Secondly, Bitcoin is compared to gold as a store of value. Which is what almost everyone compares. But have you ever seen someone buying gold with debt?
There likely have been people using debt to buy gold, especially if they believe that they are in a period in which gold prices are about to go up, yet, sure, it may well make less sense to borrow money to invest in gold since gold is largely a mature asset class that may not have as much chance of upside. If someone buys gold on loan, then to me it seems more of a hassle than a profit. Because, the price of gold increases slowly. Usually on average 3-7% per year. On the other hand, the interest on the loan can be 8-16% per year or more. In this case, there is a risk that the cost of the loan will be more than the profit. It may not be possible to hold gold for a long time due to the pressure of the loan. JayJuanGee Sir, what you mentioned that perhaps some people have used loans is very true. But their method may be different. It may also be that they have taken the loan from someone they know. The acquaintance may not take part in the interest or profit of the loan. Or it may be something different. Actually, no one does that. It seems completely unreasonable. If we consider it unreasonable to buy a stable asset like gold with debt, then taking a loan to buy a volatile asset like Bitcoin seems even more unreasonable to me. What do you think?
You are arguing nonsense, even though sure it might not be a good idea to take out loans to buy bitcoin, yet you surely have not argued any kind of a convincing point of view. JayJuanGee Sir, maybe my statement did not sound convincing to you. The main purpose of my statement was to explain that the risk level in investing with debt is so high that if the market goes in the opposite direction at the wrong time, it can seem like a death sentence for the investor. However, I admit that sometimes there can be a possibility of opportunity in investing with debt. It is like light and shadow. Just as light creates shadows, bad things hide behind good things. Bitcoin has been providing opportunities to investors for more than a decade. It will continue to provide opportunities to investors for many decades to come. The real goal of Bitcoin is not to jump into risk blindly due to the hunger for quick opportunities and dreams of profit. Rather, by prioritizing one's basic needs. Long-term investment with extra money can be the success of all of us. People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms. We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar (and other fiats) has been undermined through the years and even debased through the issuance of debt. Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways. Sometimes most people uses loans for different purposes, and sometimes they use loans for something that is quite meaningless, something that would end up not getting the full complete financial benefit of what they intend to do with their loans, but in the society that we find ourselves, most people who have to borrow money and find themselves in debt have usually not go the benefit of the loans that they have been able to acquire and most likely aren’t able to pay up their loans because of what they have initially invested the money didn’t really work out for them, and they might end up using their collateral for their financial damages. Well for the purposes of getting a loan to invest in bitcoin, well if we have a good financial plans, that we want to get some loans and buy bitcoin it should be that we also have a different plans of paying up that loan so it doesn’t have to affect our bitcoin stash, so we can avoid a situation where we have to touch our bitcoin stash just to pay up our loans, this are situation we should try and avoid, that is why it makes more sense to invest in bitcoin with our discretionary income, instead of taking loans, but I will not discourage it if we have plans of taking care of our mortgage. Come to think of it, there are people and wealthy men who take advantage of this loans for their business and still end of being successful with their business and taking advantage of the loans to make more financial aid, and get more loan interest, and still end up being successful in their business. |
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time and time again
I dca minę every day and hodl.
and I sometimes buy the dip and hodl.
and I keep cash on hand for expenses so that I can hodl.
jjg simply does not understand I changed my methods and no longer use btc as a p2p method.
bots can be stupid at times.
