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1  Local / Nigeria (Naija) / Re: What Would you have done differently if you restart your journey with Bitcoin? on: June 09, 2024, 03:20:48 PM

1. How did you get to know about Bitcoin and in what year was that?
I got to know about Bitcoin when a friend introduced me to a WhatsApp group on 2019.

2. Did you make any silly mistake? if yes, what was it and what will you tell a newbie?
The mistakes I made them was not starting my investment into Bitcoin ,my advice to all newbie most especially those that haven't started investing into Bitcoin that they should start investing now so they can be able to grow their portfolio as time goes by.


3. If you are to go back in time, what do you wish you had done differently?
If am given the opportunity to go back in time I would have started my Bitcoin investment them and by now I would have  acquired as much Bitcoin in my portfolio


5. How do you see Bitcoin in the next 50 years?
 
             
   I believed that in the next 50 yrs the worth of Bitcoin can never be compare to any other assets.

2  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: June 03, 2024, 07:22:30 PM
The first is to accept the risk and have a plan for how long you will hold it. And you can use some money to implement your plan, and you can buy dips every now and then with a little bit. And by buying bitcoins you can be successful if you accumulate bitcoins in a solid wallet for a long time. Because investing for the long term can buy bitcoin anytime as our bull run is about to begin.
Having a plan before investing is of course very important so that we can determine the target we will achieve in order to make a profit. Deciding to buy when it is experiencing a downturn certainly doesn't hurt, but we can't know for sure, therefore it will it's better if we can buy as much as we can and can survive for a long period of time, yes of course we will immediately get a profit because it is possible that in the next few months the price of Bitcoin will increase.
Investment in bitcoin should be for long term perspective and not short term, talking about making profit within intervals of months shouldn't be your target rather how you  can be able to accumulate a reasonable amount of bitcoin in your portfolio and hold for 4 to 10 yrs or more. making immediate profit as you said sound to me more like gambling and not investment.

3  Economy / Speculation / Re: Buy the DIP, and HODL! on: June 03, 2024, 05:24:42 PM

Holding and trading in Bitcoin is very important.

Trading is very sensitive. Because you should always keep updated news about the market. And a mistake is more likely to result in loss. Because the Bitcoin market is always up and down, if you can't trade on time, then you must do it at risk. This is why trading always involves a lot of risk.

I wonder why you will believe that trading is very important whn you know that the complexity in trading is beyond the accurate understanding of everyone especially those who are still new in Bitcoin, so do not regard trading as an important factor or an alternative of Bitcoin investment because you will be making a very huge mistake, perhaps the only thing that should be regarded is holding because whichever different perspective you view holding you will always arrived on a successful investment at the end or in the future, so actually if all the Short term holders and traders will see Bitcoin from my own direction they would not have been talking about trading.
Please try reading everything before you reply someone, if you read through you will see where I said hodling is the best and the safest when it comes to bitcoin investment.

Trading is also good for some people and I know a lot of people making money from it even with the risk involved when you know how it works you can make money from it however as a newbie is advised to focus only on hodling to avoid losing your money.
Even if some people are making money from trading bitcoin, it shouldn't be the subject matter so that newbies will not be distracted on their bitcoin accumulation journey and want to try out trading bitcoin for short-term gain because Smilevictorobinna said people are successful in trading. Do you know how much those people you are talking about lost in trading? They will not let you see the bad side of trading. Why will you want to adopt what will make you not to have peace of mind or time for yourself without doing anything for some time? In trading, you need to be actively watching and reading charts so that you will not lose money in trading. Even pros make mistakes in trading sometimes, which would make them lose huge money in trading. Just know that the money you get from holding your bitcoin for the long term will change your life story.
Trading in Bitcoin is as easy as we think if it is well researched but it is not that easy because there is a lot to know and a lot of knowledge has to be followed by applying the right strategy and then using it properly. Some of us traders have this misconception that they will only buy one coin and when the price of that coin increases they will sell that coin and thus they will continue to profit. But the market does not change as easily as our plans or our expectations in reality.  

We need to study enough about trading and to study enough we need to acquire proper skill about trading and when we gain more skill about trading then we will be able to apply that skill and trade properly. Even if you trade many times with the right strategy and correct prediction, it can be seen that the trader is in loss because the market changes are undesirable.  
So instead of taking this issue so easily, we should definitely take this issue seriously and accordingly we should make preparations in advance and then start trading.

