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1  Local / Nigeria (Naija) / Re: Dem Oga at the Top Talk Say Crypto Machines Fit Spoil Economy on: May 10, 2024, 04:01:59 PM


Las las sha, dem talk say anything wey person nor understand, na so e go dey fight am.
normally, there is a high knowledge gap between most of this people at the forefront of our major agencies and what's really obtainable today. What they are just trying to do is to link the fake dollar they ceased to crypto source since they've successfully painted a narrative that the problem of this country revolves around the dollar and the best way to do it is by just talking about crypto machine without knowing how crypto works. Is there anything that's even called a crypto machine in the first place?

It's just a disgrace that they are fighting against what they know little or nothing about. If you ask that man how the supposed crypto machine will affect the economy you will know that he obviously knows nothing about cryptocurrency. How many persons in this country has even considered going into mining of Bitcoin? That's even if he is talking about mining machines. Even if it's a mining machine, is mining machine that small? If they are even wise and updated about what's happening in the county they should know that such thing isn't even feasible in a country as ours.

No be only small cryptocurrency machine that can do a lot of harm to our economy 😂
Shebi the machine corrupt pass our politician abi?
2  Economy / Gambling discussion / Re: Where Will It Go If The Money Comes From Illegal Source on: May 10, 2024, 01:47:09 PM
I read they will turn over the money to the authorities.
if the money is proven to have come from an illegal source, yes, it is part of AML regulation(as far as I know), as members have already mentioned, the casino doesn't keep the money, they must report if they believe the funds from an account came from an illegal source. also, if casinos don't report incidents like this, they will most likely lose their license and face penalties.
that's what I was actually looking out for. There is every possibility that the money wouldn't get to the authority even after it's been withheld from the person's account but I guess to avoid sanction they wouldn't want to keep the money to there self.

But the main issue is how to identify that a particular money is from a fraudulent means or not. People have sources of income that's not all that illegal but that's also not that genuine to have made it public as an occupation or so and if that's going to be the reason for ceasing a person's fund it might be a bit unjust.
3  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: May 10, 2024, 09:05:17 AM
We don't need to doubt the mentality that Real Madrid has, especially if it is a final match. From the record of those who managed to advance to the final several times, their record of winning in the final was almost perfect, only a small percentage of them failed to win in the final.
Their opponents are Borussia Dortmund who are considered no better than Real Madrid, so their chances of winning again in the final match and winning their 15th title are increasingly open.
Yes, they were the best team when they were in the Champions League, they were the most successful team in this competition by winning 14 times. Their current strength is also very good, they have very reliable players. Even though they are still young, they can answer the trust of a coach.
A comparison of Real Madrid and Dortmudn's mentality in the UCL Final will definitely be very useful. Because Real Madrid is far superior and far more experienced in the UCL Final. Even in terms of performance, we can see that Real Madrid is indeed better. So there is no doubt that Real Madrid is the favorite in the UCL Final this season. Dortmund might just be like Inter Milan last season. Where they were ultimately defeated by the superior team, namely Man City. But I don't want to underestimate this team. because I see an advantage that Dortmund has is that they are good at taking advantage of the opportunities they get. But of course I will favorite Real Madrid. Because I think the difference in strength between the two can actually be slightly visible even from now on.
from the look of things, we've already played the finals with Bayern munich and this finals won't be a serious knot to crack to be honest. I know that Dortmund has a very intense attack that could be a serious treat to the real Madrid defense but with the likes of rudiger nacho and Alaba at the defence, it's definitely going to be an hard knot to crack through for the Dortmund side.

If vini jnr is able to bring the kind of intensity we saw him play with against Bayern Munich into this finals which I'm very sure he will do so, it's certain that Madrid has already won the ucl before the game starts. But then, this is football, there ain't any need to underate any team. Football is magical, the least team can come out to win the supposed stronger team but from a realistic point of view, it's all showing that what we will end up seeing is a usual scenario where real Madrid will eventually emerge the winner of the tournament and they wouldn't do it in a stressful way but will comfortably defeat Dortmund. Would definitely want to see what Jude Bellingham would want to put forward against his former club.
4  Economy / Economics / Re: If you want to be wealthy you need action on: May 10, 2024, 06:18:23 AM
Generally, knowledge without action is just waste of knowledge. This is the reason why we have thousands of knowledgeable people that are roaming around on the street but that aren't making it Big because they've failed to put what they know into practice. Most people that aren't all that smart in school end up being the successful once in life not because they understand life too much but basically because they choose to apply the little knowledge they have in doing something and while they continue doing it, they gradually learn a lot more on the job.

