Sevilla seem to be finding it really easy with Almeria in the on going game. From the eight minutes Sevilla already had a goal and by the end of the first half they were already three goals ahead, going by statistics Sevilla is really dominating by possession and other statistics, they have 53% ball possession and 15 goal attempts, they have their fourth goal already within the 50th minute of the game.
Almeria is really not expecting a comeback as they can't get that, they have never won a single match and here is another match to add to their loosing streaks, it's going to be the second game Sevilla is getting a win from since the beginning of the league. They also have the home advantage for today's game and aswell happens to be the favorite for the game.
Sevilla should enjoy this victory they are getting today as they may not enjoy such again anytime soon, facing other bigger teams after now will definitely not avail them this privilege again. I jus hope Almeria doesn't end up crashing out into relegation by the end of the season going by the fact that they don't have a good enough results to keep them in the league currently.
Almeria is like a bonus to all the clubs that have played with, if they continue in this poor performance, I see them close to relegation. Sevilla took advantage of Almeria weakness and scored five goals, making it two wins for them this season. I don't think that Sevilla has picked from due to their performance today, it was due to the weakness of Almeria that made it look as if Sevilla is in a superb form. Barca vs Mallorca match will be coming up in few minutes and I believe that Barca will win this match because they are stronger than Mallorca in all angles. |
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it's not very difficult for Bitcoin to go from $25k to $30k.
Maybe it's not that difficult but we have seen what happened to bitcoin where even increasing the price to $29k seems difficult because there is a lot of pressure to stay at the bottom price. But if the time is right, the bitcoin price will definitely start to increase and reaching $30k or even $40k or $50k will not be difficult and may only take a moment. Perhaps we shouldn't focus on the Bitcoin price movement right now, what should be considered is how well you're utilizing the opportunity by accumulating more, truly we no that Bitcoin is ranging within some levels, we shouldn't dwell on or trying to determine what the price of Bitcoin in the coming months will be because it can affect your psychology in times of accumulating were as you over invest believing your psychology that Bitcoin price will get to a certain price before some months as such making you invest more in other to accumulate huge before the months you believe that Bitcoin will get to a certain price reach, perhaps you could be affected financially if it doesn't get to the particular price, is obvious that Bitcoin price will spike soon as a result of the halving coming next year and could possibly surpassed the all-time high but nobody knows when is going to be, so we shouldn't allow emotions to cloud our accumulating psychology to invest aggressively there should always be back up plan. You perhaps made a very good point as true Bitcoin enthusiasts should not really care about the low or the prevailing condition before they buy as they continue to increase their vault of Bitcoin. But on the other hand, we should rather be more professional than just be a blind investor. Fine, Bitcoin has the prospect to move higher and appreciate in value over time to surpass the current ATH and still give the hodler more return on their investments. Yet, it will not be so bad to earn more when you are more professional in your striking level. Also, based on your insinuation, DCA is a good option, after all, you will not miss out as you strike at different levels/prices, but as much as DCAing is good, you might want to use better approaches that will earn more for you or that will complement the DCAing since there are many approaches to investing in Bitcoin, it's wise to diversify. What I advise in this regard is to study the market carefully and never buy when the price of Bitcoin is high regardless of your DCA approach. Take the recent event for example, Bitcoin hit almost $27,500 recently, and that was when I knew fresh trouble might start, and you can see what is happening now. Nonetheless, if you are conversant with Fibonacci retracement, you would know decisively in line with the price action that the coin was stopped by the 61.8% 1D Fibo level and a bearish price action below the line pointed to a bullish failure and an activation of a bearish short-term reversal. At this point, a good investor will know what is going on and wait until there is the same condition favouring the bullish trend before buying the coin again. This is wiser than just buying and DCAing without a good reason to back it up. This was how I was able to know how to deal rightly with my Bitcoin purchase when a similar condition happened in August when Bitcoin moved higher and barely hit above $28,000. It was the same Fibo that played out so well to guide me as 1W Fibo level actually repelled the price of the coin downwards. It's good to make plans this way so that one will not be a blind buyer, and once you buy at a reasonable price, you tend to make more money. So, it's not only about DCAing but DCAing rightly with further guidance like this. @Earn on Victor, you are right about all what you have said. However, when one is planning to use DCA to accumulate bitcoin, he must be prepared based on in income and map out a certain % that he will use when DCAing at various level of bitcoin price. For instance, I might set a budget that the lower the price of bitcoin goes, the higher the amount that will be used for DCA. This means that if I have bitcoin is 20k, I might DCA with 30% and when the price is between 24k-28k 20% and anything 30k-34k let's say 10% and when the price is above 37k, you can also choose to stop buying and pause for a while to see how if the price will drop. The most important thing is that you keep on accumulating. The price of bitcoin wouldn't bother you when you are well prepared on increasing your bitcoin portfolio. An investor that has plans and has the available resource to DCA for long wouldn't worry himself over the market price of bitcoin because he has put all that into consideration, what he will be after is to look at the price to know if he will change his strategy of accumulating to his bitcoin portfolio. Also when the market dips, then one can look for a means to get a good amount of funds that was on reserve or sell part of your other investment or take profit from there to buy more bitcoin. |
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Have you reached 1BTC yet?