In as much as it is  not a trading discussion thread and considering the fact that there are newbies coming to this thread as well, I don't think if your naratives about trading  in this thread is welcomed and appropriate as this can be more discussed exhaustibly as much as you want in the trading discussion board, this is a Bitcoin long term investment discussion thread, but yeah any one can do whatever they like but the bitter truth must be told that Bitcoin is not a tradable coin but a coin that is best performed when view on a long term perspective as it gives you the peace of mind needed to grow your asset rather than trading that is very complex even to experience ones let alone the newbie as it is associated with emotional devastation , it is best you buy Bitcoin and hold for as long as possibly 4 to 10 years or more where you can have compounded value of your investment over period a of time.
Investment in bitcoin should be for longer term and not short term ,there is no doubt about that but saying that bitcoin is not a tradable coin is something I don't understand. You can't buy when there is no seller and as long as buying and selling is taking place trading has occurred. You also said
  "Buy and hold" .before you can buy there must be a market where they are trading bitcoin (seller) and don't forget the name of this tread buy the dip and hold.before you buy the dip and hold there must be a market ,trader or seller who is willing to trade bitcoin with you. So it quite wrong to say that bitcoin is not a tradable coin. Rather you should have just pointed out the benefit of longer term investment to newbie.
4  Economy / Services / Re: [Round 7] Utopia P2P - Official Android Review Campaign (Newbie - Legendary) 💎 on: June 03, 2024, 03:49:50 PM
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5  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 31, 2024, 03:57:23 PM
Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.

There are so many of them to be considered.

Fuck gold and silver and the idea diversifying.

Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin.
I think you must've misunderstood my point...
I'm not trying to say diversifying from Bitcoin to other assets like gold and silver is an option, let alone being a better option.

No!

No!!

Noooo!!!


All I'm trying to say is that, for those who have indeed accumulated a good number of Bitcoin and are considering diversification, rather than filling their bags with variety of shitcoins which are totally unsafe and highly risky, it would be a lot more preferable and justifiable to even consider investing on real life assets that guarantees the safety of one's finance, and have a good track record or longevity and long-term potentials, but that doesn't mean gold's potential could be compared to Bitcoin, because bitcoin has undoubtedly proven to be the most profitable and safest asset to invest in.
I feel the reason why JJG reacted so is that you are too early in bitcoin accumulation to start thinking of diversifying into silver or Gold. Not actually that those listed diversification are so bad, but talking about diversification when you have not even accumulated much as expected and you are taking of diversification, it is a kind of situation that surely put you in confusion or even considering diversifying into things which should have be a second option rather bringing them up at an initial stage. What you should have been thinking right now is to accumulate more of bitcoin than talking about diversification. Though it is a reply to someone which you where advising, but sometimes advice we gave surely mean another thing in anticipation. What we advise is what we feel or what we are about to do so something it better we don't even have that though if not it will mislead us.
About diversification, I wasn't considering diversifying my investment, at least not just yet. I know better than to start thinking about diversification at this stage of my Bitcoin accumulation.

I was merely trying to make a point, which is that for people who have accumulated a good number of Bitcoins and are considering diversification, it'll be a lot more safer to consider investing in assets like Gold and Silver rather shitcoins.
Even though you have completed accumulating the quantity of bitcoin you want to accumulate and you decide to diversify your investment, it shouldn't be on assets like gold or silver because it will take you time before you will be in profit from a gold or silver investment. You should diversify your investment in investments that can yield a profit early so that it will help you earn money that will give you extra hands in holding your bitcoin investment for the long term, such as selling commodities.
It is quite wrong to say that gold is not a good portfolio diversifier because investors doesn't diversify their investment because they want to make early profit but rather because of the fear of losing their money. after you might have accumulated the amount of bitcoin you want you can invest your disposable income into other assets . more so you can only touch your bitcoin holding when you don't have an emergency fund. I  would also love it for you to be more specific in those  selling commodities , because gold is also a selling commodity.
6  Economy / Speculation / Re: Road to 100k? on: May 30, 2024, 09:24:09 PM
The price wasn't so easy to hit $100k just that our instinct is so positive about Bitcoin hitting that amount though it behavior this period gave us a conviction and reason to believe that it will reach $100k. I have the feeling that it will reach $100k but not soon but Bitcoin reaching that amount is not my major concern rather my major concern is how to accumulate more and hold.
Friends, this period is indeed accumulating, since the OP's post at the beginning, the BTC price range was 70K -71K and the price has now dipped to $68,300, so that's not a problem for me. the problem is if we buy BTC and sell BTC to buy altcoins like memes. that's the most messy thing.
The OP made the posts when Bitcoin was at $71k but now it has retraced to $68k which is just a minor price difference that is not supposed to cause much panic but should be as opportunity to buy more Bitcoin.

