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Showing 7 of 7 results by Alonso_
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Re: Buy the DIP, and HODL!
by
Alonso_
on 29/08/2025, 10:46:48 UTC
Quote from: ruykeri on Today at 05:05:01 AM
Quote from: Alonso_ on August 28, 2025, 02:53:10 PM
Quote from: CageMabok on August 28, 2025, 08:41:51 AM
Quote from: New Judgement on August 27, 2025, 11:22:12 PM
Thank you sir for taking your time to educate me on this matter. You know I have only limited myself to the practice of the dca method. I haven't had the privilege to apply the theory three practice. Hopefully in the future when I get lump sum, I'll divide it into three parts and practicalise the three practice so I will be informed and gather knowledge. For now since I only depend on my monthly income, I will continue with my differ technique (DCA) since I like buying weekly.
The technique you've been using so far is also fine for anyone, as the goal is to buy Bitcoin within your own means and with a method you can implement comfortably without any interruptions or other sacrifices. However, I'd like to remind you that you must be more consistent in implementing this method as long as you're not yet able to buy large amounts of Bitcoin at once. This is because it can only be done by people with a substantial weekly income and by business owners who consistently generate profits through their own work.
I think the best way to invest in Bitcoin is just having that methods that we feel is comfortable and sustainable to us and focusing on it, depending on the amount of discretionary income that we have available at our disposal, if we think that a strategy is good for us to keep buying and accumulating bitcoin then we could have a better chance of having a successful Bitcoin portfolio, and also trying to implement other financial strategies that could also support us have more discretionary income in our disposal to be able to stack up more bitcoin, I think we might not necessarily have a weekly income to be able to get started, and having a discretionary income could be enough for us to go that far in our bitcoin investment, we might possibly have a weekly income and don’t have a discretionary, then we can’t start, so it’s better to get started little by little with availability of discretionary income.
You have understood one very important thing, there is no substitute for discretionary income when investing in Bitcoin. The price of Bitcoin fluctuates a lot. No one can say exactly what its value will be in the future. However, the possibility of profiting from long-term investments is much higher. This can be understood by looking at past statistics and the current popularity and market value. It is increasing day by day. As a result, it can be assumed that Bitcoin will become more popular and valuable in the future. There is no alternative to discretionary income for long-term investing. Investment does not stop at how low or high an income a person has. A person can invest in Bitcoin from $10 to $100, depending on his income. A person should never sell any of their essential assets, any savings that were kept to meet basic needs, or take out a loan from a bank to invest in Bitcoin. If you invest in this type of sector, you cannot keep it for a long time. If you have any income other than your basic needs and all your monthly expenses, you can invest in Bitcoin for a long time because Bitcoin fluctuates a lot in price. Therefore, it is not possible to get the right investment for a short period of time, such as one or two years. You must continue to invest for four to ten years, following the DCA method. You must create an emergency fund and a reserve fund to solve any financial problems in times of emergency so that such problems can be solved without selling Bitcoin. This will make investing in long-term and increase the possibility of making much more profit.
By my little understanding of going through what have been said here in a little time I’ve come to understand that starting investment in Bitcoin is quite easy when we have a discretionary income and also having that source of income, and we don’t even require so much money to be investing in bitcoin, starting with a little amount isn’t bad, as most investors would think that everyone would have to start very big, which isn’t a mandatory that we should all buy bitcoin in a large quantity.

Buying through the DCA is quite enough for me right now and trying to accumulate and buy bitcoin fraction by fraction, I might possibly not have $100 dollars to buy bitcoin every week, but I can still be buying my bitcoin $50 on a weekly basis when I have my discretionary income, hoping to also increase my finances and also working on my finance so I can be able to buy and accumulate more bitcoin into my bitcoin portfolio, everyone eventually knows how they feel comfortable.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Alonso_
on 28/08/2025, 14:53:10 UTC
Quote from: CageMabok on Today at 08:41:51 AM
Quote from: New Judgement on August 27, 2025, 11:22:12 PM
Thank you sir for taking your time to educate me on this matter. You know I have only limited myself to the practice of the dca method. I haven't had the privilege to apply the theory three practice. Hopefully in the future when I get lump sum, I'll divide it into three parts and practicalise the three practice so I will be informed and gather knowledge. For now since I only depend on my monthly income, I will continue with my differ technique (DCA) since I like buying weekly.
The technique you've been using so far is also fine for anyone, as the goal is to buy Bitcoin within your own means and with a method you can implement comfortably without any interruptions or other sacrifices. However, I'd like to remind you that you must be more consistent in implementing this method as long as you're not yet able to buy large amounts of Bitcoin at once. This is because it can only be done by people with a substantial weekly income and by business owners who consistently generate profits through their own work.
I think the best way to invest in Bitcoin is just having that methods that we feel is comfortable and sustainable to us and focusing on it, depending on the amount of discretionary income that we have available at our disposal, if we think that a strategy is good for us to keep buying and accumulating bitcoin then we could have a better chance of having a successful Bitcoin portfolio, and also trying to implement other financial strategies that could also support us have more discretionary income in our disposal to be able to stack up more bitcoin, I think we might not necessarily have a weekly income to be able to get started, and having a discretionary income could be enough for us to go that far in our bitcoin investment, we might possibly have a weekly income and don’t have a discretionary, then we can’t start, so it’s better to get started little by little with availability of discretionary income.
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Topic
Board Nigeria (Naija)
Re: 🍉🍍🍓 Naija Board । Bitcoin Fruit Carving & Decoration Contest - 2025 🍉🍍🍓
by
Alonso_
on 28/08/2025, 14:29:00 UTC
Reserved….
Post
Topic
Board Nigeria (Naija)
Re: Can Bitcoin Replace Land and Gold as Store of Wealth in Nigeria?
by
Alonso_
on 28/08/2025, 08:48:24 UTC
Quote from: Odusko on August 25, 2025, 04:45:28 PM
Quote from: Kagaru on August 24, 2025, 09:40:07 PM