If not, what the fuck are you doing with your life?
What are you gonna tell your future kids and grandkids when they ask you why your bitcoin stash is so pathetic when you knew about it in 2023 or earlier?
I haven't yet because I just started acumulating using 10% of my income for regular DCA, so i believe that someday I will get there, as long as I stay focus on my goal. So that I don't end up dissapointing my kids and my grandkids because it is not too late. |
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Newbies, you are all welcome to this forum as you are in the right place to learn all angles of bitcoin and many more. It is easy to grow here, if you are ready to learn. There is board here that is called local board in the forum. Local board is a board that was given by Theymos, to people from your country for easy discussion, so that you can learn and contribute in your native language for proper understanding and also to assist one another. So many newbies here don't know that the forum has a local board for their countries, and they find it difficult to interact in their local language for easy understanding. When I first registered here, I didn't know that Nigeria has a local board and it took me three months before I finally saw our local board. I felt overwhelmed and felt at home the moment I visited the board, also it made me feel comfortable to ask questions there and also to contribute on topic been discussed in our local board. As a newbie, it is important that ypu identify yourself with your local board, because it will enable you to learn in your local language which might help you understand topics being discussed in the forum faster, and it will also make you grow faster, especially those people that English Language is their second language. Local board will make you also have good contact and have new friends from your country because, life doesn't end here in bitcointalk, since nobody knows tomorrow. Although, there are some countries that Theymos hasn't grant their request to give them their own local board, that shouldn't discourage you from posting there, because it is the number of people in a local board and how active that sub board is that will help to speed up the provision of your own local board. On the forum home page, if you scroll down, after alternative cryptocurrency, you will see where the local board is, scroll down to see if your country is also written there and if not, it means that your country hasn't been given a local board yet but you can also look for your country here Other languages. Bitcointalk is open for everyone in the world, so you should also enjoy posting in your local board here. This is the advantage of a local board, a member got most of his merits from his local board, and got to Full Member rank.  |
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Exposing your means of income depends on whoever that you are telling and it is your choice of mind. Telling people to invest in bitcoin doesn't mean that you are exposing your means of income to people, because bitcoin is not a get rich quick scheme. The problem lies if the people will be patient enough to understand how bitcoin works before investing in it.
After investing, another thing is for them to be patient with their investment for it to ripe for profit taking. He only take person wey understand all these to use him happy mind invest for bitcoin. I have told so many people of bitcoin but they keep on procrastinating because them see say the period we you go use make profit too long.
OP, make you no also forget say my means of making money fit no work out for the other person. Na everybody dey prepare down for the bull run by accumulating and holding their bitcoin, but no be everybody to make profit from the bull run, because some people go dey wait for the price to over high and before they will know it, the bull market will be over.