Wealth doesn't happen because you've read all the books about wealth creation or that you've attended all tg seminars conferences that has to do with financial bouyancy. Real wealth comes when you've learnt the little you are able to learn and then you put the knowledge you've acquired into use and find a way of monitoring that little knowledge.
5  Economy / Gambling discussion / Re: 2024 U.S. Presidential Election Bets! on: May 09, 2024, 11:50:14 AM
Just in, Former president Trump openly attacked the Biden Administration's based on the policies it has been following against crypto and called for crypto fans to vote for him:

https://fxtwitter.com/WatcherGuru/status/1788373884418294072

This is such an interesting development. I would assume Trump has been following everything happening in crypto and to an extent had also been personally affected given he released NFT projects. I wonder if the Biden campaign will give in to respond given their up to now total disregard of crypto investors.
dude's been talking alot of positive things lately about cryptos and while to some extent it might look a bit politically motivated, the good side is that it's a great development to see this kind of statement and positive remarks from him and it will certainly go along way yo getting individuals from this sphare into his support network.

https://x.com/WatcherGuru/status/1788371259287327136
Lately made a statement to remove the level of hostility that crypto is getting as a results of the regulations imposed om it and seems to be suggesting that his administration will embrace it fully.
6  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 09, 2024, 11:23:39 AM
What is the stress in buying bitcoin on a weekly or monthly basis utilizing DCA method? It's not like doing a hard job, for crying out loud I'm not even going to pick a pin. All I need is my device and a stable network and it won't take more than 5 minutes to set up my buy order if I am buying from a centralized exchange. Bro there is no pressure there, not that am doing it under duress or gun point, so there is nothing to worry about. So are you telling me that people who invest in bitcoin don't have other real life business that they are managing, if that's your thinking then you are wrong. I can invest in bitcoin with different strategies and still run my real life business without any complications. Many people are doing it. We are not sitting down and breastfeeding our bitcoin investment, so I don't see  what will cause me any unrest. I don't really understand what you mean by if I can't meet up the market. If my funds are available I will surely meet up, because bitcoin never sleeps.

Just that you misinterpreted my angle unrest is the financial stressed up where one will be struggling to meet up the funding as others responsibility will be calling to cut there share on the income you receive as many but where as the income is sufficient I think all you need is dedication, beside we have some individual difference's in regards to self discipline and fulfilling task what seem difficult to carryout by A may be very simple for B.
wether you choose to invest in Bitcoin or not, pressure and what you call unrest will certainly come. It's very much a part of life and you have to always have that at the back of your mind. What's expected of you is to make the right plan that will protect your investment in times of those unrest and that's why we always talk about keeping our emergency funds that will become of use at such instance.

As long as you're holding for the long term, there will come moments when you will fall sick, become a bit financially down, face a bill that's above your budget or face unplanned event that's going to outweigh your income and in those instances, your emergency funds should come through for you and after you've past those momentary set back and things goes back to normal, you can still to add up to your emergency fund such that it gets back to an amount that's comfortable for you. And regardless of the individuals ability or inability to coping with financial setbacks,  the general knowledge is that set backs is part of life that can't be avoided but planned for such that when they eventually come, it doesn't meet us unaware and end up distorting all our plan. If you are selling your holding because you are sick or you're facing a minor challenge, then you're definitely not ready for long term holding.
7  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: May 09, 2024, 09:31:25 AM
Market is something that cant really be predicted as always. Dont expect or anticipate on something or you are that expecting to happen because if it doesnt then disappointment would comes next.
In Bitcoin investment we should be able to figure out the difference between reality and fantasy. Most persons somuch puts there expectations high or not being able to figure out a long term profit from a get rich quick scheme, that is why people often get disappointed when they see an ukward results. We should totally remove our mind from our investment and keep on fueling it on regular, not expecting a short term profit like some sort of gamblers.
it's now very common for most bitcoinner that haven't stayed long in the system to have this kind of fancy idea about Bitcoin price which has led a lot of people to buying Bitcoin carelessly without putting necessary plan in place that will enable them HODL for a good amount of time regardless ot the current price of Bitcoin and you find out that those that just invested into Bitcoin due to the fancy idea they received from people are mostly the once complaining that Bitcoin hasn't gotten to $100k since the halving took place because they probably invested foe the short term hoping to get immediate returns and then sell out thier holding once the market gets bullish.

