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Bitcoin is a long-term investment, and if you are managing to just hold and sell out during small increases when the price of Bitcoin rises, it means you are not ready to invest.
You are very wrong about this. It's cool if you consider your Bitcoin investment long-term, it's your choice. But it's never a yardstick or basis to condemn other approaches.I don’t see any reason why you said Y3shot link is wrong, everyone has their decisions and strategies they feel best suit them, Ordinarily, I ignore the posts that come from people like you because, it's too generic, the very words to say when you lack constructive ideas or doesn't seem to understand what you replied to, or perhaps, you just want to say something. Well, I've helped you to bold the first line of my reply. What you are accusing me of is what the guy did, which I told him that he was wrong, that his opinion is his choice, and that he should not make it a yardstick for other's approach. Doesn't that hint you that I respect individual's choice??? Next time, endeavour to read to understanding before replying. I never meant to be on your ignore list or thereabout, but if airing out an opinion as you’ve done would put me on your ignore list, perhaps so be it. Y3short was quoting MusaPK on the idea of investing and not selling due to little profit and you said his perception is wrong, which I was against and if you look carefully this tread wasn’t meant for trading discussion rather it’s within the framework of investing. I don’t know if your reasoning is so cloud up with trading psychology that you didn’t see the title in of the thread, if that’s the case I’ll do well to remind you. This dread is emphasizing on how beginners can utilize the DCA method while investing in Bitcoin |
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Bitcoin is a long-term investment, and if you are managing to just hold and sell out during small increases when the price of Bitcoin rises, it means you are not ready to invest.
You are very wrong about this. It's cool if you consider your Bitcoin investment long-term, it's your choice. But it's never a yardstick or basis to condemn other approaches. And in case you don't know, many approaches have proven to be way more profitable than HODLing in recent times, and Bitcoin is no more at $50 where HODLing could be a hack for riches. Buying your Bitcoin to liquidate it at a preplanned date or price is never a lack of readiness as you claimed, and I tell you for free, buying and HODLing your Bitcoin doesn't also guarantee more earnings. All that matters is: 1. Your striking price and 2. time (which could be smart). A snippet of that are those who bought in Q4 of 2022 and Q1 of 2023, and sold it in Q4 of 2025. They raced inline with the: 1. Price and 2. Season (time). However, this is not an abandonment of Bitcoin, but will reinvest at a later Time, with a better Price and Season (bullish). This is what I called smartness, as it maximises profit and lowers the risk of long-term exposure. I don’t see any reason why you said Y3shot link is wrong, everyone has their decisions and strategies they feel best suit them, if yours is to keep on monitoring Bitcoin price every move now and then to pick an entry to buy and later sell back, that’s best for you with a trader psychology. But to him, he doesn’t want to go through the pressure of monitoring the price action or getting emotion at one point or the other, rather he sees it as an asset to hold unto for a long time and he has conviction that Bitcoin is going to grow beyond his entry point. When Bitcoin was $50, it wasn’t meant for just the rich, rather for everyone that has the determination to hold it for a long term, now that 1 Bitcoin cost over $65,507 or thereabout, any one what is willing to invest for a long term can still do that, as long as he is determined and is not moved by the short term profit rather he keep accumulating constantly and he is looking at a compound profit and/or waiting to get to his over accumulation stage so he can sustainably withdraw his Bitcoin. |
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In most cases, people stop using DCA after using it for a few days.