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Saylor is a business man abs he is using bitcoin to store his funds from depreciation, this is why he keeps on buying bitcoin at lump in different period if time. What I like in his accumulating strategy is that he always buy at the right time, just like he bought now that the price is 27k according to the information. I don't also think that Saylors bitcoin purchase will have any big effect on bitcoin price and I wouldn't also say that the little change in price was based on his purchase, because for sometimes now the price of bitcoin has been fluctuating within 26k+ to 27k+ I still have questions about his use of MSTR's money to make the purchases--but the shareholders don't seem to mind as much as I thought they would, so presumably there's not much of an issue with that.
He is a business man and I don't think that the shareholders will say anything on his high purchase of bitcoin because they are all bitcoin lovers and the have seen the potential that bitcoin has. What all investors care about is profit, as long as the profit will come they wouldn't care. |
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I am still young at my late twenties and if I can DCA for ten years from now without selling, I believe that I will have a significant amount of bitcoin, which this I will try to achieve because I want to make bitcoin be part of my life since I believe that bitcoin has come to stay and it is worth investing in as an assest.
If you consider Bitcoin as part of your life, you will have to depend on Bitcoin all your life if you only have Bitcoin, and that doesn't mean you won't sell it at all for 10 years. I mean, make Bitcoin a goal to help you in various stages of your life. Is there anyone who invests all their earnings in Bitcoin only? I don't think so. You are correct if someone invests only in Bitcoin and doesn't invest in anything other than it. Then, they will have to rely on Bitcoin only. But who does this thing? Investing all your earnings only in Bitcoin is a crazy idea. If someone saves a thousand dollars, I would suggest they invest only 10 to 20 percent of their savings in Bitcoin. This is not too low and not too big. If someone invests a significant portion of their income and does not have other savings, they won't be able to hold it for a long time. They will have to sell their Bitcoin for emergencies and even daily needs. So, make it like you don't have to touch your Bitcoin. I've seen some people claim that all their assets are in bitcoin, they don't trust banks, don't hold fiat, and I think that's a bad idea. It's not something to brag about and it doesn't make us stand out from anyone else. You're right, if they put all their income into bitcoin and don't have any savings or fiat for emergencies and daily needs. They will soon regret that bad plan. Whether we like it or not, fiat money is still the world's main currency, we will not be able to live without it. What I mean, in that statement of making bitcoin to be part of my life means that I will always have a bitcoin investment even at old age. There will be no time that I will not be holding bitcoin, just like the way that we must need fiat to survive because it is a necessity. Bitcoin is not a necessity but it is worth holding and to be pass on to our heirs. This was why you guys are getting my point wrong, I wouldn't only have bitcoin as my investment but I will also have other investment around the corner, so that I don't end up shattering my will. Emergency funds and other funds for up keeping must be among the budget for me to be able to stay off from touching my bitcoin investment portfolio. so that you could still survive without your cryptocurrency investments, in my experience that is the trick so that you could easily HODL your cryptocurrency in long term.
Not all cryptocurrency can survive the long term and is worth holding except only bitcoin, because of its great potential, which we have seen from history. Most cryptocurrency are shitcoin and they can mess with your funds, and you will run at great loss just like what @JJG said, be used to the word bitcoin and not crypto, and let's be specific. |
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The English Premier League game between Arsenal and Tottenham Hotspur has already kicked off at the Emirates stadium and both teams are yet to score despite the early goal scoring chances in the game.
As promised, it's been a very tight game as both teams are trying to break each other's defense and from what I've seen so far, it's still very difficult to predict the outcome of the game. The two teams were unbeaten I'm the league before the start of this encounter and would still keep that status of the game ends in stalemate but I doubt if it'll finish in draw.
For the Gunners, the consistency over the previous matches have been impressive. This is the path to take. It's not just how many goals you scored, but also how well you read the game and pass to others when they have a better chance of scoring than you. This team will then have a better probability of winning. What a superb finish, after he got the pass from Madison in the middle of three Arsenal plays has equalise the goal for his club. Madison super move was an amazing one has he was able to spot Son and play the ball direct to his leg for a superb finish. The game is on the extra time of the first half and I don't think that there will be anymore goal till in the second half. This is quite a challenging game for Arsenal as they need to put in more effort in the second half, if they want to win the match because Tottenham has become a tough side. Arsenal 1-1 Tottenham. |
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As I already stated, I don't consider sentiments to be a very good thing to attempt to figure out what to do and/or how to attempt to maximize the amount of bitcoin that you are able to accumulate without getting mislead into some baloney mumbo-jumbo that may or may not be correct... so you may well not end up accumulating more BTC because you end up getting your measures of sentiment (or whatever people are telling you about sentiment) wrong.
