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Bitcointalk Usermane: Troytech
Blackjack.fun Username: Troytech
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The forum really offers a lot from knowledge about bitcoin to even monetary services, you have done well with putting this up Together, i knkw there are some newbies that might have been thinking of ways to earn off the forum and bounty might be a good place to start.
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I hardly relate with your saying every time a new halving occurs bitcoin hits a new ATH and that has happened every time since the history of bitcoin, yeah bitcoin halving is an event that marks the time which the reward for minner would be cut in halve and really has nothing to with the price of bitcoin but it has been that way since the beginning.
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That's just an assumption in my opinion cause bitcoin would always have big investors coming g into it, but if that were to happen I think bitcoin would continue with the power of retail investors and might take longer for big price changes to occur, but I don't see that happening cause bitcoin still remains a main asset for many big players and its still very early, a lot of whales are still trying to dominate or want to control the market hence there are still very interested in buying.
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I don't really know when it comes to altcoins I'm more profit enclined and would go for any one that is doing well but that doesn't include stablecoins, why should I buy them except when I want to trade and avoid paying high gas fee, I would use tron mostly.
But come to think of it there is ons that I've never bought and that is usdc I just don't see the reason for having another stablecoin pegged to dollar and its mostly on 0.9999 instead of 1$ like tether
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If i were you I would belive only my own opinion cause no one would be the risk of investing for you, I your responsibility to do your own research and figure out if they would be a scam or not and even as at that I won't advice that you should go into meme coin investing cause they are mostly scam or have a poor team behind them, why not take that money and DCA into Bitcoin, it's better to have little bitcoin than to have nothing.
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That's quite the experience a lot of persons are skeptical about anything online transactions especially older persons, this means that education can do a lot of opening up people to a whole new world that they woudl not have accepted on their own, most people that are afraid or skeptical about bitcoin still don't know what it is and if anyone would be kind enough to explain what it is to them they might want to give it a try.
I can remember when my mom woudl never accept transfer for any reason but after I had told her that she can use opay bank or palmpay for seemless transaction and she doesn't have to worry about going to the bank or someone deceiving her with fake alert cause they transaction speed fast fair and transparent, she decided to use it and still does till date.
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The thign about investing in altcoins is that there are a lot of alternatives to chose from but you need to be also careful cause a lot of them are scam projects or have very little potential for growth, its also quite difficult to identify which altcoin is better or is a good seed amongst all the others, so here are some ways you can identify them,
1. Check which exchange there are listed on: for me this is always my first step cause, this way I'll know if ots worth doing any research on and most coins listed on top exchanges have good potential cause its cost money to list your project on an exchange like binance, so when I check and see a good exchange, I can go further to ro more research.
2. I check their team and try to find out how long there have been on board. I prefer to invest in new projects cause you habe more chances getting something from them.
3. Invest what you can afford to lose: in the sea of altcoins the only truth is you can not predict what would happen so its best you approach wisely and don't let greed make you regret your actions.
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Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profileCurrent amount of posts (including this one): 608 SegWit (preferably bech32) BTC Address for Payouts: bc1qhjyctzunvlsfntxrr6rmd4ger2fz4acrqx9rtl EARNED merit in the last 120 days: 123 |
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Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profileCurrent amount of posts (including this one): 600 SegWit (preferably bech32) BTC Address for Payouts: bc1qhjyctzunvlsfntxrr6rmd4ger2fz4acrqx9rtl EARNED merit in the last 120 days: 119 |
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Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profileCurrent amount of posts (including this one): 600 SegWit (preferably bech32) BTC Address for Payouts: bc1qhjyctzunvlsfntxrr6rmd4ger2fz4acrqx9rtl EARNED merit in the last 120 days: 123 |
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I must say I was a bit impressed with United performance today and I think it was a well deserved victory but they didn't deserve to actually win a trophy this year so that's kinda meh. Also , this trophy won't save this season because no matter what and I also don't consider ten Hag position being safe at all but the next 2-3 weeks should tell us more regarding who will coach United for next season.
City basically forgot how to play football in first half and when second half started it was already to late to make a comeback because United were in great shape today.
