Bitcoin accumulation is like the movement of the tortoise.

[Olotu20]

My naija people happy new month to everyone on the forum, especially to our local board. I was meditating and contemplating on the different strategies as it concerns Bitcoin adoption and investment. I have come to the realization that, Bitcoin investment is like the movement of the Tortoise slow but steady, consistent which is backed by patience instead of moving fast. The tortoise is one animal that is among the slowest animals in the world when it comes to movement but lives one of the longest, so one may ask why bring this type of analogy into Bitcoin.

Yes bitcoin accumulation could be likened to this animal for its unique behavior, why focus on fast movements, which could be described as the quick money chasers in Bitcoin investment.while other animals chase quick profit the tortoise moves slow which teaches us to keep stacking sats and moving blocks without noise. When it comes to Bitcoin accumulation it's not about the fastest that wins but the one who moves slowly, not giving up but using the DCA method which could be likened to the movement of the tortoise. The tortoise may be slow in movement but, is resilient, discipline which are key elements to consider  when it comes to Bitcoin investment plan. The lesson we can take home from the tortoise approach is that we have to be Patience when  ever there is a market drop ignoring market hype and focus on long term gains.

[Yablee0]

Nice topic. Using the tortoise as an illustration is not a bad idea actually because I have always known the power in staying patients and consistency as long as Bitcoin investment is concerned. However, you don't really need to pressured your self when you can conveniently be accumulating Bitcoin from time to time to your Bitcoin portfolio without stress or whatever through the DCA method. Furthermore, you can be accumulating very slowly (according to your financial strength) but steady which is a goal mark to you as on your side than someone that go wild without evaluating his financial capability before investing because he wanted to prove a point, and by doing so failed to put in place the required funds to backup his investment for the time of challenges and unexpected matters that may arise. Finally, Bitcoin investment is something we should do conveniently because initiating an investment in a right way is just the avenue for a positive results.

[Livingleged]

My naija people happy new month to everyone on the forum, especially to our local board.

Wow it a New months and I was freaking out thinking we are still in April. Indeed the year is really running fast as we are into the second month of the second quarter of the year already. Happy new month everyone.

Yes bitcoin accumulation could be likened to this animal for its unique behavior, why focus on fast movements, which could be described as the quick money chasers in Bitcoin investment.while other animals chase quick profit the tortoise moves slow which teaches us to keep stacking sats and moving blocks without noise. When it comes to Bitcoin accumulation it's not about the fastest that wins but the one who moves slowly, not giving up but using the DCA method which could be likened to the movement of the tortoise. The tortoise may be slow in movement but, is resilient, discipline which are key elements to consider  when it comes to Bitcoin investment plan. The lesson we can take home from the tortoise approach is that we have to be Patience when  ever there is a market drop ignoring market hype and focus on long term gains.

One thing I’ve noticed and realized about life is that you do not need to rush about anything in life If you really want to achieve greatness. Slow but steadiness has proven to yield results also. Bitcoin accumulation isn’t something that should be stressing anyone. so long as you have your target and working slowly towards it. With just a small fraction of bitcoin you keep acquiring using the DCA method, you can get to your target with patience and resilience.

[AVE5]

You really have some good views on the bitcoin accumulation system but the truth is that the market is opened for anyone wanting to buy at any time and you still have the opportunity to buy as much you can afford either aggressively or slogishly.
Dca is also a choice because some enthusiasts also buys once and hodls in the long time.
Dca is a strategy to truly acquire bitcoins on different occasions and it's for those who're investing with discriminatory incomes, so they buys only when they can afford it.
Also as a strategy targeting to buy cheap rate at the fall of bitcoin price such as buying the Dip.

[SPIDERMAN008]

It is very important to be patient when investing in Bitcoin. However, if you invest aggressively and patiently according to proper cash flow management and planning, the time to reach the goal can be reduced . However, DCA should be done with a minimum of 4 years.

If discretionary income increases by trying to increase discretionary income, then it will be possible to increase the amount of DCA. In the case of long-term investment, some things should be avoided. For example, not trying to catch the dip and not investing according to market timing and not panicking during price volatility.

[Alonso_]

You need so much patience when you’re investing in bitcoin, because you don’t just start immediately to have profits as soon as you start buying and accumulating bitcoin, which is why is very important to be very observant and very smart when you’re investing in bitcoins, to have patience, like they always says patience is a virtue.