Fuck sentiment. It is not that helpful, even if you believe that it is.. and even if you want to strategize your BTC accumulation approach what you believe sentiment to be.
You are very correct, and I also hate the sentiment thing because, it will make you not to have your own strategy that will be flexible with the price of bitcoin as it goes up and comes down. and deprive you from accumulating the number of bitcoin that you want fast. It is better that if one wants to accumulate bitcoin within a long period of time, the DCA method will help that person to stay more focus and well prepared towards accumulating and this plan can be achieved. But when sentiment is involved, it will become a distraction and that will make one lose focus towards his goal. |
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your topic you was talking about sending money to the wrong address and this did not happen in the case of Paxos, but rather the error was in the transaction fees, which is something that will not happen in most good wallets because they will give you a warning that you are paying more fees than required, so the example here is misplaced.
Yes, you are right sir. I just used as reference to show that mistakes can happen along the line, when making our transactions that can lead loss of funds, since this story is the latest transaction that was done unwilling. Three days ago, I mistakenly sent $30 dollar worth of bitcoin to a wrong address due to rush and not rechecking the address again. This was why I created this thread base on my experience, so that forum members wouldn't make the same mistake I did. https://cointelegraph.com/news/one_user_accidentally_sends_520_000_in_btc_to_wrong_wallet this happened nine years ago and it still happens to bitcoiners, but we wouldn't know if the sender don't scream out. |
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Emergency fund is not recommended for investing in bitcoin but no bad to use it because put emergency fund in bitcoin have potential in the future price keep increasing than hold in pocket only, not really difficult for withdrawing emergency fund when saving in Bitcoin due put or hold in exchange wallet.
This is a wrong way to go about emergency funds, emergency funds shouldn't compulsory be in bitcoin but fiat, so that it will be very easy to have access to. Any funds that has been used to buy bitcoin should always be in bitcoin. It is not a good practice to leave funds in exchange which shows that you want to gamble with your emergency funds, which should be properly kept. What is the price of bitcoin drops drastically, it means that your emergency funds in bitcoin will depreciate, another worst scenario is that if the excahnge in which you keep the funds crash, this will be the biggest regret, because you will end up selling your bitcoin at a price that is not of your will. Remember we are looking at how it will be possible for one to hodli for 10yrs without selling a dime from your bitcoin. my opinion better put emergency fund in bitcoin investment
The only time that is is wise to use emergency funds for bitcoin is when the emergency dunds has pilles up to an extent that, you know that no matter the level of emergency that occurs there is more than enough to take of it. You can then use some part of youe emergency funds to invest in bitcoin. It is also not a most that we will have emergency all the time. |
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This is just a reminder to everyone in the forum from newbie to legendary, that we should be very careful and not be in a rush when we want to make bitcoin transaction, we should be patient enough to go through the bitcoin address that we are sending the money to, and to make sure that it is the right amount of bitcoin that we are sending, over and over again. The transaction fee should also be re-checked, so as to avoid any expensive mistake that can lead to the loss of your coins. If you mistakenly send your bitcoin to a wrong address, it means that you have lost you bitcoin, because there is no way that you can get it back, if the bitcoin was sent a a noncustodial wallet. If it was sent to an exchange, you only have very slim chance of getting it back. An example is recently we heard how Paxos over paid $500,000 transaction fee to move $2000BTC due to bug. https://cointelegraph.com/news/paxos-confirms-responsible-for-500k-mistaken-bitcoin-transaction. Which F2pool has accepted that it was there pool, but I don't think that F2pool will refund back all the funds, because such transactions rely on the goodwill of the miner to refund or not. Let us try not to be in a rush to make transactions as we might end up regretting for a long period of time instead of using few minutes to glance through the transaction again. Paxos was lucky that the money was refunded because it was the mining fee which can be traced to the minimg pool, but when it is the wrong address, it becomes more complicated. |
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As I've said earlier, investing little in BTC now won't give you a tangible profit when the profit comes but its advisable to invest 20- 40% of your capital in my opinion
As a newbie, it is better that you invest with the money that you can afford to lose, so that you wouldn't be worried about the price movement of bitcoin, and you should invest for lon so that you will be sure that you will get a little profit base on the size of your invstment. DCA should also be done with a small amount from your income so that you don't buy bitcoin with your emergency funds and end up selling when bitcoin price goes below the amount that you bought. Bitcoin investment is a risky one, this is why you don't use big capital that you will need in the short run to invest, because it is not a get rich quick investment. Anyway, it all depends on your cash inflow and the responsibilities that you shoulder, that will determine the capital that you will use to invest in bitcoin. Personally, I only invested with the money that I don't need for a long time. |
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Thanks for this reminder mate, because I notice that some traders in CEX are there to scam people through the exchange. I have witnessed a p2p trader in Binance that called my friend to release the crypto, when he hasn't paid the money into my friends account, and when my friend checked his account and he didn't see any funds, he called the guy back and this guy was claimimg that he has sent the funds.
