In my opinion, fate is the same as luck, if luck is on your side at that time then you will have good luck, I mean getting luck not only from gambling, and if your luck is in gambling then your luck will get a win and it could be a win which is big, but if you don't get luck, you won't experience good luck until luck is on your side and we also won't know when luck will be ours and usually gamblers wait for luck the same as waiting for good luck will make them win the gambling.
Fate is the fate that we will experience in the future, whether bad fate or good fate that is determining our future fate and everyone certainly wants to experience a good fate and luck is determined by fate itself. If we are destined to be successful then we will one day find the path that will lead us to success, but the path to success is not always by gambling, but if we are destined to be poor, no matter how much we try, we will not be able to change the fate that has been determined.
Luck is more than rolling dice and hoping. Its crucial to smart decisions and winning. People are thrilled when luck is on their side and enraged when not. Missing the point. The best gamblers are smart, gutsy, and game-savvy. They use luck to their advantage. Success and fate are similar. Sure, fate may gift you good cards and chances. What you do with those cards matters. Play the game and make your own luck. You must be knowledgeable, know the odds, and know when to hold and fold. Gambling is mostly based on luck and if you are the lucky time, you will win good amount of money. I believe that some person destiny is in gambling and the moment the start gambling, they will hit it big. While some persons don't have that luck in gambling so each time they gamble, they only win very little amount of money, but have never won big. I am referring to myself, because I only win little amount of money and lose more. However, I am gambling for fun and don't believe that my destiny is in gambling. |
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From what I understand what is bet is, both parties involved most stake something so that whoever losses will have to miss something. If a bet is only on one person, I will not call it a bet. The casino or sport bets that we use for our staking activities have a lot of money in which we can win, and it is because of this money that is making a lot of people to gamble, because if you win, you will get paid and if you lose, the casino keeps your money. So betting only on one side shows a sign of unseriousness a joke to me because it is only the bettor that will lose. Sometimes, those kind of bets are done orally, and should not be taken as a bet. I have not involved in such game because I feel it is cheating, because I know my friends they will definitely want you to do whatever you said. Will I call such a promise or something.
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Knowing basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means
A new beginner that wants to start his bitcoin investment as a no coiner does not need to know what triggers the price of bitcoin to pump or dump because it is impossible for anyone to know what will happen in the future as different scenarios and government policies/regulation and unforeseen circumstances can play out tomorrow that will affect the price of bitcoin to pump/dump. This is why that is useless. Also knowing about bitcoin season can be learnt as long side as investing. A new investor should start investing immediately, he has the money to do so, this will enable him accumulate more bitcoin and at the same time acquiring bitcoin knowledge. This is because he is investing for a long term in which he has all the time to learn more about what he is putting his money into, and he will not be faced with any challenge of running at loss because he will not be selling but only buying. What he needs to know is how much he needs to use to DCA constantly every week or month from his spare cash after he must have taken care of all his needs and expenses monthly. The reason of investing is to grow that invest and build it up to a level that they investment will start taking care of you, and that cannot be achieved immediately, it will depend on when you started the investment. This is why delay is dangerous, and acquiring unnecessary knowledge as a hodler who is on a long term goal will not help you reach your bitcoin target quick. So the best time to buy is when price dips, and sale when price surges,
A new beginner on his bitcoin investment journey does not have any best time to buy, because he is a no coiner or low coiner, he must keep buying regular consistent and persistent in order for him to be able to grow his bitcoin stash to the maintenance level overtime. It is investors who are in their maintenance stage or have almost reached their maintenance stage that buying at the dip is the best for them, because even if they DCA with little amount regularly, it will have no significance increase on their bitcoin stash. Remember that it is hard to know when the dip will come. So the best time to buy is when price dips, and sale when price surges
Why are you planning to sell due to little surge in price or are you not planning to hodli for long term, because it is only when you hodli for long term that your portfolio will generate a good profit due to the compounding effect of your bitcoin portfolio. Investors that sell too quick ends up in regrets and lamentations because you might not be able to buy those bitcoin that you have sold at the same price in which you bought them 4 years ago. |
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The consequences of irresponsible gambling is very high and it can make the addict look unkept like someone insane. This is why as a gambler, you should be able to have prevention measures on addiction in order to gamble happily and enjoy the fun in gambling. I agree with every points that you highlighted, but the problems lies on the people who see gambling as a means of making profit, and they will go at extra miles to make sure that they continue gambling even though they are running at big loss. Such people needs to quit gambling and go on a long break, if not they are doing more harm to themselves. If most gamblers can key into the rules of gambling and only gamble for fun, we will have less gambling related problems in the society.