As someone that's buying Bitcoin from an investment standpoint, you have to be realistic enough and tell yourself the truth that it will mostly take longer duration of time before bitcoin gets too high above this current price and even if we are looking at it from another angle, Bitcoin has been in it bull for a very long time and has been very consistent till it got to this last ATH. And this kind of process we've seen lately that has still revolved around $50k to $70k isn't really any sort of bearish season most expecially for Those that have even invested up to three years ago so it's important to just keep stacking for the long term while getting assured of the reality that even if we still witness series of correction within the year before Bitcoin gets to $100k and above, we're almost 90% certain that buying at any of the price we've seen at the moment will still put us in a good profit margin in the next three to five years from now.



Buy when there's an opportunity when the market dips or corrects and sell out if it do really be able to hit up your selling point
That is not a good strategy, your strategy speak more of a trader or otherwise a gambler and that could be misleading. Bitcoin investment is not like gambling. Those that followed same pattern or procedures got disappointed along the line. There is no success in trading for a short period of time. Long term investment through DCA is the goal. Your selling point should be when you have met your target after a long term of HODLing. By then you will start thinking of selling. HODLing for long with backup discretion fund is the key. And invest the amount you can comfortably spend without overdoing it rather than some sort of gambling.
while we still put in effort to discourage selling off our Bitcoin earlier than expected as it will in the process cause a serious reduction in the quantity of our stack, let's be realistic enough to know that making statement  Like "there is no success in trading for a short period of time" isn't totally true and might send a wrong message as though it's just only when you're able to buy for a long time that you will make profit out of your investment. if I can buy  a $200k worth of Bitcoin in two years and sell it at $300k, does that mean I'm foolish with my investment strategy or that I gambled with my money? I doubt at all. Making profit is always going to be at the centre of our Bitcoin investments and while in an ideal situation, it's best to HODL for a long period of time so as to get a good quantity of stack and then within such timeframe Bitcoin price might have gone all high putting us at a good profit, if anyone decides to make his investment decision earlier that this and still gets his profit out of his holding, then it's totally not out of place for the dude.
8  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: May 09, 2024, 08:40:15 AM
It's really impressive how the game between the semifinalist all went and how Bayern Munich and PSG couldn't make it to the finals even with every effort made to make sure they get to be the lucky team who gets to make it to the finals of the champions league this season but then the best side always gets to make it through to the next stage of the league, although they all played well but then one person had to qualify.

it was indeed a near perfect semi finals and I give great thumbs up to both real Madrid and Bayern munich for the high level of quality they brought into the game yesterday. It was just a game that brought with it everything and anything you would expect from both teams and the way it ended dramatically goes to show the real Madrid spirit that's always there among the Madrid squads. It's sad that Bayern have to leave the champions league at this time and for Harry Kane who has done a whole lot of job and has put in a whole lot of effort to see that he gets to the finals, it's just so sad that his dreams was cut short in less than 10 minutes of the play while he was taken out of the pitch. But this is football, sometimes it's a mixture of luck and at some other time, the thing that had put in the effort end up winning the game but for this, real Madrid definitely deserves it.

Massive play from vini jnr, he single handedly carried the teams responsibility on his shoulder and was very instrumental throughout all the action that played out in the match. Had lots of one on one chances and created beautiful play out of them all and he surely deserve to be in the finals to yet again give us an interesting and sensational game against Dortmund. It's definitely not the kind of finals most persons might wish for but seeing the level of work and commitment Dortmund had put into there play to have gotten to the finals, they surely deserves it and it will surely be an interesting match to watch but from the look of things, it's becoming almost clear that the trophy is coming back to real Madrid yet again.
9  Economy / Speculation / Re: Road to 100k? on: May 08, 2024, 01:20:02 PM
I totally agree that saving money during inflation is very hard. By the way it is  good to invest but first you need to make sure you have enough money for living expenses. You should have solid budget in place before investing and also save some extra money so you do not have to sell your investments when prices are low. Changing your investment plans because you do not have enough money can be annoying and costly. So I think it is good idea to build a portfolio and also save some extra money it's a smart way to invest.
There is no more enough money for living expenses this days as inflation keeps biting deeper every now and then making money you thought was going to be enough today turning not to be enough the next day and the day after... all thanks to the bastard called inflation.

