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The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.
The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.
Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin. The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin. As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling. Yes, DCA is the best and most profitable way to invest in Bitcoin. Always consider investing in DCA. If you are disciplined and invest regularly on a weekly basis, it will become more profitable for you. Make a plan for the long term, (at least 5 years). You have to decide that during these 5 years or more, you don't even think about selling your holdings, you just have to buy, no matter how much the price goes up or down, you have to buy regularly on a weekly or monthly basis, market pump? buy, market dump? Buy more and it requires you to have at least 2 sources of income, so that if one source of income is somehow lost, you can continue your investment with the other. And definitely keep some money in cash aside for emergencies. In short, regardless of the situation, you will continue investing and holding. Then you will see that after a long period of time you will get a much higher return than what you expected. The DCA method is really good no doubt but we can't really say is the best and most profitable way to Bitcoin investment rather it can be seen as the best for those who uses that method of accumulating Bitcoin The reason for DCA strategy is not for profit so don't be confused about that because I noticed that most people have been having a misconception about the purpose of DCA because I have also seen that most people think that DCA strategy guarantees a successful investment, actually DCA is just a normal strategy and utilizing it in terms of accumulating Bitcoin depends on individual or the investors also in terms of profits is actually depends how far you have accumulated on your investment that determines it because there are people who can use DCA strategy but could not still see any good return after holding because they failed to continue there investment. do you think those great investors actually use the DCA method now? And even if they use it I am pretty sure that it will only be few of them if at all they use it any method one chooses is best for the person not for everybody perhaps you can say is the cheapest or easiest way to go about Bitcoin investment.
Why do I get the feeling that you only see DCA strategy to be only use by people who only have smaller amounts of funds, on the contrary it can also be use by anybody including the rich because DCA strategy doesn't limit people from accumulating with a certain amount because you can accumulate using any amounts of money you can afford, so of course both the poor, rich and successful investors uses DCA, perhaps it seems you draw your conclusion through the several discussions that was talking about accumulating with a smaller amounts, actually those advice was only for those who barely have enough money or source of income but in the case of those that are wealthy they can possibly use any amounts whether big or small so long as they keep up there regular accumulation they are okay. You're absolutely right mate DCA method is not only for those who have smaller amounts of funds, it can be use by anybody just as you said earlier. actually most people just decide to use the DCA method to accumulate bitcoin in their portfolio not that they don't have the money to invest in bulk, rather they just want to reduce the risk. Well talking about accumulating in a smaller amounts, actually there's nothing wrong with that advice, you know is just an advice so is left for you to decide what's best for you depending on how much you're earning. of course you can invest as much as you can, more especially when it has to do with bitcoin investment because is only the most valuable and reliable asset in Long term holding. |
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Felt pretty good this morning. Did 2 sets of 50 back to back and it felt great. I think it’s easier for me to do 50 push-ups in a set now than it was to do 20 when I started. Probably could’ve pushed it to 60 easy enough but I’m trying to get somewhat rested so I can make another run at increasing my personal best set in the near future.
100k,OgNasty,180,18400,2024-07-30
Wow! Nice one, that is a result of consistency and just like you said it was easier for you to do 50 push-up now than it was to do 20 when you started, the starting point is always hard and not interesting but the moment you keep on trying everything will look so interesting and easy especially if you have gotten a stamina to withstand the displacement and stresses. With time this your 50 push-up will look like you were playing then because the more number you attained the more stamina you build in your body. I believe in consistency. Congratulations @OgNasty You're absolutely right mate, actually I could remember my first time of doing push ups OMG is like a hell I couldn't even do up to 10 push ups in a set reason is because I was not doing it properly that is why I easily get tired then, not until a friend of my thought me on how I'm going to position my hands. so from there I starting improving right now as I speak I was able to make 20 push ups in a set, I believe as time goes on I can be able to do up to 30 in a set. However I started this push ups challenge not quite Long, I have read so many threads about this push ups challenge so I personally made up my mind to also join the challenge reason is because I know is going to help me in some expect, actually I must say this push ups challenge is amazing |
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Can shiba inu ever get to $1 in the next bull run or more years to come??, though nothing is impossible, but i don't think it can get there,
And is the project still good to invest in?