I noticed that the best approach for a market profile like we have now is a combination of DCA method with buying the dips rather than relying on one method. This way every dip will be properly used to accumulate more Bitcoin while the DCA method is constantly left to go unhindered. Remember that prices went so down to as low as $57k, it was a wonderful time to buy the dip because that low accounted for over 20% discount on price from the $71k price when the OP made this post. Buying orders that were filled at that low would have gained up to 17% in the present price of Bitcoin which is a reasonable increase within such a short time. I don't want to sound like a trader, just showing how beautiful it can be applying some kind of strategy in buying Bitcoin in order to get maximum benefit.

As for the price going to 100K, I don't have the slightest doubt, and about even higher predictions I have heard from well-known people, saying that BTC will be 150K in 2025 and that will soon become a reality.
I think majority of people have come to the agreement that Bitcoin will reach $100k within this market season. The only area not clear is when it will happen but gradually it will move towards that price point. It is actually reasonable not to expect the price to go that far immediately after the halving because price made ATH before the halving. So, there should be some slow in movement of the market to enable people enter the market before any big rise in price.
Yes I believed that bitcoin will reach $100k soon  but even if it doesn't happen soonest we shouldn't panic so longer as we are not planning to trade the bitcoin we have in our portfolio. It is only those that is planning to trade their coin at  $100k that should be worried sick .so if  your investment in bitcoin is long term investment you will not be worry sick as of how soonest bitcoin will hit  $100k.
7  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: May 30, 2024, 09:03:57 PM
I was expecting you to outline people invest in Bitcoin because of how valuable it can be and an asset worth also like Gold of which is the best place to make our money work for us.

we assume that investing in Bitcoin during this time is much better in preserving your assets, interacting with Bitcoin investors should make them able to understand Bitcoin and Investment in it, and honestly nothing is too late for those who still want to get into Bitcoin even in the current circumstances. very good value.
I don't agree with you; anybody who says this period is the best time to invest in bitcoin was doubting bitcoin and refused to invest in bitcoin when he had the chance to accumulate bitcoin at a low price, but he didn't. The best time to accumulate bitcoin is in the bear market because you will accumulate a reasonable amount of bitcoin with less money, but anyone who fails to accumulate bitcoin in the bear market can do so when bitcoin is at its peak since bitcoin is a long-term investment.

Well there is no time that is not best for accumulating bitcoin more especially if you are doing DCA. so longer as you are long term investor dip, bearish market shouldn't be consider the best time to accumulate bitcoin . I think the best time to accumulate bitcoin is whenever you have disposable income.
8  Other / Beginners & Help / Re: [Merit] Share your best local board posts/topics on: May 30, 2024, 06:08:02 PM
Naija local board

