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July 04, 2022, 03:48:11 PM *
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1  Economy / Speculation / Re: Is Bitcoin's price "basically a fire sale"? on: Today at 03:41:04 PM
I rather buy, then price dips; than I didn't buy and price starts soaring. I will keep hitting myself for missing an opportunity. Once I buy I know there's no way I'm going to sell in loss. That's the kind of mindset I've come to develop about Bitcoin. It hasn't disappointed in that regard.

In this bear market, many people are fearing, and becoming panic. For this they are selling their Bitcoins in such a low price.
These paper hands will soon understand how unwise the decision they're taking now by selling off in panic are like others before them. They too will definitely learn.
2  Economy / Speculation / Re: Bitcoin to 30k Range again on: Today at 09:24:10 AM
If btc would go toward 30k range most of investors will sell it again. BTCBTC
There will still be some investors that will buy at that point. That's what makes the market complete. Someone will be buying at the same time someone else is selling. Remember that there were buyers that made price possible even to $64k while some lucky dudes sold off at that point. However, let me quickly state here that there will be another stage of resurgence in price even to the point of a fresh ATH. Only those who will hodl till then will be highly profitable. I've read reports from some quarters that Bitcoin had never dipped this deep and that it signalled something sinister to Bitcoin; but I tell you, buy more if you've to. It's all noise. Bitcoin isn't going to die, at least not now.
3  Economy / Speculation / Re: BTC back at 20K. Imagine who sold at 17.7K. on: Today at 06:55:03 AM
Some people are simply born weak. I'm confused why some people are in panic when Bitcoin fell to $20,000 as if it's their first time experiencing a bear season. But even to those who are first timers in the market, haven't they seen the overall Bitcoin chart? I'm really confused. Haven't they seen the price history of Bitcoin? Even to first timers, they should have heard for once that the price of Bitcoin has always been following bullish and bearish cycles.
You say all that because you now have the expertise of a veteran and patience of a firm believer in Bitcoin. I bet you also panicked expectedly as a noob when you witnessed for the first time Bitcoin dip. If you didn't, I did. Anyone observing Bitcoin plummeting will panic because of its volatility when it does that. So, I don't blame any noob investor who panics because of that. My blame and disappoinment will be on veterans who should know the modus operandi of Bitcoin. It's always after the rain comes the shine in this case, after the bull comes the bear. It's a circle.
4  Local / Other languages/locations / Re: African Proverbs in Pidgin on: Today at 05:21:07 AM
from now, na here I go come they chill if person spoil my mood because say na better people full here.
Brotherly, na two hands all of us take welcome you oh. Welcome, wey bread. Feel at home but make you nor spoil TV remote sha. As owa people dey talk sey na feel at home feel at home dey make visitor spoil remote 😁
5  Economy / Speculation / Re: How do we spot the crypto bottom? on: July 03, 2022, 07:29:21 PM
No one can tell the exact, or can predict it.
Instead what we can do is just calculate and predict it by evaluating the situation.
In my opinion, if you seek for extra profits or become too greedy, then eventually you will miss the best time to buy the coin.
I just shared a similar perspective a while ago. No one can be that shrewd as to continue to wait for Bitcoin to fall deeper that it's doing now. It has already offered its fans enough discount. Yet, those who wished they had bought in when it was $50,000 or $40,000 or $30,000 still dillydally on it now that it's below $20,000 aren't smart. The best option and strategy for anyone interested in getting Bitcoin or other alts of their choice should be to DCA on them right now. Investors shouldn't be too greedy to squeeze out every juice in terms of cheap pricing from every project.
6  Economy / Speculation / Re: Can Bitcoin (BTC) Crash To $13K After The Fed Rate Hike? on: July 03, 2022, 06:30:21 PM
Focus now turns to how the token could react to a Fed rate hike later in the day.
Bitcoin is a coin, not a token.
7  Economy / Speculation / Re: Anyone bought Bitcoin/altcoins already? on: July 03, 2022, 05:31:57 PM
Anyone who hasn't taken the discount advantage Bitcoin is offering around this time would be missing out big time now. Despite the fact that I (some of us) still expect it to dip more, it's safe to DCA on it instead of waiting for a price level that may not come. We can't be too shrewd and not buy in because our expectations of a further dip forecast. It may happen, and it may not also happen to get there. I always take the liberty of Bitcoin not going to disappear overnight to buy whenever I've loose cash. Even if it dips after I buy I don't panic.
8  Bitcoin / Bitcoin Technical Support / Re: I lost my trust wallet! Pay reward! on: July 02, 2022, 07:22:49 PM
You have more than one account on trust wallet and but you only backup the recovery words that was empty, what kind of bad security idea did you follow.
I believe that wasn't deliberate if it actually happened. It happened to me when I started using Trust Wallet. I backed up the first account erroneously believing that all other accounts I opened in that wallet had the same passphrase. How dumb that was, knowing they had different funds in them. I guess that was OP's thinking too.