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IMO, in the world of crypto currency, if you have decided to make any of those coins a am investment for you, you shouldn't put more than you can risk on any of the coin, Bitcoin or no Bitcoin, no investment should take more than half of your salary. Investing on Bitcoin with more than half of the money you are being paid as salary is a good sign that the investment will not last long. There are days when some tangible expenses will come and if you don't have money to package those things your investment will crash.
The percentage of your salary that you are putting into bitcoin does not really matter if you are being too aggressive or not. It is your discretionary or disposable income and you monthly expenses and needs that will determine how aggressive one can be. If you have a good size of discretionary income after making sure that you have taken care of your monthly needs and expenses, you can use part of the left over to build your emergency funds and use the other part to invest in bitcoin. People that buys bitcoin aggressively are those new investors that are late to bitcoin but they have enough discretionary income that after buying bitcoin with some parts and saving some parts in building their emergency funds, and they still have a good amount left which they don't use till when they get paid again, such idle fiat can be used to buy more Bitcoin Aggressive buying gives an investor the opportunity to accumulate more bitcoin than someone who is buying bitcoin without being aggressive. It is good to buy aggressively but don't over do it if not it will be that you are gambling, because when an emergency arises that if way bigger than the little emergency funds that you have, you will sell your coins to take care of such emergency which has killed the purpose of hodli for long and not selling, because you might sell your coins when bitcoin price is below your entry point and you will run at a loss. So it is based on your own discretionary income that will determine how aggressive you will be. |
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They will only get confused if they don't fully understand what they are trying to learn. But if they could able to have focus on certain things that need to take care first like learning on how to execute well the DCA method then after they learn that they jump on technical aspects on bitcoin movement then for sure everything will be aligned according to the efforts and planned they do.
going into learning the technical aspect of Bitcoin isn't necessarily for most newbies to be honest, as someone that's not all that old in the system I understand how deficult it was when I tried doing all the self study because I needed to get all things figured out before even starting but along the line I got to know that it's better to just start with a simple amount and then look for what's happening in the system and then do your analysis from there should you use a bigger amount. What I mean is this, instead of telling a newbie to get all too complex about knowing everything about the price movement of Bitcoin before investing, what happens if he starts investing with an amount that's as small as $10? As his DCA amount while he follows up the process and grows in his mental knowledge while still investing. If you don't find a comfortable point to start before getting all the complex knowledge, there is no possibility that you will eventually start at all cause it might get to a point where investing into Bitcoin might seems too complex for you and quiting might look like the only available option. Till now, I don't really stress myself about the Bitcoin chat that relates the past movement of Bitcoin price with what's obtainable at this moment. I only have to know that Bitcoin has grown over the years from almost a zero value spot to what it currently his at this moment and that it has a higher potential of doing better than it currently his at the moment at that's just the basics I need. maybe other important issues that relates to my security, the best wallet to use and other important concepts can come with these but I must not necessarily know everything before eventually starting. If they don't fully understand bitcoin and how it move due to market volatility then maybe they should not jump on the idea that its time for them to invest since they are so very raw and they need to learn more first since they have huge chance to get affected for certain unexpected movement which it can affect their decision making.