Link 1:https://bitcointalk.org/index.php?topic=5491414.msg63894903#msg63894903

Link 2:https://bitcointalk.org/index.php?topic=5476253.msg63607868#msg63607868

Link 3:https://bitcointalk.org/index.php?topic=5491264.msg63890960#msg63890960

Link 4:https://bitcointalk.org/index.php?topic=5490791.msg63872979#msg63872979

Link 5:https://bitcointalk.org/index.php?topic=5485555.msg63872824#msg63872824
9  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 30, 2024, 01:19:21 PM
Back to the basic concept, we come here not to lose, lose funds, the cause is from ourselves because we want to double the investment quickly and hope that in 2 or three days the investment value we trade can produce and increase from the initial capital. The reality is that most of them are big zeros, especially if market conditions are uncertain and their movements change. I guess buy and hold it for a long period of time, That's probably the real thing whether to use DCA or want it all at once.
The basic concept will go according to plan and must use a long-term strategy by implementing the DCA technique. It is very difficult to expect that within 2 or 3 days the investment value will start to increase in value because the movement is still unstable or for other reasons due to increasingly uncertain market sentiment. Bitcoin, whose direction of movement is very difficult to predict, requires investors to be more patient in highly speculative Bitcoin investments. Using the DCA strategy can enable you to collect Bitcoin consistently and accumulate assets depending on the amount of money you are ready to invest. Buying at a low price and selling at a high price is one of the concepts and goals in investment. You can buy and hold it for the long term to get the profit you expected when you started investing.



Bitcoin long investment doesn't requires buying at low price in order to sell at high price, one can buy even at the peak price so far the intention is to buy and hold for longer period of time, prioritizing buying at low price to sell at high price can be more of trading strategy but when it comes to Bitcoin long term investment one can buy at anytime the money is readily available for investment irrespective of the price point , what is most important is achieving a good size of Bitcoin up to a reasonable amount which will put you in good profits.
If you are long term investor , you can always buy bitcoin without waiting for it to dip more especially if you are using DCA method to accumulate bitcoin ,your target should be to get a reasonable amount of it in your portfolio. But it is wrong to  think that all investment in bitcoin  is because the investor want to make good profit at the end .people can invest in bitcoin in a way to retain value. Just imagine you have $3000 at your disposal and you want to retain this money for a longer time. You can invest it  in am asset that won't lose value. So it is wrong to think that all investment is aim at making good profit
10  Other / Beginners & Help / Re: Benefits from the forum. on: May 29, 2024, 07:59:54 PM
This forum has really helped me , because initially I had no knowledge of bitcoin and with the help of this forum I have
been able to understand quite a lot about bitcoin most especially how to be able to accumulate bitcoin gradually until you are able to have a greater portion of it in your portfolio using DCA method, because initially I was thinking that without a huge sum of money you can't invest in bitcoin.
Further more, I now understand some basic terms as regards to bitcoin and crypto currency in general all thanks  to the forum and hoping to learn more as time goes by.
11  Economy / Economics / Re: Debt Management. on: May 16, 2024, 11:17:20 PM
Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

It's not always bad to borrow money to open a business, I don't think that's true. Even though we don't know whether the business we are running will be successful or not, we should do our best so that the business we run will be successful and profitable. Financial problems are a common thing, but when you have the determination and intention to start a business but don't have the money, don't let that be the end of everything.

try as hard as possible to achieve what you want, and basically we have to do our best for good results. Even if you can take out a loan, that's no problem, but you have to be able to take full responsibility for it even if the business you run fails. but what is clear is that no one runs a business with the goal being to fail.
We all know that  the aim of starting any business is to make profit but don't undermine the possibilities of failure. so taking loan to start up a new business is something I won't advice someone to do rather I will advise that you start up with the little capital you have them as time goes by you can take loan to expand the business . great Thomas Edison that discovered the incandescent lamp, just imagine he started this project with borrowed money and also don't forget he failed ten thousand times before he was able to get the desired results. If he had started this project with borrowed money the momentum wouldn't have been there, he would have given up long ago without achieving his aim and he would have been in debt. so borrowing money to Start up a business to me is not ideal so always start with the little you have.
12  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 16, 2024, 10:40:22 PM
Good morning everyone

@Obulis, it will be more better if you reduce the rate at which you are spamming the thread, the forum is not some kind of social media platform . You should be compiling most of your posts to be in one page and that will  add more value to your post generally, you just have to take note of this and improve.

I had already dropped my report before the shout out to this tribe (I think 37 persons) ... May be I should have edited my page.. However if you say spamming it seems somehow. Spam means unwanted or undesired, I don't think it is bad to shout out to all of us here..

Not a kind of social media yes, but it has all the attributes of social media but one can't forget how organized this place is and the ultra reason behind this forum when compared.
I mean this pushup trip is one of the funs in this place, socializing all the minds here (37 persons and bitcointalk forum/BTF as I wish more members to join), also checking physical health...


There is no need to have such an argument, listen to advice, and correct your ways. What you said earlier has nothing to contribute to the discussion here and by so doing it can be considered as spamming. The reason is that it conveys no message, shares no opinion, and is not a conversation that could bring about interesting dialogues.

