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1  Economy / Trading Discussion / Re: Has Trading Competitions competitions led you to challenge your skills? on: May 30, 2024, 11:42:13 AM
Trading competition can be challenging to you as a trader and it can help you to improve on your trading skills as you'll have a prize that'll motivate you to try harder to become the best at the competition. Trading competition are good for traders that were already trading before the competition came but they're bad for those individuals that only started trading because of the competition. Individuals that got interested in trading because of the competition will lose their money because they don't know anything about the market.

The bad thing about exchange launching trading competition is that it attracts unqualified individual and it makes them to lose money and get into depression. The competition makes the exchange get new customers that registered to try their luck in the competition and they don't know how to trade therefore the exchanges makes more profits from the competition but this individuals keep losing which is bad but nobody cares about what is happening.
It ain’t all that bad though, as this creates an opportunity for even the inexperienced trader to try and be serious with a prized money available for grabs. That’s what you need eventually. It dares you to have two things at stake and that be, the possibility of loosing your trading capital and also, the possibility of loosing or winning the prize money.
However, it puts on you and uneven pressure should it happen that, you start loosing on your trade or there is possibly a visible ladder board that you’ve got to climb and you can see how other traders are doing.
This might motivate you to trade more than usual, take higher risk and sometimes you would win but other times, you would fail because, your now trading above your limits and paying less attention to details.
2  Economy / Trading Discussion / Re: What is your preferred method of converting bitcoin (or other crypto) to fiat? on: May 30, 2024, 11:35:16 AM
What method do you find most convenient and cost-effective for converting your crypto holdings to fiat currency? CEXs, P2P, Debit Cards... ? Also curious if any new or up-and-coming techniques are on your radar.

We mightn't like it because it's centralized but centralized exchanges has being the most convenient way for me to trade my cryptocurrency to faits. I haven't use debit cards therefore I can't give an honest opinion on them but I have use decentralized P2P and I was almost scammed therefore I prefer to use centralized exchanges or their p2p were all the individuals on the exchange would had gone through verification therefore they won't want to scam or they'll get their account banned.

Centralized exchanges has P2P but selling to them directly is more faster and safer. Their P2P can also be slow sometimes as the individual selling or buying on the exchange wouldn't be fast to respond to your order. The rate on the exchange is slightly better than those on the P2P because some individual will want to manipulated the price by bringing it down so they can make more profits when they sell to you.
I have seen someone tried buying Bitcoin with Debit card before hand and it was really success, it came smooth e even and that was in year 2021 if I recall correctly. I wasn’t really this interests in buying/selling/holding of Bitcoin as I am today. I think I can still recall who the individual was but, not the site.
So buying with debit card virtually played out like you having to pay for a product you bought online of which, Bitcoin was that commodity here. You don’t get to buy from an individual here but the site itself, at there rate and you pay by inputting the necessary details on your debit card, while you receive an OTP for authentication. That follows after you must have imput your receiving Bitcoin address though.
I can’t recall it in detail but, it ain’t a bad idea except,

This would be you having to expose your debit card details to a site you aren’t entirely assured of its security and safety. There is always a risk factor as this is part of your private detail.
3  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 25, 2024, 01:25:16 PM
The risk level is relatively high in short-term investments because they are always interested in buying BTC at a dips price but they forget that it may dips further. They may even fall behind the sales target at some point. Sometimes technical results may not work because market conditions are a reflection of buyer and seller interactions. Normal inflation and environmental factors may affect the market which is normal. However, DCA method of buying BTC should be considered for easy continuation of investment. Through this strategy, the objective of buying at regular intervals is a mixture of different prices in the market, which is to reduce the level of buying when the price is high and to increase the level of buying when the price is low. As a result, more BTC can be accumulated for the same price.
Personally, bulk buying of Bitcoin isn't my thing, I have never tried it and I wouldn't say I hope not to, I would like to if the opportunity presents itself but, am not sure am going to plan for that by having to save up some money while waiting out for rye market to dip. No, that's not want I would want to do or advise of anyone.
At the end, technical analysis isn't exactly bad though. It gives insight not on an individual perspective but on the whole of some possibilities that could be expected with certain moves on the charts. Sometimes, it plays out and at other times, it doesn't.
Hence, you don't base an investment on that.