Actually I don't really look at those memecoin, though there are some people who invested on Shiba Inu from the early stage most of this earlier investors profited a lot from Shiba. My friend would have also profited from Shiba if not that he lost his phone in his working place and the worst part of it is that he was unable to recover his wallet seed phrase. However I don't think if shiba inu is worth investing right now though the choice is yours, but before making any decision don't forget to make intensive research about shiba inu so as to know if it has a good potential. But one thing you need to know about memecoin is that is not something you will rely on, their future is unpredictable so you just need to be extremely careful so as to avoid losing your money. |
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Bitcoin na one of di best investments wey anybody fit to enter but many newbies no know say e de better to hodl am for long term. Unto say Bitcoin de volatile dat na why e de advisable to hodl am for long term because na store of value wey de take long term to reach new ATH price and give better ROI.
But I don notice say many newbies wey I know for Bitcoin matter no get knowledge about how e de work, dem de buy Bitcoin with money wey dem wan use on the short term because dem hear say e de profitable. I believe say na only wen we enter bull run proper wey Bitcoin price go de surge steadily na im investors fit to take chances to invest money for short term profits.
Nobody know exactly wetin Bitcoin price go be in di next 24 hours, weda e go pump or dump, na only speculations and predictions we fit to do. Dat na why newbies need to understand say e no de advisable to invest in Bitcoin on a short timeframe because di price fit to dip wen dem wan use di money. Invest di amount wey you fit to put aside, preferably do DCA method and no plan to sale am on the short term. Na my advice to newbie investors.
Waiting you talk na true op as a newbie that I'm I don come to notice that this bitcoin investment no be waiting fit profit person for Short term rather na waiting go profit us in the future, most of my follow newbies they always mistake bitcoin for altcoin and memecoin way fit profit you within a short term.however most newbie self dey see bitcoin investment as get rich quick scheme, reason is because dey no wan settle down to learn how bitcoin investment works before Dem go think of making investment. you know if you go involve yourself in waiting you know nothing about definitely you go dey see am in different ways that is why I wan just settle down to learn how bitcoin investment works before I go start to they think of making any investment plan, As long as say money dey involved person no need to Rush make we no go experience lose in the market. |
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Some of us here were not actually doing very well before we joined this forum and people know that we don't have a job and a source of income but when we were introduced to this forum, we took time to build our accounts and were fortunate to join signature campaigns and we started earning income from it and things begins change differently in our lives as we were able to buy clothes, food, shelter and even extend hands to some of our loved ones and people begin to wonder what kind of job you're doing that you have suddenly changed to the extent of even rendering assistance to other people.
So my question is this, can we proudly tell people that we're Bitcoiners? And even if we do how can they be convinced that we're doing genuine work online since the society sees most people earning from online as fraudsters (Yahoo boys).
Actually you can only call yourself a bitcoiner if you have been profiting from bitcoin investment because you can't just bare the name bitcoiner when you don't even profit from bitcoin investment, you know one thing about me I don't disclose my source of income to people. you know how the society is disclosing your source of income to people is very risky, you don't know who is who probably you can disclose your source of income to people maybe within a couple of months you find out that things aren't working out for you unlike as it use to be before. mean while when you didn't tell anyone about your source of income things was working absolutely well for you, but ever since you disclose it to people that's how you begin to experience down fall. this is why we need to be extremely careful on how we tell people about our source of income if I'm doing absolutely well that's for me, i don't owe anyone any explanation they can say whatever thing they wish to say for all I care. |
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Actually every body fit Investment in bitcoin as Long as you get the capital to start up with, but for those who barely feed you no go expect those kind of people to invest in bitcoin when dem still dey look for food to chop. However bitcoin investment na for those people who don chop belle full so that incase of anything happen in the market in no fit affect you in anyway, just imagine those people way still dey struggle on how dem go take survive probably after struggling dem come use the money way them suppose to take hold body come go invest am in bitcoin e come happen say they experience lose in the market.
You know how in go take pain Dem for body at this point him go begin dey regret say assume mean say him know say him for use the money go buy some food stuffs, this thinking go reach one full month sometimes self in go past one full month dem go still dey think about the lose, though bitcoin na very good asset that can profit us in the future but no go put body for bitcoin investment when you never chop well.
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My brothers and sisters for this kajad cabal I greet una and happy new year to all of us. I say make I table this matter for here and if say person don discuss this mata, my apologies as I no see any of such nature before I bring this one up.
Wetin make me dey ask this question nah say after observation, I discover how some newbies wey register here, after them don drop some posts and e happen say one of the posts receive backlash, you go see say gradually, that user go start to dey scarce for here and before you know e go twy before you see them.