I understand that certain individuals prefers certain methods, but it will be wrong if we lay an emphasis that certain method of buying bitcoin most especially buying the dip, by saying that buying the dip is superior to buying through the DCA, which is why you seems to have that priority of holding some cash for buying the dip and I will tell you that buying bitcoin on a consistent and regular basis is a much more efficient exercise, most especially for we plebs who are not able to buy through the lump sum, and aren’t also able to save money to buy through the dip just like you have suggested, because of lack of financial enablement and minimum cash flow. However we can also understand that we have that responsibility of taking care of our expenses which is why we have to figure out our basic expenses as something that we have to take care of, and also there are things that we can decide to adjust and to give ourselves that opportunity of buying more bitcoin consistently on a regular basis, instead of saving that money to buy an unprecedented dip. |
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Finally we saw this Liverpool losing.... theyw ere saved so many times in the last minute in this season, grabing points from nowhere, but this time it was their hour, they need to lose, and maybe is healthy for them, they can start to fix some very deep troubles on the team.
Congratulations on Cristal Palace side, they are doing super good.
Now a question, it really worth 130 millions Isak?
You must be very excited that Liverpool lost and that is a huge achievement to Arsenal because they have finally won the Premier League, Congratulations to Arsenal for winning the Premier League, I think Liverpool played a very good game of football, and football is played for 90 minutes and Crystal Palace scored in the extra-time, well Liverpool have done this so many time this seaon, If Liverpool had won this way it would’ve been a different statement from you, every team looses game, so there was nothing special Liverpool loosing today. Isak have just played his second game in the Premier League, and his first start of the season and you’re already asking questions about his price tag, and what would you have suggested he would cost in the player of his caliber. I was expecting you to say Congratulations to Arsenal instead of Crystal Palace. |
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There is a loss in the value of our holdings, but we do not lock in our losses by selling, but instead we should be keeping on buying and have systems in place to keep buying until we have enough or more than enough, and that can take a couple of cycles to start to get to that point where we are starting to feel that we have enough or more than enough
I must say you’re absolutely right, definitely there are times when we have to encounter some losses in the value of our holdings, but I would say there is no a time we should dwell on our amount of looses, especially when there are time constraints and uncertainty and downturn, the is a time where we should be motivated to continue buying more bitcoin and stack up bitcoin into our portfolio, I think our level of stacking bitcoin should be tremendous with buying and holding, because I’m sure when there is a downturn in the market, should be an opportunity and an extra motivation to keep buying and holding more bitcoin into our portfolios. As time goes on we should achieve our goals of buying and accumulating more bitcoin with our plans of one or two circle depending on what we can achieve. |
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THEREFORE, I BELIEVE DELAYING INVESTING IN BITCOIN UNTIL WE HAVE DISCRETIONARY FUNDS IS A BAD IDEA. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.
What do you mean by delaying or don't you know people inflow of discretional income aren't the same. If you think figuring out your Discretional income from your salary/Business income is time delaying,then It's obvious you have been investing in Bitcoin outside of your discretional income which is awful. You're not in any kind of competition,so therefore you don't have to consider waiting for a discretional income to accumulate Bitcoin as time delaying. We have been taught several times on the thread to Buy Bitcoin whenever our discretional income is available but it's obvious you have been doing otherwise. Buying Bitcoin outside of your discretional income is Gambling and it is inappropriate for an investor to used funds meant for his basic needs to accumulate bitcoin. Well I think you’re wrong quoting the initial quote @Cossyblack, When I have seen the initial quotes here from @Silikiem and that wasn’t said in the initial statement, judging by your time here in this platform I would suggest that as a mistake, and you completely misunderstood the initial statement which wasn’t really said by the author of this quote, you could try to check the initial statement from @Siliekiem before making the claim in your statement. |
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I wonder why people get different narrative concerning William Saliba rejecting Real Madrid, his contract with arsenal is not over yet. This is not about comfort zone because William Saliba is a competitive player and Real Madrid is also not a small club, they needed Saliba reason why he got an interest from Madrid definitely the competitive state might be tough at first still with time he’ll adapt, the competition most people talk about while rating players is absolute wrong.
