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Showing 20 of 26 results by Amicablecrypto
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Re: Adjustments to Merit calculation
by
Amicablecrypto
on 10/07/2024, 09:31:15 UTC
+1

Admin please I want my account to be deleted so no body will be scammed through this account because I have observed that someone is trying to hack my account and I'm not interested on using the account anymore so delete it.
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Board India
Re: Saving your seed phrase
by
Amicablecrypto
on 09/07/2024, 23:19:08 UTC
It is very important we all know how to keep our seed phrase save, because if we lose them we can't have assess to our wallet anymore, so is important we keep them save and it is also important we use a strong password for our wallet so as to prevent someone from login in into our account.
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Board Politics & Society
Re: Poverty change people
by
Amicablecrypto
on 09/07/2024, 22:04:29 UTC
Yes poverty can make one do things he or she will never wanted to do, a lot of people has been involved in crime because of poverty, poverty can change you from being good to being bad, and I don't think poverty will ever change one to be good it will always change people to be bad.
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Board Beginners & Help
Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed
by
Amicablecrypto
on 05/07/2024, 16:06:51 UTC
Buy Buy Buy or Sell Sell Sell?
Category: opinion
Board: Economy board

Learn from Bitcoin
Category: opinion
Board: Nigeria board

Buy Buy Buy or Sell Sell Sell?
Category: opinion
Board: Economy board

Buy Buy Buy or Sell Sell Sell?
Category: opinion
Board: Economy board

Buy Bitcoin, and HODL!
Category: opinion
Board: Economy board

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Board Beginners & Help
Re: [Merit] Share your best local board posts/topics
by
Amicablecrypto
on 03/07/2024, 10:09:00 UTC
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Topic
Board Nigeria (Naija)
Re: How to HODL for long.
by
Amicablecrypto
on 03/07/2024, 09:58:10 UTC
It is always better you have a plan over your Bitcoin investment before you invested in it and always try to stick to the plans. Many people get confused because they don't initially have plans for their Bitcoin investment and that is what normally course their panicking whether they should sell or not. Always try to know where you always want to be taking your profit. Asking people to tell you when to sell is not a better idea because nobody is expert in that way, everybody is just saying is own base on their technical analysis views.(knowledge)

Your decision on whether to sell or wait until the price rises even further depends on you. But make an effort to take a seat, reflect, and conduct additional research. No one controls the market price, so it is difficult for anyone to advise whether to sell or not,although it not bull run era but nobody can 90% assure you maybe it will continue maintain the rang of  $20k till bull run time or still fall beyond $15k.many people are only speaking about their own experiences.
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Board Nigeria (Naija)
Re: Learn from Bitcoin
by
Amicablecrypto
on 03/07/2024, 09:36:09 UTC
Well the best way to key your bitcoin wallet safe is to keep the recovery key or private key save from any other person including your dear ones such as close friends and family. It is not everything that people around you must know about you especially as it deals with your asset. We've seen cases where brothers go into battlegrounds simply because of inheritance that has been kept for them to take.
Some humans are selfish by nature and they have this thing within them that motivate or instigate them to go that route so, the best way to avoid somethings is by keeping them private to yourself which includes your seed phrase.
Your private key is so important and delicate to the level that you are advised not to upload it anywhere online in any cloud storage. Instead you should have it stored offline and keep it up to yourself. There are a few ways you can store your private key offline which is through hardware written on paper, through custodial and noncustodial cold wallets.
The custodial wallets are when you allow your exchange company to store the keys for you whereas in noncustodial you do that yourself. The danger in allowing other company's store it for you is once their server or database is hacked into, your asset is probably gone forever but custodial wallets can be of advantage to small and new bitcoin users who have meager resources on their wallet.
On the flip side, the noncustodial wallet is an example of Ledger Nano X which you make use of yourself to take care of your key. Whichever one you do have their advantages of disadvantages but the best is to always have your private key secured in an offline physical storage where you can always access in years time.
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Board Beginners & Help
Topic OP
Is there rules limiting newbie from sending merit in this forum.
by
Amicablecrypto
on 27/06/2024, 09:25:16 UTC
Hi everyone.
Please I have a question to ask I have seen many rules in this forum and I have gone through some but there's one thing I have not seen and that's why I want to ask, is there rules for sending merit as a newbie or any limitation to the number of merit's to send as a newbie.
And how can I send merit to someone if I see a good post.
And I want to know how the merit system works in this forum.
I'm curious to know I don't want to make any mistakes or break any rules.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Amicablecrypto
on 26/06/2024, 20:33:54 UTC
-cut-
Invest based on your financial strength and don't borrow money to own more Bitcoin because when the market corrects and you invested more than your Hodling limit, you'll be panicking and probably miss out of gains you were suppose to get as you sold under pressure so it is advised as a newbie to use the DCA strategy for your accumulation journey and also try to have an emergency, reserve and float funds in other to secure your investment.