What I think is, whether of a lower or higher class investor, people should best concentrate on creating an investment portfolio that is within their financial ability and try not to stress it beyond their budget. And very importantly, savings is one thing that can't be overemphasized, having savings aside that should serve as emergency funds is one good practice to achieving a successful investment plan because you will have no reason that would condition you to change your investment plan.

Their is a saying in my locality that the money you save today will will save you tomorrow, but to me, savings in this our current economic situation can't achieve it full potential that it was intended to due to inflation, but the best advice I can give to anyone that have any intention of saving money is that, instead of saving fiat while inflation ravaged it, it's best you save your money in anything that appreciate in value overtime, something like Bitcoin, gold and land.

And lastly, most people find it difficult to save money this days due to hardship, because it's only person that have first of all eaten that will even think of saving, but in essence, if in this difficult economy, you try to squeeze out something, try to hold that money in anything that appreciate in value overtime, so you wouldn't be in a loss, when you finally decided to use it.
Someone in a tight situation who can barely earn or foot his bills can not in any way squeeze out something to save. Inflation rises faster as the year runs out. For someone in that situation, it is best he use his money to learn a bigger skill or start a small business. In this case he would be aware that he did not eat because of a good reason. The new skill might start paying him better in a few months or the little business might start yielding profits gradually.
in the midst of the inflation and economic hardship that's disturbing almost all the nations of the world, people are still surviving, creating opportunities out of it and still investing during those times. I understand how bad it can get but part of the investment you should also do while making investment into real asset like Bitcoin is to invest into yourself such that you can comfortably survive in the midst of inflation and economic hardship. We're all humans and it's not even reasonable to tell someone that's yet to create an income that's enough for his upkeep to start investing into Bitcoin. Such individual can't invest and definitely can't make any provision for emergency funds and to be really honest he is in a state of emergency himself.

But let's establish the fact that life doesn't happen by magic. if you don't prepare well for your future, you will end up talking about inflation and high cost of living all your life without making any necessary move at all as regards how best to take yourself out of it. Let's also know that Bitcoin investments isn't for everybody and so it's even inappropriate to invest into Bitcoin when you don't have a meaningful source of income. Most of the people that are to eager to see Bitcoin price shoot up high to a dramatic price so they will take thier profit are individuals that aren't financially strong but invested all they've got hoping to get a sudden profit in Thier investment in no time.

The only difficult part of taking such action is that people are too shy these days to start a mini business. They expect to have millions before starting any business.
it's not everyone that needs to start up a Business, some will just need to attach themselves to an already existing firm and take care of themselves from there. And you don't even need to have a big business or earn too much to be able to invest into Bitcoin. As long as you're able to take care of yourself from your earning and you have some reserve that can go into investing into an asset, then you're good to go and even if you start buying you Bitcoin with as low as $10 at the time because you've not fixed your financial life first, as you grow in your workplace or start up a business in the long run, you will be able to increae the allocation you use in buying your Bitcoin from then and you know already that it's more deficult to start than continuing so as long as you're able to start buying even with a small amount of money and maybe your portfolio is small at the time, it will still serve as a source of encouragement that will enable you buy more in the long run.
10  Local / Nigeria (Naija) / Re: Mastering the art of delayed gratification on: May 08, 2024, 12:52:07 PM
For those that have probably stacked up Bitcoin for at least a circle or so and have built a great portfolio in the process, how where you guys able to cope with the issues of self gratification even when you have the resource to fulfilling such desire? Like, the desire to buy a car, upgrade your apartment or kind of improve on your lifestyle during the time you're still building your portfolio would have been an issue you dealt with. Let's share our experience so intending holders and those that have just started thier Bitcoin accumilation journey can learn from it.
that feeling will always come to play along your accumilation journey and there will always come a point in time that you might get tempted to sell off your holding and use it for something that's really not inline with the reason for doing your long term buys.