This is why DCA offers an uneven advantage as, it doesn't give any of these means to analysis a priority but centers on the final or expected goal, with patience to serve as the straw on the paths to your goal.
4  Other / Beginners & Help / Re: How I almost lost my account. on: May 25, 2024, 12:43:26 PM
I also can add another one stupid mistake, I forget my login details and I didn't have any back up, then I sold my device.

So I advise you have a password backup book, diary etc where you can write most things down in a book and not just one maybe two at least incase one gets missing which is not supposed to happen but that other will remain.
A better way you can buy steel plate or anything that can resist against fire, corrosion etc just like you back up your seed phrase.
For real? That must have hurt so badly.
So how did you manage to get your account back or it isn't this account your referring as, the referred account is gone for good.

And why didn't you change that sometime after your registration? Anyway, the good thing is that you have your account, and I see that you've now changed your email, so I'm guessing you're safe from it happening again.

Unless this was all a sob story excuse to change email because you sold your account! Haha, I'm joking.
I wouldn't say I have had the thought of changing my password. The thought has crossed my mind once or twice but, I didn't know where to look at the time but, it didn't take long to find though but for no particular reason, I allowed it. Only to be reminded by its necessity with this forgetfulness.

Sold!!! Good joke man, good joke.
Just to think of it, how is that a thing and how can someone seat back and watch his or her built reputation on an account be destroyed by a new owner, using it for all the wrong reasons because of some dollars. Just how much would that be valued anyway!
5  Other / Beginners & Help / Re: How I almost lost my account. on: May 25, 2024, 12:11:07 AM

It is scary to think about, because if someone is able to get your one major password, they will have access to all your passwords. I would prefer if these password managers have the biometric option like fingerprint and facial recognition in addition to passwords for access, that will make it more difficult for someone to gain access.
That’s one of the reason why I didn’t go with the offer from the mailing company to have my password saved with them. A hack on the company or a hack on my mail account could mean a compromise on all my details.
It’s an option still as, at some point, I wished I had it in place but, it didn’t matter anymore after I finally got the correct combination.

Meanwhile, having a Biometric or Face scanner to this doesn’t mean ultimate security even. You still get to save the codes on there ledger/data base and the Biometric verification or face scanner is just a means of access from your device. It doesn’t stop a hacker from hacking the mailing company directly.

Biometric and Face scanner don’t necessarily means best practices to security. In fact, these can be flawed and some one close to you with access to your device could easily show your screen to your face or press your prints to the scanner and your device is open to them.
6  Other / Beginners & Help / How I almost lost my account. on: May 24, 2024, 11:25:39 PM
Negligence can ruin all your hardwork

Now this wasn’t a hack attempt but, as a result of my own negligence that would have proven very costly.

When I joined the forum, I experienced an unforseen difficulty which turned out to be the norm for most new users here. This i expressed in a post I made about Evil fee (Safe means please and Evil IP).
At this point, I already had some triers with what I had then as intended details without success so, I had to proceed with just anything that came to mind.

Now, some of the things I did wrong was:
1. Completely randomizing my mail address as, i noticed from other triers that, verification mails wasn’t sent so, I used a throwaway mail address.
2. My password was completely picked at random as, it was supposed to be temporal.
3. I didn't have the mail address logged in on my device.

Why am I on this narrative;
Earlier today I woke up to what seemed like a nightmare. I tried logging into the forum as I’ve been inactive for a couple of days and as a result, my browser already logged me out.
After inputting my username, I typed in my password and it came out incorrect. I tried a different combination and it still was incorrect. At this point, I knew I was in for real trouble.
I proceeded to get a notepa, wrote down all I thought could be the right combination, input each of them and each time, it came out as incorrect.  After a good number of triers, by default the site sent a mail for password reset as, password recovery was off the books but, I didn't have the mail address logged in. I proceeded to try other combinations until I was told to have exceeded my allowed number of logins and should check back later.

At this point, I was completely exhausted and had to take some rest, it was already 14 O'clock. I later woke up, thought of things I could have done differently and means to recover my account but, without any insurance in place to prove ownership,  I knew my chances if I couldn't arrive at the right combination was almost zero.

When woke about an hour after, I tried again but, I couldn't go for anything different and as such, the password was still incorrect. Then, I went against my will to try what I didn't beleive would be it and then, I was live on my account again. A huge sigh of relief enveloped me in entire. Thoughts of changing the password to something familiar and that which am used to was the next thing but, I chose to be calm and not be hasty about it.

How I got to forget:
I'm not always active here but, am trying to be and the random nature to the details of my account creation wasn't sticky just yet.

