Bitcoin Forum
October 03, 2025, 08:03:21 AM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 217 »
1  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto's "Endgame" on: Today at 07:18:47 AM
Anything that can bring "end game" for cryptocurrency especially Bitcoin will most likely not be because of cryptocurrency itself but a bigger devastation. I believe that it has to be something catastrophic that will affect the whole world, maybe a shutdown of the internet globally. If such were to happen I don't think that our cryptocurrency would be out only worry because it'll be a total shutdown. Nothing is a certainty that it'll happen as we planned yet we make plans for the future. If we are occupied by negative energies I don't think that anybody will have the zeal to plan for the future.
2  Economy / Gambling discussion / Re: Winning the lottery does more harm than good on: Today at 05:34:39 AM
I've also been hearing about how lottery big winners goes broke after some time and lottery companies knows this too. I wonder if they have some type of orientation for these jackpot winners to teach them about financial management. It is not a good image for the lottery business that their big winners always missus their wins and later go broke. I want to believe that it's not all the jackpot winners that misuse their wins, some of them must have used the wins to establish themselves. So it comes down to every winner to be financially smart, even if they're given advice I don't think that anybody or the lottery company will dictate how they spend their money.
3  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 02, 2025, 03:04:38 PM
...
DCA buying of Bitcoin can be done weekly or monthly, depends on the Cash flow of the investor. There are investors that received salaries pay every weekend while some investors will have to wait until month ending before receiving salary. The time duration here doesn't matter, rather the key thing is for them to be able to figure out a discretional income from their weekly or monthly salary to be able buy Bitcoin weekly or monthly. what you should also understand is that, an investor that is DCAng weekly and an Investor that DCA monthly doesn't have the same accumulation targets,their goals may be the same but their accumulation targets will always differs and cannot be the same. My points is ,an investor that's accumulating bitcoin consistent monthly may reached his Over-accumulation target faster than an investor that buys bitcoin weekly because of differences in accumulation targets. 

Just like everyone's goals in life differs, same implies to Bitcoin investment, every investor can't have same target cause the amount they can generate for discretionary can't be same, for instance the target of a middle class salary earner and big whales like Blackrock or Saylor can never be same cause the amount those whales generate for discretionary is far more greater than what the middle class investor would generate. With that being said, every investor should invest according the amount of discretionary they can generate, yes the time duration for generating discretionary doesn't matter be it weekly or monthly so far the investor can be consistent regardless of time frame the discretionary is generated, the investor is good to go.
I need to clarify that an investor that is doing monthly DCA doesn't mean that he's accumulating more Bitcoin than who is doing weekly DCA. Again an investor that is on weekly DCA can have the same accumulation target as another investor that is on monthly DCA method. It doesn't matter if your income is dropping every two weeks or two months what matters is the amount that any of them can afford to buy Bitcoin with.

Your income and basic expenses determines how much you will have in your discretionary funds. From there you will use your discretion to know how much you can remove for your periodic DCA accumulation. Every investors are at liberty to choose any amount that they want for their DCA accumulation irrespective of how much they earn and whether it's weekly or monthly.
4  Economy / Gambling discussion / Re: Will the world follow Greece on how they restrict children from online gambling on: October 02, 2025, 11:04:55 AM
If this becomes mandatory, do you think it will be effective, and will other countries follow Greece's lead in protecting their children from harmful online activities, such as online casinos?

At least the government has taken concrete steps to protect children from gambling.
Whether this is effective will also depend on parents taking the necessary steps to ensure the app's effectiveness.
If this proves to be effective, it's highly possible to implement it, or follow other countries' example.
Gambling should not be easily accessible to children.
It is a step in the right direction and I support it because prevention is better than curing addiction in underaged online gambling. A lot of underaged gets involved in things that are meant for only adults online and most times their parents wouldn't know how far their kids have gone. Gambling should be only for adults that have something doing to make their own money, not underaged that are still dependant on their parents to survive. Whatever mistakes that they make will directly affect their parents because parents are their guidance.
5  Local / Nigeria (Naija) / Re: Should I wait or save a little? on: October 02, 2025, 08:33:00 AM

 The reason I disagree is that no one knows when the price will come down. Suppose I waited 6 months or 8 months to buy in DIP. Suddenly the price increased to 170k and then the price decreased to 125k. This is more than the current price. If I wait like this, I feel like I will have to settle for less profit instead of the excess profit.

I don't know if anything like this happens. If it does, then waiting seems risky.

So why does everyone talk about buying in DIP?

