I think that I agree with you for your statement because when I look at what Popoluv said in his first paragraph that investing with emergency fund is not a total bad idea I was getting confused because it was contradictory to what I've been reading from other comments here in this thread while I was trying to learn how to invest as a newbie. yes, you're right and I agree with you that emergency funds should not be used for investing because we will need it for an emergency situation which might be life threatening and by that time when its no longer accessible or available to us we will start to sell our Bitcoin investment to be able to raise money to settle our emergency problem which is not healthy for our growth in Bitcoin investment.
it might not actually sound bad to you but the truth is, the reason for the emergency fund is to take care of emergency situations and not as a spare cash for investment. if you should invest then it must come from your discretionary income. i know sometimes we talk about building emergency fund alonside your bitcoin investment, and if there is any need to invest more probably because of a dip situation, you could skip the emergency fund for that month or week provided you have already achieved at least an emergency fund that could cover a month expenses. it wouldn't be wise to invest with your emergency fund, the least you can do is to borrrow elsewhere provided you are guaranteed of paying back without involving your bitcoin investment. just like saylor who sometimes borrow to invest, it doesn't neccesary mean he has exhuasted all his finance, it was just a clever strategy to ensure every thing keeps runing smoothly. again, it doesn't just end with emergency fund both money ment for other needs shouldn't be converted or used to invest in bitcoin. |
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This means that buying at the time when the price is on the increase is not wisdom
I disagree with you and if I may ask when do you think the price of Bitcoin will increase? Doesn't it mean that if Bitcoin should surge or skyrocket to $500k investing in it will be lack of wisdom?. An investor doesn't care if the price of Bitcoin is increasing or not because the DCA method is there for them to accumulate Bitcoin whether increase or decrease and i want to believe this statement is for people that trade Bitcoin and not for investor because investor doesn't have any problem with Bitcoin increasing rather it is only traders that does because they only focus on entering at the low price and hoping to sell when it appreciate. I agree with you, an investor doesn't care about the price of the bitcoin before they invest because there is a method that can be used without feeling any pressure about when the price increase or decrease, anyone thinking about the price of bitcoin before investing will find it difficult to buy bitcoin because they will always want the price to drop before investing, and that will affect them because no one knows when the price will drop, the price of bitcoin is unpredictable, the price can drop at any time or rise at any time. The DCA method has shown to be the ideal way for investors to accumulate bitcoin without having to wait for the perfect time to buy bitcoin, only those who don’t understand bitcoin will choose to wait for the right moment before buying bitcoin. Yeah bro, a lot of people keep delaying because they are always waiting for that so called perfect dip, but truth is, Bitcoin doesn’t move according to anyone timing. If you keep waiting, you will most likely end up with nothing, because by the time you think the price will drop, it might actually pump even higher. That is where DCA really makes sense, it takes away the pressure of trying to predict every move, and it helps you keep stacking bit by bit without stressing about timing. it’s not about buying at the absolute lowest price, it is about actually being in the market and holding long enough to enjoy the bigger growth.. truth of the matter is if we are planing on holding for long term then buying the dip shouldn't be a major concern or thee reasson we are still holding back because with bitcoin's volatility we never know what the next few weeks holds but if we look from a wider time frame probably from years ago and the current price we cab clearly see that bitcoin is still mounting stong but then there are still some short term dips and retraceements. those who have issues with timing the market for dips can adopt the DCA strategy if other strategy makes then miss out, with DCA you can actually buy at all price level and still remain comfortable with the result provided your intentons are long term hold. though one can still employ the use of mixing two or more strategies like combining DCA and buying the dip, by contantly using DCA to accumulate and increase the buying power probably when there is a retracement, but the most important thing is, we keep an accumulation plan. |
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Rank- Sr Member
Segwit BTC address- bc1qw2exnyn34ek7dtt8rj98ule607j07c3klqpyu0
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I agree with you that you don't need to be rich to invest in Bitcoin. You can start with a small income if you want. But you can also think that if you have a stable source of income, deep buying will be more convenient. Since this is a long-term investment system, you can think of it like the stronger the roots of a tree, the better the growth of that tree. You must be patient. Don't get discouraged. Take your time, observe, learn and apply.