What I could have done to avoid this:
1. Proceed to change my details to what isn't picked at random and what I would be familiar with but, I didn't do that at the time.
2. Have my password saved on my devices mail address for auto logins but, this offers a different form of challenge to security and as such, I ignored it.

What have I done to avert this:
1. Create and have a proper mail address to the account.
2. Create a strong password combination.
3. Writing down my important detail to keep it safely.

What am yet to do but find very necessary and would do:
1. Generate, sign and stake a Bitcoin address to this account.

Though this might be out of my care freeness and was yet to discover just how important and attached this account might be for me, I do hope some users here don't and are not making the same mistakes as I did. It feels very terrible to be in that position or having to recall what your not sure off. Don't procrastinate on what need be down and be sure to follow safe means to account security.



Just after concluding this thread, I see a user seeking help on forgotten password on meta. Forgot password. Assistance needed. from the user Ambatman. That's to say, it could happen to anyone and so, there is a need to take precaution.
7  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 12, 2024, 10:54:13 PM
There is actually a better time I would say. Yes, I agree that it’s best you do invest when you’ve got the money to buy just that fraction that would top your portfolio but even then, having to buy at a low presents the idea of having invested at a better time than buying when Bitcoin price is high.
So you are saying someone should wait till when Bitcoin comes down before he or she can purchase, what if it keeps going high so you will keep waiting for it to come down, Bitcoin will never come down to $5 even if it comes down the imagine will be so small and there is no chance of Bitcoin becoming very low anytime soon, if you keep waiting for it to come down before you can purchase you will always live in regret because when waiting for it to come down and it keeps going up you will always regret not buying earlier.
Perhaps you should re-read what you just read and you would get a better understanding of what is started there. Other than that, you’ll just be pushing me to saying the same thing over again, just rephrased.

Now, there isn’t any speculation that Bitcoin would ever drop to $5. Perhaps you heard that from some place else but, not me most certainly.
Also, Bitcoin can never keep going up. It’s a volatile currency and having price movements to be high some times and low at other times is the way of the market.

Now, while you might buy when you’ve got the funds for it (the DCA strategy), it would be lying to oneself to believe you don’t buy at a better price when you buy from a low, hence the principle of buying low and selling high.

Understandably, certain strategies comes with certain advantages which makes it more preferable to the other due to individual investors. Which ever one you choose is entirely okay for you so long as you get to build your portfolio in the end but, you don’t become unrealistic in what you would get as the currency goes through its price action.
8  Economy / Speculation / Re: Falseful speculations about bitcoin predictions and its halving on: May 12, 2024, 08:14:55 PM
While I was yet to be convinced that truly the halving has come and gone, I'm still right in the coin market cap which I'm still not convinced to say yeah, the halving has truly come and gone because the bitcoin price is fluctuating and had even depreciated in values more less than the actual price which the speculations insighted that we've been encountered with the expected halving I can remember that the price buttressed at $62,000 plus thenband climbed to $66,000 plus but while I am creating this thread the price has as much depreciated even below the price speculation of $62,000 that previously we've made away with the halving.

Literally I don't expect a quick surge of the bitcoin bull run as some individual conscience maybe.
My concern is that what would be the emotions of those Investors who speculated the halving rumours to had come and gone, are they feeling sentimental already to say that another halving has come just about last week we experienced the nomenclature of the expected halving?
There is a reason why the most that could be attempted is some wide speculation, it doesn’t mean it gets to play out as speculated but, there would come a time when the market would respond to certain elements that would turn out to be market movers.

Those to whom have attached their feelings to Bitcoin market and the bullrun are those who are in it just to take profit and leave. This is really wrong and an unhealthy habit towards the Bitcoin innovation. People or investors can’t really be about the revolutionary technology just to take profit and leave, only to come back some time in the future with same intent. For these people, Bitcoin is a honey pot and that’s some bad idea.

For this reason, results of the halving not being immediate and taking time to form is some of the best workings of the market. It drives every investor towards researches on ideas that wouldn’t be sentimental but, awareness of what goes on in the market and new ways to take advantage of it that wouldn’t see the market for a honey pot and in turn, promote long term investing.
9  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 12, 2024, 07:18:35 PM

No time is more better to start accumulating Bitcoin I'm always of the opinion that when ever you think you have the finance to invest on Bitcoin you do it without thinking of a good time because there's no good time in investing on Bitcoin.
There is actually a better time I would say. Yes, I agree that it’s best you do invest when you’ve got the money to buy just that fraction that would top your portfolio but even then, having to buy at a low presents the idea of having invested at a better time than buying when Bitcoin price is high.
The advantage of buying when you have money enough for it is because, it serves as a cutting edge across every element that could lead to procrastination and eventually, you not getting to buy at all.