So I wan know from us, wetin we feel say be the reason wey dem dey lose interest like that? Abi nah say some no fit stand criticism or here too hard or wetin? Abeg make we discuss.
I think the reason why most newbie they easily lose interest in this forum na because of say e no they work to their expectations, more especially when they talk about their post say in lack too many information them go come see am say people they indirectly tell dem say Dem no know waiting Dem dey do, way be say na correction Dem they give Dem. secondly the reason why most newbie they quick tire for this platform sometime na due to lack of patient some newbie when Dem don make too many post and e come happen say no single merit way them give them, at this point Dem go begin they lose interest Dem they always forget say merit they come depending on how quality your post is. most newbie think say things they very easy for here those high ranked members Dem been dey the same shoe with us but due to how patient they're see where them dey today, so as a newbie make we try to learn how to exercise patient if any body talk about our post make we no see am say the person hate us just see am say the person wan correct us so that we go fit improve. |
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Before I start Bitcoin investment I been take my time and I also consider many things and those things way I consider really they help me for this my Bitcoin journey and I go like to share am to people for here especially to my follow newbies way won start Bitcoin investment.
Things way you go need to consider before you start are as follow.
1. Have knowledge about Bitcoin.
No rush, take your time learn about Bitcoin, how e they work en underlying technology ( Blockchain), the risk and rewards way they inside also learn about wallet ( where them they store Bitcoin) where and how you fit exchange them, the measure way you fit take secure your wallet.
2. Understand Bitcoin volatility.
Bitcoin na something way people no say en price they volatile, which means that en value fit rise and also fall in price, so you need to prepare your mind say price fit change at any point in time.
3. Managing your risk.
You need to assess your risk tolerance and you need to also assess your financial situation before you invest. You go need to consider how much way you fit invest and also how deep the lose fit dey.
4. Look for a teacher or mentor.
As person way they start newly you need to get person way go they guide you on how to carry on your investment. You need to consult person with more higher experience about cryptocurrency.
5. Secure your Bitcoin.
Make sure say you protect your Bitcoin very well, you need to use wallet way you know say they very good like trust wallet, Binance e.t.c and make sure say you keep your password only to yourself.
6. Beware of scam or fraud.
No say scam full for online na why e no good to share your password online or connect your wallet to sites way you no too understand. No carry your Bitcoin go invest on any thing online if you go even invest verify the credibility and legitimacy of that investment platform.
7. Be patient.
Bitcoin na long time investment and you need to carry patient mindset use follow Bitcoin because Bitcoin no be Ponzi scheme way you go just enter carry money come out quick.
So you need to carry the mindset of long term investment for mind when investing.
Actually knowledge is required in all aspects of life, everything is this life requires knowledge so as to be able to carry out our plans successful. of course bitcoin Investment requires knowledge not only bitcoin Investment crypto investment entirely, you need to have the knowledge and also understand how the market works before making any plans or taken a decision so as to avoid losing your money of falling to the hand of scammers. because most of the beginners who got scammed today, it happens as a result of not having the knowledge about cryptocurrency that is why is very necessary to get all the right informations about cryptocurrency before thinking on how to make investment. |
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Many of us that have been in the crypto market for sometime, we have come across different seasons in the market which can be increase in price and decrease in price. I just hope our interest in the market is not just only anticipating to make profit in the market, but we should be able to learn from the market and observe the market very well. Observing the market gives good knowledge about the crypto market, knowledge that can help one to stay calm even when the market is going down knowing that it will later come up. With the movement of the market investor needs to understand that crypto profit is not what one needs to rely on.
I urge every beginners to take note of every even that has been happening in the market, it will change the wrong mindset of about cryptocurrency and it will also help one to make good plans for every investment. Getting profit shouldn't be all we are waiting for but to also learn from the market events .
You're right understanding the market very well is what every newbies need to know before looking out to invest, investing when you don't even have understand about how the crypto market works is very wrong because if you don't really understand how it works It will be very difficult for you to know the steps to take. Of course as long as crypto investment is concerned there are two things involved and this things are. is either you lose or you gain we always learn from our past experience if it's a good one we will pray to happen again, but if it's bad experience then we have to make corrections that's how it is. |
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Because of the increase in the financial leverage of Bitcoin and cryptocurrency a lot of fraudster are budding under the umbrella of Bitcoin and cryptocurrency to scammer people especially those who are not much grounded and knowledgeable of Bitcoin and cryptocurrency like me. Instance, some fraudster will send you a link through WhatsApp, Facebook and other social media telling you to click the link to register for cryptocurrency and Bitcoin with hope of making much money from the link but immediately you click the link they will access to all your information and then use hack your account and be using it for their fraudulence activities or better still scammer the you.