Behold, it was after two hours when the buyer has seen that my friend hasn't still release the coins, was when he called back and said that it was bank delay and that he wants to use another account to credit him, after two minutes, my friend got an alert of the funds. This was when I learnt this lesson that no matter how the pressure is, you don't need to release your crypto until you have confirmed the funds in your bank account. Thanks for your advice mate.
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Bitcoin was created as an alternative currency to give finacial freedom to people through p2p payment system, where a third party is excluded in carrying out transactions, due to its decentralized nature. Bitcoin enables users to be their own bank and safe users from bank fees and taxes.
The most interesting aspect of bitcoin is that it has gone beyond the purpose of which Satoshi created it, as it has been used as a store of value due to the fact that it is am hedge to inflation. Most people now take bitcoin as an investment due to the volatile nature of bitcoin. Satoshi never planned all these for bitcoin.
But as time passes by, people started to see more potential in bitcoin.
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Mt. Gox trustee extends repayment deadline to October 2024.Mt. Gox Rehabilitation Trustee has once again extended the deadline for repayments to its creditors.
The bankrupt crypto exchange has changed the deadline of the Base Repayment, the Early Lump-Sum Repayment and Intermediate Repayment from October 31, 2023 to October 31, 2024.
However, the latest update on Mt. Gox website notes that the rehabilitation creditors who have provided the Trustee with the necessary information will receive repayments in sequence as early as the end of this year. No Problema!!!! I am both student and teacher, and I give myself a one-year extension to turn in my homework... and next year, I will do it again. It does "seem" that they (referring MTGOX trustee.. don't kill me) are making progress, but geez, I thought that it was getting closed to being paid out in 2021.. so that would have been a bit more than 7 years, but now we are going on 10 years.. from the shut down of the site.. in February 2014. If they pay out they can't keep using it to fud the price down. Good point. However I could also imagine there being some legal battles going on in the background we don't know of. btw, has China allowed Bitcoin to be able to ban it again? I feel like I am being played. Is that a rhetorical question? btw, has China allowed Bitcoin to be able to ban it again?
I think yes they have banned it once again this September. I'm pretty sure that such ban was imposed only to promote the CBDC that they're going to release. We don't really care much about China's bans on Bitcoin and crypto-currencies these days because it is a common thing for them. Great!! At least "someone": a) knows what is happening in the world out there relevant to china and bitcoin and/or b) did not give Gachapin "the run-around"  btw, has China allowed Bitcoin to be able to ban it again?
