I know it's a really stupid question but I was just curious.
Don't worry, you can ask questions, as long as the intention is to learn. Is it really possible to choose your own seed words.
You have the option to create a key, but you have to use words from a specific list of allowed words to make a valid key. Each blockchain has its own set of words that are allowed. However, you should be cautious because people aren't very good at being random, and there are automated programs called bots that have managed to figure out many keys that people have come up with using their brains. This is because humans aren't good at being truly random. Just imagine in term of randomness or uniqueness what if we used multiply language or names. Because there are more than 7,100 language spoken in this world and there are 195 country. So if we think of it, in every culture, area, city, country, people use different language different names and the names doesn't have to be meaningful like my username. How much randomness would it create! Not everyone can speak multiply language nor everyone have a good memory in remembering words. People tend to forget. But when I think of it it fills me with nothing but curiosity. That's all I wanted to say.
If your good at crossword puzzles like scrabble, then you might come up with a word that with it you can get 23 words out of it |
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That's the point buddy  Why do we think of selling when we are already aware of the investment options. It's not just about buying and selling quickly especially when making investment and DCA commitments then it is definitely a long-term goal so regardless of the temporary gains that occur I think holding on to our goals is most important. what I'm trying to say is that we have two types of investors one is short time investors and long time investors, the short time investors doesn't care about holding all he cares about is to make his profits through buying low and sell high because they are always afraid of market reversal going against them because there heart cannot withstand the pressure seeing there trade moving opposite direction so they prefer entring and exiting with any profit they made Where are you headed mate? your speaking bout those who buys the dip and wants to be millionaires in a week and are obviously disappointed. But only few understands the future of potential hold. The only part that worries me is running out of funds to buy more. Like seriously, I've seen this said so many times but honestly, the feeling of not having money while seeing the crypto market for down hard is brutal. You wanna buy more to invest in the long run but you don't have any funds to use for spending. Really sucks. I am not worried but not having fun either, buying the dip then buying some more has been my modus operandi so far |
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This thought have been bothering me for a while and I feel we can discuss it here. Many people that are building their Bitcoin portfolio are doing it to also save for the coming generation.
I’m imagining my imaginary children in this imaginary scenario opening up my crypto portfolio and realizing how much of a crypto investor I was with all my bitcoins for their eyes to see. However, how this wealth will be transferred to the heirs and the next generation and how this wealth will be preserved without being lost or causing problems still remain unclear.
TBH some people might find it hard to get a lawyer, make a will, or pay an agency for planning their stuff when it comes to their crypto. I understand that this solution isn't perfect, because a sneaky family member or a lawyer who knows about crypto could take off with your private key for the bitcoins, and no one else would even know that these crypto assets exist. Maybe using centralized exchanges could help. You could have a shared account with your family or set up a beneficiary with the exchange that holds your bitcoin investments. This way, if you have multiple people who inherit your stuff, you can split your assets between different exchanges with this feature. You could also make a shared account that moves the assets to the heir's account after a certain amount of time. This could prevent any fights or problems among the heirs. |
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Do you think it's better to save in stable coin like usdt or I should just keep the money in the bank?
OP, as someone who's still learning, I think the safest way to hold onto my money is by using stable coins. They're like a modern version of saving in dollars, digitally stored in a coin that's tied to the value of the US dollar. This way, I don't have to worry about sudden price swings. Plus, I keep it stored securely on my own, so it doesn't matter if banks or crypto exchanges have problems. My money is finally secure. I have an article that shows you the leading stable coins of 2023. You should do your own research (DYOR) to learn more about each one individually. Read here
If you want to save in stable coin, make sure the coin is decentralized, currently the the most liquid decentralized stable coin is DAI.
It may be decentralized (debatable), but the real problem is that it is not fully collateralized. In contrast, DAI is over-collateralized. |
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Wow, this is really impressive! my first time seeing this thread. Mr. Ratimov, I notice the updates every month aren't regular, maybe because of reasons only you know. If the updates were consistent, this thread might stay at the top, especially since it's not pinned yet. For newcomers like me, if I could find this encyclopedia, I wouldn't need to make new threads to ask questions because I could read them here.
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so I believe that's the reason why most investors are actually wanting to be sure on the Bitcoin direction before accumulating for there portfolio.