Having a discretionary income is still the most important thing when you’re buying bitcoin which is why we have to be very more careful when buying and accumulating bitcoins, because that would be very important to us most especially when we don’t have a regular stable job, we still need and require and opportunities to stay patience in buying and accumulating bitcoin.

[yixichloro2xx]

The point you made about the tortoise makes sense. Because it reflects reality than the money mindset. Many people have the wrong mindset, whereby the enter the market to chase quick profits disregarding the risks that comes with it.  Then they realize that they aren't profiting they will start making emotional decisions during dips or hype periods. As an investor especially if you are beginner with no experience, the best option for you is a slow and steady approach using DCA method. This helps in building discipline, knowledge/experience and also remove pressure. In investments consistency matters more than speed, there's higher chances of making growth through consistency than speed.

[liasbaa]

If you follow the turtle's pace in buying Bitcoin fraction you will not be able to accumulate a decent Bitcoin holdings. You need to be regular when it comes to Bitcoin accumulation and sometimes run aggressive when the earnings are high. By emphasizing the fact that quick and emotional decisions never bring success in investing, you can be financially successful if you can be as firm and patient as a turtle in long term Bitcoin accumulation.

In some instance when investing in Bitcoin, you will have to make quick decisions such as starting Bitcoin with the amount of funds available to you rather than wasting time learning about Bitcoin. The price of Bitcoin is volatile and in view of that situation, accumulating regularly to build up Bitcoin holdings before the price increases

We can learn from the turtle to not give up because even though the speed is slow just as they are persistent in their goals we also have to be persistent and regular in accumulating Bitcoin. From the greed for short term profits to long term Bitcoin accumulation, be consistent and have multiple cycles or 4-10 year Bitcoin targets.

[Queen uloma]

My naija people happy new month to everyone on the forum, especially to our local board. I was meditating and contemplating on the different strategies as it concerns Bitcoin adoption and investment. I have come to the realization that, Bitcoin investment is like the movement of the Tortoise slow but steady, consistent which is backed by patience instead of moving fast. The tortoise is one animal that is among the slowest animals in the world when it comes to movement but lives one of the longest, so one may ask why bring this type of analogy into Bitcoin.

Yes bitcoin accumulation could be likened to this animal for its unique behavior, why focus on fast movements, which could be described as the quick money chasers in Bitcoin investment.while other animals chase quick profit the tortoise moves slow which teaches us to keep stacking sats and moving blocks without noise. When it comes to Bitcoin accumulation it's not about the fastest that wins but the one who moves slowly, not giving up but using the DCA method which could be likened to the movement of the tortoise. The tortoise may be slow in movement but, is resilient, discipline which are key elements to consider  when it comes to Bitcoin investment plan. The lesson we can take home from the tortoise approach is that we have to be Patience when  ever there is a market drop ignoring market hype and focus on long term gains.

You have said it all, The way u just compare bitcoin to tortoise explain how people suppose Dey patient and consistent for anything way concern bitcoin. To succeed for bitcoin investment no be about how fast you Dey, na about how you Dey consistent and Dey resilient. If u ignore to Dey focus for short-term investment and u focus for longterm goals, investors fit make good and stable decision. Patience alone no Dey guarantee better rewards. But with better knowledge, risk management e Dey important for longterm success.
So, e Dey good for investors to use the DCA method, just like u said, it may be slow, but it’s the safest for most people and also beginners.

[Nathrixxx]

Possible that we can start accumulating bitcoin gradually until we made the best portfolio we ever dreamed of, there are different strategies available for us to use in doing so and we must know the source of our income and how we could channel such to investing in Bitcoin with time, so that we will all be profitable after we must have invested, the most common strategy suitable for such pattern of investment is DCA, even though we can still on our own device other means as long as we are going to make profits.

[PremiumcryptoHub]

Your opinion on the Bitcoin savings method is very apt. The reason for giving such an analogy to Bitcoin is that it is better to do it slowly and hold it for a long time but if you hold it too fast for a short period, there is a high possibility of loss, so many people compare this Bitcoin investment process to a turtle. We are all aware of the patience, discipline and consistency in Bitcoin investment. Especially if you have a small amount of naira, you can start with that small amount without stressing yourself, which is referred to as the DCA investment strategy, due to which many people compare this strategy to the slow pace of the turtle. In fact, the purpose of this strategy is to maintain consistency, to continuously buy even if it is a fractional amount, in this way a small naija member can start investing.