Those who are experienced in the above issues, please tell me from your real experience so that the matter can be clear. I don't want to do anything based on assumptions. I want to learn from your real experience and implement it in my life.
You have successfully answered your question and I can't agree less with you, there's no reason to wait for the perfect dip before you buy Bitcoin. Bitcoin don proof say im be store of value because im get di potentials to de reach ATH after every dip. So if your goal na to de buy and hodl for di long term you no go mind di current price wey you want to buy am because you de sure say you go make profit in the future. Dat dip wey you de wait for before you buy fit to no happen again and if you misuse di money e mean say you don miss dat buying opportunity.

DCA method na di best strategy for investors wey want to hodl Bitcoin for a long term, e go help dem to de focused on their long term accumulation. But before you go start DCA method you need to make sure say you get discretionary funds. E no de good to use funds for essential expenses like food and rent to de buy Bitcoin. Di implication be say wen di need for essential expenses arise you go de forced to sell your Bitcoin prematurely. Bitcoin investment de very profitable but no be matter of life and death, make sure say your essential needs de on ground before you buy Bitcoin.
6  Economy / Gambling discussion / Re: Do not gamble because of others storyline on: October 02, 2025, 06:19:23 AM
Some gamblers are so desperate to win that they will do anything that worked for another gambler, forgetting that the other gambler won by luck. I know a guy that went to place his bet in a perticular bet outlet because he heard that bettors get lucky and win in that outlet. It sounded funny to me when I was told what he did and I said that it was desperation to win. The same thing is happening with people that watch sports programs and they take predictions of pundits too seriously. Although it's a different case if a gambler wants to explore other gambling sites and physical casinos for fun.
7  Economy / Gambling discussion / Re: What’s the right age to start gambling? on: October 01, 2025, 04:15:43 PM
The right age to start gambling is one thing and being ready for gambling at that age is another thing, you can meet the minimum required age but still not ready. So basically you need to be atleast 18 years and above but you need to ask yourself if you're financially capable to gamble and if you have the discipline to gamble responsibly. After that minimum age to gamble I think that it depends on individuals whether they have what it takes to gamble responsibly or not. I know a few guys in their early twenties that bets and as far as I know they are responsible gamblers. I also know far more matured people who gamble irresponsibly so gambling addiction is  not so much about age but about self-control.
8  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: October 01, 2025, 02:08:40 PM
There was a reason they said we should use what we can afford to let go in our Bitcoin Investment and there is also a little risk attach to it and so saying success is guarantee in Bitcoin investment is what I don't really agree 100 percent because there is no investment that is guarantee because if it is guarantee I doubt we would have been advised to use what we can afford to let go but regardless I believe in Bitcoin and I know it will do great in years coming but that doesn't mean it is 100 percent guarantee.
Yes, in investment of course there is no such thing as a 100 percent guarantee of success. So it is certain that the risk will remain even though the asset is bitcoin. So with that, we should not be rash and put all funds into bitcoin. Because after all such actions are really not healthy at all. So investing in bitcoin using discretionary funds is the most appropriate thing to do. Because by using discretionary funds when investing in bitcoin, the first thing you will feel is that, we will not worry about price fluctuations, then it does not interfere with our lives financially, and that's why we can hodl bitcoin in a longer period of time.
Nothing in life is 100% guaranteed that it'll be perfect or work out exactly as we planned it yet we continue to make plans for the future. If we keep focusing on negative enegies we cannot achieve anything meaningful in life. Coming to Bitcoin investment I believe that it is safe to say that it has potentials to always reach new ATH, if we're judging by it's performance since it's creation we can say that it's a store of value. Bitcoin was created to be a scarce commodity and that is why it has limited supply. As it's adoption is increasing and holders are willing to hodl for the long term, the effect will greater demand over supply. With this analysis in mind we can have the believe that Bitcoin will continue to be profitable in the future even though nothing is 100% certain that it'll happen as we planned.
9  Economy / Gambling discussion / Re: Responsible Gambling in Land base casinos is is possible? on: October 01, 2025, 12:34:51 PM
I don't think that the absence of clocks in a physical casino to manage our time well should be a problem, except that the gamblers are restricted from wearing wristwatches. Responsible gambling is a personal choice, if you're not in control you can become addicted. if a gambler is in total control of their gambling then time and money spent in the casino will be well managed. When people who are not disciplined starts to gamble and becomes addicted everybody blames gambling for their misfortunes. But when a well disciplined person decides to gamble they don't get carried away by get rich quick syndrome of addicts.
10  Economy / Economics / Re: Always invest from your discretionary funds on: October 01, 2025, 07:35:28 AM
If you want to invest in a long term profitable asset and you don't have a discretionary fund you can do the following. Cutdown on your basic expenses if you can, get a better paying job, get a side hustle, learn profitable skills, do what you can to earn more than your basic expenses.