When we're discussing being confident in knowing where Bitcoin is headed, how can you feel certain when the market is always volatile in real time? Truth is nobody can be completely sure about where Bitcoin's price will go, but they can make predictions based on strong evidence. But to me I believe that no time is wrong for an entry point to accumulation some Bitcoin
I whole heartedly agree with you on this, The best time is always NOW, there is no best time. I literally acknowledged that this is a common advice to DCA. A lot of people are still sitting on the sidelines and are waiting for a bottom confirmation and there’s nothing wrong with that. If you’re sitting out trying to time the bottom, maybe rethink that and layer in. |
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Bitcoin is the king. No matter what people still benefit from bitcoin. The best idea hodl and maintain good strategy.
Remember what is difficult for you is also difficult for someone else what differentiates you from the rest is your ability to learn and use experience to grow your portfolio.
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Mehn this thread na one of the thread wey i like pass for this forum ah done read many make i share my own too as e they hot
Craze no hard to form, na the trekking be wahala.
Meaning: It means that it's easy to act crazy or pretend to be insane, but the real trouble comes when you have to deal with the consequences or challenges that arise from your actions.
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Ehn, ehn! See as dem dey talk about Nigeria population for future. Dem talk say by 2050 we fit get like 600 million people, even reach one billion by 2100. Me I jus dey find am funny small. Based on wetin I don see since I dey Naija, dem neva do correct count for people wey dey here as long as I don dey. E be like say different areas for the country dey add plenty more people when dem dey count, maybe to try gain more power for politics. This time around, government don plan to do am with digital style. Dem go use new technology wey go help make am correct, just like how dem take do the election wey plenty people believe say na the election wey plenty people participate pass for history. E really dey make person think, you no see? Wetin dey worry me na the small number of questions wey I wan ask about the upcoming census. 1. Wetin you dey expect make dem improve or change for the 2023 census compared to the ones wey dem do before? 2. How dem fit use technology and modern ways take make sure say the 2023 census dey correct well and e dey quick too? For people wey wan sabi the plans wey government don arrange for this 2023 census, read am here. https://nationalpopulation.gov.ng/2023-census |
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BTC is like digital gold. It's valuable and its price goes up a lot every 4 years. That's better than actual gold, which hasn't changed much over time. Gold's stable, but it's a bit boring. Bitcoin's exciting because it goes up and down a lot, and that's always been part of its unique nature
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Privacy is a big and debated topic nowadays, especially for things like bitcoin and digital tech. It's about people having the power to control their personal info, who collects it, how it's used, and how it's kept safe. But when it comes to bitcoin and stuff, privacy isn't easy. There are lots of problems and choices to make, like legal stuff, what's right, how people feel, and the tech side of things.
Seems like privacy might not be around much longer. Cameras are everywhere, watching us in public and even private places. There's this new thing called CBDC's that might replace cash and let people keep an eye on our money stuff. Our data is being taken and used without asking us. We have to do things like KYC for bitcoin exchanges, which might make us less anonymous. And they're even taking our biometrics, who knows why.
People are divided on this. Some think privacy is really important and should be guarded by rules and society. But there are others who don't really mind and think privacy isn't a big deal. So, I created thread to see what everyone thinks about privacy.
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I consider it a huge privilege to have found this forum considering how much I have learnt within a short time of me being active here.
"Chance favors the prepared minded". If you weren't prepared for this journey, you embark then you wouldn't have come this far, I believe there are no limit to what we can learn and contribute to this forum. It is my decision to start my crypto journey here I am determined to dedicate my time and knowledge and as well for the growth of this forum. |
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I'm really happy to have you here. I've been part of this platform for a few weeks, and I've gained so much knowledge, all thanks to the people here who've acted as mentors and guides, even from afar. I'm not giving official advice, but I suggest you follow the rules and seek out someone you can consider a mentor. Learning from them can really improve your experience. That's the main thing I wanted to share.
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Anyone willing to share their wisdom?