the only condition that will possibly make the person to get bothered about what you call an unexpected movement should be if the person is HODling for the short term or investing into an altcoin or meme coin. If the person is fully investing into Bitcoin with long term plan, what you call unexpected event which to me is same as saying "bearish seasons" are added advantage that can help the fellow to accumulate a good chunk of Bitcoin at that time. Yeah, it's necessary they understand that Bitcoin is a volatile asset and that by that, there might be occasional correction that comes while they HODL but those kind of information makes more sense when the person's already have some quantity of Bitcoin in his portfolio. The best thing I feel every newbie that's ready to invest into Bitcoin should be made to know is that they shouldn't invest into Bitcoin for the purpose of seeing returns immediately. As long as they have accepted to go with you for at least a period of 4 years without talking about the need to take out there asset, then you don't have a course for alarm regarding any kind of issues that comes along the way. Well said. Seeking much information at times can be misleading, what I prioritize is, all newbie should have knowledge about money management and what investing in an asset really is especially Bitcoin Market, choosing a strategy that they can abide by with a plan, you're set to go. As you said, having a long term view of the market and holding for at least one cycle 4-10 years this won't only help in the accumulation journey but also helping them see how far they went with there plan, strategy and challenges face with a new alternative to improve on the situation. The market is unique with opportunities everyday. A newbie does not need to know much on bitcoin before he can invest, if not he will waste his time learning and learning instead of getting started immediately. I believe that one of the basic knowledge of bitcoin is that you should invest in long-term only your discretionary income and should know the type of wallet that he needs to use to store his bitcoin which is a cold storage open source wallet and how to buy bitcoin with fiat. I believe that alone is cool for a beginner to start investing. He can learn whatever he needs to know along the line as he is investing. For any new beginner that already understands or do practice financial management which find it easy to start investing without a problem, especially people that are already used to saving some part of their monthly or weekly income in the bank over a long period of time base on what they want to use the money to achieve in future. Bitcoin investment is better learnt by experience in the market, because no one will teach you how to control your emotions when there is a price fluctuation, or the price dips. I will advice a new investor to invest first with part of his discretionary and learn at the same time on any part of bitcoin that he loves to know. Some people will not learn until they have involved in that investment because they want to know more about what they are investing in. Bitcoin knowledge is very broad and the price of bitcoin keeps increasing in value which makes it better to invest first and learn along the road of building your investment to take advantage of the current price of bitcoin. It is good that as a beginner in your bitcoin journey, you should use a small about for your regular DCA for maybe 1-2 years and when you have the confidence and believe in bitcoin base on what you have learnt along the line, you can then increase the amount that you are using to DCA. |
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I didn't understand anything from the Leverkusen game this evening. Atalanta made them look very ordinary. Atalanta acted like Leverkusen wouldn't score even one goal in the full 90 minutes. Atalanta is an Italian force with an attacking style that isn't typical for Italian teams. Imagine beating Liverpool at Anfield easily. Bayer Leverkusen was prepared for Atalanta FC but wasn't ready for Lookman, who saw through their defense.Leverkusen's charm has ended; they only performed well in the Bundesliga. I think Xabi Alonso became complacent. How can he start with six defenders, four midfielders, and no forwards? This was a tough lesson for Alonso from an Italian expert, and it will benefit him in the future. Congratulations to Atalanta FC.
Alonso ended the season with a defeat in the final, I said that the final is always a special match. And Atalanta showed that they are capable of beating both Liverpool and Bayer, and these victories were so convincing that there was no doubt who was stronger. And Atalanta became the team that broke Bayer's record. Bayer was lucky several times during the playoffs, but this did not happen in the match with Atalanta, I had a feeling that Bayer would have a difficult time in the final... Leverkusen oh Leverkusen, I lost my bet today because I was too optimistic about their win that I forgot that Atalanta had prepared an unexpected surprise. Without being able to score a goal back, it made me a little confused because Leverkusen's beautiful game was actually defeated by the Italian representatives. what I fear will happen, Atalanta will be the only club that has managed to break Leverkusen unbeaten record. Atalanta pride certainly makes other clubs feel flattered, especially Bundesliga teams who are unable to do this, represented by Atalanta. I think that we all underestimated Atalanta even after they win Liverpool 3-0. It was the same 3-0 that they dished out to Leverkusen in the finals. If I am not mistaken, it has been a while since I saw such number of goals in a final match. Leverkusen was heart broken as they were unable to pass through Atalanta defense, it is a pity that Atalanta was able to defeat them on their 52nd match of the season after winning Bundesliga unbeaten. |
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Yes, although in the past Atalanta and Bayer Leverkusen have met in the Europa League in the round of 16 but still, the past and current trends have a real difference.