I don't really see the issue here, I think Saliba might just want to win a major trophy at Arsenal and continue to cement his name to become a club legend there, after all the club are fighting hard with themselves to keep their star central back which is a sign that they want to compete and improve. I don’t think signing a contract at Arsenal means that William Saliba can’t move to Real Madrid anymore, but for the record I don’t like a situation where players will want to run their contract down just to move to Real Madrid, and it’s only one club who are very likely to be doing this and that is Real Madrid, I like the fact that William Saliba signed a contract, if Real Madrid really want the player they should pay money for him and negotiate a deal instead of wanting to get a player for free, I’m happy that Real Madrid have been disappointed by Arsenal and Saliba, And I think Ibrahim Konate should also do the same by sighing a contract at Liverpool and get Real Madrid disappointed, If Real Madrid wants to sign a player it shouldn’t be for free, that is something I don’t really like about this Real Madrid and Florentino Perez, if they want player for free they should get them from their academy. |
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 The picture above was the list of CBs to leave from their clubs for free in summer. So here's my prediction for some names above. Konato from Liverpool to Madrid (Rudiger's replacement) Guehi from Crystal Palace to Liverpool (Potential Giovanni Leoni's replacement due to the ACL injury) Rudiger will go to somewhere as RM have no plan to extend his contract(along with Alaba). That's the only things i know and rest may go to the somwhere.  I think it’s already agreed that Marc Guehi would be moving to Liverpool, I don’t really know when this deal is going to happen either Winter transfer window or Summer transfer window, but I’m sure Marc Guehi would be moving to Liverpool, But considering the ACL injury to Giovani Leoni I would definitely think Liverpool will be going back in for Marc Guehi in January, because I don’t know how Liverpool are going to play through with 3 defenders, I think that is the mistakes they have made not sighing Marc Guehi earlier the summer transfer window, and now I believe that mistake is coming to hunt them now. Should either of Van Dijk or Konate get injured they are done. Dayot Upamecano would be a very good addition to Liverpool defense should Konate decide to Leave the club for Real Madrid, who have refused to renew his contract, But I’m thinking Liverpool would be more interested in Signing Bastoni from Inter Milan, who will be a grate addition to the Liverpool defensive setup. |
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The Palace defence is going to give them issues just like Burnley did before Hanibal caused the penalty that led to the winning goal.
But I still see them winning against Palace.
Im looking forward for this game. I have idea about how this game will end, but seeing Crystal Palace plays without Eze. It feels so weird for me. I hardly to believe they will collect three points from this game. Yeah, they're strong in defense, but getting unbalanced compared to their attackers. It means i'm less confident for them to score, but no complaint about their defense. I know they're still capable enough in upsetting Liverpool, but unlikely to win the game and just draw. So betting on Liverpool would be a nice choice. I will prefer betting on Liverpool to win this game, because this will be a very spectacular game of football between two teams that are yet to loose games this season, and from the information I have heard, Crystal Palace are unbeaten in their last 18 games since last season, so I believe that will be a very tough opponent to Liverpool, but if I should be betting on this game, Liverpool will be my favorite to win this game, just like you have said Crystal Palace are strong defensively but after selling EZE they have been left short in the attack, Pino who was brought in to replace Eze haven’t really hit the ground running right now, But I must say it will be a very difficult game for Liverpool away at Crystal Palace is always a difficult game for any big team. |
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prices are lower. Starting a dca say 100 usd a week for a year would be an okay move. Doing 100 usd a week for 2 years would be better. As long as you Just stack them and hold them.
Yes you’re absolutely right, that would be a magnificent idea, and I will really like to take this approach of buying on a weekly basis or even more on a weekly basis, considering buying $ 100 every week for one year or probably one year or two year wouldn’t be enough time of holding bitcoin, but I would like to buy and accumulate that on an interval of 4-5years intervals or it might not be enough I could consider it for two(2) circle minimum and that wouldn’t be a bad move by the way, but the challenge is having enough discretionary income at my disposal to be able to buy on this amount also considering my basic expenses for a weekly or monthly expenses and then trying to figure out how much would be worth my discretionary income, if I could also work on my cashflow and adjust my expenses. |
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Look you need a chunk of side money. Actually 2 chunks of side money
1 for the dip and the other for dca.