The basic needs that are naturally in accordance with needs not because of consumptive, cannot be reduced to be set aside into investment money. Investment is not an action taken because it is forced, but the actions taken in full awareness. Forcing to be able to invest with income that only ends meet, it is also not good.

Finding a job that can have adequate income might be a way to be able to invest.
This is also the same as looking for more than one source of income and this is an action taken by many people so far.
Investment is good and profitable but the money to use for it is not a must because you don't need investment to survive from day to day. Making a distinction between expenses that are a must and those that are not will make an income earner to know how to make budget. For instance if Bitcoin dip and you use all or most of your salary to buy the dip with a lump sum you will sooner sell it to take care of the needs that are a must.

People without financial management intelligence gets excited unnecessarily when they see something that they feel it is an opportunity to buy. If you don't have a discretionary fund that can afford to buy such a thing it is better to forego it until you build your discretionary funds to afford it. The best thing to do if you don't have a discretionary fund is to try harder to increase your income so that you can fund your discretionary account.
11  Economy / Gambling discussion / Re: Human interaction in land base casinos on: October 01, 2025, 05:30:20 AM
Interaction in land based casinos is more important to the casinos than the gamblers, it is their business and they will want to use friendly dealers to make their gamblers happy. If gamblers are happy they will easily interact and be entertained with fellow gamblers. I know that some bettors likes to visit physical bet outlets to place their bets, not because they cannot do it online but they want to interact with other bettors. People like to visit beautiful places so aside from a friendly and interactive casino gamblers will like to unwind in well light casinos and friendly casino.
12  Economy / Economics / Re: To have kids or not to? Your opinion from economy perspective on: September 30, 2025, 02:51:29 PM
What title says,

unless one is well off himself one should not be having kids, this is my opinion.

What about you?
What if in the process of getting well-off you become old before it happens or it never happens at all? What if you're well-off today and after having kids you become poor? I think that if you can afford to take care of three people within your means you can have one or two children. It is important that if you're not well-off you should marry an industrious woman who can support your finances. What we should focus on is we shouldn't have too many children that we cannot take care of. But so far you have something doing to make money you can have a few kids if you want to.
13  Economy / Gambling discussion / Re: Back then, people gambled whole Bitcoins - imagine the value today on: September 30, 2025, 01:00:19 PM
If you look at it from the price of Bitcoin today, it will be unfair because as at the time of making these bets, Bitcoin was still very cheap and just like the normal money we use in gambling today. The question is, were people richer then than now? The answer is no, people were gambling with what they can afford to lose and then people could lose 100 BTC without being worried. I have the confidence that in 20 years from today, we will also look at how much we gamble with today in terms of Bitcoin and wish we saved them rather than use them in gambling.
I'm sure that in those days 1 Bitcoin was what they could afford to loose and if they lose it in gambling it won't affect them in anyway. Today some of us can conveniently gamble with a few sats and not feel anything if we lose it but in the future when Bitcoin can reach $1m some might have regrets. If we focus on this mindset about Bitcoin I don't think that we can use it to buy anything because we will always think about what the value will be in the future. It is not a problem if you don't want to gamble with your Bitcoin, there is stablecoins and even fiat so you can continue to hodl your Bitcoin for as long as you want.
14  Economy / Speculation / Re: Man with the highest IQ goes all in on Bitcoin on: September 30, 2025, 08:05:12 AM
I can't help but agree with anybody that said if his IQ were so high it wouldn't have taken him this long to figure out that Bitcoin will be the best asset of the future. It's better late than never for him that his IQ suddenly realized that Bitcoin is the best thing to put your money into. But I wouldn't call somebody smart if he puts all his money into one asset because nobody knows tomorrow. If Bitcoin were to somehow lose it's value in the future that means that he will automatically become poor. A high IQ should know that it is dumb to totally trust one thing and put all your life savings into it, the thing will practically control you.
15  Economy / Gambling discussion / Re: Alcohol + Gambling = Recipe for Disaster? on: September 30, 2025, 06:18:49 AM
I’ve experienced this before and I promised myself I’d never do it again - being drunk to the point I was completely out of control. But I’m fine with having a few vodka shots or beers beside me while gambling. Sometimes we just need something to steady our nerves so we don’t panic when we see our team losing.
Anything done in moderation is good, if you have the capacity to do it without causing harm to yourself so a little bit of alcohol while gambling can be fun. But for those light brains and those that cannot control their drinking habit it'll be a disaster for them to combine it with gambling. Alcohol has the capacity to make people to do what they ordinary wouldn't dare to do so it is better to avoid both. If you understand bankroll management and you are a disciplined gambler who wouldn't over gamble no matter the temptation then you can combine them.
16  Economy / Gambling discussion / Re: Ever had a “100% sure” pick… and then it lost badly? on: September 29, 2025, 04:51:52 PM

so allow me to raise this questions.