The impressive run Bayer Leverkusen has endured this season makes it easy to assume they would be the favorites in this Europa league finals but, from the game play this far, that clearly would be a mistaken qualification of there play. From the kick off, Atalanta have been on the offensive, trying the most they could to set their play around the Atalanta goalkeeper’s box and now, they’ve got an early goal to show for all their effort. A no contest ball as the result of a cut back pass, straight into the part of Lookman. Even then, you can still find Atalanta asking for more, trying to ensure dominance by maintaining possession and control the game. Bayer Leverkusen needs to take charge of the possession if they hope to get anything out of this game. Lookman is on fire and he has scored the second goal to make it 2-0 for Atalanta. It is quite surprising to see how Atalanta was able to score two goals within 15 minutes, and Leverkusen cannot clap back. I don't see this as the Leverkusen that has being unbeaten in Germany. Is it that Leverkusen will do a come back in the second half and win the game or what. I want to see the magic that Leverkusen will do from now till 90 minutes. Otherwise, Atalanta have messed up their unbeaten record and also win the competition. |
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To have a proper plan on this maybe we should have a pie chart where we can separate our earnings into other things that we are considering on where we spend our money since if we have proper discipline on money for sure we can make all of things work out and we will not get any financial trouble if we follow all the plans we set. For doing all those discipline for sure we will be responsible on everything especially on each decision making we do. Keep making a good financial plan. Allocate all your money carefully. Create a priority scale for which ones should come first and which ones can be optional choices. Allocate exactly how much Bitcoin you can afford each month and commit to your allocation as best as possible. To further cut down the burden and not to see your investment in bitcoin as a financial burden on a monthly basis, you don’t need to allocate a fix amount on it monthly. When the month comes around, after spending on all you need for that month including other unforeseen expenses, you can now allocate what is left into bitcoin investment if at all there’s any after spending.Don’t overstress yourself when you can’t, bitcoin investment is worth it but invest what you can keep there without touching it to settle other necessities of it doesn’t warrant as your emergency funds should suffix in those moments for you. [/quote] It is good that you have a fixed amount that you use to buy bitcoin regularly weekly or monthly through DCA to enable you have a proper focus on how much that you will use to invest in bitcoin yearly and it will also be easy for you to re-access your investment to know if you are doing it well or you need to increase the amount that you are using to invest or continue with that amount. 10% of your income is good for you to use to invest in bitcoin regularly through DCA so that you will be use to using that amount a d it will also be in your weekly or monthly budget. This is why a proper plan and financial management is very important when you are investing in bitcoin. Before investing, you already know how much income you do have, and you also know your monthly expenses. It is from the left over after you have sorted out your expenses and important needs from your monthly income, that you use part of that your left over to invest in bitcoin and you should use a specific amount that will not add tension or stress you to buy using DCA consistently and persistently. Using the same amount will make you more discipline on managing your expenses amd discretionary income. If you are just using any amount that you like to buy bitcoin from your discretionary income, then it means that you will not have a bitcoin target which you can focus on accumulating over a given period of time. The time that you can increase the amount that you use in DCA is when your discretionary income has increase or you have saved and prepared for the dip when it comes. Buying with different amount might not make you too serious with accumulating bitcoin in a long-term and you will not be able the acquire a good amount of bitcoin compare to someone who is buying frequently with the same amount of money. You should also note that if you buy bitcoin with the same amount of money, you will not always have the same amount of bitcoin due to price fluctuation. |
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Betting and gambling do seem similar, but there's a small difference. Betting usually means wagering on sports, while gambling covers a wider range of activities like casino games, poker, and slots. It's about the specific activity you're doing.
