Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Tungbulu
on 15/07/2025, 10:32:22 UTC
[Edited out]
So first of all, I think every investor should kill the traders spirit which gets you to follow the chart always and also keeps you waiting for dips to invest.

I agree that if we are in our accumulation phase of our bitcoin investment, we likely need to focus on various ongoing buying ways to get bitcoin, and selling bitcoin in order to accumulate more seems like a gambling approach to bitcoin and filled with too many uncertainties,
Exactly. Many folks focus more on bitcoin gambling than accumulation. They claim to be accumulating bitcoin until a supposed opportunity presents itself to them and they sell off immediately. They have the mind of a trader. Also, the level of uncertainties in bitcoin trading (gambling) is the reason for quitting bitcoin investment when they encounter series of losses. We may not dictate what another does with his money, but we can only suggest an assumed better approach to doing things.
The reason why this is so is because a lot of people in the crypto sphere started off with shitcoin investment and like we already know, those who invest in shitcoins have that gambler's mindset and then when they came to learn about Bitcoin, rather than dumping that mindset, they still approach Bitcoin with that flawed mindset, seeking for short term gains rather than considering the asset for its long term benefits. Bitcoin is far better than these shitcoins, in fact, they are not on the same league so there's no way you'll get a positive result by using the same approach. Bitcoin is a long term game and everyone that's involved must set a long term goal and those goals need to be realistic because that's the only way that they'll be able to come up with a unique strategy that suits pretty well with their unique financial and psychology position.