My question to the house is this:
Do you believe that it is possible that Bitcoin could actually supplant land and gold as the chief store of wealth in Nigeria, or will it remain a modern adjunct to the old ways?
Would you personally prefer to hold most of your savings in BTC, rather than buy land?

In terms of saving and investment, I say yes Bitcoin have taken over as the most preferred form of investment by Many people in this contemporary time, this is the reason you see some investors having to sell off lands and keep the money in Bitcoin, alot of things made Bitcoin to be most preferred than land and gold at this point and that is also the cross boarder usability and also free from all taxes.
Right now the world is changing, and since Bitcoin came into existence people have seen that it’s been going towards the direction of people trying to adopt bitcoin as there means of saving money, and we see Bitcoin as something that is more secured and you can control your money you don’t have to go to any bank, and if you start buying bitcoin to save them it’s seen as a means of investment and keeping more money. And right now I prefer bitcoin more than anything, I could decide to sell my lands and gold to hodl bitcoin because bitcoin is well regulated and can give me more profit and sometimes land and gold could depreciate with Inflation. Bitcoin is the most preferred assets right now compared to land and gold.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Alonso_
on 28/08/2025, 08:36:02 UTC
Quote from: SPIDERMAN008 on Today at 06:19:42 AM
Quote from: Obulis on August 27, 2025, 06:54:39 PM
Quote from: Sjkah on August 17, 2025, 02:26:50 PM
I don't know if I will actually be successful one day if I invest in Bitcoin. I continued to invest in Bitcoin for many years but did not get any good results then everything was in vain. If we can invest correctly then we can make a profit then we should invest in Bitcoin and hold Bitcoin.

I understand how you feel, investing in Bitcoin can be uncertain and also frustrating some times, mostly if the results don’t match as expected.  Bitcoin highly volatile, and success usually do not just depends on timing, but also on strategy, research, and patience.

It’s true that wise investment and good understanding of the market cycles has potential for profit. But long-term strategy has worked well for some people, and it is good to have realistic expectations and also great not putting in more than what you can afford.
Never you lose hope, be smart and careful.

Investing in Bitcoin is never uncertain. And it is not a disappointment for everyone. No one can know what will happen in the future. Many people do not think about Bitcoin's position as they do their own research, so it seems uncertain to many. And many people suffer from frustration as a result of not investing properly. If you have proper knowledge about Bitcoin and follow DCA and invest with discretionary income, you will get good profits after a long time.
You never can tell what is certain and uncertain in Bitcoin, because Bitcoin is a volatile network and it’s quite unpredictable, like we all know the future is uncertain and quite unpredictable, but in terms of Bitcoin investment I will require a little source of income which could result to a discretionary income, then I can decide to have a good and well mastered plans to keep buying and accumulating, because I wouldn’t want to start investing in Bitcoin then along the line when I hit a rock bottom then I start thinking of other options due to negligence, but it’s important to start buying and accumulating and along the way also trying to have some suitable emergency funds and reserved funds. It would really help me to keep buying and accumulating, and also trying to stay on track.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Alonso_
on 28/08/2025, 01:46:01 UTC
Quote from: Gost ms on August 27, 2025, 10:40:07 AM
Quote from: G_Besar on August 27, 2025, 08:40:29 AM
Quote from: Showlove01 on August 26, 2025, 08:15:02 PM
It may not be the best but it is among the best and the rate at which it Is accelerating, there is every tendency that it will outgrown those of them that seems or appear to be more than Bitcoin for now because where Bitcoin skyrocketed from is really something that is confusing most persons till now because the never believed it. Bitcoin is a growing and it shall continue to grow and its potential speak about it all, but passing wrong information to someone who want to invest in Bitcoin will be wrong and it may affect the person in his investment the reputation of the person that passed the information will be ruined and it will somehow give Bitcoin a bad name like scam project which is not true.