[Kelward]

Bitcoin investment na slow and steady movement so person wey no get patient no fit endure until e go recover from dip and come begin to de increase small small until e go reach ATH sometimes e go take years before e happen. I quite agree with you say Bitcoin investment matter be like tortoise movement wey be slow and steady dat na why person wey want to enter di investment supposed to get some basic knowledge.

Newbies suppose to understand say Bitcoin no be get rich quick scheme wey be say if you buy am today within a few days e don give you sure profit, most of di shitcoins wey be like dat na scams dem be. As di price de reach successive ATH na trap to entice more victims to put dem money inside and before dem know di devs. go exit and your funds go sink with di ship. Bitcoin no de like dat because na decentralized currency which means say no single person or entity get total control over am, na asset wey don prove say im be store of value. If you de accumulate Bitcoin for profit e de better to comot your mind for quick returns because e fit to take a a very long time before e go happen.

[Tmoonz]

Nice topic. Using the tortoise as an illustration is not a bad idea actually because I have always known the power in staying patients and consistency as long as Bitcoin investment is concerned. However, you don't really need to pressured your self when you can conveniently be accumulating Bitcoin from time to time to your Bitcoin portfolio without stress or whatever through the DCA method. Furthermore, you can be accumulating very slowly (according to your financial strength) but steady which is a goal mark to you as on your side than someone that go wild without evaluating his financial capability before investing because he wanted to prove a point, and by doing so failed to put in place the required funds to backup his investment for the time of challenges and unexpected matters that may arise. Finally, Bitcoin investment is something we should do conveniently because initiating an investment in a right way is just the avenue for a positive results.

Apparently using a tortoise movement as an illustration for Bitcoin acculturation can not play a general acceptance and role in the sence not everyone can be moving as that of the tortoise in their bitcoin accumulation, there are those that can be moving way faster than the tortoise unlike others and that is their own level of aggressiveness and without over doing it, if we can relate profiting in Bitcoin investment to as slow as that of the tortoise movement it can be more acceptable because it requires long term and patient to profit from Bitcoin investment which can portray that of the tortoise movement because patients is paramount before getting to your destination.

[Jaycoinz]

Nice topic. Using the tortoise as an illustration is not a bad idea actually because I have always known the power in staying patients and consistency as long as Bitcoin investment is concerned. However, you don't really need to pressured your self when you can conveniently be accumulating Bitcoin from time to time to your Bitcoin portfolio without stress or whatever through the DCA method. Furthermore, you can be accumulating very slowly (according to your financial strength) but steady which is a goal mark to you as on your side than someone that go wild without evaluating his financial capability before investing because he wanted to prove a point, and by doing so failed to put in place the required funds to backup his investment for the time of challenges and unexpected matters that may arise. Finally, Bitcoin investment is something we should do conveniently because initiating an investment in a right way is just the avenue for a positive results.

Apparently using a tortoise movement as an illustration for Bitcoin acculturation can not play a general acceptance and role in the sence not everyone can be moving as that of the tortoise in their bitcoin accumulation, there are those that can be moving way faster than the tortoise unlike others and that is their own level of aggressiveness and without over doing it, if we can relate profiting in Bitcoin investment to as slow as that of the tortoise movement it can be more acceptable because it requires long term and patient to profit from Bitcoin investment which can portray that of the tortoise movement because patients is paramount before getting to your destination.

No be lie you talk oo but the true be say weda you buy big or you buy small small that waiting game na all of us dey wait am because like them always dey talk Bitcoin investments no be get rich scheme and nobody dey expect say Dem go just sleep wake up after them buy Bitcoin yesterday or some months and then Bitcoin don grow so big to cash out all the money, Bitcoin na gradually growth and some time sef the bear market dey make things very hard with the price na make to hold for long term na be the right way to go about everything.

[SatoPrincess]

I like as you take present the topic, simple and relatable. The tortoise analogy reminds me of those childhood stories them Dey tell us when we small about how tortoise wisdom save th animal kingdom or how tortoise win Hare for race even though na small animal. I think new investors and old ones can learn from that and realise that bitcoin accumulation is not a race. You just have to buy what you can afford while using a strategy that works for you.