Using mining to dca
and I have a chunk of side money for dip buys.
Lastly I have cash for expenses.
And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..
I understand what you’re trying to say, and it could make a lot of sense when we have different cashflow and that would be a bonus and more boost and motivation towards buying and accumulating more bitcoin, but as an investor who would really appreciate to stay consistent with my accumulation, I would really want to have different options of financial flexibility. I know it’s good to buy on a consistent basis using the DCA, and also if I have the opportunity of saving some money aside and buy during the dip, that is also a good strategy considering that I didn’t wait for a particular dip to occur and then stop accumulating consistently, well not everyone that would have the financial means of saving some money aside, knowing fully well that we are buying through our discretionary incomes. As an investor in Bitcoin, I’ve tried different approaches in trying to buy Bitcoin, using the DCA and lump sum and also buying the dip, but I think all methods are good based on the strategy and approach that we have for them, because I’ve actually tried saving some money for a dip and that didn’t still stop me from buying on a regular basis, and most investors can’t do that without having enough money and having different cashflow, and financial planning to achieve that, because we have basic expenses to take care of, and it’s a guarantee we have to pay bills for basic expenditures. So if we have to achieve this plans it is necessary that we have different cashflow to enable us keep up with this process, because I will like to appreciate buying through lump sum and buying through the DCA and buying through the dip when it’s necessary and the opportunity comes, that is the more reason I have decided to work on different cashflow and also work on my expenses and make some adjustments to enable me buy and accumulate more and more. |
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Liverpool's weakness this season is clearly their back line, which has been frequently penetrated by opponents. This is in contrast to last season's Liverpool, which looked more solid across all lines. However, we know this team has also had several players leave. So, differences this season are unavoidable.
The way Liverpool are conceding unnecessarily, then it’s obvious that that their back line is so poor, Liverpool defense is kind of poor, and that’s why their opponents are always finding it easy to penetrate. If you notice most Liverpool matches this season, their winning goal is always towards the ending of the match, and they are always conceding in their matches, Liverpool will have to work on that, because it’s going to affect them as the season goes. The strong attack that Liverpool are having is the reason why they are in their current position, if not for their attack, then any team which they play against will find it easy to win then, but their attack is making them score more goals in matches. It’s funny how people keep saying that Liverpool have a weak defense, If I may ask you a question does having the best defensive win you a title or its by winning games and getting 3 points when necessary, every teams do concede goals, as a team you will definitely concede goals, when you play and score so many girls you will also concede goals because you will not be too defensive it’s an all attack style of play for Liverpool, and they have kept a clean sheets it’s not like Arsenal did score against them, Arsenal is a very good team but they couldn’t score, I think if Liverpool wants to be defensive they will do it because it’s quite simple to be defensive, not every teams does that but Arsenal are very favorites defensively. Like I said Clean sheets doesn’t Win you titles, you can win your game anytime because football is 90 minutes, And Liverpool aren’t worried about their defense, so you shouldn’t be worried. You have to worry more about Arsenal and Arteta winning games. |
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Atletico Madrid didn't start this season well. They were losing against Rayo, but they managed to turn the game around. Julian Alvarez shone like a real star. They have Real Madrid derby coming up in three days, they boosted their morale before that game. I don't think they have much chance of challenging for the top two this season but they won't want to give up too early either.
Diego Simeone has been managing this team for years, perhaps it's truly time for a change. This topic has been seriously discussed in recent months. This could really be his last season.