Also, the 100 push-up to 100k challenge is not a fun activity, it is something to prepare our mental and physical health until Bitcoin reaches 100k we won't stop.

Please what tmoonz said about spamming is totally different from what you are saying. He made mention of compiling post in one page and here you are talking of post sending no message ,how does this two things relate. So which one should we take? I also believe that if those messages were spam it would have been deleted by the OP.
13  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 12, 2024, 10:46:31 AM
My daily push up summary,
Day4=85
Day5=94
Day6=75
 
My daily reports:
100k,proty,4,504,2024-05-12
14  Economy / Economics / Re: Debt Management. on: May 12, 2024, 10:31:34 AM
You Misunderstood the whole point nobody is saying you should not build a house or buy a car but using borrowed money because house is not a good investment, when you take loan you ought to invest it wisely because you will still pay back so to avoid story in the long run, borrowed money should be used to acquire asset and not liabilities that are in form of asset. You also talk about comfortable live ,no right thinking man will take loan in order to live a comfortable life. You should be talking about comfortable life with your hard earned money .it is  very unwise to take loan and be talking of luxurious life.
No don't misquote me all am saying is that since there are assets that are in form of liability that does it mean we should not acquire them even when we have the money and resources to take care of them? And you saying house is not a good investment is a wrong perception like how can you really say that? Those who build houses for real estate businesses can you also tell them that house is not a good investment? You should have said that it is dependent on what you want to use the house for but I don't see any reason why anyone will say that house is not a good investment even though it may depreciate in value if not taken care of or well maintained.
    To clear your doubts, house is a good investment because if well maintained it's value will increase as time goes on and again if you build a house you have given yourself and your family a lifetime shelter such that no matter where ever they go to they will know they have a home to come back to and again your offspring can inherit the house when you are no longer there so i see no reason why you said house is not a good investment.
I am not saying you shouldn't buy a house or those liabilities that are in form of asset ,you can buy or build house if you have the money but what am saying is you shouldn't take loan to get them ,rather you can take loan to get an asset them the money you generate from the asset you can use it to build house, cars etc after paying the loan. house not been a good investment,well I shouldn't have use the word investment ,what am saying is those that take loan to build family house thinking is an asset. Simply put ,an asset is anything that put money to your pocket while liabilities are those things that take money from your pocket. Though there are liabilities that looks like asset which they are not, so taking loan to acquire them to me not a good idea because so many people have been complain that taking of loan is not good which I believe that they have been using the loan money to acquire liabilities that they think are asset, which makes it impossible for them to be able to pay back the loan.
15  Economy / Economics / Re: Debt Management. on: May 12, 2024, 05:38:40 AM
Generally speaking, people will still tend to consider houses as assets rather than liabilities, and surely there are some kinds of houses that will have higher maintenance costs and/or taxes than others, and surely houses are considered to hold their value better than cars, since cars tend to be a depreciating asset if bought new, but sometimes a used car may hold its value or even gain in value if it is classic or a collector's item, so we still have to be careful if we try to generalize too much in regards to how much some thing that we buy might be considered an asset versus a liability, because something like a yacht could still be considered an asset, even if it costs a lot to maintain, and maybe more if we are putting it into service, but it could generate income too if we were able to rent it out in ways that ended up being profitable and NOT too inconvenient, in the case that we actually were to have a yacht... According to this article Michael Saylor owns two yachts and three houses and a Jet.. so those could be assets, but they are also liabilities in terms of how much maintenance and labor they likely take, even though the article says that Saylor charters out his yachts (or they are available for chartering)..

I am also interested in this discussion going on here because everyone is open to knowledge because there are things in life we just feel that we are doing it rightly but in an actual sense we are wrong. Now coming to the area of building a house for comfort does it mean we should instead make investments instead of building houses that will stand as a liability due to the cost of maintenance? Or while making investments we shouldn't also need to live a comfortable life? We shouldn't buy cars or build houses and focus more on making productive investments even when we become successful investcar?