Now, it’s really bad that you try yo place a timing on what you can not accurately speculate on. It’s the first step towards not having to buy at all because, you just can’t speculate and in the event that you could manage decide on an entry, you can’t be always sure of an abundance of resources to buy as at time due.

This is where the DCA strategy comes handy and could save you a lot of stress on having to speculate or amass funds for the purpose.

I will also like to say this Bitcoin investment is a long time investment and when going into it you should be prepared hodling it for long term even as a trader you need to hodl for long.
You can't compare those that has been hodling bitcoin for 10 years now without selling to those that sold out 6 years ago, in other to make it big in Bitcoin you need to plan on hodling for long term even when you are accumulating keep accumulating till you feel you need to stop and just hodl.
Some persons have stated that newbie investors should be more short term while experienced investors be more long term. While this might sound better if reversed, I hate to agree with either even. You don’t need a short term timing on Bitcoin investments, the longer the better. Today’s price proves that!
10  Economy / Speculation / Re: Buy BTC sold for 16 BTC-1 mil USD on: May 12, 2024, 07:01:51 PM
-

This is an interesting discussion to have, but I doubt there are any reliable frameworks to come up with a "true and fair" value. At the end of the day, it only needs one freakish investor down the line who wants that piece of paper from you and is willing to pay 3 times the price. I am sure that most of us here have been shocked at times reading how much people are willing to pay for the weirdest items. One example: First-generation iPhone sells at auction for $190,373, or nearly 380 times its original price

If I had ever thought that this would one day be possible, I'd have stocked up on those iPhones. I believe this things like the paper you mentioned can indeed have value. But how much? I stopped being shocked about collectible items or historical papers and how much they can make you in an auction. To anticipate values is so difficult because as a response some people will collect some electronics out of principle just to realize that those items will never be as valuable as this aforementioned iPhone generation.
You don’t need to on this one.
I just jumped on eBay to see if I could find the item, first generation iPhones and it was right there, offered for sales by some vendors. Some still comes with a price ranged $80-400 but others was in the range of $1.5k and below. I guess these are the once that have heard the news on what it’s going for in auctions and decided to up the price while, the once with lower prices either haven’t heard the news or are replicas.

I’ve got reasons to think that the one that sold for an insane price as stated in the auction could be the prototype but, shouldn’t that be an Apple’s priceless item, well that’s the point, owning the supposedly priceless item but, it doesn’t mean much either. I would still be seeing just how much I spent to get that thing should it not be giving me some return on investment.

By some means, it’s a matter of getting these things to the auction house, have a baked story for it and yeah, it’s got to be original, then your sure some dude with just enough dollar to not have needs for it would pick it up as his or her collection.
11  Bitcoin / Development & Technical Discussion / Re: What to know of Nodes and Running a Node on: May 12, 2024, 12:55:18 PM
That's quite a broader explanation about node, but in layman sense, i still think phone is a perfect example of node funtionality, as phone keeps all your call records and also messages, so also the node, though, node is wide as it processes global data, so therefore, its definitely going to require larger memory disk than phone.
No mate, I don’t think this applies the same way. I understand this is an attempt to make inferences with what is more common to the uncommon but, phone call records gets wiped out after some time and nodes don’t.
Also, nodes have replicas on other nodes as this is an interconnection to create a chain link which ensures security to the entire network and its integrity too, coupled with the data stored on it but, when we relate this to phone call records, it’s not the case, the records are unique to the device and possibly the network provider.
12  Economy / Speculation / Re: Buy BTC sold for 16 BTC-1 mil USD on: May 09, 2024, 06:49:53 AM

The main problem in early stages will be

A lot of people knowing each other driving the price of a few specific items and creating higher prices for them… then a unknowing person buying at a to high price for a worthless piece being stuck to it… but yeah DYOR and buy what you deem worthy I guess
Actually, this is the only scheme, and not only a lot of people knowing each other, but often just only one person, acting with different wallets.
Market rigging at its bests, like good old times in traditional markets.
This does works and the target can be completely clueless on what’s been done. That’s why auctions could be a madman’s den at times. Insane prices could go for just any piece from a famous dead guy who wasn’t very good in art or have an item featured in a famous battle or been to certain places.