Athletico Madrid I must say have not been good enough this season that have had a bad results and they have been struggling to get results this season, They were fortunate to win against Rayo Vallecano, and Rayo was just up and ready for the game with a good performance, But Athletico Madrid had to buckle up themselves and try to win the game, but I must say it was a very exciting game of football the both teams was just up for the task but after a good performance Rayo lost the game, and thanks to Alvarez who scored a hatrick and won Man of the Match with a good performance Rayo lost. However the game against Real Madrid this weekend is going to be a very strong game and a derby game, But I wouldn’t be surprised if Real Madrid win the game, because Real Madrid are a team in form right now and they have won all their games this season, Xavi Alonso is doing a very good job right now, Athletico Madrid are starting to pick up form right now, so it will be a very interesting game to watch, derby always comes with a lot of surprises. |
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Arsenal fans are the most delusional fans I’ve ever seen in football, I was very happy that Pep Guardiola played Arsenal to their own game, so they will feel how other teams feel, when they are playing a low block game against teams, Last season when they went on away to Manchester City, this was the same approach Arteta had when he scored he was defending, This season when Arsenal played against Liverpool this was the same approach they had, they were only interested in playing a draw and unfortunately for them Liverpool scored against them, if Arsenal had scored Liverpool first in that game, they would’ve gone to playing a low block game, they had the same approach against Manchester United, people are now saying they Arsenal are strong defensively why are they strong defensively because they are defensively minded team.
I’m very impressed with Pep Guardiola approach in that game, so they will also feel how other teams feel when they play that style of football, they were even fortunate to get a draw, they deserved to have loose that game.
My dear, it's football and every team has a way they want to play to get victory. Even though to a certain extent some Arsenal fans do not like the approach of Arteta presently towards their opponents yard, they would keep working it out till it works perfectly. I also want to add that football is not a thing of feelings, like you said, that you were very happy that city had to play Arsenal to there game so that they would feel the same way they make other teams feel. You make me smile. All I can is that all teams go to match with one feeling in mind, thats to win the match. Saying that Arsenal went to a draw against Liverpool is another blunder, how can they go for a possible draw for a team that hasn't won them for few seasons. It's just football, it's either you win, draw or lose. For me, I would want Arsenal to keep the pressure up and always high, beecausw tey have all it takes and quality players, and a nice sub power too. What stoos them from always pushing maybe team strategy and instructions from the manager, and that's just it. With time, things and pattern can also change too. But for the records, there is nothing an Arsenal fan would exhibit now that all other teams and or fans don't do. They are even worst. Now I understand your sentiment as an Arsenal fan, well if you’re saying there is no feeling in football, then I must tell you that Fans have feelings, and I have said what I feel that I’m happy the way Pep Guardiola played Arsenal to their own game, When Arsenal are playing the bigger opponent or a title rivals, they will hardly take any risk of winning the game and would prefer a draw rather than playing to win Arsenal have done this on several occasions and several football matches, Arteta always have this approach, Last season at Ethihad that was the same thing Arsenal did, score a goal and defend, and Manchester City was the only side playing that game, they refused to play and decided to be defending and conceded a late goal, so now I’m happy Pep Guardiola played Arsenal to their own game and took two points away from them, now they know how it feels when you’re playing a low-block. Against Liverpool, Arsenal doesn’t have the Audacity to win that game, they prefer playing a draw instead of loosing, unfortunately for them they lost the game, Arsenal always prefers to defend and don’t take risk against bigger opponents of title rivals. There should be no complain from Arsenal fans because their team plays to defend on low blocks as well just to win games or get a draw, against Liverpool, Arsenal wasn’t interested in winning that game, they prefer to take a draw and they didn’t take any risk to win the game, they rely on long throws and corner kicks to win games, if Arsenal have scored Liverpool earlier they will be playing more defensively just like Manchester City did to them. |
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Arsenal was superior to Manchester City by far, this Manchester City is not longer what it was, Guardiola cant find the path to follow and i start to think he cant find the correct players to develop his way of playing, he is in BIG trouble right now, all his glass castle is falling apart.
I hope to see him leaving, we have enough of him there.