Not too surprised, as I said yesterday on paper, Manchester City is indeed the favourite but the FA Cup is a different competition I mean competitions that often give surprises and today we see it. I agree with you that Manchester United took advantage of the first half and fortunately in the second half Manchester United was able to withstand Manchester City's attack. Regarding Ten Hag, that's true maybe this trophy can't save him and I think he will be kicked out soon he couldn't have given Man United a better place., there isn't even a single ticket to the Europa League competition yet. I would say for sure that that was surprised that man United despite their weak form could hold their own against man City in this fa Cup final, to me city despite their good performance could only get the premier league trophy for themselves, we can all agree that their performance this season was exceptional but I guess luck wasn't on their side, their loss in the champions league was something unexpected since there were undoubtedly the better side but lost in penalties shoot out. Man United couldn't get to Europa this season but at least there were able to get a cup for themselves and that still proves that they are still among the big 4 of the premier league. |
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[edited out]
Perhaps you're probably correct, about your assumption that how much of your discretionary or disposable income is what determines how much you should invest rather than how much you earn, but I'd like to point out to you @Tmoonz that you're wrong from a different view point; bitcoin investment is not a default option in which you must invest what you have at your discretion; it's an important choice that should be taken seriously. It seems to me that sometimes folks get their investment into bitcoin wrong because they might prioritize it beyond their considerations of their disposable income.. so then they get into trouble. Sure, there is no problem prioritizing your investment into bitcoin, but it still has to come from your disposable income rather than some abstract decision to buy $100 per week of bitcoin no matter what - and then you end up not even having enough to cover your expenses or otherwise putting yourself into a predicament that could have had easily been avoided with a tad bit more appreciation regarding your budgetary (and psychological) balancing considerations. Perhaps the word beyond and/or over definitely will put one into some kind of trouble for doing whatsoever whether investment or any kind of thing as long as it takes the extra ordinary it could lead to some kind of predicament but in terms of investing in bitcoin, I do not agree with some folks point of investing the left over of their income into bitcoin which is in disguise put into the word disposable income whereas what they mean is absolutely an unacceptable view of investment in bitcoin to be basically from the fag end of ones daily, weekly, and/or monthly expenses which at the end might end up being some kind of garbage amount that could be less than what is necessary for an investment. But that as it is doesn't mean one should prioritize bitcoin investment to a psychological end of being inappropriate but take it as a necessity. You are still struggling a little with what a discretional income is, investing from our discretional or disposable income doesn't mean in any way that we are neglecting our investment in bitcoin and doesn't mean that its some kind of left over or little amount. A discretional income is what is left after we have taken out the money for our necessary expenses, I think i already gave you an illustrative the last time but I think I'll have to start all over, Mr A is earning a 1000$ and lives in a small house with little bills to pay, so after he has taken out his necessary bills and expenses he ends up with 500$ in his discretionary income and can decide to keep an extra 100$ for floats and invest the rest into bitcoin on a weekly basis and this is achieved because he has little expenses to make and hence his discretionary income is bigger after he has removed the necessary expenses. Mr B can also be earning same amount and has a higher expenses based on the kind of house he chose to live and lifestyle he has so he winds up with only 300$ as a discretional income after after his expense and decides to keep an extra 150 floats for enjoying himself and invest 150$ into bitcoin. So in essence the discretional income is determined by how much of an expense the person has and how much he can avoid out of his income, and at same time it's also possible that the person can chose to favour other things than bitcoin investment with his discretionary income. |
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I can relate to that, you would see a lot of post that are completely generic as tho the writer didn't think it through, some just repeating words that were already in the topic maybe just to complete their post slides.
It's good to take your time in reading and understanding the context of the topic before giving the response cause most people rely on the forum for quality information and it's best to honour the forum by giving them that, if you have no idea about something then you should skip and go to another topic that you have knowledge about, it's not a must to reply to every post in the forum.
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First and foremost, how can someone have emergency funds if they didn't earn enough in the first place?
Nowadays, most people problem aren't money management, but it's how to earn enough money every month. If people already learn a lot, I believe they will have some amount of money that they didn't use, so they will learn to save money. If they have save a lot money, they will learn how to invest etc.
I'll prefer you stick to the topic, I don't remember offering solution to having extra income, having emergency funds is crucial for everyone to practice, there is nothing wrong with keeping some funds untouched to cater for unforseen events, the problem for most is not even how much they earn but their high spending habits and they forget to keep some savings available, why i wouldn't disagree that they are sole sole have very little income, you must also understand that everyone likes an excuse to escape reality. The truth is if you keep no money for unforseen events when it comes you would either borrow or get overwhelmed by that situation, so either rich or poor everyone can afford an emergency funds cause its relatable to your finance. If I am earning only 50$ a month I can decide to keep 5$ as an emergency savings, there is very possibility that emergency won't arise every month so by the time it comes I'll be more than prepared with my savings. And I'm sure that there are some that are earning low that are already practising keeping an emergency funds available. |
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They will have to swallow the hardest pill because soon they will come to realize that no man is an island, and they need someone's help.
With that, they will humble themselves to the friends that haven't tolerated them but instead given an advice on how they should deal with their addiction.
And saying that taking a loan for gambling is never been a good thing and it only going to cause more problems to their personal lives.
