp group but you must trust the person before you trade with him. You can also check on the forum service board as there might be forum members from your country that are into such service. If you don't see any of this option then you should use the exchanges provided to you by Charles-Tim and Omega stream. Bitcoin ATM isn't advisable base on the fee.
897  Economy / Trading Discussion / Re: trading purely based on luck. on: October 06, 2023, 03:16:03 PM
I tried to trade without any analysis, relying only on luck, I was flipping a coin for each trade I entered.
During a three day period, I initiated three trades per day, each with a small profit target and a stop-loss order. Surprisingly, these results outperformed the trades I made based on speculation and trend analysis.
it is important to note that the long term outcome remains uncertain.
I considered this experiment a success mainly due to the fact that I was trading on a demo account with no emotional involvement, and the trades automatically closed when they reached their stop loss levels, and I did not make impulsive decisions to alter the stop loss orders.
In real trading scenarios, emotional factors, such as adjusting stop-loss levels and increasing leverage, often lead to losses.
You were lucky OP, that you gamble for the past three days and it worked out for you and that is why I said that you are lucky. Your pattern of trading will only be profitable to you once in a while because you don't have the skill to trade and this strategy wouldn't be profitable in the long run. Trading needs skill for one to be able to make profit and to continue with his trading activities, because you have to know the right strategy which that works for you. One can be a professional trading due to his skill and experience in the market but gambling is totally based on luck. You should also remember that trading can be easy on demo account because there is nothing to lose and no emotion attached to it.
898  Bitcoin / Bitcoin Discussion / Re: If not for Bitcoin on: October 06, 2023, 01:59:12 PM
All that you mentioned collapsed because they are centralized and anything centralized can collapse, because it is vulnerable to attack and the owner might have a purpose of using it to scam people of their hard earned money. This is why bitcoin remains the king of all cryptocurrency due to its decentralized nature because it is an open source project. All other cryptocurrency are duplicate of bitcoin and nobody should dare invest in them only if you want to gamble with your funds. Also don't trust anything centralized as they only care about how to extort you.

If you preach "Not your keys, not your coins", why are you advertising a custodian in your signature?
Because the only way to achieve a maximum privacy is through centralized mixer, using Coinjoin or convert to other privacy coins are still leaving a trace. Of course this need a trust from the user before use the service. But they have a decent reputation and wouldn't easily to disappear.
If you convert your coin to monero using bisq, it can't be traced. When you use coinjoin, it can't also be traced because 10 people will send the same amount of bitcoin to 10 different wallets at the same time.
899  Economy / Reputation / Re: [v2][Self Moderated] In Merits, Count Down To Your Next Rank... on: October 05, 2023, 10:20:20 PM
My Countdown to Legendary Rank
Number of Merit(s) left: 9
Congratulations on your Legendary rank. I can see that you have contributed so much to the forum and that was why two legendary members decided to help you to your achieved rank but Ratimov was ahead of examplens. I hope to reach the forum final rank someday, just like you guys but I know it wouldn't be easy for me because I just started my journey. You deserve your new rank. You can edit your merit count down to 0
900  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 05, 2023, 09:36:44 PM
-snip-

We are not talking about trading in this thread, so trading may well not be a way to have any honeypot with bitcoin especially since the vast majority of traders suck and historically buying and holding bitcoin has proven to be a quite lucrative approach to bitcoin and there is no real evidence that buying/holding has changed as a good approach to bitcoin.. which you seem to somewhat understand from the contents of your post... in which you are recognizing the current period as a likely dip period.
I agree with 99% of your opinions, but 1 percent of them don't. I mean, it should be a profitable approach for investors or holders instead of bitcoin. I certainly know what you mean, but sometimes small mistakes can raise questions and lead to invalid understanding.
I simply don't understand you statement in bold letter Falconer. How will hodli affect bitcoin. Bitcoin price is being affected by demand and supply, this was where you thought that you are making a point which made you think that JJG is not 100% correct but the fact remains that JJG is 100% correct than you, from what you said. Long term investment is the best way that one can get profit from bitcoin based on the size of your portfolio and this is why DCA method will give you a bigger chance of increasing your bitcoin portfolio gradually. This was what JJG was saying and also it was the same thing that you said.

Although some of them think that Bitcoin is too expensive, it is a stupid mistake that they have thought. I had a chance to chat with several people where I live discussing Bitcoin investment. But they firmly said that Bitcoin was too expensive for us and we were no longer very interested in Bitcoin investment. I explained in detail but they still answered like that. Can any of you provide stronger encouragement for me to convey to them that Bitcoin investment is the best investment at the moment and does not measure the price because Bitcoin supply is limited. Maybe I'll wait for your explanation.
Don't bother wasting your time trying to convince anyone to invest in bitcoin if they don't buy the idea, as there is nothing that you can do about it, since they are adamant to understand what you told them. This means that they don't have the interest of investing in bitcoin and to adopt new technology, and if you want to force them, it might be that you want to scam them. The time is coming that they will regret their refusal of not listening to you and invest, and they will blame themselves for this, just like the way some newbies and old forum members were regretting that they ignored investing in bitcoin during the early days of bitcoin.
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