From Bitcoin's long history, everyone can see that Bitcoin doesn't wait for a few unbelievers. Because Bitcoin will continue to grow, even if not everyone in the world believes it is an asset worth holding and buying at any time by anyone who believes in it. And as for spreading information about Bitcoin to those who don't believe in it, I don't think it should be too difficult to do, as we can all suggest it to our own family and close friends first. Because it will also spread over time to others through anything, whether social media or conversations when we meet.

And it's our duty as believers in Bitcoin to create long-term investment plans without worrying about and wasting more time on those who don't believe in Bitcoin. Because time is ticking, we can't turn back time, so those who have experienced the good times by buying Bitcoin will regret having exchanged their fiat currency for Bitcoin to achieve greater financial freedom in their later years.

We should never encourage anyone to invest or tell anyone to invest in Bitcoin. Because Bitcoin is a very volatile market, anything can happen at any time. Suppose you have advised your friend to invest in Bitcoin and your friend has invested in Bitcoin after listening to you, but after a few days, if there is a decline in the market and your friend loses some money and if he gets scared and sells all his holdings. Then your friend will put the entire blame on you and blame you. So it is never right to force anyone to invest or encourage anyone to invest.

But yes, if a person is willing to invest in Bitcoin and if he comes to you to know something related to Bitcoin and investment information or to get advice. Then you can give him basic knowledge about Bitcoin, tell him about the volatility of Bitcoin and introduce some things to it, which will be good for him. You can tell him all the things like which method would be better to invest in. Then if he likes it, he can invest. But it is never right to force or encourage anyone to invest.
I must say there is nothing wrong with encouraging your friend to invest in bitcoin and maybe someone seek some advice from you about bitcoin, there is nothing wrong in telling them, as long as you’re telling to invest you will also be telling team what Bitcoin is all about and also teaching them the little details of the risk involved in bitcoin, as much as we know that bitcoin is risky, doesn’t mean that we shouldn’t invest in bitcoin that is why it is more good that we invest and hodl for a long term, because bitcoin is a volatile assets and when we tend to have a bear season we would also have a increase season, in bitcoin when it comes down it will also go back up that is one theory you should also tell people so we don’t panick, because when I first learnt about bitcoin I was told all of this things and I was never scared, we can only motivate and encourage ourselves. Right now I would always choose investing through the DCA because I’m only dealing with a little discretionary income, that would be more comfortable for me to keep accumulating through DCA. I would always prefer investing in Bitcoin instead of keep money in the bank which is totally a bad idea, keeping money in bank for 5yrs would be nothing for me, but Bitcoin I would stand more opportunity for a ROI, which is why I will always choose investing in Bitcoin.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Alonso_
on 27/08/2025, 23:17:34 UTC
Quote from: avp2306 on Today at 10:21:01 PM
Quote from: Emjay24 on Today at 07:02:32 PM
Quote from: Dareo on Today at 06:03:10 PM
I believe that these two sides here are pointing at the same truth in two different directions. The thing is that good Bitcoin investment is reduced to risk management, and this is why discretionary income is frequently suggested to people, as it means that you will not be forced to sell all your assets to panic in case the costs of life will appear. Meanwhile, there are more highly-convinced investors or better-financially-shielded investors who make far more aggressive allocations, and history tells us this has been successful in the case of some of them. In my own case, I would consider DCA with discretionary funds as the most secure long-term course of action, whereas I would consider dips as an opportunity to be a little more aggressive provided that your financial capabilities permit it. In that manner you would develop progressively without putting aside money that you could require the next day.
What I find very practical is that investors prepare for dips and not treating dips as an emergency activity and ending up going against their financial discipline to entertain dips, using money meant for something important to pursue dips is a very bad cashflow management practice and would be better if the investor who wants to buy a dip saved up for the dip alongside his consistent bitcoin purchase and buys the dip when it presents itself from already saved funds in that regard.

The common problem is some problem think its really the best choice to buy at the dip then gain profit when sell it on high price.

But in reality those situation they try to enter is so stressful because actually we don't know when does actual dip coming since there are times the price keep dumping for more and that affects their decision to buy until they get left behind.

That's the reason on why they as you said its really ideal to prepare for a dip then consistently accumulating since with this we can assure that we accumulate whatever market condition we are facing on. Consistency is always important and they will just give their self something to regret if they keep waiting for dips before they buy.
I think when someone thinks that buying the dip is the right choice, mostly trying to wait for the dip to occur I think that is an awful strategy, and the fellow isn’t ready to invest in bitcoin yet, the right choice should be getting started just like I’ve decided to get started with my bitcoin investment at some certain point, which I’m more satisfied when I have a discretionary income to start my investment with, having that opportunity is quite an advantage for someone who doesn’t have that thinking of buying on a regular basis and decides to keep investing through the DCA on a regular basis, buying the dip wouldn’t be a challenge if we choose to have a good and steady approach towards Bitcoin, like buying the dip specifically when the dip opportunity presents itself, there are some guys who are investing in bitcoin and they specifically keep some amount of money outside there discretionary income to buy the dip when it presents itself with still being consistent with with buying through the DCA or buying through the lump sum, which I really think it’s also a good decision being that strategic.