When I read the headline, I was surprised, because indeed many people consider batting to be a kind of gambling, although I always believed that batting is a section of gambling. But in fact, these are the same classes in meaning: the gambler assumes some kind of result of a match or some kind of casino game, after which he puts his money. And as a result, he can either win or lose. So maybe these two classes are mistakenly separated? I will say that they have the same meaning but different words and they are used in different events. Gambling is the most common because that is what most people see staking on something with money as. But it is also good that we use these words in the right way to show that we are gamblers. I use to misuse them before but as time goes on with my gambling activities, I came to realize that gamble is used for casinos and betting is for sportbet. |
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Also remember the risk wey dey Airdrop, use separate wallet for Airdrop, observe well before you do anyone bcos some na waste of time.
Na back days na e I hear say Airdrop dey pay wella, but these days na scam airdrops na e dey wey be say you go carry out the task and them no go pay you or you fit no withdraw the funds. I know say airdrops no good but na how you go take know the right project for Airdrop wey go be legit. These notcoin people, you sure say no be just for the hype now wey bullrun dey around the corner, and them go make una do KYC wey them fit use that your own data for their benefits. I never see any legit one since I know about Airdrop last two years. |
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One's gambling habit can be influenced by the story of a jackpot win. But the extent to which these gambling habit can be influenced depends on if the person who wins the jackpot is a close friend or just a random person. If it were a friend that won the jackpot, I would want to take a higher risk, gamble more frequently than usual in the hopes that his luck rub off on me too. If it were some random dude on the internet, I could care less. Absolutely no effect on me whatsoever.
You are right and I agree with you that our friends wins can influence one to gamble more in other to see if you can be as lucky as he was. This is what have motivated some people into gambling because their friends that are gamblers was lucky enough to hit the jackpot, and they will lose to take the risk too. Currently, I have come to understand that luck plays a major role in gamble so if I see a friend that wins big, I will celebrate with him, but I will not be triggered by his wins. |
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There are times when acting aggressively when prices fall by 10% or when we get additional income.
On the one hand, cash flow must be stable without becoming a burden when we make aggressive purchases.
The thing is that in as much as someone or rather an investor is rich doesn't mean that they cannot run into trouble if they are investing aggressively, however even if the price drops 10% is not actually a good reason to accumulate aggressively but instead you can possibly adjust your DCA accumulation were by if you normally accumulate a certain amount of Bitcoin on a weekly basis and it happen that your source of income has increased you could possibly increase your accumulation amounts that will be well suitable for you. Though I no that most investors have there way or perspective they feel they can take advantage or facilitate there investment on Bitcoin but it will be very bad that they will get overwhelmed and invest all they have without realizing that in as much as long term holding doesn't really involved risk but aggressive investment could be regarded as one of the risk or barrier that could have a negative effect on there investment plan. I Don't agree with your concept of aggressiveness, I don't think aggressiveness refers to investing into bitcoin with all you have or like some crazy investor that is throwing all his cash or savings into bitcoin, IMO it's more like investing not less than you should and at same time not less than you should, i can't really put the definition in words since I myself am still trying to grable thigns well. Let's assume I have a toral of 200$ left as my disposable income after doing all my cashflow and deducted or removed my expenses, and I decide to invest 150$ of that into bitcoin that can be me beign aggressive or let's assume another person earning up to 4000$ and after removing his expenses as a bachelor has a 2000$ left as his discretionary income, normally we should keep in mind that we have to invest from here, kero float and also keep some reserves for later, he can decide to invest a whole 1k or 1200$ into bitcoin and keep halve as floats and the rest as reserves and if he ends up not using his floats or all then he can decide what to do with the rest. I can't really find a way to explain my understanding of aggressiveness with words, but I think if investing in bitcoin is a priority or something that you desire to or want to achieve then that way you would want to give a sizable percentage of your disposable income to it or even all, that is my best way to explain what I understand by being aggressive and if aggressiveness is practiced rightly then you have no worri about it beign risk, they is a balance and that is finding what you are comfortable with. You