At current price it's $346K (blood market). It's a lot of money.
You're indirectly trying to make OP cry; that's if their story is genuine. I said that because we've seen such sob stories that end up not been true.
9  Economy / Trading Discussion / Re: Enter the market with a loss mindset~what you can afford to lose on: July 02, 2022, 06:23:41 PM
if we believe in what we choose, then the current downturn conditions will be paid off in full with favorable returns in the future. just hold it with trust, we will get the benefit.
You're right. Investment in Bitcoin demands patience to be able to be profitable as an investor. It's a long term investment that shouldn't be seen as a shortcut to riches. We can look at altcoin investment as short term but certainly not Bitcoin. There were some that bought Bitcoin at ATH in 2017, just the same way some also bought at the last ATH in 2021. Of course, many of those who bought at those points would've panicked and sold off in loss but those who're still hodling till date and will hodl till the next rally will be happy for it. No doubt, Bitcoin will achieve another milestone. It's just a matter of time and who has patience for its wait.
10  Economy / Speculation / Re: Today is the day on: July 02, 2022, 06:00:19 PM
I also think this is the right time to buy bitcoin at a low price.
We may not see prices this low again in the future, especially if the bitcoin price can reach above $100k.

Remember when you were saying 45k was a perfect buying opportunity?
Lol 😆... But you didn't expect anyone would've a perfect handle on the prices of these things. Did you? The best anyone would do is speculate on price. I understand that user's near certainty on Bitcoin price and I know it was occasioned by excitement. Sometimes people get carried away that the dip at the moment would be the bottom and then price springs another surprise, continues on a downward spiral. This thing happens and it's the same reason most early adopters aren't hodling Bitcoin till date. They got deceived by Bitcoin fluctuations and felt the prices they were selling were the highest Bitcoin could get to. I've read reports were some dudes said Bitcoin was going to see $10k. We may get there to that price. We may also not get there. It's just mere speculation the way I see it.
11  Economy / Trading Discussion / Re: Enter the market with a loss mindset~what you can afford to lose on: July 02, 2022, 03:01:56 PM

It would be a better decision to buy coins after confirming that the market has turned bullish. In this case, the purchase price will be higher than the minimum, but this will prevent more significant losses that will necessarily occur if the market continues to decline after the purchase.
What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? If I believe that it has utility, I go in and not wait for someone to FOMO on it. Those who fear to lose anything at all in this game are those who end up losing. The plan should be to spot the one you want to buy and do so when the market seems silent on it. FOMO shouldn't be a thing with shrewd investors. To this point, I side with virasisog on their position.
12  Economy / Trading Discussion / Re: Better than DCA is DCAing when fear is high on: July 02, 2022, 10:42:23 AM
Those who know charts can find proper bottom and do dca there
I tell you of a truth, those who are absolutely sure as in the Nostradamus style that price has hit a bottom won't need to do a DCA. They throw in all, I mean all, and buy at once. Why would anyone begin to make purchases in bits when they're convinced that price will dip further. None, of course. I like the DCA strategy because it offers investors an opportunity to get cryptos they wouldn't want to miss at a perceived cheap price.
13  Economy / Trading Discussion / Re: Are we going to recover or continue to dump? on: July 02, 2022, 08:43:54 AM
What are your current opinions on the cryptocurrency market?
My opinion on it is, "Don't fright" for this will soon become a past confined to history too like others before it. I've said it before that what users here who're interested in investment should be doing now is to start buying their favourite cryptos ehichy they couldn't get months ago. Don't wait for an elusive bottom. You're likely to miss that point. Instead, do a DCA and leverage out.
14  Economy / Trading Discussion / Re: Every "Bitcoin is Dead Headline" is a Buying Opportunity on: July 01, 2022, 02:27:58 PM
Honestly, that's true. CZ couldn't have been truer than he said it. Unfortunately, that type of headline panics many and make many very scared of buying in. They think buying at a time like that would be highly suicidal and a financial waste. Even Warren Buffett said that investors should take the advantage of fear to buy in and the greed of others to sell off. I suspect that even those who know that Buffet axiom hardly put it to test. Nonetheless, wise investors see that media FUD on Bitcoin as an opportunity to buy at a discount and they utilize it.
15  Other / Beginners & Help / Re: Fear of losing my coins grabbed me by neck on: July 01, 2022, 10:43:57 AM
Mobile wallets have been considered one of the most at risk wallets (after Web wallets).
I think a better part that can trigger this issue is with sites the mobile wallet owner visits. If the user has a habit of visiting porn sites they will easily be exposed to malware vulnerability. This expectedly also exposes the wallet to hacks and attacks. I've been using mobile wallets as long as I can remember and I haven't had any issues with the various ones I have used. I make sure I'm extremely careful while installing them. I don't copy to paste passphrases. Just generate the passphrase offline and write them out on a sheet of paper.
16  Local / Other languages/locations / Re: African Proverbs in Pidgin on: July 01, 2022, 03:59:50 AM
I dom become full member today, una do well ooo.
Make I give you five gun salute sef, in a military way. Chai! Bullet nor dey my gun oh. Anyway, congratulobia, bro! E dey give me joy to dey see as una dey rise thru d ranks. Make una keep una head down and focus, everythin go stew with time.