This is interesting  . I'd like to share my experiences and the little I've learned because I've really enjoyed the completed interviews here. I just need a chance. |
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DCA deviation multiplier
DCA #1 = Base Order - 1% = $29,700
DCA #2 = DCA #1 - 1% * 2 = $29,100 (Base order - 3%)
DCA #3 = DCA #2 - 1% * 2 * 2 = $27,900 (Base order - 7%)
DCA order size mulyiplier
DCA #1 = 1,000 USDT = 1,000 USDT
DCA #2 = 1,000 USDT * 2 = 2,000 USDT
DCA #3 = 1,000 USDT * 2 * 2 = 4,000 USDT
TBH, I did not realize DCA have types. Because I have been advice by legendary members that we should do DCA to get more Coins. But I never heard about types of DCA. And after reading these, I can say, each person can come up with their own DCA strategy which might suits them best. Like if to some person this DCA deviation multiplier is not working fine then they go after the second one. But One thing I did not understand there is what does the meaning of "Base order" here. I hope someone would shed a light on it please. DCA comes with various plans depending on how much someone knows about trading. I'm happy my plan has been good and it's been working for two years. It's easy, make the most of price changes by buying when it's low and selling when it's high. If you're unsure, the base order is the first investment amount you won't go over. DCA deviation multiplier
DCA #1 = Base Order - 1% = $29,700
DCA #2 = DCA #1 - 1% * 2 = $29,100 (Base order - 3%)
DCA #3 = DCA #2 - 1% * 2 * 2 = $27,900 (Base order - 7%)
DCA order size mulyiplier
DCA #1 = 1,000 USDT = 1,000 USDT
DCA #2 = 1,000 USDT * 2 = 2,000 USDT
DCA #3 = 1,000 USDT * 2 * 2 = 4,000 USDT
I'm new to this way of working and thank you for bringing something new to the table. But on the other hand by doing a strategy like this even though it is still very good, but we also have to be more careful if we have minimal finances. The possibility that will occur is the difficulty in being consistent if doing DCA with this method because in the end this can be one of the problems that cannot be avoided I think. Indeed, this can still be done but with some notes such as we have more supplies (in terms of finance) because if not then your DCA will actually make you unable to buy bitcoin again because you run out of money considering this method can be said to be quite aggressive in doing so. I'm glad you found this helpful and could understand and connect with it. I agree with you. If you read my earlier response again, I pointed out that this strategy is particularly effective for professionals. These experts often have a good amount of money to trade, sometimes on behalf of a company or a group of Bitcoin investors. To meet their target returns within a specific time, they need to use this strategy. You know, Ryu, some people use trading bots for this purpose. It's a good approach too. With trading bots, you can input certain configurations and connect them to the exchange API you prefer. You set your initial investment amount and you're all set! |
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Its seems good ideas with your planning keep accumulate to reach 1 Bitcoin assets in your portfolio and don't stop for buying back exactly right now another dip coming again. Last night my order have been filled with Bitcoin price around $25,800 and its the best chance for investing with bitcoin in dip price. Almost raise 1 Bitcoin in my portfolio by accumulate every day with not too bigger amount but I don't give u for spending few of my salary to invest in Bitcoin. Looks Bitcoin still on stable around $26,000 have good moment keep accumulate how many possible as our portfolio assets until expecting break out to higher price again one day later.
Well, the plans seem good, I won't say its stable on the 26K because, for a couple of days, we can experience a new tight range of 25 to 26 and I would like to say this can be a good opportunity who still haven't prepared themselves for the halving at least they should not let go this event. Also, i won't say this is a good strategy to follow the accumulation Because on regular accumulation you never wait for the dips like 6% 7% market drop there you need to follow DCA. As if my Goal is 1BTC accumulation i cant afford 1 and once even I cant afford 25% of it, so there i will prepare my way to constantly accumulate all i can do for more progressive accumulation is i can buy more as if i was buying X$ a week and now market recently took a dip of 6% or 7% i will try to go for 2X or at least 1.5X of regular events. IMO in this case I think we also have to look at the conditions where anything can happen. DCA is indeed one of the good strategies but when looking at the conditions of the decline that occurred then apart from DCA, We also have to see some momentum from the decline so that it can be used to buy more, for example, we are still consistent every week by buying $10 or $20 when there is a decline, it can also adjust because we will also certainly follow developments and see whether the progress of btc will go back up or down (even though it is only speculative) so in this case while we can do DCA, we will definitely DCA according to the consistency we did before but on the other hand we also have to prepare to catch if possible btc drops lower so that we can get something more. Because DCA also we have to see the conditions whether something like this can still do DCA or not because if indeed the condition of bitcoin still does not change and even tends to be lower we will certainly have several options in buying dips. DCA is a good strategy for regular people who aren't pros at investing. It saves a lot of trouble from trying to guess the best times to buy during market ups and downs. It's a way to invest slowly and steadily, which helps stop the urge to make big gains quickly. Professionals or more experienced investors often use DCA when they want to catch price changes. They can automatically make buy and sell orders based on how much the price changes and how much they want to invest. It's like a more advanced version of DCA. For instance, you could set it up so that if the price changes a certain amount, each new investment gets multiplied by 2 or 3 times. DCA deviation multiplier DCA #1 = Base Order - 1% = $29,700 DCA #2 = DCA #1 - 1% * 2 = $29,100 (Base order - 3%) DCA #3 = DCA #2 - 1% * 2 * 2 = $27,900 (Base order - 7%) DCA order size mulyiplier DCA #1 = 1,000 USDT = 1,000 USDT DCA #2 = 1,000 USDT * 2 = 2,000 USDT DCA #3 = 1,000 USDT * 2 * 2 = 4,000 USDT |
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Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.