Talking about Michael Saylor, we all know that he is a lover of luxury and a successful investor so the cost of maintaining his assets will not be a problem for him because he already got the money to take care of those things. Even though he charters out his yachts will they not go through maintenance from time to time? If we keep looking towards things that will bring about  only assets  to us and not liability that means we may end up not enjoying life at all after all we all have limited time on earth here so while we are also making investments that will give us a better future, there need to live a comfortable and enjoyable lifestyle.
You Misunderstood the whole point nobody is saying you should not build a house or buy a car but using borrowed money because house is not a good investment, when you take loan you ought to invest it wisely because you will still pay back so to avoid story in the long run, borrowed money should be used to acquire asset and not liabilities that are in form of asset. You also talk about comfortable live ,no right thinking man will take loan in order to live a comfortable life. You should be talking about comfortable life with your hard earned money .it is  very unwise to take loan and be talking of luxurious life. Michael saylor you said is a successful investor which means his income is far greater than his expenses and his assets are greater than his liabilities. so the luxurious life ,comfortable life, being able to maintain his assets all of this are expenses which doesn't equate his income.
16  Economy / Economics / Re: Debt Management. on: May 11, 2024, 08:13:32 PM
The statement that loan hinders some people from achieving their goal is quite wrong , many people take loan to acquire asset which they end up acquiring liability in form asset. When u are able to understand the difference between and asset and liability, them you use your loan money to acquire  an asset instead of liability that when you will get to know the benefit of taking loan.The man u just cited , acquired liability in form of an asset. Assuming the man decided to put the house for rentage , automatically he would have had an asset. Just like taking loan to get  a car for your personal use or to buy shitcoin. All these are liabilities in form of asset.
Are you being serious right now? How can you refer to a house as a liability in form of an asset like I don't understand. If he decides to sell the house so you think he can't sell it more than the amount he used in building it? I think you need proper understanding about asset and liability.

Sometimes we throw out some of the various terms without really putting them in a very good context in terms of how money might be used and whether it might be considered a productive asset or a consumptive asset, or whether it might appreciate or depreciate in value relative to other assets and/or relative to cash - including that there can be periods of time that some assets or cash perform well, and other times that they do not perform very well.

Of course, something like a house can involve a lot of liabilities in terms of maintenance costs, taxes and other possible fees - including potentially having to insure it because of its physicality - while locations make differences in regards to these matters too, including the kind of neighborhood that it is in that could unexpectedly end up affecting its value in one direction or another based on what others are doing in the neighborhood.

Surely, a house has a utility value that comes from being able to live in it and having some autonomy over it that may well not come from a rental situation, yet at the same time houses do not always go up in value, including problems with macro dynamics that involve bubbles and even sometimes some of the seeming manipulations that might happen in housing - so surely in all cases, we cannot necessarily consider housing to be an appreciating asset or even a desirable asset in some circumstances in which markets might get perverted based on political or economic dynamics.... yet that does not necessarily mean property ownership is not a good thing or that it would not be a good idea to borrow in order to acquire and/or accumulate property... even though there are possibilities of getting burned on it.

We have a lot of examples in recent times in which folks who are not able to get loans might never be able to save enough to buy a house, and similar dynamics have happened historically, and houses might not be the ONLY kind of higher ticket item in which there are advantages to use debt to get it earlier rather than later, even if there could be some ways in which the house might not really be appreciating in value greater than if they money had been invested elsewhere - even with buying a car, there could be some questions about the car being a depreciating asset, yet there could also be ways that the car helps to increase income and/or productivity in such ways that the car mostly ends up paying for itself - which truly is not always the case with all kinds of cars that people buy, including sometimes they buy extra cars that might not have much if any utility value.

I really love the points you have made  here more especially in the aspect of a house involving alot of liabilities which  is quite right and many will end up borrowing money to acquire liabilities. Even a car can also be an asset and also a liability, if you acquire a car for your personal use and you are not using it for any business that it will generate income them the car is a liability. You can also buy a car and be using it for transportation business ,automatically is generating income which makes it an asset. So am of the opinion that if you take loans ,use the money to acquire asset and not liabilities.
17  Economy / Economics / Re: Debt Management. on: May 10, 2024, 08:35:15 PM
I have seen so many replies implying that taken a loan is bad I will like to say that it is normal for anyone to express him or herself but generally, there are different kinds of loan and different reasons why people takes loan. But however, everyone has to stick to whatever you feel will work for you. To me, what is obtainable is that out of 100% of people that are involved in loan 80% are successful.
Must you take a loan to become successful? Loan hinders a lot of people from achieving their goals in life because instead of thinking of making good use of your money on future investments, you will end up repaying loans that you took in the past. I am not trying to say that loan is bad because I have seen someone who took a huge loan to build a house and reached and understanding with the lender that he will be paying the loan on monthly basis till he clears up the loan. Yes he built the house and moved in with his family but he regretted taking the loan because he barely feed his family because about 90% of his income was used in repaying back the loan regularly. So you can imagine depriving yourself of comfort just because you have a target and you take a loan in the process.