Joke of the day, calling Pep is in trouble is obviously BS. Why don't you even call Arteta is in the worsen situation than pep caused by he won nothing (Major trophy) after almost 1 billion spent? Stop being delusional, and accept the fact!  Arsenal fans are the most delusional fans I’ve ever seen in football, I was very happy that Pep Guardiola played Arsenal to their own game, so they will feel how other teams feel, when they are playing a low block game against teams, Last season when they went on away to Manchester City, this was the same approach Arteta had when he scored he was defending, This season when Arsenal played against Liverpool this was the same approach they had, they were only interested in playing a draw and unfortunately for them Liverpool scored against them, if Arsenal had scored Liverpool first in that game, they would’ve gone to playing a low block game, they had the same approach against Manchester United, people are now saying they Arsenal are strong defensively why are they strong defensively because they are defensively minded team. I’m very impressed with Pep Guardiola approach in that game, so they will also feel how other teams feel when they play that style of football, they were even fortunate to get a draw, they deserved to have loose that game. |
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Seeing Nottingham in the bottom half is proving what i predicted before. I believe Ange would be a flop when he joined Nottingham Forest. They went from Nuno who really fit their football philosophy to the Ange who is complete opposite to them. So, this is their consequence when their team took it so long to adapt Ange's gameplay. Nottingham owner, Marinakis should be the one that must be blamed over Ange's signing. He's the one who reponsible to the how poor his team's performance He maximised his club's chance of failures. He also wasted his club's hard work last season when Nuno was still there. I don't see chance for Nottingham to go back competing for the europe spot. They're just a banter club now. One challenge in football is making so many changes all at once, I think sacking Nuno was a very bad decision, Nuno was just the perfect manager for Nothingham Forest, you don’t expect the team to be playing well after sighing so many new players that doesn’t fit into the playing style of a manager, and also appointing a manager who doesn’t have a very good record in the Premier League after his two seasons with Tottenham ended with a bad position in the Premier league. The owner of Nottingham Forest didn’t really act well when Edu was appointed as the director of football in the club, I think they started having some issues which I think was not necessary, he should have made peace with Manager and the Board and continue with Nuno, I don’t think Ange Postecoglu can manage this team better than Nuno. |
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Chelsea advanced but had to struggled to get this win, even had to come from behind, thanks to Tyrique George and buonanotte for putting them ahead just after 5 minutes after the break. A qualification is what was required and they got it done.
Liverpool also had to do it the hard way, isak got his first Liverpool goal and also Ekitike continues to flourish in front of goal.
Brighton put 6 pass Barnsley as they advance to the next round in style.
The Brighton result was most unexpected, scoring 3 goals in each half to get 6 goals at the end of the final whistle, an interesting result for the team but; you wouldn’t find them with half this performance in the premier league. Liverpool nearly took their game to a penalty shootout. These guys have had some luck in this season, always finding a way to score that late goal that helps them secure all the points in a game. Southampton didn’t play any badly though. When I saw Chelsea loosing by a goal in the first half, I had hoped they would find a way in and not so long into the second half, they did. Chelsea often waits for a push before they get the job done, not so good of the team. I think it was an all round game, but I was more impressed and satisfied with Brighton winning because they had a very good and spectacular performance against the Burnsley team, where they have to hit them on 6 goals to Nothing, with Gomez scoring scoring a hatrick he was also very good and Ayari also played a very good game as well with a good performance. Liverpool also played a very good game, but I wouldn’t really say it was a good performance, especially after the first half they left their foot off the gas and allowed Southampton into game, but Liverpool who always knows how to do a late comeback, scored a very good goal from Chiesa who is the man of the match to give Hugo Ekitike an assist to scoring a goal. Chelsea wasn’t very impressive with their performance they were not very good with how they have played the game, most especially how they approached the game, but they still did find away to win the game, well the big teams always knows how to win games when playing this smaller teams. |
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What are the basics that the newbie needs to learn about bitcoin before getting started?