I think it is worthwhile to teach anyone about BTC but it is as important to NOT compel them. The problem with most is that they tend to compel and force people to listen about something that is somehow technical. With this, people tend to lose their focus and they also tend to show no attention at all. Again, it is better to teach someone who is already interested in a subject; compared to someone who is not interested at all though they may show signs of being attentive. Let us face it- cryptocurrencies and BTC is a complex process which will take some time in order for its foundation to be grasped. If people are showing signs of curiosity, then by all means teach them. But if you force them into something that they are not interested in the first place, then better avoid forcing them to learn it. Usually, it's not a good idea to force people to do things, because if they're not interested, they won't enjoy it. I wanted to talk about this because of something my dad did. He noticed that I spend a lot of time online learning about bitcoin trading. And that led me to learn how to make crypto apps, which I do now as a developer. One day, he asked me how I do all this. All he sees on my screen are these red and green candles. He wondered how those candles turn into real money. I don't really go out, but I can pay my bills and take care of stuff. He was really curious to know how it all works. I thought it might be a waste of time to explain because I thought he wouldn't understand. But I tried anyway, and he was actually getting it. Now, he spends about 5 hours every day in my room, just learning more about it. Also, they would be more likely just waiting for profit afterwards and since this market is full of inconsistencies, then they might eventually fall with false hopes.
I'm glad you made such a helpful contribution. You're absolutely right on this. For older individuals who are on medication or may have health concerns, getting into bitcoin trading might not be a good idea. The ups and downs of trading can be stressful, and not everyone can handle the risk of losing their investment. It's kind of like putting their health at risk, because even a small shock or stress could have negative effects on them. So, it's important for them to consider their health before jumping into something like bitcoin trading. |
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Who elects the politicians? The constituency. Seemingly everybody suspects politicians to be liars but they'll gladly vote them in anyways. The reality is that politicians get elected by telling people what they want to hear, not what they need to hear. And what people want to hear are often lies.
Now, let's think about the lies politicians have told for a long time. Where should we begin? There are so many lies, some are really bad, and others are just silly. The dangerous or careless nature of these lies should concern all who want what's best or should I say the ones who were deceived to vote for them. You'll have power all the time." We'll put a stop to corruption." We'll only be in power for one term." If we don't do well, you can throw stones at us." We'll hold fair elections." We'll take you to the moon and back." It's frustrating that despite hearing these promises for as long as I can remember, I haven't seen any of them actually come true. It's disappointing when things don't turn out the way they're supposed to. |
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When we were kids, the most important rule at home was to never tell lies. We were taught to be honest, even if we thought we might get in trouble. Even tiny lies, like who took a bit of sugar from the jar, had serious punishments from our parents.
In politics, whether someone tells the truth or lies has become a way to judge them. This has been true for a long time, even now. People use it to decide if a politician is good or bad. Back in history, it was really good to have politicians who always told the truth and never lied. Two Presidents, Washington and Lincoln, were very respected by the American people because they always told the truth. Americans trusted them because they believed that if someone is truthful, you can trust them. But it's different now all they do is lie.
I think politicians often lie to us because many of them act like they're the most important and think they know everything once they're in power. This makes them careless with what they say and do, and they tell lies without thinking about the consequences. They do this because they know they have followers who believe everything they say, even if it's not true. These followers don't care about the truth because they're influenced by things like religion, tribal loyalty, race, and where they come from. It's like they're brainwashed and don't question what these leaders say.
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