Do DCA today and not doing it tomorrow is not even good and you will not be able to increase your Bitcoin on time. DCA can become so powerful if there is consistency. Without consistency DCA will just be random buying. The best way to use DCA is to use it and be consistent at it not minding if the market is up or it is red. Using small money in DCA is not a bad thing to do, but ensure that you figure out way to stay consistent. Yeah, I agree with what you’ve said, But DCAing should be done when one has a discretionary fund and on weekly or monthly basis, depending on when you get your income. The major reason behind DCAing is to be persistent despite the price action, in life nothing good comes easy so if one is finding it difficult from the start to do a particular thing, it requires you to put in the effort and there’s a reward that comes along at the end run. To those persons that stop DCAing all of a sudden, Bitcoin doesn’t reward desperate ones, but it rewards comes with a long term goal, consistency, patient and most importantly have a positive conviction, that’ll be the drive that pushes you to continue DCAing even when BTC price is bearish. |
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No assurance of getting rich in Bitcoin; that mindset should be eradicated. No. I disagree with you on what you just said above about there not been any assurance of getting rich with Bitcoin, because I can only agree with you if you emphasize on the timeframe by which Bitcoin can make an individual get rich. Because though it's true that a person who invest a dollar in Bitcoin today might not become a millionaire in next 5 to 10yrs, but a person who invest at least $1000 to $10,000 in Bitcoin and hold it for the next 20 to 40yrs is likely to become a millionaire. So depending on how long, you can just buy Bitcoin and hold it long term for your children or grandchildren. The problem is how many of us investors are ready to hold our coins over several decades or in 1 decade. There is every guarantee of making profits investing in Bitcoin, but there is no assurance that investors will break bank through Bitcoin. It is good to see Bitcoin in a way it would generate reasonable profits, but I wouldn't consider it to be what should be a must to turn over gains that will make me wealthy, Bitcoin is one among other assets we can invest in to make money. What's your reason for holding Bitcoin 20-40 years, i doubt anybody here has such endurance. If you don’t have endurance to hold your accumulation for a long term then I don’t think you’ll be able to endure when the market is on a bearish trend, it’ll lead you to gamble with your portfolio and if it turns out that is the case, you’re not an investor but a trader. Maybe you’ll be thinking that the $20 - $50 worth of BTC you’ve accumulated isn’t going to make you rich in the next 8-10 years, yeah you’re absolutely right, but if you use DCA method to accumulate and you’re disciplined with your DCAing for over 8-10 years, despite the uncertainty of the market, you still have a chance of enjoying your old Age. I’ll recommend if you really want to invest in Bitcoin, just debunk the mindset of getting rich quick via Bitcoin, if not your portfolio is coming to a crash sooner or later.
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what the hell happened to having an emergency funds,, huh? Do you think people can just dump money into Bitcoin without creating a backup and think that nothing will happen. The whole essence of emergency funds is to handle unnecessary expenses that you may be faced while investing. Having an unstable income isn't the problem man, the problem is not creating backup funds. Investing without your emergency funds is pure gambling.
That's why people who jump in without an emergency fund are always the first to panic, especially if the market experiences a slight correction. They might follow the trend, create drama, then create a story, or even complain privately, blaming the market and Bitcoin, when the problem is actually a poor foundation from the start. But, In my opinion the most important thing is to not lose our common sense.  That's not true, investing without emergency funds will never make an investor to panic because we don't actually need an emergency funds to invest in Bitcoin rather what we need to invest in Bitcoin is our discretionary income and an investor will surely panic when they invest with funds outside their discretionary because it is obvious the money can be for expenses so don't get it twisted, you can actually invest in Bitcoin without your emergency funds but it is very necessary to set it up before challenge arise. I totally disagree with you on this. We all know that discretionary are funds that we might not use immediately since we have settled our present needs and bills, we can as well use our discretionary funds for our bitcoin investment, but that’s not the case with emergency funds, we keep emergency funds for unexpected personal crisis which sometimes discretionary funds will not be sufficient to solve. In a scenario where you don’t have an emergency funds and you are into Bitcoin investment probably you accumulate Bitcoin via DCA method of over 8-10 years, mind you, you’ve used your discretionary funds for investment, when emergency crisis arise and you don’t have who to run to, you’ll definitely look at your last line of hope which is your investment. Let’s assume you acquired a loan to solve the present crisis and you are expected to pay that loan in few months time, you won’t be able stick to your DCA routine, because you’re trying to pay up your outstanding loan. In a worst scenario where you can’t get a loan, your investment portfolio is you only hope left. Assuming you’ve got emergency funds available you won’t go through all these stress. So I’ll recommend you debunk the thought that you can have a steady running Bitcoin portfolio without an emergency funds. |