have made some good point there @troytech I think understanding what aggressiveness might mean theoretically can be a little trick since some might see it to be giving too much to bitcoin at the expense of other thigns, but rather I feel it has more to do with our financial situation and how balanced we are even after giving much to bitcoin, and i think everyone has to find out at what point that they are overdoing their aggressiveness, there should be a balance to aggressiveness so we don't end up overdoing it and spoil everything in the process. I guess I can explain what aggressive investing is when it comes to investing in bitcoin. For one to be able to invest aggressively, it depends on his discretionary income and the level in which his emergency funds has gotten up to. It is said that our emergency funds should be up to at least three months. Someone that has built his emergency funds up to 6 months level can become more aggressive in buying bitcoin than someone whose emergency funds is 3 months if they have the same discretionary income. Now back to buying bitcoin aggressively, it means that if you have $200 as your discretionary income with 3 months emergency funds available, reserve funds and float funds. That investor chose to invest only $100 weekly or monthly into bitcoin, and he sees that the balance of $100 is just lying there and he does not need it for any expenses for long. He can then decide to say I don't like the way my bitcoin portfolio is growing, and he feels like to increase the money with he is using for regular DCA weekly or monthly which is $100 to maybe $150 or $180. Since he does not always touch his balance of $100, he can start buying bitcoin with $180 for straight 3 months. You will see that the quantity of bitcoin that he will accumulate with be higher than when he was buying with just $100. This is why if you have the funds to invest aggressively, you don't need to think twice but do it, as long as you are not overdoing it to the extent that you are left with no funds to take care of your needs or emergency that arises. This is why the level of your emergency funds helps an investor to be more aggressive in accumulating bitcoin. I believe that so many early bitcoin investors that had the money to buy bitcoin aggressively then, and did not take advantage of such opportunity are regretting it now that bitcoin price is 71k. This is why if you can invest aggressively you do it, than to invest in a whimpish way. |
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Arsenal once again fell into a painful situation when they missed out on the championship. But Arsenal experienced a successful season. They showed outstanding progress and maturity under Mikel Arteta's reign. The main reason is that two defeats against Aston Villa this season contributed to Arsenal falling behind Man City.
I appreciate Arsenal's current squad, I think the current players want to stay to continue fighting instead of leaving. This team has finished second in two consecutive seasons, but they are maturing, and I believe Mikel Arteta's team will be even better next season. Arsenal will need more quality contracts, thereby increasing competitiveness next season. Arsenal is a team with real strength, but the difference between Arsenal and Man City lies in spirit and bravery. Pep Guardiola's team did not make any mistakes in the final stages of the season.
It's also boring for me to see the same team winning year after year. It's undeniable how close this Arsenal team came to the title, but they were unlucky because their contenders stayed consistent at the end of the season and made no single mistakes. Arsenal and Man City are both great teams, but only one can win the title. I wish Arsenal the best of luck next season. And of-course we have to appreciate that Pep has built an incredible team under his reign. Winning four EPL in a row is unbelievable. Even though repeating last season's treble won't happen, but the possibility of a domestic double is almost certain. Pep will easily win the FA Cup because Man United doesn't have a quality coach or keeper. Same here, also boring and it shows that no club is as strong as Man.City. Is it that EPL has turned to Bundesliga or other league that it is the same club that always win the league. This should be a challenge to other clubs for them to know that before they can win any trophy, they need high class players and coach and not an average coach and players. I think that is what is killing other clubs, they don't have the good players and coach that Man City has. Money brings the trophy home. |
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Bitcoin have gone beyond the level of adoption as it is now 14yrs+ that bitcoin was lunched and its adoption have increased rapidly. People have being given the opportunity to buy bitcoin from ETFs which has also increased the popularity and adoption of bitcoin compared to when bitcoin ETF was not launched. What I think that will increase the adoption of bitcoin the more is not only by using it as a means of payment but also to enlighten those people that don't know about bitcoin potentials, so that they can also adopt bitcoin and increase the number of bitcoiners. It is impossible for a small scale business to use bitcoin for payment or accept bitcoin for payment because of the transaction fee which is not encouraging when BRC-20 token are congesting the blockchain.