  • Does overconfidence blind us in betting, making us ignore the possibility that anything can happen?
  • When we feel “too sure,” is that actually a red flag that we’re not thinking clearly?
From my experience and shared experiences from other gamblers overconfidence is not needed in gambling, it is the fastest way to lose your money. How can you be overconfident when you don't have a say in how a game ends, you can only stake your money and hope that you will win. It doesn't matter how familiar you are and how good you are at analysis you still need luck to win, your familiarity and experiences are not enough. That is why it is highly recommended to always use small amounts to gamble. Overconfidence should be a red flag that you're not in control of the outcome of the game that you want to bet on, it is only your bankroll that you have a total control over.
17  Economy / Speculation / Re: Buy the DIP, and HODL! on: September 29, 2025, 03:13:48 PM

You didn't include buying with DCA to be used by a high income earners? It is mostly advisable to use the dca as a newbie investor even as high income earner than using the lump sum or buying the dip because the DCA strategy will work you down the road of understanding the market. A high income earners can also use the DCA strategy, you need to understand that DCA strategy is not limited to only those with a little discretionary income but it can use by all levels of investors and secondly anyone can take advantage of buying the dip too provided that they planned for it.
Buying the dip is never a bad idea as long as you are not waiting for it before buying, you can be buying regularly through the dca accumulating strategy weekly or monthly, but once their is a strong dip in the market, you may decide to buy aggressively only if you have a reserve fund to do it, but if you don't have a reserve funds in place to take advantage of the dip, their is no point getting worked up or trouble about it, just continue your dca accumulating strategy and this time try to set up a reserve funds because the dip will surely come again in the future, but waiting for it before buying is a very big mistake any Bitcoin Investor will ever do to himself, because waiting for a dip before buying will make him miss a whole lot of buying opportunities that would have made him add more unit of Bitcoin to his stash if he had been buying and accumulating regardless of it price.
DCA method is the most effective strategy to buy and hodl Bitcoin for the long term, it is what keeps you focused to be able to sustain through many years. DCA method of accumulation should be a lifestyle for you to fit into the mindset of buying from your discretionary funds whenever your income or profit drops into it. DCA is not just for low income earners who can barely sustain their discretionary funds, it is also for the rich, institutions and even governments. If you make budget for your earnings as a Bitcoin investor then you need DCA method.

waiting for the perfect entry point to buy the dip is not necessary for long term investors because no matter the price you buy now Bitcoin will reach a new ATH. Bitcoin is a volatile asset and nobody knows exactly when any dip can happen or if it will happen. As Bitcoin value is reaching new heights the more likelihood that it cannot dump to certain prices again so buy when you have the funds to do so.
18  Economy / Gambling discussion / Re: Did you also go through this stage in gambling? on: September 29, 2025, 11:30:48 AM
I once saw a movie back in the days when I was younger, in it somebody showed another person how to manoeuvre a slot machine and lots of coins started dropping. I actually believed it and when I gambled on physical slot I always thought hard how I could also manoeuvre the machine so that I could win big. Eventually I gave up trying to figure it out and thought that I wasn't as smart as the guy in that movie. It shows how naive I was back then but now I know better, you can only win if you're lucky not because of any skills that you have.
19  Other / Politics & Society / Re: Why are politicians not truthful? on: September 29, 2025, 08:38:23 AM
Politicians are desperate to win elections because that is the only way for them to enter into power, inorder to win they must convince the electorates to vote for them. They will tell the voters anything just to get their votes, many of the things are what they never intend to do. After winning that is when they will unfold their real agendas and most of it is to enrich themselves from the public funds. If the people are reminding them of their election promises they'll keep postponing it until they leave office. I thought that this scams by politicians are only in my country until I began to hear the same complaints from citizens of other countries.
20  Economy / Gambling discussion / Re: If a casino glitch credits your balance, do you really have to give it back? on: September 29, 2025, 05:50:16 AM
If there were a glitch and you received payment into your casino account knowing that you didn't deposit or win the fund it'll be up to your moral values whether to return it or not. But to avoid future issues with your account maybe if the casino finds out they might freeze your original funds, I think you should return it. I know that the temptation will be high to keep the money considering how much you've lost to the casino but if it's not yours it'll be right to return it. It's like if somebody mistakenly deposited money into your bank account the money is not your yours, you are obligated to return it especially if the person wants it back.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 217 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!