Then the collectioneur at heart... just collecting things they really appreciate and by buying giving things a value... Could be discussed, but by bidding and buying they set a standard for certain objects ... This also makes other pieces more valuable. Some people collecting stuff really appreciate it and they are happy with owning it and owning piece of that history. It's charming some people just are so interested that they wanna hold such specific things...
More and more searches are lunched to getting these antiques, get it dated and there it goes with the price for collectors to pick it up. You wonder why they don’t keep ot for themselves or have it as a national treasure, which goes for some antiques and the nation of origin.

Well, am not a collector so I wouldn’t know, don’t see how am supposed to be amused with having this 16BTC in an item hanging somewhere if I don’t get to make money off it although, some of these could serve a means to preserve wealth and that’s only if you can be able to resale if need arises.

Either way, collections and collectors of stuff is another level of insanity, you really don’t get it if your not into that kind of stuff. I mean, trying to wrap my head around it alone tells me, I can’t find any reason and that’s just to say, you ain’t in that level to this yet. I hope I don’t be!
13  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 09, 2024, 06:35:40 AM
Quote
My apologies if this may be causing any form of inconvenience or if it is breaking any rules...
Any yes, you're right that this is either caused by a mistake or an error in my browser network. Sometimes I submit a reply and the browser network takes time to load this content and sometimea it is successful without indicating and sometimes it's unsuccessful, so I'll need to send it again for the second time, Hence the repetition and I find it impossible to delete the other one. I'd really like you to tell me what I can do in cases like this to avoid the repetition cos I obviously can't leave a blank page nor delete the post. If there was another way, I honestly do not know as I'm still relatively new and trying to navigate my way around this forum. So please, why don't you help me out.
Impossible is a strong word
I would say strenuous
It does happen to me sometimes
Something similar and it usually arises when the network is bwd
You can send a reply and it wouldn't show it's been sent
What I do is to copy my reply, refresh the page and see if it has been sent
If it has I move on
If not?  I resend it and it's not impossible to delete just click on delete and make sure your network is strong
I would advice switching to a stronger network provider
It would help in mitigating this.
In summary, cross check before resending and do well to delete duplicates
It wouldn't be a good thing to be reported to the moderators for same thing. Hopefully this helps.
Yes, the most probable thing to do at Ambatman. Having to copy and refresh the page so you could see if your post had gone through or not.

All of these though requires network and very strong or strong enough is something you wouldn’t want to wait on. Even while the network don’t seem strong enough, you’ll still just want to upload in events where a refreshed page doesn’t come with your post.

When I have these network glitches, what I usually do is just to turn on airplane mode and after a while, let’s say 5seconds, I turn it back up. Basically play with the host icon and in most cases it works.

I haven’t had to delete a post before but, i doubt the buttons wouldn’t work.
I have seen some forum users just write (delete) in some cases, could have considered this a spam but, I think it’s some probable case where there the delete function wasn’t easily applicable.



there are various levels of poor people, but yeah, there can be poor people with very little discretionary income and they would be less poor than the guy who has absolutely no discretionary income and is struggling in other ways with basics of life such as food and shelter... .. and we do likely know that there are a quite a few people who are not able to save and/or invest.. so yeah, if they cannot somehow increase their income, then they would not be in a position to buy bitcoin.
This is so true, it goes to agree with an uncommon statement that, the position or condition you might be in today and be condemning it and yourself, it’s someone else’s wishes!
You might be there pondering how you ain’t doing okay, how you don’t have just a roof on your head and nothing else, how you’ve got just 2 pairs of trousers and is able to switch between them both but, it’s a prized state and wished upon by the person who has got no roof on his head or just one trouser. That’s just how the world is!