As a typical Nija niga, sometimes when your fellow nigas go wan de do dorrime for club and when you see say some of them de drive fancy cars when de entice you, it will get to the point you would want to feel among and temptation go wan push you to go sell your holding when time never reach and even us when still never reach that height like that, e still de worry us small to fit control ourselves regarding our investments but the truth be say we no get choice and except you no get better plans for your future, if not, regardless of the pressure, just treat your holding like say no be your own so by so doing, regardless of the pressure, you're certain you will never touch it.
11  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 08, 2024, 12:41:46 PM
I am basically ready to buy another dip in DCA method this May, I deposit bitcoins in DCA method every month. But since the beginning of May is only a few days away, I wonder if there is a possibility of a dip in Bitcoin this May? 
But in the middle of this month I will buy bitcoin dip and deposit. This May I will buy bitcoin dip because buy dip by accumulated money must wait some time and wait to buy max dip.
Buying Bitcoin with the use of the DCA method doesn't necessarily mean that you have to buy during the DIP, as a matter of fact, at the different times you will eventually make your buys, there will come several moment when you will buy at an higher amount and other moment when you will buy at a lower amount but what's important is that  the DCA methord helps you to consistently buy your Bitcoin over a long period of time which will help compound into a good amount of Bitcoin in the long run.

If you're doing your DCA, it doesn't really have to be a serious concern to you if there will be any special DIP during this month or not. It's just best you set out your scheduled amount and time that you are going to buy Bitcoin and then stick with it. Most of the DIP that happens within a month don't in most cases exceed $10k or so and apart from some special when we've experienced a sharp upward move in the price of Bitcoin, whatever time within the month you choose to buy your Bitcoin is still always going to be okay. if we look at the Bitcoin price movement as at last month for instance, there were certain times it went DIP to around $60k and other time it went up close to $70k but if you're being realistic, you know that if you're doing monthly DCA, you only have  to buy just once in a whole month and so it's not even necessary to stress yourself about what price within the month is DIP enough for you to make your buys. Same is what's applicable for those doing weekly DCA as they can only make four buys within the month which means it's not even wise to attempt timing the price before making any buy.

As long as you're buying your Bitcoin for the sake of holding it for the long term, even if you buy at $60k, $70k $80k or even $100k and you do it consistently for a period of ten years and Bitcoin manage to get to $150k or above, it's still a very profitable investment because you've at one point preserved your wealth for future use and in addition to that, you've made a good reward out of it most expecially if within this timeframe you've been able to buy a good amount of Bitcoin.
12  Economy / Gambling discussion / Re: Why do people lose in gambling and still go ahead and bet more? on: May 08, 2024, 12:10:37 PM
I've a friend of mine who always complain that ever since he started gambling he haven't won a good amount, instead he'll be winning less money than what he expected but he can't stop. So I'm asking what do you suggest he should do at this case. For me I told him that he should know that gambling it's a game of risk and luck, but with the constant betting you might win the amount you've at mind someday. So what are your suggestions towards this.
the fact that he is even winning in some of his games shows he is doing the right thing but the losses are part of the process of gambling. You don't expect to win all the time if not the gambling owners will go out of business so you just advice him to continue playing responsibly, don't bet above what you can afford to loose regardless of the winning potential of the game. Gambling is not a means to financial freedom and so it's best he playes it with that kind of mindset and maybe follow it up as a means to having fun and not just a scheme that will certainly fetch in huge money. Everyone knows what works best for them and so he is in the best position to know if he should continue gambling or not.
13  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: May 08, 2024, 12:04:19 PM
these matches that make me appreciate football. it doesn't matter how many millions you spend, how many famous players you have in your team, it doesn't matter anything.
the ball is a sphere and anything can happen. great borrusia dortmund, a really good show.
interesting also for gamblers. odd for win of the match was around @5.50!

 Paris Saint-Germain should be a different team this year, a refined squad, with Kylian Mbappe the star. But in this match he didn't have any impact that a mega star should have. As we know, PSG President Nasser Al-Khelaifi enjoys shopping for superstar players every season for the project of winning the Champions League. But newly formed teams always suffer the same fate as their predecessors. The first Champions League trophy is still a dream.
and who told you mbape had no impact in the match? Except you didn't watch the march or you're just just being sentimental if not every one knows that mbape gave in his all throughout the game but they were just unlucky to have missed almost all the chances they hard. We can't deny the fact that Dortmund did what was expected of them which is to defend the one goal advantage they hard from the first half and they did it all too well and were even lucky to get another goal. Maybe if we are considering a player that played below expectation we should be talking about dembele cause he missed a lot of clear chances and wasn't clinical enough in his square play. If he was calm enough to connecting well with his passes from the wing then PSG would have hard more chances and possibly convert them into goal.