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Well, if you think that buying at a dip is trading, then I suggest you get involved properly in trading for a while and come back to investment after, so that you can be able to differentiate between trading and investment by buying Bitcoin during the dip or making use of DCA strategies.
Well I don't know the quite you're replying too but let me recap my statement for better understanding... Buying the dip is not related to trading at all because there could be other dip in markets under trading and normally a trader is meant to sell to make profit when there're dip in markets... However, coming to the world of BTC buying the DIP is a good strategy for buying more BTC with lesser funds although this same strategy could be used by traders too since btc has always been in an uptrend buying a dip with strong capital could be a choice but most trader wouldn't want to risk that... What I'm I trying to prove  For me I see buying only when the market is DIP as trading.
This statement is wrong IMO .... but the strategy is not a suitable strategy for beginners when we emphasize on the word ONLY. Well, from the beginning of your first comments, I understood the whole thing that you were saying, and I understand your points clearly. If a trader is buying at the dip, he's hoping to sell at a high price because everyone into Bitcoin (trading or not) wants to make a profit. In Bitcoin trading, everyone who's doing it must always keep their eyes on the market to make sure what is happening so that they will be able to know if they will sell or not. Buying a dip is another method of investing in Bitcoin and both traders and investors can use that method to buy Bitcoin. Traders are not different from short-term investors because those people can not hold for a long term. The difference with the DCA method of buying dips is because, with DCA, you can buy at every given opportunity (whether Bitcoin is high or not), ones you have the money. But as you are using the DCAing strategy to invest in Bitcoin, then you eventually meet Bitcoin at dip time you should be able to grab that opportunity and buy as much as you can. A trader can start trading during the dip but won't have the patience to hold the Bitcoin he bought because he's not an investor of Bitcoin but a trader. I advise anyone that's ready to make an investment in Bitcoin to use the DCAing strategy, because regardless of the price of Bitcoin, one can still invest any amount they want and can achieve what they want if they always DCA as planned from their portfolio (just like I have said earlier). When you are buying Bitcoin at the dip, you won't be given the opportunity to buy it always because, as Bitcoin's price is fluctuating, sometimes it goes up, and sometimes it comes down, but using the DCAing strategy allows you to buy even when Bitcoin is up or down in price. I don't actually think it's proper to be mentioning trading in this thread, because I believe that this thread is meant for Bitcoin investment only, so I suggest you take your trading discussion to the right place. And as for Bitcoin investment and accumulating process, I believe that the DCA accumulating strategy is the best among them all, because you will buy in your own convenient, either weekly, monthly, and what makes it very special is that you can also buy the deepest part of the deep, which the person relying on lump sum method might miss out due to the fact that he thought the price of Bitcoin will go deeper, and as long as you are a long term holder, which have accumulated a very good stash of Bitcoin, you are definitely going to be successful in your investment. I believe in terms of methodology to accumulate Bitcoin we can't really tell wether one using DCA will be more aggressive in accumulation than another using lump sum. DCA opens room to buy at every market situation but having a good stash of it depends on how each individual accumulate wether aggressively or conservatively. DCA is the best for new beginners because it gives them the opportunity to buy bitcoin regularly weekly or monthly as long as they are doing it consistently and persistently their bitcoin portfolio will increase gradually based on their discretionary income. Why it is recommended for new beginners is because as long as you have an income coming in, you can use a certain amount of money from your discretionary to invest often as it will be part of your budget weekly or monthly. If you do that for straight four years, you will be surprised at the size of your bitcoin portfolio. Lump sum is good but it is not all the time that we can have money to buy in lump sum. One disadvantage of lump sum is that when you have the bulk money to buy and you bought at a certain price level, after buying and bitcoin price dips, your portfolio will be in loss until Bitcoin price rise above your entry point. This is why the best method of buying for beginners is DCA, because it gives you the chance to buy bitcoin at different price level. Lump sum is good for those who have accumulated up 50% and above of their bitcoin target, and it is more beneficial when you lump sum at the dip, which I believe that is what most investors who are no longer on their accumulations stage but in a maintenance stage are doing. JJG have given so many thesis with examples on how an investor using DCA strategy will accumulate more bitcoin than an investor using lump sum in a given period of time. |
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I've read a lot about the Bitcoin nodes and about running one myself but it's nearly impossible to download almost 500 GB of the entire Blockchain with the speed of the Internet I'm currently using. I know nodes are just simple computers running on the Bitcoin network operated by individuals and I've also learned that there are approximately 75k active nodes ( both listening and non-listening nodes) my curiosity is what would happen to Bitcoin if these 75k node operators decided to shut down. I know I'm thinking too much but nothing is impossible, right? I mean these are operated by humans.