Well, the things that should be done when investing in BTC are that, not only the rich have opportunity, we all have opportunity, you just have to have a daily, weekly, monthly plan to buy BTC without affecting the price, I do it and it works Out well for me, sometimes when the price drops I try to look for a little more money to be able to buy more , for me that is the trick to making Things happen in a more intelligent way. well it doesn't neccessarily need to be a daily, weekly or monthly plan before one can buy bitcoin, the most important thing is you have an accumulation plan because some persons might be working based on contract and whenever they get paid that's when they'll have something to invest with so in such scenario they don't neccessarily have to work on a daily, weekly or monthly plan they can just make their lump sum investment provided they stick to accumulating whenever they have from their discretionary income after which their needs have been settled and also a provision of emergency fund and most importantly, holding for long period of time. if there is something i love about bitcoin is that fact that there is no pressure for making a specific amout of accumualtion at certain period, meaning we are working according to our own pace at our convenience. |
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Look, at the end of the day, you're the one pulling the trigger, placing the bet, spinning the wheel, whatever. The house just sets the table, it's on you to sit down and play. Sure, the glitz and the "what if" fantasies are designed to pull you in, but nobody forces your hand. You gotta own that. Blaming the casino or the government is a cop-out, a way to dodge the real, uncomfortable truth that you made a choice, and sometimes those choices have consequences that stick. So yeah, I take responsibility for my losses, because playing the blame game is just another way of losing.
gamble i o different from other types of bussines were they make ads just to ra our attention and then it left for us to make the decision based on our conviction or how attached we get. the fact still remains that we triggered te deposit button, and did it willingly so if anyone complians of the casino being a scam, we shouldn't forget that they did impose it on us forcefully. besides if the government denied the right to gamble it would seem like oppression or something else. well if the ask me, i'll say it's good they let us make the decision based on our preference except in times where it's now a national problem and a treat to the economy. |
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No one ever forces anyone to gamble on any casino site, whoever likes it becomes addicted to gambling. However, there are some people here who lose money and become destitute by gambling, then they start talking against the casino sites, I will tell them that when you opened an account on the casino sites, you were not forced to gamble in any way. You lost money by gambling on your own will.
its a good thing casinos made it clear that the approved age for gambling is 18+ so that your actions cannot be taken for childishness or casinos being blamed for taking your money. besides i don't see any reason for complaining about the money we spend in gambling if we do it the right way, yet alot of persons have their hopes so high that they expect to become rich just by gambling on daily so they wont miss out on luck. but the honest tuth is the system wasn't designed to us to be on the winning side even sport betting which we think is a fair games, the odds assigned were done that way so as to either discourage us or make our winning insignficant. |
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There’s a popular saying that birds of a feather flock together. Does this apply to your gambling experience? What I mean is, do you have more gambling friends with whom you can share your earnings or strategy, or do you prefer to be on your own, not telling anyone that you gamble?
I have gambler friends with whom I can share my insights on boxing matches and horse racing. Honestly, it’s hard not to have friends in gambling because you want to talk to someone with the same interests.
I don’t know if there is a similar topic, but if there is, let me know, and I’ll lock this right away.
Who's that gamblers without a gambling friend? What's important is to have gambling friends that are responsible gamblers like yourself, because you can't be intentionally discipline with how you gambling and make a mistake of having compulsive gamblers they would make you gamble beyond normal and you regret having gambling friend you share strategy and game planes with. I have a small clique of gambling friends but we don't meet and share games ideas that often. its a good idea to have a gambling friend because sometimes we draw them out of an addictive behaviour and sometimes we are the the once that get saved. bassically when it come to sport betting i like to share ideas with some friend and also get their own view on the possible outcome of the game. though there are game instances where you need quiteness to think through alone especially when playing casino games but again, the presence of a friend can help you avoid making irresposible gambling choices. |
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If you are conversant with Bybit I am not sure you will be making this post. First some of those ads are old and don't reflect the new price so before trading with any one on Bybit be aware that the rate may not reflect the actual price, but most time they give the opportunity to negotiate. There is a chat box that you and the buyer can have a conversation so I don't think they will just send you a price without negotiating with you. If they did then you should not hide it from your post but If they did not then you can hold cold and ensure they either negotiate or pay you up completely.
this p2p matter na realy alarming thin oo because e just dey tell us how prepared we should be terms of security when initiating any trade on exchanges. Actually even bitget seff get some of these scammers but not as bybit because na bitget I dey most times. But on a general note now na for us to just dey prepare our minds to always check well before we click that sell or buy button. Now most of them no dey too send half payment again probably because the exchange go don wan dem or the people wey dey do go don get negative tag wattin no nice. |
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This is main issue of people especially new members who post question and then never read or reply to answers they get. This drive by posting wastes time of people trying to help. Main lesson for everyone is that forum works best as two way street. Starting topic is only first step. Real value and learning come from discussion that follows. With reading replies and asking more questions members learn better themselves and encourage others to keep sharing their knowledge. And that is right using Telegram bot to follow up is smart way to stay engaged and see topics through to end.
