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Showing 20 of 60 results by 9ja Amaka
I agree with you. There's nothing wrong with those who leverage altcoins to profit, as that's also part of the market. Especially if they've been in the crypto space for a while and understand when to capitalize on an altcoin. When someone invests in altcoins, they already know the consequences.
On the other hand, those who invest in altcoins largely hold their portfolio in Bitcoin. Bitcoin is a good asset, with fundamentals that have no doubt about its future. However, not all altcoins are trash some can be leveraged to profit. Losses in altcoins are part of the risk they take. However, my advice for beginners is to consider Bitcoin as your future asset and avoid all altcoins.
On the other hand, those who invest in altcoins largely hold their portfolio in Bitcoin. Bitcoin is a good asset, with fundamentals that have no doubt about its future. However, not all altcoins are trash some can be leveraged to profit. Losses in altcoins are part of the risk they take. However, my advice for beginners is to consider Bitcoin as your future asset and avoid all altcoins.
As a bitcoin investor, if you haven't have a comfortable size of bitcoin in your portfolio dont invest in shitcoins. The only time you can rely on shitcoins to get quick profits from time to time, either to cover some expenses or to fuel your bitcoin investment more is when you have accumulated bitcoin and reached your target. The possibility of getting profit in shitcoins is low, because they can dump at anytime. They are meant to be where we can diversify into when we have completely reached our goal. It shouldn't be something we can rely on like we do with bitcoins.
⭐ Merited by JayJuanGee (1)
The Journey of bitcoin investment is not a one way ticket, it involves a continuous process and this involves STUDYING to know more about bitcoin and it’s technicalities, LEARNING new ways of investing (improving on the initial knowledge you started on), You PRACTICE (that’s investing) what you’ve learnt, practice is the only way you know for sure if you have the right knowledge and strategies or not, You PLAN your Finances and make out enough discretionary for your investment purposes (creation of emergency and reserve funds, percentage of discretionary money that goes into bitcoin), from time to time you check out how well you’ve accumulated and what you can improve about your strategy you RE-STRATEGISE if need be and that’s how you grow in this space, and at the end you must have known by experience what works best for you. As you increase and grow in your accumulation, you adapt new strategies, how a newbie is investing isn’t same as an oldie who’s almost close to his over accumulation.
I hope this is more clearer to your understanding.
I hope this is more clearer to your understanding.
People like you are the ones that makes it difficult for newbies to kickstart their investment. You have paint investing of Bitcoin to be one difficult and impossible thing to do. You dont need to know the practical and technical part of Bitcoin before you can start investing. From the basic things I have know, it didn't take me long to start buying and now I am doing god with my accumulation. The technical part of Bitcoin are meant for miners, developers and other individual who wish to expand their knowledge. As an actual investor, what you need to know is how to buy, how to secure your Bitcoin with the right wallet, how to keep your seed phrase safe. Keeping it away from scammers and online theft.
Re: 👑 CoinRoyale | Arsenal & Man City ' September 21 ⚽️ Up to $200
⭐ Merited by xandry (1)
Time: 16
Exact Score: Liverpool 2 - 2 Arsenal
Exact Score: Liverpool 2 - 2 Arsenal
Time: 12
Exact Score: Liverpool 1 - 1 Arsenal
Exact Score: Liverpool 1 - 1 Arsenal
The match is between Arsenal and Manchester City not against Liverpool.
Compounded accumulation is no longer an amount we can afford to lose
Many of us here must I've heard about "The Power of compounded interest". Here I want to discuss about the "The Power of compounded accumulation (investment).
The first rule of investment is - Invest with what you can afford to lose. Meaning, if worst comes to worst you wont be emotional after losing. But the power of compounding accumulation can change that narrative. Something every investor should never underestimate. Unlike trading, where you get profit when timing the market. In bitcoin investment you can get better profit when you compound your accumulation for a long term and only withraw when you reach your goal.
In the process of accumulating. There will be a point to where the money in your portfolio is no longer an amount you would want to lose anymore. Right.
For example, let say you invest as low as $10 every week and in a month you get $40. And in a year, you've invested $480. The money keeps piling up, as the year increases. In 10 years, you will have a comfortable amount or more if your discretionary income increases you can invest more.
The compounded Bitcoin in your portfolio becomes an amount you no longer want to lose. This is where you need to take extreme caution to not lose your investment by greed.
What is your take on this?
The first rule of investment is - Invest with what you can afford to lose. Meaning, if worst comes to worst you wont be emotional after losing. But the power of compounding accumulation can change that narrative. Something every investor should never underestimate. Unlike trading, where you get profit when timing the market. In bitcoin investment you can get better profit when you compound your accumulation for a long term and only withraw when you reach your goal.
In the process of accumulating. There will be a point to where the money in your portfolio is no longer an amount you would want to lose anymore. Right.
For example, let say you invest as low as $10 every week and in a month you get $40. And in a year, you've invested $480. The money keeps piling up, as the year increases. In 10 years, you will have a comfortable amount or more if your discretionary income increases you can invest more.