So if I may ask, how can we identify this kind of fraudsters?
Countless time we have been instructed never to click any link you know nothing about more especially in facebook platform because the rate of scammers is very high mostly in facebook platform. Just imagine telling someone to click on a link to register for cryptocurrency? isn't that obvious that the person happens to be a scammer even without someone telling you that the person you're dealing with is a scammer. if making money online is that easy everyone would have been in a better position by now this are the things you need to think about before doing what they ask you to do, is only those beginners who are naive and also wanting to get quick money that will fall for this time of scam. However if you don't want to get scammed you see the spirit of being (greedy) you need to let go off it, because that's the most common thing that always lead people into a wrong direction. |
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Back then alot of folks had the mindset that Bitcoin going to hit $100k pretty fast but base on how things going I don't think so ,but that don't mean it ain't gonna surpass $100k. I'm actually making this post to encourage others to keep accumulating and not to sell their holdings too early. As a humans most of us are usually impatient, we just want it to happen now now . Okay now just imagine it happens now and Bitcoin rose to the price range of $250k and you only have a little bitcoin stash in your portfolio. You may endup not yielding something good due to not having much quantities stashed. So this time around we should be happy that we have time to still purchase Bitcoin as the price is still cheap . Because it may get to a point where your funds won't be able to cover-up some nice quantities of bitcoin. So we should be expecting something huge, because as time goes on Bitcoin will keep gaining More adoption and now bitcoin has gotten it's self some nice adoption so far, though our government ain't encouraging us by banning p2p from exchanges, but still we are going to still find away to keep surviving in this Crypto space. I was so happy the other day when I saw a man addressing students about cryptocurrencies how they can earn through various ways in cryptocurrencies by doing airdrops and some other related stuff. So this shows that cryptocurrencies will keep growing and getting the awareness they deserved, so now accumulate as much as you can (Bitcoin), and keep hodl , for the upcoming bull run. Hope this will help to encourage those that are still accumulating and holding to keep the fire burning  , don't forget we are in and also going to the year of greens . Exactly I have read so many threads about this particular issue that what can we do to make bitcoin hits $100k most people was also asking that can bitcoin Hits $100k in the near future, actually I think is just a matter of time of course bitcoin can surpass $100k but is not gonna happen anytime soon. All we need to do right now is to keep accumulating bitcoin in our portfolio and wait patiently untill the right time, I think this is the right time for us to start making preparation now that there's still a dip in the price of bitcoin now that the market is cheap. I know most people Will be scared to invest in bitcoin now that there's a dip in the price of bitcoin more especially those people who like investing when the market shows green, but I most say this is the right time to start accumulating now that the price is still at the range of $61,998k so that before the price will surge to $70k by then you most have accumulated a lot, the earlier we do that the better for us we shouldn't allow fear to hinder us from getting what we want. |
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To be frank as a newbie or anyone avoid trading especially trading with Leverage. I know there are many Nigerians trading either stock, forex or crypto and its sometimes tempting when they say the figure they make but we usually fail to consider the figure they lost.
This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL
You're right trading has a high level of risk and it also requires enough knowledge, and it takes a lot of time before you can learn about how trading works. the reason why I always avoid trading is because there's no guarantee about what will be the outcome, most people only profit from trading only when luck is on their side. that is why I don't always look at trading and I can't advice newbies like me to go into trading, due to the high level of risk that is involved in trading, even if you use the whole strategy in trading definitely you will still lose there's nothing like expert in trading even those who claims to be an expert traders yet they still experience lose in trading, so I rather HODL instead of wasting my money in trading. |
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OP investment is different from gambling it is only in gambling you gamble what you can afford to lose so that you will not be disappointed in investment you don't have to worry because your funds never lost. And all what you have to do is to plan your investment very well. Either long term or short term. If it is short term den go make some survey for the movement of di price so dat you no go go invest when di price dey come down but it is good to invest when di price e dey di dip and once im go up X3 or more of your investment den you sell it. But if na long term investment then you don't have to worry for anything just be buying until di time you like to sell. So I don't see any lose in investment but in trading and gambling should be what you mean.