From what I know, it is impossible for the whole node to shut down at the same time, it is only if the world is being destroyed that we can see that happening. If all the 75k nodes shut down, it means that bitcoin network is be stuck and bitcoin will go to zero in value. It is the same as destroying bitcoin from existence. |
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Hi everyone, There's a lot of talk about BTCBitcoin potentially reaching 100,000 USD in the next year. What do you think? Can BTC hit 100k in 2024? Yea for sure, bitcoin will hit $100k in this bull run, but no one knows if that price will be possible for us to see this year, because it is difficult to predict or know when exactly the price of bitcoin will hit 100k. What I know is the in the previous circles, after the halving bitcoin price hits a new ATH the next year, but this circle might be different due to the fact that bitcoin price reached a new ATH before the halving. As a long-term hodler, be patient with your bitcoin portfolio and wait till the price hits 100k, because I have the confidence that we will see a price higher than 100k as the new ATH to be recorded. |
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Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.
I have thought about doing this, with the income I have every month I will set aside some money to save and invest, of course not forgetting to meet my needs. Indeed, if you wait for the money to accumulate and then allocate it to Bitcoin, that's possible, but I don't think everyone can hold cash in fiat consistently, because there are unexpected needs or expenses and the money in the pile will always be used. Of course, we won't know whether the price will rise or fall in the future, but what is clear is that we hope for the best, namely that the price will rise. Exactly fiat cannot be held for long without an unforeseen force will come up and eat it up. It is good that you have an income in which you are planning to use some fraction of it to start investing in bitcoin. What you should do is that you don't need to wait till you receive the money before planning since it is certain and a guarantee that you will get paid. It is better that you start a rough work on your monthly expenses and needs so that any left over that is what you can use part of it to invest in bitcoin for a long-term. While you use the other part to start building your emergency funds to that of three months at least, before you build your reserve funds. The reason why is because so that you can continue using that amount to invest weekly or monthly regularly consistently amd persistently in order to build your bitcoin stash nonstop. It is better to prepare down so that immediately you get paid you get started immediately. There is no time, as the price of bitcoin is unpredictable and you have no bitcoin yet so delay is dangerous because we do not know what will be the price of bitcoin next. It is good that you use the DCA method only for a start so that it will enable you to stay focus in accumulating regularly and also reduce tension since you have assigned the money to investing on bitcoin. |
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But they hard forgot the biggest loss of 10$ in a single betting.Using that 10 dollars he can bet on the ten different bet using 10 times,the possibility of 1/10 and 10/10 had huge difference.Because the game with ten bets will allow you to multiple more than ten times.
Casino has a house edge advantage, playing slowly will give you a slight disadvantage on your game. So the game with bets will not give you more win since you are just using same amount capital. You will only just limit your losses since you might win some of the bets on 10 tries while you lose everything on 1 bet. But in terms of probability assuming both win is just the same 10$. The only advantage on playing many times than one time huge bet is you will play more so that you can enjoy gambling with less pressure in your bet. I don't like using big amount to bet all in one, instead I love dividing it into smaller amounts to help me increase my chance of winning even though it will be a little win, and also make me enjoy the fun. It helps me control my emotions because I can control my gambling activities in that way. Using a big amount like $10 in a bet is good when you win the bet because you will win a bigger amount compare to win you share it into little amount, but your chance of winning will be very low. |
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