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I say make I share my experience today ooo, na so one number write me up for wassup today ooo, dey claim say him na customer care agent for jiji say him wan enlighten me. Me self I come code say this na scammer as we dey discuss the guy send me link say make I click send am screenshot. I know say this no be crypto related but it's very important that we be careful the types of links that we lick online especially when it's coming from strangers we don't know and even on group chats. https://www.talkimg.com/images/2025/12/24/Ut8L7w.png[/img] https://www.talkimg.com/images/2025/12/24/Ut8hU9.png[/img] We just need to Dey very careful when e reach to click link, e get as the person wey Dey the other end go follow you talk you self go know say that person nor Dey genuine, my experience with airdrop wey I being Dey indulge in don make me learn the hard way, where I go lost over $150 to airdrop where I go click link without doing proper verification because I Dey look for sharp sharp money. The airdrop wey dem Dey call Ariwallet drop link say make we associate am with our wallet wey we Dey take do transaction, me sef nor reason am on time I just go click am direct, when I later realize, my money don go. Make we just Dey very careful for this crypto market, 70% of the airdrop so wey dem Dey do now na scammers nai be the Devs just to collect money from their traffick. |
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If you’re considering HR as all the names you’ve mention below, where will you consider lawyers, they are all out for their personal gains, they must have being instructed my the company to manage a particular resources, will you be expecting them to the otherwise because of human sympathy? No. If he does he is going to be held accountable and also lose his job. Before you think HR are underminers or saboteurs as you’ve said, you also need to consider what brought them to where they are.
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We are learning at a different level pace, there are naturally smart ones that can learn and understand in one go while others have to do some memorization, for instance reading and abbreviating so they can easily remember what is being taught. Some understand perfectly when doing it by themselves, cause they’ll understand the process step by step and will able to recount everything on that particular topic, it is what you’ve understand you can comprehend, while others learn by faster by visual or audio learning. If all theses learning method are available the rate of setback for some kids or adult will be reduced
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People are willing to go all out and do anything (legal and illegal) for money these days. The real question that i am forced to ask is, how much money is enough money?
At what point will one say that he or she has had enough money?
In my opinion, no amount of money is enough, what should be enough is your financial discipline and contentment. If you’ve a luxurious life style then you have to keep funding it to the status you so desire , if you’re the type that is contented, you will have to spend less and save more. |
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If money alone made people wealthy, salary increases would end poverty.We live in a society where people believe the solution to financial struggle is simply “more money” ,"so much money", "plenty money."But history and everyday life prove otherwise.People earn more,yet their bank accounts remain empty. Why?Because income without discipline is like pouring water into a basket.
When money increases, lifestyle often increases faster too,new phones, bigger houses, more outings, louder status symbols, irrelevant expenses Instead of investment starts rising.Instead of wealth growing, expenses grow muscles.The problem isn’t income;it’s habits.
True wealth is built through intentional choices: budgeting, delayed gratification, investing, and understanding money psychology. Those who stay broke after earning more didn’t upgrade their mindset,only their spending.
Therefore,More money doesn’t fix poor money behavior. It exposes it.More money fixes cash-flow problems.It does not fix character, habits, or thinking problems.Fix the person,the habits then the money follows and stays!
You’re right, the society see the discipline aspect of you as being greedy. Social pressure also makes you spend carelessly, but if you’re discipline enough, you’ll forget about what will they think if I don’t do this. You’re the only one that knows your capacity and what’s in your pocket. When the money is not there, you had good plans but ones it arrived it’ll determine if you’re in control of the money or reverse is the case. What I’ll recommend is making a list of what you want to achieve before the money arrives and try to actualize at least 50% of your list. |
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Choice is one thing that has been given to this our generation for free, our society has groomed us to know between good and bad. Honestly, how you decide to live your life with friends or the light people see you in will determine what the future holds for you, either you’re the influencer or the influencee if there’s a word like that, it’ll end up right if you realize your circle of friends are not the ones that talk you down when you’re trying to grow thinking they are still young and they should enjoy the young age because it’s a once in a life time thing. Most times it’s not just the circle but things you engage in also influences you in your decision making, how you think, how you see others. At the end run try clouding yourself with the right energy. If you’ve found out your present status is not what you have expected, look back the track and see what’s the log behind you, if it’s a necessary log you can’t do without it’s fine, but if the log weighs you down without any important impact, just cut if off and see if the result changes.