Of course is only in gamble that you stake with what you can afford to lose, because there's no guarantee about what will be the outcome. Actually I think op is referring to meme Investment you know memecoin is always like that is very hard to predict their future, most of the memecoin after been hyped they get dumped. so that is why if you're investing in memecoin is always advisable to invest with what you can afford, so that even if you experience lose in the market is not going to affect you in anyway. Moreover you don't have to say that there's no lose in Investment you know there's always a risk in everything that requires money, there are two things involved in crypto investment that's is either you lose or you gain. those Investors who are very deep in crypto investment knows how crypto investment works, though everyone will always want to make profit whenever time they make Investment but it never works like that you don't expect profit to come everytime you make Investment. |
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I always say that investing in Bitcoin is more like a gamble and in gambling there are two things involved, it's either you lose or you win, and pressuring a newbie that knows nothing about the rise and fall of Bitcoin to invest is attracting problems for yourself if anything goes wrong at the end of the day because they think it's invest today and cash out tomorrow which is obviously not the case. Though there's nothing wrong in telling your friends and relatives to invest in Bitcoin but let it be only without pressure or imposing it on anyone to avoid being held responsible for their loses because people are impatient these days.
That is why I don't like forcing someone to go into bitcoin investment because if they experience any lose in the market you will be hold responsible unlike as you said earlier. of course most people think bitcoin Investment is a get rich quick scheme, without knowing that bitcoin Investment requires a lot of time and patient is not like that of meme Investment that you can get profited within a short term, that is why I always avoid telling people about bitcoin investment because they might go with it the wrong way. |
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I would just like to get some insight from the pros here, what are some other ways that I can earn money other than bitcoin mining, eg. Online gambling such as betting and casino?
Actually i think this topic doesn't belong here if I'm not mistaken, the best place to get this insight you're looking for is when you visit gambling discussion room. because that's the best place to discuss issues that is related to gambling, and from there you can get the best insight that you're looking for. However if you're looking for other ways to earn money betting and casino is not recommended at all because the risk in gambling is very high compared to the risk in bitcoin mining if i May ask what makes you think that betting and casino is a way of earning money? |
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At this point, merits still make me happy, but not as much as when I was about to rank up. I think that it's obvious.
And yet I have to admit that what makes me happier now is not the fact that someone thought that my pizza, translation or simple reply was worthy of merit, but the fact that I have sMerits to share with others who deserve or need them more than me.
I wish something similar would happen with money: the world would be a much better place to live.
I totally understand how you feel i must say you're such a nice and kind hearted person, people like you are supposed to be nominated as the president of a particular country, because your ideas and capability can transform a country, because you don't only think about your success you Also think about the success of other people, for this reasons i think you can make a good leader if you're given the opportunity just keep up the good works. |
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With scammers on Facebook or any social network, you need to act in the same way to fool them, unless, of course, you have time for this and you are not lazy. If they write about some big giveaway that will supposedly bring in a ton of profit, I usually pretend that I believe every letter from them. But in the end, they end up bewildered when they waste their time on me and get nothing in return except a laughing emoji.
But seriously speaking, social networks nowadays exist only for general information, and in no case should you trust all the noise that happens there. Yes, there are a lot of weirdos out there waiting for quick money, and maybe someone will get some cents, but revealing your identity and being a naive fool, I think, is not the fate of those who read this forum.
That's really funny, actually i can't devote my time in chatting with those fools, whenever time i stumbled to there page immediately i discover that i arrived in a wrong page without wasting much of my time i will just block the page or better still i keep ignoring their messages because i wouldn't want to waste my time to listen to those rubbish that comes out from their mouth, however most of them uses charm to manipulate people once you give them the opportunity, this is why i don't always give them the chance to speak. |
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The best way to prevent something like this from ever happening to you is to simply not use Chrome - because according to data from the beginning of the year, that browser is represented by as much as 65% among all other browsers, which means that fake updates target exactly that group of users.
If for some reason you don't want to use Tor (which is definitely recommended), one of the better choices is certainly Firefox. The message of this story is that if you are already in the world of cryptocurrencies, then adapt to it in the best possible way.
Actually i think that's a good recommendation Firefox is a good application for browsing and is highly recommended by most of the users, this is why most people prefer using Firefox instead of using Chrome. However Firefox was introduced in 2004 and they gain more popularity within a year, before the adoption of Google Chrome in 2008. However from my investigations i have come to realize that Google Chrome has gain more popularity over Firefox, this is why scammers are using them to attack people because they know that Google Chrome has gain a lot of users in their application. |
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