[Father111]

Nice topic. Using the tortoise as an illustration is not a bad idea actually because I have always known the power in staying patients and consistency as long as Bitcoin investment is concerned. However, you don't really need to pressured your self when you can conveniently be accumulating Bitcoin from time to time to your Bitcoin portfolio without stress or whatever through the DCA method. Furthermore, you can be accumulating very slowly (according to your financial strength) but steady which is a goal mark to you as on your side than someone that go wild without evaluating his financial capability before investing because he wanted to prove a point, and by doing so failed to put in place the required funds to backup his investment for the time of challenges and unexpected matters that may arise. Finally, Bitcoin investment is something we should do conveniently because initiating an investment in a right way is just the avenue for a positive results.

Apparently using a tortoise movement as an illustration for Bitcoin acculturation can not play a general acceptance and role in the sence not everyone can be moving as that of the tortoise in their bitcoin accumulation, there are those that can be moving way faster than the tortoise unlike others and that is their own level of aggressiveness and without over doing it, if we can relate profiting in Bitcoin investment to as slow as that of the tortoise movement it can be more acceptable because it requires long term and patient to profit from Bitcoin investment which can portray that of the tortoise movement because patients is paramount before getting to your destination.

He is actually making some sense in the area of using DCA method when buying and accumulating Bitcoin small, small consistently, with this illustration of buying Bitcoin small, small is totally a tortoise movement accumution and in the second hand, you can still understand that even with the movement of tortoise to buy and accumulate Bitcoin aggressively, is a something that an investors will be much careful of over accumulating his limits, that can result of selling unexpectedly, Bitcoin investments is not aware of you using tortoise movement, but what matters how regular you can buy and accumulate and at the same time be patient with your tortoise movement of accumulating.

[Sammye3]

One basic thing I like about bitcoin which most cryptocurrency lack is consistency. The market has experienced a bloodshed in the past and bitcoin still stands strong overcoming every odds and criticism from people.

It moves like a tortoise typically with a purpose and its not backing down over anything. The worse seasons has come and gone but bitcoin still remains relevant,  that's a story that should convince beginners who still fear to invest in bitcoin.

[Amphenomenon]

Yes bitcoin accumulation could be likened to this animal for its unique behavior, why focus on fast movements, which could be described as the quick money chasers in Bitcoin investment.while other animals chase quick profit the tortoise moves slow which teaches us to keep stacking sats and moving blocks without noise. When it comes to Bitcoin accumulation it's not about the fastest that wins but the one who moves slowly, not giving up but using the DCA method which could be likened to the movement of the tortoise.  The tortoise may be slow in movement but, is resilient, discipline which are key elements to consider  when it comes to Bitcoin investment plan. The lesson we can take home from the tortoise approach is that we have to be Patience when  ever there is a market drop ignoring market hype and focus on long term gains.

The tortoise ideology here works for other good strategy of a acquiring bitcoin because in the end patience is needed in order to HODL and get a really good ROI according to your investment plans.

Patience is a virtue in life which also is important in any good investments.

[Youngrebel]

Yes weti you talk e dey correct. Even people wey get moni e no dey rush buy am full wallet but na gradual process. And nai im dem dey call DCA. Even no be DCA, u go fit buy wen u get moni. Bitcoin mo dey leave person run. Whenever u get moni and come to do place, u go see am buy. The best time to accumulate am na wen di price e dey down well well. And u come dey accumulate am small small until u get plenty and boom boom di price go up well well then u don hammer be dat.

[TokenTikas]

It moves like a tortoise typically with a purpose and its not backing down over anything. The worse seasons has come and gone but bitcoin still remains relevant,  that's a story that should convince beginners who still fear to invest in bitcoin.

Yes, The way bitcoin is growing feels slow, like the movement of a tortoise but it is still moving on the right path. There is a lot of history behind bitcoin becoming one of the greatest coins of all time, you can see that if you look back a bit. Sometimes, even moving at a slow pace can still bring something good. Bitcoin doesn’t move at a speed that will harm it, it takes its time. Let the journey with bitcoin be slow but let it be for something better.