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It’s just like asking, did you carry hoe along while going to the farm, it’s a necessity to have a plan so that you’re not pressured to sell your coin when emergency comes up and sell at loss. We are all optimistic about Bitcoin growth but you should well be equipped. Some might not want to buy the deep other will buy via the DCA method, so you need a constant flow of income.
These business or your place of work provide you with discretionary funds to keep your investments afloat, Bitcoin as already known is long term investment, some one that wants to invest should have it in mind he or she is not expecting a good profit in minimum of 6 months or 1 year, rather 3-5 years interval.
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I personally think Bitcoin is really easy to understand. Anyone who is knowledgeable enough to make use of the internet literally can be a bitcoiner.
The concept is just like that of normal currency only that you have a lot of control unlike fiat that government controls everything. No central authority that decides how your money moves... This is what makes it secure and private.
The concept of Bitcoin is one to be embraced.
You're right, if you can operate the Internet you can easily understand Bitcoin, you don't need to start reading to understand, you just need someone to tell you what to do. because is not demanding , if you are not a trader. You have to learn how to buy and sell, that's all you need nothing more. Bitcoin is very easy to invest in, because you're not going to fill any form, zero stress and full control of your money, nothing hard about it, Bitcoin should be taught in our primary school to help the young ones to understand it at early stage of life. I disagree with you on this, it’s not every one that can operate the internet that’ll easily understand Bitcoin, you’re forgetting the technical aspect of it, if a newbie knows how to operate the internet and start accumulating the Bitcoin with the idea of just buying and selling, when the market is on a bearish trend, they’ll easily back off because they’ve zero knowledge of what they are embarking on, you let them do their on findings and not follow the speculations so they’ll be well equipped to phase the bearish momentum. Also, what you control per say is your private key, the blockchain stores your assets for you. Once your private key is compromised any other person can get access to your money. |
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Maybe you do not know what pump and dump or dump and dump actually means. You can check the price of many coins from years ago to now and see what I am talking about.
There are some coins that will increase in price and later fall back significant. Some coins will start to dump after it has been launch and it will continue to drop in price.
If you are referring to undervalued and overvalued assets, use good assets like bitcoin, gold and others instead of using shit coins as an example. Only few altcoins get to all-time high but most of them do not.
I agree with you on this, most shitcoin are being over emphasized on X and other social media prior to their official TGE, only to break few highs then gain trust of those that are new into the cryptocurrency market, once they let their guard down and start accumulating these shit coins it’ll be rug pulled by the devs. At least it’ll teach them a lesson not to follow the over exaggerated undervalued shitcoins and focus on the widely accepted coins like Bitcoin and gold. While for those that are not new into the market the best approach I’ll recommend for a shitcoin about to be listed, is the DEGEN approach. In this case, you try as much as possible to be among the early holders of the shitcoin, you should have a profit percentage, once its hit your profit target take your money and go, don’t be greedy, unless you’re willing to lose everything, if luck is on your side, you sell the accumulated shitcoin before the devs do, then you might be able to bag some profit before leaving that shitcoin. |
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Financial illiteracy is the process were an individual lacks the ability to take the right financial decisions and steps in making sure that one is liberated from financial lack and stagnancy. Financial education should be a very important aspect of every individual if anyone is interested in becoming financially buoyant and independent.
People now a days are more concerned about making money rather than first of all equipping themselves with the needed financial management and education because everything boils down to financial education in the process of building wealth.its a common belief that no matter how good a fellow is he or she can't outgrow his level of financial literacy.One can't be talking about building an Empire without the needed financial skills and equipments.