I believe that this thread have really helped me a lot ever since coming into here, Well I must say that I have really learnt a lot here more than I can ever imagine, Getting started with bitcoin like it’s always said here, we need a simple basic knowledge, which is more about learning how to buy bitcoin and possibly a safe wallet where to hold our bitcoins, and also learning that we need a discretionary income to start investing in bitcoin, because some newbies makes that mistake of investing in bitcoin with money that is meant for their expenses and expenditure. However along the line we can keep learning more about Bitcoin when we have started buying and accumulating bitcoin, but the most important thing is just getting started with investing with Bitcoin, then we can latar learn about Emergency Fund and Reserved Funds |
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Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.
I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay. Yes, Bitcoin was created by Satoshi so that anyone could buy it, regardless of race, religion, or anything else. So, if you say Bitcoin isn't for everyone, I think that assumption is completely wrong. Also, if you mean that poor people shouldn't buy Bitcoin, I think, financially, that's both true and false. Basically, even poor people, if they have a strong desire to invest in Bitcoin, I think they can. As long as there's a desire, I think there's a way. Even rich people don't necessarily want to buy Bitcoin if they're not interested. So, the bottom line is, whether rich or poor, I think we just need a desire to invest in Bitcoin, and sooner or later, we'll be able to invest in Bitcoin. Therefore, I disagree with the assumption that Bitcoin isn't for everyone. Basically, if there's a desire, anyone can buy Bitcoin. Poor people have trouble producing discretionary income and an ability to hold and continue to add to an investment for 4-10 years or longer... Yet, bitcoin is still available to poor people, even though they could end up contributing to their own financial harm if they invest into bitcoin beyond their discretionary income.. Not all poor people are having trouble producing discretion income, it could be poor people without planing or financial management. Being poor doesn't signifies not being able to have discretion fund or income, but due to the way some people kept themselves it now looks as if they can't have discretion fund or could end up contributing to their own financial harm, but I bet its not always like that. Just that some makes it look so. Besides that I don't know how we can quantify a poor person, because I see that each person has his level of income and provided they can afford as little as they can then they can't be considered poor. To me a poor person in Bitcoin investment is a person who can afford to buy any amount of Bitcoin despite the amount they have. They might be rich but lacking the passion of investment into Bitcoin can be considered poor. To me a no coiner or low coiner is poor minded but an investor who invest as little as they can afford without being biased can be considered rich because rich and poor is not the finance but the mindset and how we take investment seriously that can determine who is rich or poor. A poor minded person is poor, while a rich minded person is rich if put to action at the right time. A poor man is some one who cannot provide or lacks financial resources other to meet is basic needs and a good standard of leaving, who is below social standard and so if you have such person how then do you want him to invest in bitcoin because since he can't provide all these needs for himself, how then can he set aside discretionary income to be invested in bitcoin, it is only if he chooses to come out of his poor situation that he can be able to get a discretionary income they he can reason and plan about his bitcoin investment using the dca method which is a very easy method of accumulating bitcoin for a long period of time which will help him come out of his poor financial state. There is every possibility that people who find themselves in this similar situation would find it difficult accumulating or buying bitcoin, that is why it would make more sense if someone who have interest in buying bitcoin should always find a way to create a cashflow or something to have an income that would definitely create an opportunity for discretionary income, bitcoin is very easy and simple to buy and accumulate because you dont necessarily need a lot of money to buy and accumulate bitcoin, a little discretionary income could happen to be enough in buying and accumulating bitcoin, I think even poor people doesn’t live without eating, there are still little means in which they can possibly be making money, and be taking care of their expenses which is why they can be able to afford bitcoin if they possibly have a cashflow. There are people who are called poor but if they have a mindset of buying bitcoin they can still possibly do it, that is why we have poor and average and wealthy individuals, as the level of cashflow is different that is how the amount of bitcoin accumulation will be different, but that doesn’t stop anyone from possibly buying and accumulating bitcoin. |
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Understanding its potential is crucial from the outset. Realizing Bitcoin's immense profit-generating potential will spark interest in learning the basics. Learn what Bitcoin is, how to own it, and other fundamentals before proceeding. Everything we want to learn and explore further can be discovered throughout our investment journey, and once we experience the benefits, it will motivate us to continue accumulating more Bitcoin and achieving our long-term goals. This is why it's important to understand Bitcoin from the outset for the long term, giving us time to accumulate more Bitcoin, increase our knowledge, and increase our profits.