I understand, it can be quite disappointing when a newbie asks questions and experienced members takes their time to answer and the newbie never acknowledges. Nobody is paying anybody to answer their questions in this forum and when an experienced person answers the right thing for who asked the question is to appreciate or ask more. This is a discussion forum and it is not good to start a topic and abandon it for others to be making comments without your further input. Even when your question as a newbie is answered I believe that courtesy demands that you appreciate your helpers with a comment of gratitude. I understand where you're coming from, it's good to always acknowledge good replies that was helpful, i think that's also one of the reasons why the merit system was introduced to act as a form of like to appreciate someone for their response. Well aside that the knowledge here is free and majority of us can attest to the fact that this forum has helped us increased in knowledge that most persons pay for outside this space and we grow by also helping other so it's just like a culture of sharing resourceful content irrespective of the benefits you get, because it may actually help someone. However what we should be concerned about is the growth of the person we're trying to help, and not some appreciation from a newbie. |
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Of course, taking risks in Bitcoin is very valuable for us because if we invest in Bitcoin and take risks, it will definitely benefit us. Since Bitcoin is the only reliable and reliable currency compared to all other currencies, it is possible to make good profits in the future by investing in it with less risk. We have seen that the most popular currency of the present time is Bitcoin and people's interest in it is increasing a lot every day, and the demand for Bitcoin is increasing a lot. When the demand for Bitcoin increases worldwide, people will not sell Bitcoin, but they will try to hold it and the price of Bitcoin will enter higher. So if we can plan to invest in Bitcoin and hold it for a long time with a great risk, then of course we will be able to make good profits from it in the future and be successful.
Compared to other types of cryptocurrency, bitcoin is most reliable and less risky assets. Right from onset it has been know fro its profitability but most people still thinks its gonna crash one day and that's how they miss investment opportunities and regret not entering the market when they thought price of still cheap. The truth of the matter is, price is always considered cheap compared to what we'll be seeing in the future but only few people believe in the future and that includes whales that keeps on buying consistently irrespective of the price level. If such persons with so much trust have made huge investment into bitcoin why then are we complaining or thinking we have much to lose by over stressing the word risk. |
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I have been thinking about this, Inflation happens when the value of money drops and the cost of goods and services rises. People lose purchasing power, and their savings can buy less over time. Because Bitcoin has a limited supply of about only 21 million coins, many call it “digital gold” with this can it act as a hedge against inflation?. The idea is that, unlike paper money which governments can print endlessly, Bitcoin cannot be inflated beyond its fixed supply.
In some countries with high inflation, people already turn to Bitcoin as a store of value to protect their savings from local currency collapse. They can convert money to Bitcoin quickly and send it across borders without banks. But currently Bitcoin’s price itself is very volatile. While it has risen greatly over the long term, it also experiences deep drops in the short term. This makes it risky for people who need stability in their savings. In a bad market, the value of Bitcoin can fall even faster than inflation eats away at fiat money.
The question is Do you think Bitcoin will ever become stable enough to truly act as a reliable protection against inflation?
Indeed bitcoin can help save yourself from Fiat inflation probably from your local currency but there is also another fact to consider this is most beneficial to those who hold for long period of time unlike, those short term investors who would want to make use of their bitcoin to also pay bills when needed. At the time of paying the bill, the price of bitcoin could be down leading to loss of purchasing power and that is why i don't see bitcoin as profitable medium for making daily business transactions, but more like a asset for making huge transactions that don't get to happen often especially when talking about sending or selling, meaning it's to be held for long period of time. |
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It's normal that newbies to gambling try their best to outsmart the casino at some point in my life i also did likewise studying the games to get a random pattern that'll help me come out with a hypothesis that at certain time this(-) should be the result but then after so many trial I discovered that the randomness is something we can't predict and actually know how it works because even the bookmakers don't know the next result but all they know is the system is on house edge and they'll be profitable rather than gifting us wins as some of their ads look.
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It's a really bad idea to mix gambling and being drunk, because no favorable outcome can be achieved in such scenario. Becoming a gamble addict is a situation we shouldn't find our or even gambling irresponsibly because you'll be surprised to see that you have spent all the money you have on gamble after which you have lost everything then it'll feel like you've regained consciousness. On the other hand taking alcohol to the point of getting drunk might seem fun but there are health issues attached to doing this consistently, and the worst part is, they're ling term effects and may not show early symptoms until it's a major problem that'll cost fortune.
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I have not experienced anything like this before, even when I was on my phone trying to make a live bet any little changes in the game often result to odd changes, and majority of the time the gambling platform update is more faster than that of the TV broadcasts reason being that data in form of write ups or non video of audio data transmits faster than video and audio. But if your experience is otherwise then it might be a glitch in the betting platform or a network problem which is an explainable reason for that kind of experience.
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You are right. One should not feel like because they have a good relationship with someone and for that they will just do things with them and not bother to take caution. People are kind of funny sometimes, and you never can tell what they are up to. Wisdom demands that when you are trading, you should be able to decipher what best suits you and protect yourself and your assets.