Those who has been able to build Empires in every field of endeavors are actually people who has enlightened themselves enough to manage their finances. Anyone who wants to make a change in this current economy that, we found ourselves should as a matter of importance embabeb financial literacy. As taking the right financial decisions and steps in liberating one from their current financial status.Investment is one good way that an individual can move away from financial stagnancy.
Investing in critical assets like Bitcoin is one good way through which an individual can liberate their self from from poverty.having the necessary financial skills is what defines an individual, so investing in your yourself by buying of books, Attending of work shopes and seminar making of Researching etc are all financial literacy means which anyone can use in escaping poverty.
Your points really inspire me in places I’ve been taking wrong steps, I’m always focusing on the result and ignoring the steps and when it feels like things are not working out the way I planned it, I’ll be like, these things are not for my person, but now I know where I’m getting it all wrong. Thanks for your critical thinking OP. |
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What baffles me most time is that, probably he never expected the outcome of Bitcoin to be this huge in the next decade or more. This particularly brings me to the question that if he had not spent that much Bitcoin would it had one or the other contributed to the scarcity of Bitcoin?
Am still trying to recall lately if their was anytime we were having something like such scarcity of Bitcoin because the last time I checked with just your discretionary funds no matter how small it is you can buy as much portion of it as you want providing you have the basics knowledge on it you good to go. About the scarcity, I was emphasizing on how the scarcity of bitcoin is contributing to the highs it break over the years. Due to the adoption of Bitcoin from different countries. |
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Bitcoin can also be said to be a structure to burst an economy on empowerment if only the country will make Bitcoin legal and encouraging miners with the ease of friendly policies and as well low taxes on power consumptions.
But where the governments is not playing any vital roles in the system to encourage the people, then it is a whole personal race and will be no economy impact about it.
It’s a good thing the government does not play any vital role in Bitcoin system, because if they should have a role in it Bitcoin would not have come these far. What really attract investors to Bitcoin is because of its decentralized nature, privacy and profit. If the government were given a role in it then they’ll try to manipulate the system to their own Favour like they have done to the fiat currency. |
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Going through the story of one Laszlo Hanyecz, the legendary guy that bought pizza two papa John’s pizza for 10,000BTC, on May 22nd, 2010, which is now tagged as the Bitcoin Pizza day. As at that time these pizza cost around $41, and Bitcoin prize was worth over 0.0041. Moving forward to today 10,000BTC which now worth over 1 billion dollar or thereabout, and he never regretted his actions for a day or probably he keyed into the first purpose of Bitcoin creation which is for basically digital payment.
What baffles me most time is that, probably he never expected the outcome of Bitcoin to be this huge in the next decade or more. This particularly brings me to the question that if he had not spent that much Bitcoin would it had one or the other contributed to the scarcity of Bitcoin?.
One thing I know for sure is that due to the scarcity of Bitcoin and the demand of acquiring it and its proof of work over the years is what contributed to it high value which is now seen as digital Gold and the also the fact the it give you freedom of your own holding due to its decentralized nature and it is not affected by inflation or the government manipulation. Although there is still volatility, the market dynamics of breaking key price barriers have demonstrated that Bitcoin is slowly coming to a stand. What is your take on this ?
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Over the years, inflation is almost making our fiat decrease in value our pensions our savings. The thing that will help the average persons the most is economic empowerment through the ability to accumulate assets that cannot be inflated, confiscated or manipulated. And which do we now see as the most accessible form of assets? BITCOIN. Bitcoin right now is an open permissionless network, you can literally be any where in the world and start acquiring it with a few fiat dollars, Yen, pound, naira or whatever fiat currency you have in your possession, and you’ll have a sit at the table. There’s no special advantage that a CEO in a Boardroom has versus you, because their network is blind to your net worth. I see so much hope in Bitcoin cause it’s going to lead us to a world of productivity, positivity and abundance as opposed to the scarcity, giving the common persons that has have Bitcoin in their possession leverage over the frustration that comes along with the government inflated fiat
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