Yes, for gamblers who are greedy and addicted, their lives will definitely suffer because of the consequences of their wrong thinking patterns and behavior, and they immediately regret it and realize it when it is too late, namely that their lives often have problems continuously and they are unable to solve these problems quickly. Only then did he try to ask other people for help to ease the burden of problems in his life. But will the other person want to help him because previously he was just ignored? obviously this is not possible. It is clear that borrowing other people's loans is not recommended for gamblers and this should be avoided as much as possible by gamblers. Well even I still believe that greedy gamblers can be saved, many people just have repulsive attitude towards gambling and their first instinct is to chase their loses when they feel they are losing, the solution to this is bankroll management, bankroll management can help even the gambling addict manage himself and his personal finance without having to result to extreme solution like borrowing extra money to gamble. But the issue is that some persons won't listen and would only focus on playing more games, I've even over heard someone saying that someday would be his turn, so instead of stopping his continues gambling habits he uses the excuse to continue. Borrowing money to gamble is not right and it's a sign thar you Don't understand money or respect your financial health, cause gambling is risky and is uncertain, its wring to borrow to gamble cause if you lose the money, you just got a debt to pay. |
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Firstly we all know that some countries laws prohibits younger aged from gambling and its illegal to involve in such, but the question is how does this online casino act with respect to this law, we alk know that anyone can open a gambling account in any online casino and fake their age and noome would know or stop them, IMO they is no way to actually stop younger ones from engaging in such activities unless online casino would provide strict ways to stop this activities from going on.
I also know about how some gambling shops allow underage teens to come into their shops and play games and most times I've seen some teens lie about their age just to get into gambling shops and play games, so if this cannot be controlled it calls for an education about gambling and the risks involved, why I propose this is cause children mostly want freedom and to do want they are told not to, so instead of placing restrictions alone, let them be educated about gambling and its risk. This way we would have less teenager's jumping into gambling.
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. Yes the most important thign is getting started, but at least I know that a newbie needs to know how to buy bitcoin and how to keep his seed phrase which are very basic knowledge that can be learnt in hours, but you on the other hand are insinuating that someone needs to take time to study bitcoin and understand it well which is so not important that could take years to fully understand the working of bitcoin, you are also taking about knowing when it's the best time to buy, every time is the best time to buy bitcoin both bearish and bull alike and a newbie can easily do that with the DCA strategy which we have talked about here before DCA is a method that involves dividing your capital into parts and investing on intervals, you can also decide to allocate part of discretionary income to buying bitcoin as you are paid weekly or monthly., a newbie has less to worry about having profits at first but instead should be talking more about accumulating more Bitcoin for himself. A beginner doesn't have anything to do with understanding chart movements this are not Important thigns to know, you seem to be misunderstanding investing for trading cause all your examples point to trading rather than long term investment, Before going into Bitcoin investment, it is important to understand how it works, knowing the basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means and how to protect your wallet from hacks, also how to secure your seed phrase, this basic knowledge will prepare a newbie investor on how Bitcoin works.
I like the phrase "buy the dip and hodl" it will direct newbies and experienced investors on the best time to buy Bitcoin, so that the person will not wait till another halving, to see a new ATH price, before they can make profit, buy during bear run and sale during bull run. So the best time to buy is when price dips, and sale when price surges, also the best option is to do DCA method, keep buying irrespective of short term pump and dump, then sale in the bull run or kee hodling.
Your wrong a newbie doesn't need to know what triggers price pump or dump, all he needs to know is how to buy bitcoin to get started, I can agree that a newbie can be conservative on how he buys bitcoin since he isnt very knowledgeable on how to balance thigns out, but any advice that involves waiting is wrong, every other aspect can be learnt as continues his investment. Your second paragraph contradicts itself, there isn't any best time to buy bitcoin, every time is good to buy bitcoin especially for newbies who are just starting out, they don't need to wait for dips dip before buying that's why DCA strategy precedes other method for newbies. Your also referring to buying low and selling high, that is trading and not investment, bitcoin investment should be for the long term and not short term. |
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Having a good knowledge when it comes to Bitcoin accumulation is actually good and nice . But not accumulating due to the urge acquiring more knowledge is not actually nice , for instance most of us started our Bitcoin accumulating and holding while learning, and the funny thing is that we are still learning. So what am saying is that we don't have to wait till we have gotten some deep knowledge about Bitcoin before thinking of investing and all that. But one can just start accumulating without having the knowledge on how Bitcoin work and what's all about , and how to purchase and secure it , that's where having the basic knowledge first comes In .
And I believe that they are alot of folks here with that same mindset of wanting to gather some deep knowledge about Bitcoin before starting their Bitcoin investment journey, and most of them will only endup regretting not starting their accummulation and holding on time , Because the right thing to do is as one is accumulating more Bitcoin, as same time he or she should focus on learning too.
Things you don't need to overlook before going to bitcoin investment is have acquired the knowledge first, when you are curious to accumulate bitcoin, theirs is possibilities that after accumulating your bitcoin the price might neither crash or not , that is while you need to have standard knowledge of bitcoin before you think of accumulating of bitcoin, some persons seems how skyrocket the price of bitcoin is moving now and that prompt them to think that investing in Bitcoin is the right option...bitcoin investment is not the way someone can get rich and when you are investing In Bitcoin you have to calm down and study well, many people come up with bad idea in bitcoin due lost they experience after been lose in bitcoin investment neither short-term or long-term investment. Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly. |
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