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September 29, 2025, 01:07:05 PM *
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1  Local / Politics and society (Naija) / Re: Balancing Financial security and Bitcoin Accumulation on: September 28, 2025, 09:52:50 AM
Quote from: Bryan jessy on June 11, 2025, 10:26:28 AM
Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.
How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!
2  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: September 27, 2025, 10:30:27 PM
Quote from: sotelorene on September 27, 2025, 07:34:53 PM
Quote from: Just Common on September 27, 2025, 07:06:54 PM
Quote from: MusaPk on September 27, 2025, 06:20:12 PM
Quote from: Victorybit1 on September 25, 2025, 04:08:43 PM
Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?

The reason why am asking this question is because with the right approach I think this can also be done and even help you get good value of bitcoin when the price dip but there are conditions that would prompt you to actually sell some fraction of your investment. 

Let's say your investment has reached the amount of years (5+) you set for it and it's now time to sell with the motion of selling being tied to the fact that the upcoming season is probably going to be the bear market, isn't it going to be a good move to actually sell portion of your portfolio (not all) and then still continue with your steady buying and as you are running your normal DCA you are still active on the bear so that when the dip comes you can buy back with that sold amount from bitcoin portfolio so that your value of bitcoin is bigger and still go on and continue with your investment plans.

I still don't think it's a good idea to sell your Bitcoin with intention of buying them back later. Those who follow this strategy will only get few bucks of profit and they deny themselves from the real profit which Bitcoin gives in the long run.

We are not sure when bull and bear season will start and end. Even if you are accumulating Bitcoins for last 5 years there is no way you can ascertain that when bear season will be starting. Our first target must be to be gather enough Bitcoins and that requires considerable time. Once you have enough Bitcoins and you think you are getting enough profit then you might think of shorting some. But that will require at least 10 years.   


I want to say that those who are using Bitcoin. Their first goal should be to plan for long-term Bitcoin. As the days go by, Bitcoin is increasing in popularity. Different countries are showing interest in buying Bitcoin and are stocking up Bitcoin with sufficient planning. They are waiting for something good ahead.

You are absolutely correct, in any business or Investment in life one should always set a target or goal before any other thing but setting a goal and target sometimes is not what matters the most rather what matters the most is you working persistently and very hard to achieve that goal or target. I believe everyone in this world has dream, target, goal etc but some are unable to get it and the reason behind this is because they are not consistent, they are not working towards it though some are working but they are not working harder because at some point you need to stretch yourself because nothing is easy so we should try as much as possible to work hard after setting and defining our goal.
We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit
3  Bitcoin / Bitcoin Discussion / Re: Risk, Uncertainties, Unforseen Circumstances on: September 26, 2025, 04:27:42 AM
Quote from: CTO114 on September 13, 2025, 05:26:13 PM
There's been a clamour for Bitcoin to be used for more important payments, let's say for tuition.

What's the biggest risk when using Bitcoin to make important payments?

I don't think the price of Bitcoin will drop in 10/15 years! And if we keep the currency for 10/15 years, its price will stay the same, but the price of Bitcoin will increase even more! I don't think there will be any problem with Bitcoin! Rather, you can profit, one day you will see that the currency circulation will increase and the whole world will run on cryptocurrency!
4  Bitcoin / Legal / Re: Markets in Crypto Assets Regulation (MiCA) discussions on: September 25, 2025, 02:01:22 PM
[quote author]=bittraffic@
Banks these days a preventing their depositors to withdraw even when crypto regulations are yet not carried out. I'm sure it will happen since the crypto regulators have all the power from collecting the data to freezing stablecoin. Regulation is often concentrated on stablecoin.

I think there will come a time when the whole world will run on cryptocurrency. If you think back a long time ago, you can see that people could get everything with gold. Then, gradually, when the world started to develop, people started using currency, and just like that, there will come a time when cryptocurrency will run on.
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