So yeah, I agree with you when you say, if they can’t somehow increase their income, buying Bitcoin could be off the book for them. There are those like that for real and most times, they are completely ignorant of these asx who would tell them, how will they research about these things even after seeing it on a billboard or have it flashed on some screen as they go about there daily lives.
Most of these guys don’t even have the money to get the needed gadget which could be as little as a smartphone before you start telling them to get hardware wallets and some safe to keep them. They really don’t get the chance but would if they are able to try. It’s not like anyone likes to be poor or just don’t give wealth accumulation an attempt but, it’s just life and how the society has been designed.
14  Bitcoin / Bitcoin Discussion / Re: Edward Snowden Final Warning for Bitcoin on: May 05, 2024, 11:03:03 AM
Why not? RingCT in Monero wasn't a thing back in 2016, and it got implemented in January 2017. XMR amounts hidden, boom. More privacy gained. Bitcoin could have optional privacy with softforking to confidential transactions and ring signatures. It's just that we want it to enter the system like a trojan horse, therefore we can't risk with stuff like that.
Like a Trojan horse obviously what the rest of us expect as any addition seems to be unnecessary and users become skeptical about additions to the network as soft forks, which is seen to have no value as things will always return to normalcy with time based in on-going activities.

It won't solve anything for the same reason people are still using P2PKH/P2Sh addresses even though we added SegWit many years ago and it offers a lot of benefits.
An opt-in option is not going to help much with privacy specially in a world where centralized places are rejecting CoinJoin transactions (opt-in) they can reject the said opt-in privacy feature too hence forcing its adoption to remain low which means it won't solve anything.
While it doesn’t solve much, if their is a chance that it could help provide more options, then it could have been something what trying but, as complicated as humans would be especially given the adoption of innovations and policies, most times it’s best to live things as it is and have people build a behavioral pattern about it’s nature and usage.
15  Economy / Reputation / Re: [FUN] Is DdmrDdmr even human? on: May 05, 2024, 10:43:02 AM
Oh, here he comes!

This time I saw the spree as it happened.
I am smiling on the crowd, again.

That’s some fun image, lol… I suppose that’s you in the corner with a unicorn corn on your head, observing all the fun while on your device. I could really be that at times, just before I choose to get in on the party and go gaga but,

Will you tell them what’s going on, naaahhh, don’t crash the party!

Is that your device even or your cup of the Italian special Amaretto.
16  Economy / Exchanges / Re: NARCOS.EXCHANGE ✅️ CRYPTO EXCHANGE ✅️ SWAP OVER 1000+ COINS ✅️ REGISTRATION FREE on: May 05, 2024, 10:31:04 AM
Narcos.Exchange

What a choice of name! Sounds more like an exchange for narcotics. Don't you think you are going to have LE riled up from the word go?  Cheesy
Out of curiosity, what inspired you to choose such a name?
It hit me once I saw it and am like wow! Why such?
Is it some means to attract attention to the exchange, perhaps some means of telling the narcotics out there that, hey, here is a place for you to conduct your activities and be safe. Or perhaps it’s one way to ensure the exchange pops up when someone uses Google search for just anything narcos related.

I’ll also like to say with this attention seeking strategy if be it, you would as well be inviting the government into looking up your activities. Crypto services with even a better name have gone to court for just doing there services, your name already raises an eyebrow and calls for stigmatization and that makes it a risky association or having to do business with you guys OP.

It’s your choice still but, it also comes with all the attributes of narcos and narcotics (stigmatization).
17  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 05, 2024, 10:20:40 AM
I doubt that we should be measuring our BTC investment in short time frames, and surely if we measure in 4 year or longer time frames, then we likely are going to be doing quite well, even right now.

Let me take a couple of shorter time frames and let's see where we might be, even if we started investing $100 per week in BTC at various high price points in 2021.

Example 1: Started buying $100 per week at the beginning of the year right before the first 2021 price peak.  We would have had invested $17,500, and we would have about 0.5386 BTC (currently worth about $33,833) (so nearly 100% in profits... or nearly doubled in value.


Example 2: Starting in October 2021 - right before the second peak in the BTC price. The guy buying $100 per week would have had invested $13,600, and we would have about 0.4489 BTC (currently worth about $28,218) (so a little more than 100% in profits... or more than doubled in value.

Those first two examples are not quite right, even thought the first guy has more BTC than the second one.. so usually the longer that you are buying BTC then the more likely you would be in higher levels of profits..

Let's try another example (Example 3) of a person who has been buying $100 per week for the last 4 years, so that would take us back to May 2020...  He would have had invested $20,900 and accumulated 0.8405 BTC (currently worth about $52,909) (so about 150% in profits...

Let's try another example (Example 4) of a person who has been buying $100 per week the last 7 years, so that would take us back to May 2017.. back before the 2017 run up...  He would have had invested $36,600 and accumulated 3.689 BTC (currently worth about $232,300) (so about 535% in profits...