Dortmund deserve the win, they played well and surely deserve to be in the champions league finals and that's for sure. Now, it's now left for real Madrid to understand the task that's ahead of them and put in every effort they have to put into today's game and ensure that they are able to defeat Bayern munich. It's going to be a strong game today, real Madrid with the home advantage will have to make good use of the home crowed that will cheer them to victory but Bayern knows better than to sit back and watch Madrid play past them. It's definitely going to be a big game tonight and I can't wait to see what goes down at the end of the 90 minutes.
14  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: May 07, 2024, 09:55:06 AM
Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
I understand that you are curious about the right time to buy or sell coins. It can be tricky to predict the market, especially with its ups and downs. But it's important to consider your own financial goal and risk tolerance and make decisions that aligns with your own investment strategy. Investing in bitcoin the main strategy is to buy and HODl for a long term. Every Dip is an opportunity to keep buying and accumulate more bitcoin never minding the ups and down because it's part of bitcoin cycle.

Investing in bitcoin is about buying and accumulating a good amount of bitcoin regardless of the price fluctuations. So instead of wishing to sell bitcoin which has a lot of potential growth, it's important to focus on buying as much bitcoin possible and keep holding on to your bitcoin. It's all about possessing a good quantity of bitcoin, When you have accumulated enough Bitcoin, it can definitely put a smile on your face during selling time. It's the reward for your patience and belief in Bitcoin's potential.

Basically what I know is that an ideal investor must divide his funds into three parts. Will invest and leave to invest, and another tiger will use the emergency fund for that.  Because a man certainly does not need a reason to face the danger that he may get sick at any time, perhaps more uniquely because people need money at any time to meet their basic needs. But if you don't have an emergency fund then you will be forced to sell your accumulated investments, in which case you are likely to lose.  Therefore, to save your bitcoin holdings, you must meet the basic needs from the emergency fund and from here you can also buy Dips on time and hold them for the day.

it's not just about dividing your funds into three part that determines if you are actually doing the right thing or not, sometimes you have to understand that even after over dividing your funds into several parts and then allocating a portion of it for investing into Bitcoin, what you might have left that will go into Bitcoin investments might be too small putting you in a position where you have to take a longer time before you will be able to DCA a good amount of Bitcoin.

The emergency funds isn't something you have to always keep a portion of your earnings for every month during the time of your DCA, like it's been regularly said here, it could be that you have to set out at least a six months of your earnings as an emergency funds and after which you wouldn't need to add up on several intervals of time. As long as you are able to create an emergency fund that is strong enough to sorting out your needs for a good amount of months should emergency occurs, then you have no need to add up more funds to it but if thier is more funds, you might think on increasing the amount you're allocating into buying your Bitcoin. So if I should agree with what you're saying about dividing your funds into three part, it's should possibly take this order,
1. General up keep
2. DCA amount
3. Emergency funds ( which you can add up for a particular time after which you leave it that way and maybe use the allocation to add up to your DCA routine)

But then, it's all up to you to understanding what's peculiar to your situation and the trend of your income entry and exit and use it as a guide to making your plans.


Buying or selling comes in after you have reached a stage of were your accumulated Bitcoin is worth it maybe after a period of 4-10 years then you are already sure of how portfolio is running, and can sell part and still accumulate depending on your plan.
the issue about selling to buy back even after you've reached a seemingly comfortable point which might be your accumilation goal is that the chance of buying back at similar or less that the amount you sold your Bitcoin at the time is very slim and if you intend holding up for longer time and wait for a DIP price to buy back again, you might end up waiting so long and no one is even certain if you're going to be lucky with such strategy or not. But then, it's not still bad to take your profit or part of your profit when you've reached your goal because at the end of the day, the purpose why you're buying Bitcoin isn't just to leave it in the system forever but to at certain time take your profit or holding but still you've got to know the right time to buy and the best time to have reached a point which you can comfortably talk about selling so you don't think about selling your holding when you ought to be buying more Bitcoin.
15  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 07, 2024, 09:12:00 AM
Fair enough in regards to the further explanation in regards to the various things that earlier adopters might have done, and surely there has been a decent amount of variance, and yeah some may have sold too many too soon, and others may have just sold portions of their stack. Some may have had conviction from the beginning and others developed their conviction later, and surely it would be difficult to characterize in general kinds of ways, since there surely have been some folks who might have had approached BTC in similar ways as me, and surely there are differences in the financial circumstances of folks and even their technical knowledge, and including considering details of their too.
surely people approach on btc investment differs, expecially in technical aspect. that is why we have different categories of investors and there approaches. the list below shows 11 types of investor.
1. The Beginner
2. The Bitcoin Maximalist
3. The HODLer
4. The Trader
5. The FOMOer
6. The Hunter
7. The Traditional Investor
8. The Ecosystem Expert
9. The Crypto Native
10. The Early Adopter
11. The Whale
The 11 types of cryptocurrency investors


