Quote from: JayJuanGee on July 22, 2025, 03:29:48 PM

Quote from: yixichloro2xx on July 22, 2025, 08:12:09 AM

Quote from: 9ja Amaka on July 22, 2025, 07:50:55 AM

Quote from: yixichloro2xx on July 22, 2025, 07:17:49 AM

Building a solid Bitcoin base first before even thinking about venturing into the casino of shitcoins is the most responsible thing a pleb or whale can do. If your Bitcoin position isn't strong enough, you are just gambling with your future.

$100k in BTC as a foundation is a fair benchmark,it shows commitment, conviction, and patience. Once that's secured, allocating a tiny slice 5–10% to explore riskier bets can be tolerated if you are emotionally and financially prepared to lose it entirely. But that base in Bitcoin? That’s what gives you long term resilience. Without it, you are just another tourist in crypto.

Let us be real, new folks in bitcoin or investors in low income countries, might see $100k too tough as a foundation to be in a strong position on their accumulation. If we start setting that amount as a bench market of being committed to bitcoin, we may end up discouraging a lot of folks who wants to start their investment journey. And yeah, I understand the $100k shows that one is serious and thinking long term buying. We can actually used that set our mindset in the right direction even if to us it may look difficult to achieve. I’m not saying we should lower the bar just to make people feel good, in the end what matters truly is our level of commitment and consistency not just what we plan that we didn't fulfil. An investor buying $30 weekly for five years consistently might end up investing longer than someone who aped in $100k the moment they start their investment.

You are right, and this is a very important point, telling people they need $100k before they are serious about Bitcoin can make it feel impossible for many, especially those living in countries with lower incomes. That kind of message might push people away instead of encouraging them to start.

I think that even another point that was being made in your initial post (yixichloro2xx) was that you were suggesting to build the bitcoin holdings up to a certain level before even dabbling with shitcoins. I am not sure about the necessity of this last point. It is not a bad idea, yet I understand that people who want to get involved in shitcoins, trade and even gamble, they may well might want to do that at all levels of their being involved in bitcoin. Many times they cannot resist investing in shitcoins or trading and it seems better for them to have an avenue with limitations rather than suggesting that they completely say no to such activities, since they likely would not be able to resist anyhow and so even though it is likely better not to get involved in shitcoins/trading at all but at least if they set a limtiation on themselves, such as no more than 10% of their bitcoin, and then each time they get paid, they can only put up to 10% of the new money into shitcoining and/or trading which means that they cannot continue to draw from bitcoin when they lose part or all of their shitcoin/trading allocated amount, yet every time they get new money to invest into bitcoin, they can take up to 10% of that to put into shitcoining and/or trading.

This is true. A lot of people genuinely can’t resist the temptation to gamble on shitcoins or try flipping some quick trades, especially when the market is hot and people around them are making quick gains. It is human nature to want in on that.

But honestly, from my side, I would still advise just staying clear for now, especially if you are still early in your Bitcoin journey or have not built a strong enough position yet. The whole idea of using Bitcoin as the solid foundation is because it's the only thing in this space with real long term conviction. Shitcoins and trading will always be there, the hype comes and goes, but the risk of losing your hard earned Bitcoin is real.

And yeah, I get the idea of setting a rule like 10% for maybe fun money or risky plays, that’s fair if you really can’t hold back. But the truth is, most people don’t stick to those limits when emotions comes. One loss leads to revenge trading, or they try to chase the next pump, and before you know it, they’re pulling from their main Bitcoin stash to make it back. It happens way too often...

Quote from: Olatundespo on July 22, 2025, 03:59:09 PM

Quote from: GIF-JOBS on July 22, 2025, 02:18:13 PM

I agree with you, everyone who understands the basics of Bitcoin correctly, they all time decides to deposit and hold Bitcoin consistently, and DCA is the best for this, only by maintaining a long-term view in Bitcoin investment, real profit opportunities are created, otherwise you will never be able to achieve real success by thinking about short-term profits, because Bitcoin is successful in the long term. Therefore, in Bitcoin investment, a long-term planned decision is required and that decision must be completely fixed, in the meantime, never think about selling for short profits, and do not panic and decide to sell during fluctuation, you have to hold for the long term with patience.

Knowing the basics of Bitcoin will motivate you in the long run and will help you accumulation in the DCA method. Another idea that you will gain from knowing and understanding the basics of Bitcoin is that you must be financially successful in the future with priority the present. Initially I was inclined towards trading in the hope of profit but it is so mentally painful. The effect of short term you cannot sleep properly because your mind will always be restless to see your portfolio and you will always be eager to sell.

You don't have to worry about actual profits first. You have to think about how to grow your Bitcoin holdings and even how to structure your investment strategy to drive longer-term accumulation. To maintain a long-term perspective you should increase your emergency fund as much as possible. This is because if you have a normal/large amount of emergency fund and floating fund, it is easier to make aggressive buying at any bearish events.

Yeah Man I feel this one. What you said about trading being mentally draining is so true i won't lie. It’s like, you think you’re just trying to make quick profits, but it starts messing with your peace of mind and psychology. Constantly checking price, watching red candles, thinking should I sell? or should I hold?, it's really exhausting. I’ve been there too.

And true it's best to understand the basics of Bitcoin, that alone builds conviction. When you truly understand what you’re buying, it becomes easier to stick with it and keep stacking, even during dips. DCA starts making more sense when you have that long term view. You are no longer buying for next week’s gains, you're building for the future.

Also the emergency fund part... Most people ignore it, but i will always say it is honestly a cheat code. When the Bitcoin retraces or dump a little and fear is everywhere, only those with peace of mind can sustain that phase. And It’s even way easier to buy aggressively with ur discretionary funds when you know you’re covered in real life. That state gives you strength to act when others are scared.

So yeah, let's forget chasing profits every day. And focus on accumulation....

Quote from: SmartCharpa on July 22, 2025, 10:45:37 PM

Quote from: Regardme on July 22, 2025, 07:07:25 PM

The main goal is holding bitcoin for a longer duration, so taking advantage of every opportunity should be the priority, either dip buying or DCA method, and not selling off when it rises. In as much as one is consistent, and makes sure not to sell Bitcoin when dip comes, rather seeing it as an opportunity to buy more bitcoin aggressively in order to accumulate a larger amount when it rises. Bitcoin is the future for those who are familiar with bitcoin.

When it comes to Bitcoin investment; the most important thing is not to buy and sell for quick profit, but to hold it for the long term and avoid the pressure to sell when the price increases even small, If we stay consistent and focused on the long term goals, we will be able to build something strong over time. Bitcoin will always have ups and downs, but those who are patient and don't panic usually come out winning at the end because it is not about predicting the market price, but it is all about remaining consistent and thinking about long-term.

Honestly the reality. The real win in Bitcoin is not about trying to catch every move or flipping it for small gains, it is in just holding and letting time do its thing. The truth is, Bitcoin moves in waves. There will always be corrections, dips, pumps, but if your mindset is long term and you stay consistent, you will likely do way better than most people trying to time the market. It is not about being perfect, it is just about being steady....