So there is a kind of tendency that the longer that you invest, then the more likely you are going have created more options for yourself, as long as you mostly accumulate and protect your stash from getting taken from you... maybe privately storing it.

We can likely see it in our BTC portfolio with the passage of time, so no one would have to tell us; however, surely in the first 4 years or so, it might not be so clear regarding the amount of profits, so sometimes it can take a while to see that the bitcoin investment had given more options by investing into it as compared to not having had invested into it (or perhaps choosing to invest your money in other places).
I haven’t had the opportunity to hold Bitcoin for a year since I only just joined started building my portfolio this year but, am not looking to hold for a short time, nope, not by any chance.

Available testimonials on various levels (both the negative and positive) have proven that, Bitcoin shouldn’t even have a timing to it and I’ll tell you why am saying that.

Those who bought Bitcoin back then in 2010 through 2014 and later got to sell it. Even though they might have sold on profit and have reasons to be happy about the price they sold, some of those guys still gets to look at the price on the chart today and wish they had held on. It even gets worst for those who used it to pay for some product or service and later come to realize just how many of those product the said amount could buy in recent times.
Hence, having to sell in today would still have that same effect as per those who sold in the time past when the future year becomes a prevailing reality.

One thing is for sure though, situations do push people to doing that which they would have hoped to avoid but, never sell because you feel you’ve hold enough and should be taking profit. Also, accumulations shouldn’t stop, i think it should be a save guarding your future approach towards it and you don’t do that at once, you continue to buy through your existence. Let your buying enrich your portfolio and let the market price appreciate your efforts in Bitcoin price.
18  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 05, 2024, 10:06:16 AM
To say the least, am impressed at how y’all have made a challenge out of the 100k challenge and still sees the need to keep up with the exercise as well as the trend. You might not know but, your motivating a whole lot of others to engage in some gainful exercise as well as building not just your body but a strong will towards taking a decision and sticking to it as well.

One might underestimate exercise but, this is where you learn a great deal of discipline as it ain’t easy, to wake early in the morning, put your body through the pain that brings the gain and do the work or even so, retire in the evening after a stressed day and still get to put yourself through a session of exercise. It’s a thing for the determined and your strong will is making it happen.

The chart is impressive, the numbers motivating and congratulations to a lot of you attaining what in a month ago you would have filled impossible or not a thing to you. The good news is, as at today, your doing the unbelievable numbers and getting good at it.

A conscious note on the sideline though, don’t forget to buy Bitcoin using whatever strategy that suits you when opportune, while you do the challenge.
19  Other / Meta / Re: SUGGESTION FOR OUR FORUM on: May 05, 2024, 09:49:57 AM
Admin/Mod of this Forum. I would suggest you to make a sub forum that Can create topic titled " AIRDROP & TESTNET ".

We know that many peoples need Tutorial about Testnet and Airdrops. There are so many Airdrops especially that I want to share to peoples, and I will help them to support the way to do the tasks of the Airdrop.
While some things might not fit specifically in some places, they do fit when you look at it in a broader sense. The forum wouldn’t need an addition to every development that occurs in the industry, that would create a different twist to it which could turn to vulnerability in time.

Airdrops are one means of compromise. You might have the best intention but, you wouldn’t be the only respondent and neither is yours even trusted. When your not on the team, you can be down played even when your being very smart with your observations. It’s always a test and trier with these things and as it’s always been, not all the projects out there attain success so, having to promise it for your guidance doesn’t mean nothing.
20  Economy / Speculation / Re: Buy BTC sold for 16 BTC-1 mil USD on: May 03, 2024, 12:51:54 PM

Another crazy collectible

What do we think?

Can this ever be sold for more

So many sats for just 1
It’s the rubbish I’ve been trying to contend with over the past week since I heard about ordinals. Just how did this mathematics came to be, where
1sat would be equivalent to a Bitcoin. I mean, where do we start this reverse psychology.

1Bitcoin is supposedly equivalent to 381825124.09316530 Satoshi (Value determined by 3Commas online Bitcoin calculator).
Mathematically:
1 BTC = 381825124.09316530 Sat.

Now, due to some ordinals we get the reverse psychology where:
33.3 BTC = 1sat that is:
12714776632.30240449 Sat = 1Sat.

All due to position and your just a collector. What sort of rubbish is that!
That’s some just how insanely humans could act. I ain’t collecting nothing for that.

1sat = 1 sat
Just as
1BTC = 1 BTC.

This maths applies anywhere, all I know.
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