being too technical as regards the kind of investor you are is not really necessary the way I look at it because at the end of the day, even if you're a beginner or you  fall into any of those category of people you tend to outline as the types of investors, it doesn't change the narrative that what's expected of anyone that's investing into Bitcoin is that they buy Bitcoin and HODL it while adding more Bitcoin during several consecutive times which is what we've come to know as DCA. Whatever category of investor you fall under doesn't really make any difference and to be even honest, some of those things You're talking about are just mere ideas that tend to describe a particular set of people that are already in involved in Bitcoin maybe for the short term benefit and doesn't in any way mean that everyone  have to make attempt to fall into any of the category You've outlined here.

Every real Bitcoin investor should think of himself as an HODLer that's building his bitcoin for the long term purpose and any sort of idea like categorizing yourself as an hunter, FOMOer or even trader doesn't fit into the real niche of Bitcoin investments but might possibly become a setback that might hinder the holder from for being able to continue to DCA for a long.
16  Local / Nigeria (Naija) / Re: A very good speech concerning Cryptocurrency. on: May 07, 2024, 08:52:29 AM
What most of our leaders have failed to understand is that times are gradually changing and things are evolving to a large extent in the world. The same way they are kicking against crypto and have failed to see the good side of it is the same way most of our parents don't still understand that times have changed and that most youths not don't need to depend on the kind of jobs and systems that was prevalent in the past as a major source of livelihood in the present.

I guess that the lady has seen the knowledge gap between colleagues and the youths and that what's likely the reason for the misunderstanding on the part of our leaders is that they don't really understand how the crypto systems works and aren't even ready to know it so as to look at the possibility of using it for our own good. This is the kind of mentality we need from our leaders. Why fight against something that is helping your youth? Isn't it best you regulate the system in such a way that it doesn't get into the wrong hands and that you at least have an eye on the system to know what's going on there?
17  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: May 07, 2024, 08:27:38 AM
PSG will playing as a host today and we all know PSG was lost from Dortmund in the first leg with final score 1-0 and if PSG want to advances to the final match then PSG have to win with 2 goals margin or more and some people predict PSG can able to do that because they are very strong in all competitions at their home but i don't think it will be so easy because Dortmund is the team who hard to beated and as a dark horses team Dortmund potentially can makes PSG gets in trouble so this match will be so tight

We all know Dortmund current position at Bundesliga is 5th place and there is possibility they will be failed to playing in this competition again next season unless Dortmund can able to gets the trophy so obviously they have to hard struggling for this match and not lost but for PSG they are dreaming Champion League trophy and they have good chances to realized it this season however regarding the outcomes of this match the bookmakers give low odds for PSG win @1.47 and seems they are very confident PSG can able to overcomes Dortmund today and looking forward to see the match result whether PSG can able to win or not
regardless of the home advantage that PSG has while going into today's encounter against Dortmund, judging from the first leg encounter and the fact that Dortmund has a one goal advantage against PSG, it's very clear that they have a very high chance of winning today's game.

I don't want to underestimate the strength of PSG and the fact that mbape, dembele and hakini are forces to be contended with and  and that they would normally want to bring in the fight but from the look of things, they don't seem to match uo the kind of energy with which Dortmund plays with. It would be an interesting game to watch. PSG would have all the needed support they need to enable them play effectively which to some extent might become a major distraction but all things being equal, it's a 50/50 situation and so it's clear anyone can win in this all important encounter.
18  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: May 07, 2024, 08:19:05 AM
Man U's goal that they couldn't score killed my multi bet... Not the first time I've lost by the Devils... I'll probably blacklist them forever now... Of course Crystal Palace managed to surprise everyone yesterday, but even more I was surprised by Man U, who are now one step away from the Euro Cups and couldn't take even one point, losing with such a big score...
what's crazy about the match isn't just because they lost to crystal palace but what's so bad is the manner with which they lost the match. To know that a team that's at the 14th place on the premier league table defeated Manchester United both in terms of goals scored, short on target and even ball possession is just a bad start at for the red devils to end the season. I know with the absent of  Bruno Fernandez, Markus rashford and harry Maguire, I don't expect th m to play too well like that but to see how poor thier performance is, it's just crazy. This is to tell you the importance of having a star player on the pitch who will be responsible for the coaching of the team on the pitch and chlesea has similar challenge when they went against arsenal without there key player, palmer.