The statement that loan hinders some people from achieving their goal is quite wrong , many people take loan to acquire asset which they end up acquiring liability in form asset. When u are able to understand the difference between and asset and liability, them you use your loan money to acquire  an asset instead of liability that when you will get to know the benefit of taking loan.The man u just cited , acquired liability in form of an asset. Assuming the man decided to put the house for rentage , automatically he would have had an asset. Just like taking loan to get  a car for your personal use or to buy shitcoin. All these are liabilities in form of asset.
18  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 03, 2024, 05:50:03 PM
My last report was not included  here. My previous report was:
"100k,proty,3,250,2024-5-1"
The reason why your push-up report wasn't included in the push-up table was that you didn't include the days of push-ups when you first reported your push-up details, and that is why Dirtykeyboard didn't include your last report in the push-up table. Your days of push-ups and the date you did the push-up should be in two digits so that DirtyKeyboard will add your details to the push-up table.
Your push-up report should be like this:100k,proty,03,250,2024-5-01

Thanks for the correction but the example you gave here the month is having single digit  that is 5 instead of 05 , so is the two digit excluded from the month?.
19  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: May 03, 2024, 01:58:57 PM
Welcome to the table Cossyblack! Smiley
What🥺

I’m not a frequent visitor at the speculation board and guess I missed this very one

I’ve been having severe pains mostly within my waist region stretching to my upper back up to my neck and it haven’t been an easy one for me.
Lately I’ve been thinking of hitting the gym as I think one of the causes of this pains is lack of exercise as I barely do exercise and joining this push up challenge wouldn’t be a bad idea to start my fitness journey.

I want to know if it’s already late to join this challeng
It's absolutely, positively, super... not too late to join.   Although your post did end quite abruptly.

I hope to see you return with a properly formatted entry, if you want on the table.  It's optional.  It's all optional.  Have fun, start slow, and if sitting in a chair too much is an issue like me I suggest this video about improving posture from the gentleman with neck tattoos.  https://www.youtube.com/watch?v=MgT2yuUHCws
Code:
https://www.youtube.com/watch?v=MgT2yuUHCws
I couldn't find who originally posted a video of his on, what I believe was, exercises to do, to be able to do more pushups.  Smiley