A few days ago, a friend I know got his bank account suspended because of a p2p deal on one of the exchange p2p platforms. Now this guy has not done any p2p deal for the past 1week and only for him to get suspended after dealing that same day. You could imagine the situation, he has no contact with the vendor, and yet he got suspended because of the fact that he received money from a blacklisted account. He has no idea who he was dealing with, and it just happened through the p2p platform, and that is it. We just need to be extremely careful while dealing with people who want to trade Bitcoin online and offline.
Sometimes the people we call friends are only in our lives because of the benefits they receive or they're planning on getting from us. Friendship now is beginning to take a direction where finance is the key. However we just have to be careful who we make trades with especially when we are certain that coin is gonna find it's way to our exchange wherr our KYC with real identity is given. And again we should learn to avoid offer that look really cheap, normal p2p trader outside exchange have their rates to be a bit higher than the normal price of the pair you're selling or buying so seeing a lesser price is one of the red flags to watch out for. |
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Surely Bitcoin wasn't created with specifications for the younger generation, however it's panning out that it's characteristics happen to align more with the younger generation.
Younger people resonate more with technology and Bitcoin is inherently digital. The older generation appear to be sceptical when it comes to new technology and would prefer the traditional Commercial banking systems for their basic and complex transactions.
Personally I think what matters most is a sincere desire to be open to new technologies alongside openness to move a little from the flat currencies.
Could more be done to include the older generation?
Well aside these facts that you have given, one of the reason I feel bitcoin is for the younger generation is because the long term holders are the most profitable when it comes to bitcoin investment and talking about time, we are all aging ever second and not everyone actually grows really old. However starting early helps to eliminate the fear of leaving your coins behinds when death comes, I'm not saying yound people don't die but at least it's not a normal age to die if nothing abnormal happens. And just as you have said the old are more comfortable with physical assets. |
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Indeed these waste can be converted to useful energy for bitcoin beside they're not useful to the companies and that's why they flaring them. If miners could device a means to make agreement with these companies to convert those wastage to useful energy. Well I think people are smart and they must have thought of something like this but the demerits could be the reason it has not yet been initiated probably from these companies because, if its a matter of radiation then mining machine then we are safe because mining machines produce little radiation. But those gases especially from oil companies are know to contain other hydrocarbons with natural gas which are not easily stored or controlled and that why they flare them as waste.
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Talking about young people I'm trusting the casino should make the KYC more authentic that will limit underage from gambling because asking those questions alone won't help at all, any one can claim they're any years old just to gain access to the casino or gambling platform. Since gambler are supposed to be 18 years and above I don't think there is any need for government to regulate casino because at the age, they are termed to be adult meaning they are mature enough to make decisions for themselves. So if they decide to get addicted irrespective of the casino advise to gamble responsibly then they are free to do just that and no one should be blamed for other person's shortcomings period.
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Talking about funny story, I've had crazy and laughable moments with gamble but the one I love most is when I tried to gamble on a new platform and after some bet on sport games I decided to try out their casino games with the money I had felt on the account, so before I started gambling I ensured to check the casino game out by playing the demo version, so something happened and I navigated to the home page and went back to the casino section and unknown to me i did set the game to the demo version and I was playing and luck was on my side, so I thought for a while if the demo is this easy and I get luck it'll be good to play with my real account fortunately I have been playing on real account and increasing my balance  |
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Gone are the days that we are supposed to be still doubting Bitcoin being a good investment. It no longer has the risk of Bitcoin scamming you with the fear that it won't succeed because Bitcoin has already done so well for over a decade. The risk is really worth taking because the worst that can happen is that you lose your investment capital which if you follow the basic rules of investing which is for you to not invest above yourself, you won't be bothered about the money being lost as it won't mean the end of the world for you. Practice self custody and you won't be scammed from wallets hacks or exchange hacks.
Exactly my point, Bitcoin has outperformed over the years and is still showing promising moves of even a better outbreak in the nearest future. The fear of thinking investing in Bitcoin is a risk should be eliminated as everything in life is a risk even planning is a risk. So why put so much fear about something that could retire your entire generation because of the fear of losing everything. The popular saying "go hard or go home" should be fully incorporated into our way of thinking about Bitcoin investment. It's either a win or a loss, so while put so much faith on the loss and lose out on the wins to come? Well the truth is, investing in bitcoin is a risk but compared to other types of investment or other projects to invest in, bitcoin is considered less risky. There is no business that is not risky and bitcoin is not an exemption but it's risk is manageable when we follow the right procedures. That na why we no supposed to dey use money wey we supposed used for any important need take invest for bitcoin because we fit need that money any time and bitcoin no dey do magic say price go just increase just now just now as you make invest, e go take a while and if you wan enjoy your investment na when you keep am for long period of time. |
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