Outside of some clinical issues that crystal palace weren't able to manage effectively which brought the game to the position and format it ended, crystal palace hard a great chance of scoring more goals even up to seven goals in that fixture. If they make the mistake of going into the match against arsenal with this kind of play, they should expect a worse of situation that what they saw against crystal palace.

Meanwhile, Manchester United fans last night where in deep pains 😂
19  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: May 06, 2024, 09:38:16 AM
When you lose, take a deep rest. Maybe that way it could clear your mind and it might help to make a good decision the next time you are back in gambling again.
The thing about losing is we are inclined to take revenge because we want out money back. That's wrong and it might just increase the  amount that we will lose because we are not in the right mind anymore. Don't chase your losses. Just like today, I lost my bet in sports betting but it doesn't mean I have to blindly bet in another sport that I know nothing about just to chase my losses. I will rest and wait for the next game instead.

What you say, is what most gamblers should understand. however, it's not just for understanding so that we can do as you say. In gambling, sometimes we get carried away by situations and conditions, whether it's a winning situation or vice versa. Talking about defeat, in this discussion is commonplace. We all know every part of the risks of this hobby, the problem is how do we return ourselves to our original position. I mean, so that we are not influenced to make deposits repeatedly, especially if we have lost many times.

Well, what you said could be the answer based on the question in the title of this thread. it's just, as I said above. Understanding is important in gambling, responsibility and self-control come into play. In the end, we know the limits of what we can afford. If we are involved in every gambling session we do, then at least we won't do anything excessive. It is also important, to discipline ourselves so that we know every limit whether it is our situation to stop the game or vice versa. well, basically it all comes back to how each gambler handles his gambling.


Gambling requires planning, like eating or renting. You must set a boundary or things get messy quickly. You stated losing yourself, which is a red indicator, pal. Check in with yourself honestly. "Am I having fun, or am I getting desperate?" You should leave if it's not fun. Being careful with gambling goes beyond money. Understanding your motivations. For thrills? An getaway from stress? Real change comes from understanding those causes, guy. You must limit your budget and mind. It's about long-term strategy, not just betting. That keeps gambling a choice, not an addiction
while it's true that theoretically, it's best to make proper planning before indulging in gambling, in reality most persons don't put in the effort to ensure that they make the needed plans that will see them to gambling responsibly. It's always a normal thing that when we have lost a huge tone of money in the process of gambling that we tend to want to get those money back through gambling and that if care isn't taken, there is a higher probability that might end up loosing more of our money in the process but at the end of the day, discipline is what's needed if we are going to have a fruitfull gambling journey where our looses doesn't really trigger us to getting ourselves involved in situations where we loose more money because we want to recover our looses.

Sometimes in a bit to recovering your looses there are individuals that gets lucky and win bad more that than they've lost in the process of gambling but this kind of scenario might not work out for everyone and so depending on the peculiarity ot your situations, you've got to know if it's work gambling to me recover your lost money or if it's best or reduce your rate of gambling for a while after which you can continue when you're emotionally strong again.
20  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: May 06, 2024, 06:42:20 AM
Manchester United will playing at Crystal Palace home ground today and i know if we see based on squad quality obviously Manchester United is much better than Crystal Palace but i think Crystal Palace cannot be underestimate because they have good progress and in the last 4 matches Crystal Palace can collect 10 points so they are in the good shape and indeed Manchester United conditions also quite good because they were unbeated in the last 5 matches but i don't think Crystal Palace can be easily to beated and i think this match will be so tight

all Chelsea supporters will be hoping that Manchester United will loose out in this encounter against crystal palace but the truth is that it's not likely such kind of thing will play out. Truth is that Manchester United hasn't been consistent overtime and they've in several instances allowed smaller teams to get the better side of them but the premier league has gotten to a stage where no big club is ready to lose any match at all. Even Liverpool that seems to be having some challenges with thier key players and coach have gone back to the wining ways solidifying thier top spot on the premier league top three position.

It's definitely a win for Manchester United  as they will need all three points to push up to the 7th position. They already know that there is a tough game ahead of them against arsenal which will possibly take out a point or three from them so what's expected of them is to ensure that they get all three points in this match so as to ease things a bit for them in there next encounter.
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