The compounded Bitcoin in your portfolio becomes an amount you no longer want to lose. This is where you need to take extreme caution to not lose your investment by greed.
What is your take on this?
Re: What should be your primary goal with your bitcoin investment?
You are right but to correct something, it is not a must to buy Bitcoin but rather it is necessary to buy Bitcoin in order to increase our portfolio so that in years coming we will be among the people that will celebrate our success. Bitcoin is not guarantee no doubt but the potential of it has made or almost made it look like a guarantee investment but nevertheless, it is never a waste to invest in Bitcoin because it is among the fast rising digital asset in the world and so it will continue to rise and grow.
I was about making that correction for him. We are responsible for every action we take in our life. Whether we want to start our investment or not it is up to us. Therefore, it is not a must to buy Bitcoin. At the same time, it is important that we take the opportunity of having at least some fraction of Bitcoin for the long term, instead of regretting in the future. No investment is guaranteed, not even in long term as long as this world is concern. There is risk associated in Bitcoin investment. In as much as it has proving to be successful for the past 11 years, it is certain that anything can happen due to policies and regulation. Deep down we hope nothing happens in the future. The more reason why we need to invest what we can afford to lose.
⭐ Merited by Bright0515 (2)
OP you are missing the whole point of joining the forum. It is more about learning and contributing.
There is no problem giving lectures or sharing what he has learnt. The problem here is that, he never took the time to read the rules of the forum. I am aware this topic has been discussed, a 1000 times in this forum (exaggerating a little bit - but you feel me), including this board and outside of the Naija local board.
~ snip
I see your interest in understanding Bitcoin, but you don't go faster than your shadow. This is your second activity count, first post was your introduction and the second is you giving lectures to members that has been in the forum before you came, you won't stand to gain anything from this topic, you better make time to learn more than you teach, most guys here already know the information you have to teach as a newbie but the better you learn deep both outside the local board and general forum, the more chance you stand doing it the right way.There is no problem giving lectures or sharing what he has learnt. The problem here is that, he never took the time to read the rules of the forum. I am aware this topic has been discussed, a 1000 times in this forum (exaggerating a little bit - but you feel me), including this board and outside of the Naija local board.
It sounds plausible, I’m a bit stuck on the a holder is a holder no matter where they are self custody or third party
I disagree. Those who don't own bitcoin cannot be called holders. Keep in mind that if you buy an ETF or basically even when you buy bitcoin through a middle man who ends up controlling your coins, you DO NOT own bitcoin. You are just investing with that third party.So are they going to decrease on-chain transactions?
I don't think so because I believe at the end of the day the number of people who invest with third parties in the name of bitcoin is going to remain lower than number of people who actually buy bitcoin themselves.
I agree with you pooya87, when you dont have full privacy of your Bitcoin you dont own it. Third party may not take responsibility if anything happens, the individual will be left with nothing at the end of the day.
There are several important reasons to why self custody should be prioritized, but its more about personal goals and concerns. If you dont have access to transfer your bitcoin out whenever you want, you are not in control and dont really own your coins. Being your own bank is probably the best.
The federal government has seized assets of third party companies holding huge asset, they can do it again.
Not possible.
Up to 50% of Bitcoiners are holders. 20% is probably holding for the long term. Also, big institutions like MSTR and 21 capital hold more than 10% of Bitcoin in their company. Let us also talk about countries holding bitcoin for reserve. Why this wont be possible is because there are not enough people willing to sell their bitcoin as it stands.
Up to 50% of Bitcoiners are holders. 20% is probably holding for the long term. Also, big institutions like MSTR and 21 capital hold more than 10% of Bitcoin in their company. Let us also talk about countries holding bitcoin for reserve. Why this wont be possible is because there are not enough people willing to sell their bitcoin as it stands.
Re: What happens when there is no more Bitcoin available to buy?
Maybe we switch over to other business/ Investment it could be real estate Business or other investment 
. I still can't believe that you will be asking this kind of question when buying and selling in going on. This can only be possible if selling is not taking place in the market, that's everyone will now concentrate in accumulating bitcoin without attempting to sell but this is almost impossible as majority of the investors will be tempted to sell thier holdings some day. So the fact there is that bitcoin will continue to be available in the market, it will be there for you whenever you're interested to start your accumulating journey but I will advice you start early if you're still a no coiner.
. I still can't believe that you will be asking this kind of question when buying and selling in going on. This can only be possible if selling is not taking place in the market, that's everyone will now concentrate in accumulating bitcoin without attempting to sell but this is almost impossible as majority of the investors will be tempted to sell thier holdings some day. So the fact there is that bitcoin will continue to be available in the market, it will be there for you whenever you're interested to start your accumulating journey but I will advice you start early if you're still a no coiner.Simple and short. No one should get stuck on bitcoin investment alone. There are many other investment that is good and would yield good profit in the long term. Sometimes investing in company stocks and real estate is good. Bitcoin has blinded the eyes of many individuals to see potential opportunities which is not meant to be so. In as much as it is the most preferred investment now, we should always find other profiting opportunities that may present itself now or in the future. Anyway I dont see bitcoin been unavailable to buy even in the next 20 years.