The possibility of such a thing happening again because it is said in some news reports that Hong Kong opened a crypto exchange license ahead of retail trading and it has been supported by China even though we know they are one of the most vocal countries against crypto especially for bitcoin. On the other hand there seems to be another intention because we know from several cases that occur when China moves in regulation then they always do the same cycle when the legalization then what happens afterwards is to ban again. but btw even though China has banned crypto, they are still one of the countries with the largest cryptocurrency market in East Asia in 2022 even though there is a ban there. https://www.scmp.com/tech/policy/article/3196781/chinas-cryptocurrency-market-still-among-worlds-strongest-despite-beijings-crackdown-trading-miningWhoazza!!!!  Now here is an even more substantial and seemingly serious answer that is actually "taking [Gachapin] seriously" #nohomo, I hope.That's gotta be worth something? (please note, this here question is a rhetorical question.)China suffers worst capital flight, as their capital outflow reaches $49 billion in August. The Chinese Yuan weakens. Chinese investors might have no option than to put cash inflows into bitcoin. https://cointelegraph.com/news/china-capital-flight-could-it-pump-bitcoin-analysts-weigh-in |
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Investments, especially DCA, should be budgeted in advance from our income and must distinguish which one is used as an investment and which one is used as an emergency fund, do not let it be equated because in my opinion the calculation becomes a little troublesome if it is equated and can interfere with each other's needs both in investment and emergency funds that are prepared.
Lack of preparation is what will make an investor have problems on what fraction from his income that he will assign for regular DCA. It is not a healthy practice for one to equate his emergency funds and investment funds, especially when you are investing in bitcoin. It is only someone that lives where everything is provided for him, that is when you can think like that because you have less expenses, but still you will need an emergency funds to take care of some personal things, like if you have a girlfriend, going to have fun and so on. It is expected that our emergency funds should be higher than thye one that we are investing so that they will be no ugly suituation that will make you go and sell from your bitcoin that you are buying, this shows that you are ready to continue using your DCA pattern to keep on accumulating till you get to your bitcoin target. We need cash to survive and we need our investment to grow for a better life in the nearest future or at old age, this is why there must always be a reserve of emergency funds to take care of whatever should be taken care on, your investment can keep on growing as you keeping on DCAing. Lump sum buy bitcoin one time and then completely forget it for 20 years.. that's pretty inactive and it might even give that person a lot of peace of mind to just not think about bitcoin for 20 years or whatever might be his/her timeline.
Don't get me wrong. I do think that DCA is the best for an overwhelming majority of normies.. but people are surely free to choose their own variation of systems and even truly/sincerely believe that it is better for them.. and perhaps they are correct in terms of their personality and/or their financial circumstances.
I understand what you mean, because as long as you are happy with how you invested your money in bitcoin, and holding your long, you will be peaceful because you know that you will make good profit at the given period of time. What I see in the DCA pattern, is like you said the active buying of bitcoin, no matter how long it takes you to continue buying, maybe ten years or more. Another reason why I like the DCA method is that it create room for you to see reason why you need to increase your bitcoin portfolio from your initial bitcoin target because, you will become use to assigning a certain amount for regular DCAing, which will become part of your weekly, or monthly practice. DCA will also give you a proper insight of bitcoin market for you to come up with a strategy on how to be flexible with the market, irrespective of the price of bitcoin, as long as you keep on accumulating. For instance, an investor can come up with a DCA strategy, that if the price of bitcoin is at 20k-25k, he will use 20% for DCA, at 26k-30k, he will use 15% and at 30k up, he will use 10% and so on, because he has a fixed amount of money assigned for DCA. While people who buy at dip, don't have much practice in their buying, just only to follow news and keep on expecting for the dip, that they don't know when it will come, or the people that buy at lump will only buy once in a while based on when they have accumaulated enough cash that they feel it is time for them to buy again. |
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Arsenal is playing like Arsenal again. Finally they see Champions League again after all these years and I can say this is definitely a great start. Saka, Trossard and Jesus all scored in first half and Ødegaard scored in second half. That shows us how great Arsenal's offensive power. It was important to start with 3 points and they started great for this group. I believe they can advance to next round from this group being in the first place. They look very good on the field.
Today's game was a work over for Arsenal as they played with a very weak club. I am not surprised at the result of the game because I was expecting such result. I must say that Arsenal took all the advantage they had over PSV to win the match impressively. On the other hand PSV lack the experience on how to overcome challenges and they couldn't score a consolidation goal, so that let it be that they scored a goal. Arsenal doesn't have much challenges in their group and it is certain that they will qualify to the round of 16. |
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