Make I drop another proverb wey resemble dat your first one Dem sey na wen sleep begin sweet e dey enta snoring.
17  Other / Beginners & Help / Re: The fear of Negative trust and Ban on: June 30, 2022, 07:17:51 AM
The fact is that only few BM use Google sheet to collect weekly reports for bounties. Honestly, the bounty this days doesn't worth the stress at all
I would rather concentrate on the few than have numerous of them that will make my post history look childish if I were you. Look, I also participated in bounties in the past and got links littered on my profile too. However, once I realized that there were BMs using Google sheets I switched over to them. It was better for me that way until I finally came to the conclusion that bounty was a 90% lose - 10% win rate for hunters. You should've seen my social media handles then and how crypto littered they were.

Ranking up is not as easy as you might assume thou.
Of course, I never said it was. In fact, I've continued to maintain that meriting posts is a subjective decision. It doesn't mean that most merited posts are worth it. Don't relent in putting out constructive posts, nonetheless. Your hard work will one day drag providence to you. It's already reflecting on your merit count.
18  Local / Other languages/locations / Re: African Proverbs in Pidgin on: June 29, 2022, 12:13:42 PM
Proverbs: Monkey say all Play na play but the play wey dem come tie am rope for en neck say him no like am
Nor be lie. I just dey smile like mumu for public where I dey so as I dey read am.

Proverb : Your hustle na your own, but your succes na for everybodi
Na true. Dat's why oyibo dem talk sey failure is an orphan and we for street dey talk sey failure na bastard im be.

Proverbs: No be person wey first carry Bele dey first born boy
Some people get am as Nor be persin wey first marry dey first born. I like dis version because e nor dey sexist like d other wan wey dey promote boy child over d girl child. For me, pikin na pikin. Just give anyone wey you born quality education wit love and the sky go be their limit.
19  Economy / Speculation / Re: Speculators : Bitcoins is up now 21k buy buy buy ! but... on: June 28, 2022, 03:46:07 PM
The only guys that won are speculators/traders that pumped and dumped and miners, the rest got wiped out ...
Don't make it look like it's an abomination for people to lose out in business. Some will gain, some will lose. Remember that at every point in time during a market transaction engineered by the law of demand and supply, there's always someone at the other end of the line buying whenever someone is selling. Otherwise, there won't be a transaction. It's the same thing that applies to Bitcoin transactions. By the way, who are those who got wiped out? Aren't they still speculators/traders/investors? But of course, they're.

It starting to feel that "Bitcoin game" is a scam ...a big ponzi ...
I don't believe someone can still convincingly tell themselves that Bitcoin is a Ponzi at this stage of this industry. Nonetheless, one of the important things you should know about Bitcoin is that it's not a get rich quick thing. I'm not saying quick riches can't come from it as one invests but one shouldn't bear that in mind while investing in it. If it happens, so be it.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about altcoin market on: June 28, 2022, 03:28:20 PM
What do you think about altcoin market.
Don't erroneously continue to wait in vain for the market to bottom out. The present crash is providing a leeway to those who missed out on their favourite cryptos to get in and I guess a few investors are happily cashing in on that. I checked the ATL of Polkadot and it was around $2+ in August 2020. It also did an ATH of $54+. Today, that price stands at a discount at $7+ today. Knowing the utility Polkadot has, I believe it will rally up again once the bear allows the bull a breathing space. You can DCA on it if you're doubtful it will dip more than miss out completely.
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