It's safe to say that when you're considering investing in anything, especially something as risky as Bitcoin, it's crucial to learn a deep understanding of it. This not only builds confidence in your investment, but also helps you expand your knowledge and increase your profits. Many people especially beginners sometimes buy Bitcoin without thorough knowledge simply following trends especially now that Bitcoin is at a high price. However they won't be prepared for the high price fluctuations that can lead to panic. However if you have knowledge and have thoroughly studied Bitcoin when fluctuations occur they won't panic because they know that price fluctuations are perfectly normal and can even present opportunities to buy at a discount and hold for the long term. In short investing in Bitcoin requires not only knowledge but also mindset to ensure long term investment. My dear pleb, it’s never safe to say when investing in bitcoin you’ll have get deep knowledge and understanding about bitcoin, are you literally saying I will have to wait and get all the necessary information and knowledge before I can start investing and building my portfolio, We all know that investing in bitcoin could be risky but not as much as not investing when you decide to acquire all the necessary knowledge like you said and then you keep missing out on opportunities to invest and accumulate bitcoin. Beginners doesn’t require thorough knowledge before they could get started with bitcoin, if a newbie wants to start investing in bitcoin, it’s just having a discretionary income, and also know which exchanges are quite safe to buy and hold onto our Bitcoin, people knows that bitcoin is a volatile asset and if you want to buy and invest in bitcoin it’s more advisable to keep buying through DCA for a low discretionary income account, stay consistent and hold for a long time, then you can make a lot of progress from there, instead of waiting to get all the necessary knowledge like you said, which I think aren’t necessary. When I started investing in bitcoin I didn’t require all the knowledge before I started, it was just as simple as having a discretionary income first, then I decided to start looking for a safe exchange where I can buy and hold my Bitcoin for a very long term, I didn’t just learn everything all at once, it was just a little by little process as I continue to invest then I was learning how to hold onto my bitcoin, and also having an emergency funds and a reserved funds along the line while I was still investing and holding. |
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Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality.
I disagree with you, because Bitcoin is for everyone and everyone can afford Bitcoin, Bitcoin is not something that you need to buy with hudge amount of money, the way Satoshi design Bitcoin, it allows us to buy it fraction by fraction consistently with our discretionary income using the DCA strategy until will accumulate a good portion of it and hold for Long team, let's say 4 to 10 years or longer in other to make good profits from it. So stop discouraging people by saying that Bitcoin is not for everyone, and not everyone can afford to buy Bitcoin, because it's wrong okay. There is slightly some bit of different opinion sincerely speaking Bitcoin is for everyone and it can only be for everyone when you have a cashflow and discretionary income to start investing and continue accumulating, I think you can only invest in bitcoin when you have a discretionary income, but the question should be when you don’t have a discretionary amount can you be able to invest in bitcoin? I think there are people who invest in bitcoin with money meant for paying for their expenses and other expenditures but that is definitely a bad way of investing in bitcoin, which might be a blunder in the sense that we might end up causing blunder with our investment. Definitely we can say bitcoin is meant for everyone, but the challenge is having a discretionary income, someone who doesn’t have a job and is jobless and doesn’t have a cashflow would have a financial challenge investing in bitcoin, because it’s only when you have a cashflow and discretionary amount we can possibly invest in bitcoin. |
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