100k,DirtyKeyboard,83,8183,2024-05-02
╭───────────────────┬────────┬───────────┬─────────────┬──────────┬─────────┬──────────────╮
│ Username          │   Days │   Pushups │ Last Date   │   PU/day │ % of    │    Days till │
│                   │        │           │             │          │ Total   │   next digit │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Bd officer        │     40 │      1864 │ 2024-04-28  │    46.6  │ 1.56%   │          175 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Antonil           │     52 │      2022 │ 2024-05-02  │    38.88 │ 1.69%   │          206 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Troytech          │     43 │      4205 │ 2024-05-02  │    97.79 │ 3.52%   │           60 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ adultcrypto       │     21 │      1575 │ 2024-05-02  │    75    │ 1.32%   │          113 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ OgNasty           │     90 │      9100 │ 2024-05-01  │   101.11 │ 7.61%   │            9 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Ambatman          │     19 │      2115 │ 2024-04-30  │   111.32 │ 1.77%   │           71 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Gallar            │     23 │      6141 │ 2024-04-21  │   267    │ 5.14%   │           15 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Notalony          │      9 │       794 │ 2024-05-03  │    88.22 │ 0.66%   │            3 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Ricardo11         │     62 │      3083 │ 2024-05-03  │    49.73 │ 2.58%   │          140 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Bravut            │      4 │       285 │ 2024-04-20  │    71.25 │ 0.24%   │           11 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Obim34            │     48 │      2892 │ 2024-04-29  │    60.25 │ 2.42%   │          118 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Dailyscript       │      3 │       299 │ 2024-04-27  │    99.67 │ 0.25%   │            8 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Tmoonz            │     68 │      6407 │ 2024-05-02  │    94.22 │ 5.36%   │           39 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Obulis            │      3 │       250 │ 2024-05-02  │    83.33 │ 0.21%   │           10 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Jewan420          │      7 │       590 │ 2024-05-03  │    84.29 │ 0.49%   │            5 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Zackz5000         │     63 │      8040 │ 2024-05-01  │   127.62 │ 6.73%   │           16 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ 7juju             │     77 │     11550 │ 2024-05-01  │   150    │ 9.66%   │          590 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ teamsherry        │     24 │      2130 │ 2024-05-02  │    88.75 │ 1.78%   │           89 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ promise444c5      │     42 │      1280 │ 2024-05-01  │    30.48 │ 1.07%   │          287 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ SickDayIn         │      2 │        60 │ 2024-04-28  │    30    │ 0.05%   │            2 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ JayJuanGee        │     87 │     16840 │ 2024-05-01  │   193.56 │ 14.09%  │          430 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Kwarkam           │     52 │     10560 │ 2024-04-19  │   203.08 │ 8.84%   │          441 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Cossyblack        │     18 │      2604 │ 2024-05-02  │   144.67 │ 2.18%   │           52 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Mayor of Ogba     │     65 │      8376 │ 2024-05-01  │   128.86 │ 7.01%   │           13 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ proty             │      2 │       150 │ 2024-04-26  │    75    │ 0.13%   │           12 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Judith87403       │     50 │       800 │ 2024-04-22  │    16    │ 0.67%   │           13 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ I_Anime           │     71 │      5002 │ 2024-04-30  │    70.45 │ 4.19%   │           71 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ DirtyKeyboard     │     83 │      8183 │ 2024-05-02  │    98.59 │ 6.85%   │           19 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Tungbulu          │     12 │      1412 │ 2024-04-28  │   117.67 │ 1.18%   │           73 │
├───────────────────┼────────┼───────────┼─────────────┼──────────┼─────────┼──────────────┤
│ Smilevictorobinna │      9 │       900 │ 2024-04-30  │   100    │ 0.75%   │            1 │
╰───────────────────┴────────┴───────────┴─────────────┴──────────┴─────────┴──────────────╯
╭───────────┬───────────┬───────────────┬──────────────┬──────────────────┬───────────┬─────────────╮
│      Team │   Pushers │       Pushups │         Days │   Pushups/Pusher │   Pushups │   Days till │
│   Pushups │           │    per Pusher │   per Pusher │          per Day │   per Day │     200_000 │
├───────────┼───────────┼───────────────┼──────────────┼──────────────────┼───────────┼─────────────┤
│    119509 │        30 │       3983.63 │         38.3 │          104.011 │   3120.34 │     25.7956 │
╰───────────┴───────────┴───────────────┴──────────────┴──────────────────┴───────────┴─────────────╯
████████████████████████████████████████████████████████████████████████████████████████████████████▌
|         |         |         |         |         |         |         |         |         |         |
0k       20k       40k       60k       80k       100k      120k      140k      160k      180k      200k
Quote of the day: "do some pushups." - Timelord2067




My last report was not included  here. My previous report was:
"100k,proty,03,250,2024-05-01"
20  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: May 02, 2024, 02:47:09 PM
Proper buying time is when market goes to correction mood. Or after end of bull runs, you can check market was down for long. That was the time for investment and pick your Listed altcoins. Even in 2023, we also have opportunity to buy with lower price. But in 2024, everything is already overpriced. So buy is risky. But if someone didn't buy anything yet, then Market correction could an opportunity for investment. As like yesterday when market was down. But don't sell if you are holding btc ether or others potential altcoins. Cause these coins are doing be huge in upcoming days

Well as for me I don't think there is any time that is not proper to make an investment in bitcoin .even if there is an upward trend it all depends on the method u are using in accumulating btc.if u are doing DCA invest you will not be looking at upward and downward trend rather the crucial thing is the amount of bitcoin you have and your ability to hold it for a longer duration.
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