Although it is not recommended to borrow to invest in bitcoin, if you have a source of income to pay the loan and a lending platform with affordable interest, it is not a problem. Because there are cases where investors who see the opportunity to invest in bitcoin then mortgage their cars to the bank or borrow with their savings as collateral with an interest of only a few percent, and then invest the money in bitcoin, and after a while he finally gets the profit as he expected first.

The point is how you can use the debt as you expect, have the ability to pay the debt, and consider the very low interest rate, and most importantly not from loan sharks. If you can utilize debt well and have good financial management, borrowing to invest in bitcoin should not be a problem.
Well you are right but why borrowing to invest in Bitcoin when you are working why not use the DCA strategy and accumulate as much as you can, from your explanation you talk like someone that trade Bitcoin and that's not a good option for me and my follow newbies, anyone coming into Bitcoin should have the mindset of long term investment, it is always advised for anyone going into Bitcoin investment to have a source of income and also have emergency, reserve and float funds in other to secure your investment when this is in place there's no need to put your self in debt all you need to do is to use the DCA strategy and start accumulating and hodling too for a long term.
Borrowing to invest in Bitcoin is a wrong idea when is only advised to borrow is when you have a very big emergency or issue and you have exhausted your emergency, reserve and float funds then you can borrow instead of dipping hands into your Bitcoin investment since you already have a steady source of income and will pay back once you receive your salary.
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Board Politics & Society
Re: If there was no government to govern us (humans)
by
Amicablecrypto
on 26/06/2024, 19:17:16 UTC
My interest is ... Could we (humans) had lived a peaceful soul here on earth without a governing body and no laws?
Without law there will be no society what keeps a society together is law and the government, without law in the society there will be anarchy, someone can come into your house rape your wife and daughter simply because his stronger than you, laws are what guide us in the society and the government is there to implement those laws and punish offenders.
Right from the garden of Eden there has been government in place to oversee the affairs in the garden and Adam was seen as the government in place.
Without law and government the word society will not exist that is to say government and law are very important in a society.
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Board Politics & Society
Re: Religion in our society
by
Amicablecrypto
on 26/06/2024, 16:42:17 UTC
why can't religion reduce the rate of crimes in our society?
If the society should practice our individual religion which they tend to belong, i feel the world would be a better place for mankind
You are very correct the only reason we are experiencing crisis in the world today is because we are not living by the teachings of our religion, a lot of people only say this is there religion but are not following the rules and regulations of there faith.
A good number of our religion believes in orderliness, fairness and justice if we all should abide by our religion there will be fairness and justice which we result to peace in the world, some people thinks region is the cause of the problem we are facing in the world but is not true, people who are practicing there religion very well will never engage in anything that will be against there religion, in fact religion is the reason will still a little peace in the world today because a good number of people are abiding by the laws of there religion.
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Topic
Board Nigeria (Naija)
Topic OP
FG meets local refiners over pricing, faults Dangote
by
Amicablecrypto
on 26/06/2024, 12:11:46 UTC
The Federal Government, on Tuesday, declared that there was no importation of dirty fuel into Nigeria, countering the recent position of an official of the Dangote Petroleum Refinery.

It declared this after meeting with oil marketers and local refiners of crude oil in Abuja, where parties at the meeting discussed issues about refined products’ pricing, issues of competition and the importation of products that are produced in Nigeria.

Also at the meeting, oil marketers stated that though local refineries were producing some of the refined products, this would not stop marketers from patronising other sources, while also buying products from the indigenous producers.

Speaking through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, while reacting to claims of dirty fuel importation to Nigeria, the government stated that refined petroleum products with high-sulphur contents were last imported in February, stressing that this had since been addressed by the regulator.

This our government I just tire for them dey no go ever see Truth talk say na truth them go always fine way to cover there incompetency, dirty fuel importation na something way they go own for this our country and those fuel done spoil many people car and bike even those once them they produce for here no too good.
Make Nigeria government see Truth talk then sit up and make sure they but an end to somethings.



Source.
https://punchng.com/fg-meets-local-refiners-over-pricing-faults-dangote/



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Topic
Board Nigeria (Naija)
Re: Learn and observe the market
by
Amicablecrypto
on 26/06/2024, 10:59:29 UTC
Me as a newbie my only focus is on Bitcoin I fear other cryptocurrency so much and I don't think I will ever be interested to invest on them, what you have said is very current is good to study the market very well however me that is only investing in Bitcoin I really don't see any need to study the Bitcoin market because I know it will fall and certainly rise the only people that should be worried about the market is those people investing on other cryptocurrency.
I don't have fear in Bitcoin market I'm using the DCA strategy for my accumulation and I think people that are trading Bitcoin could also study the market since they are trading but for those who are holding for a long term shouldn't worry too much about studying the market. As a newbie all we should be concern about is knowing about Bitcoin have the knowledge.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Amicablecrypto
on 26/06/2024, 08:53:39 UTC
Quote from: Mate2237
As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.

Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income.

The bolded part of your narrative can be very misleading considering the fact that newbies can as well access this thread, since you will not be buying a whole Bitcoin the current price doesn't make it high or expensive for any investors to make purchases of Bitcoin, with dca strategy fractions of Satoshi can be bought with as little as you can afford either weekly or monthly irrespective of the price point at different intervals, there is no certainty or guarantee to backed up your claims that there will more drop, why even waiting for a drop before accumulating Bitcoin? It can be a total waste of time as you may not be able to see your expected dip, but with dca you are already in the market on time without any form of timing the market .
The price of bitcoin is not high for any investor who intend to purchase Bicoin, it's important to consider that buying bitcoin doesn't require purchasing a whole coin.  Waiting for the price to drop before buying bitcoin might not always be the be best approach especially if you want to keep growing your bitcoin stash. The question is dip might occur but does it suit your desired level?, Using a DCA strategy is an approach that eliminate the need to wait for a specific price drops that may never come, ensuring you're consistently in the market without the stress of market timing. With a DCA you can acquire Bitcoin at various price points regardless the market situation. This way, you can invest consistently and avoid missing out on potential opportunities that align with your investment goals. DCA allows you to purchase Bitcoin at both high and low prices, ensuring you stay on track with your investment strategy.
You are very correct For average income earners who wants to do Bitcoin investment, if they can not afford to buy 1 Bitcoin, then it's best to start according to the amount that you have, by buying in Satoshi, being the smallest units of Bitcoin. I love Bitcoin investment because it affords the investors opportunities to start small, they can do DCA method and continue to accumulate and hodl until it reaches one Bitcoin and beyond. If an average income earners is passionate to start the journey of Bitcoin investment, the relatively high price will not be a discouragement because of the option of starting in satoshi. The way Bitcoin price is increasing it might get to a level where you'd have to be rich to do it's investment, thankfully Satoshi will bridge the gap.

you don't have to own a whole Bitcoin to become a Bitcoin investor and benefits from the profits of Bitcoin, consider every fraction of Bitcoin that you own as a share in Bitcoin profit that'll make you eligible to receive the rewards of holding Bitcoin. If Bitcoin price increase by $1000 and you own 1 Bitcoin, it means you'll receive 100% of that $1000 that Bitcoin gained and the percentage spreading across the fraction of Bitcoin you own. If you own 0.1 Bitcoin you get 10% increase of that $1000 that bitcoin gains and the percentage you gain follows same path. This is why the more Bitcoin fraction you own the better you stand to benefits from the profit increase of Bitcoin. Invest based on your financial strength and don't borrow money to own more Bitcoin because when the market corrects and you invested more than your Hodling limit, you'll be panicking and probably miss out of gains you were suppose to get as you sold under pressure so it is advised as a newbie to use the DCA strategy for your accumulation journey and also try to have an emergency, reserve and float funds in other to secure your investment.
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Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Amicablecrypto
on 26/06/2024, 07:30:52 UTC
⭐ Merited by Wind_FURY (1)


OK, at first I told myself that why is changing the title of the topic so unpopular - it's merely a title. I felt there was some pressure towards me to change it back to "Buy the DIP, and HODL". But why would I be pressured of it's merely a title?

¯\_(ツ)_/¯

Changed.
[/quote]

I'm so happy you changed the topic back to what it was before this thread will be more interesting and impactful especially to we the newbies, it was through the thread a of us choosed the strategy we are to use in our Bitcoin accumulation and I believe without the DIP in this topic those discussion of different strategy won't come up.
I want to use this opportunity to thank everyone who has been participating very well in this thread and a special thanks to you Wind_FURY for creating such a wonderful topic has changed a lot of negative mindset and helped especially we the newbies and I will also love to thank JayJuanGee for all his wonderful contributions to this thread a lot of use the newbies always enjoy reading your write up it is so impactful.
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Topic
Board Beginners & Help
Topic OP
Ways to invest in Bitcoin.
by
Amicablecrypto
on 25/06/2024, 18:22:25 UTC
I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
A lot of people especially my follow newbies are curious to know the various ways in which they can invest in Bitcoin, when it comes to bitcoin investment there are three main ways which one can invest and become productive.

buying and hodling:

Buying and holding is the simplest way to invest in Bitcoin, and it involves simply purchasing Bitcoin and holding it in a digital wallet. And there are different strategy in which one can use in accumulating Bitcoin and hodling which are.
DCA strategy ( Dollar Cost Averaging): this is an investment strategy where you buy Bitcoin at a regular interval, not minding the price. One can just set a particular amount which he or she will be using to buy Bitcoin it could be weekly or monthly.
Buying during the Dip: this is also an accumulation strategy it involves waiting for Bitcoin to dip before accumulating or buying.
Lump Sum: Some people decide to buy their bitcoin all at once at a price they feel is good for them. This strategy is referred to as Lump sum. one can just be saving till when he feels he has enough money he can just purchase Bitcoin using all the savings or one can use an inherited money to purchase all at once.
The main advantage of buying and holding is that it is simple and straightforward.

Trading:

Trading involves actively buying and selling Bitcoin in order to profit from price fluctuations. A lot of people uses this strategy and this strategy is sometimes completed and is not advised for a newbie to venture into it. trading involves speculating on Bitcoin price movements using CFDs. Before you venture into trading you have to Learn the factors that moves bitcoin price.
 
Mining:

Mining involves using computers to solve complex mathematical problems in order to earn Bitcoin as a reward. Me and my friends once mined Bitcoin on a particular app I think the app is called Bitcoin mining.
This process of mining will take you a lot of time and is also data consuming you need to have a lot of data to do this.

If I made a mistake or I didn't add something please I'm open for correction.
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Topic
Board Nigeria (Naija)
Re: Crypto is really helping
by
Amicablecrypto
on 25/06/2024, 14:15:31 UTC
No be something oo crypto they really help oo, e get people way don become millions through crypto and till now cryptocurrency still they help a lot of Nigeria youth, I no person way done change the life of himself and en family for good through crypto, just imagine now say crypto no they e for hard us to do transactions online cryptocurrency don really open a lot of door for people oo, the first 100k way I make na through crypto them use pay me, a lot of online jobs now pay through crypto is very fast and reliable and if to say cryptocurrency no dey e for hard to even get those opportunity.
I thank God for crypto a lot of people way done they accumulate and hold Bitcoin for 8 years now done turn millions finish and crypto don bring a very safe investment which is Bitcoin investment ever since I start Bitcoin investment I no they fear anything my body just they at peace the dip for Bitcoin no dey shake me because na normal thing but the rise is certain and Bitcoin go they grow more bigger and better.
Cryptocurrency done really help the world at general to make life more easy.
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Board Speculation
Re: Buy Bitcoin, and HODL!
by
Amicablecrypto
on 25/06/2024, 10:27:07 UTC
[edited out]
Okay how about last five years that the price of Bitcoin in April 2019 when this thread was created was around $5000 so you can agree that someone who bought bitcoin then did bought at a dip price if we look at the price today so that is still the same thing that we are likely to experience in the future so as the price of Bitcoin keeps creating new ATH that is how previous buyers will continue to buy at a dip price and it continues inasmuch as the factors that leads to the pump in price of Bitcoin continue to exist, we are still buying at a dip even for an investor who is only practicing the DCA method.

Of course, no one is really going to know what BTC price dynamics are going to be into the future, but if we look at the context of the BTC price when this thread had been started, we will see that there was almost a whole year of downward BTC price movements (in the whole of 2018), yet starting in the beginning of April 2019, the BTC price had moved up a lot, and actually the BTC price ended up moving up for three months from April to June in a pretty BIG move from $4,200 to $13,880.. so the thread was started during a very interesting time in bitcoin's history.

We can have a lot of differing views about our own bitcoin accumulation strategies and/or how we think about bitcoin, yet some of these ways of thinking will also change with the passage of time, so yeah, we are never going to go back to the earlier times of this thread, so my own personal consideration that there should be no reason to change the name (title) of the thread).. because the time has already passed and if the thread is no longer applicable and/or interesting with its original topic, then the thread might be due to retire.... even though it seems buy the dip and hodl is a kind of evergreen theme.. even if DCA is also another (and perhaps superior) variation.. but it does not matter, since the ideas can still be batted around, and in this thread, we will likely continue to talk about buying the dip and hodl and also lump sum versus DCA.. as long as members are continuing to participate in the thread.
Yeah you are right, changing the name now is not adding any meaningful thing to this thread and to us following this thread if it he thinks the thread is no longer applicable or interesting ending it should be the best thing to do, however from my own view I think this thread is still interesting and has been helping people especially we the newbies and so leaving the former topic is the best thing to do in other to keep it going.
We can't stop discussing the dip, DCA and lump sum strategy in this thread as long as this thread is concern and so removing that dip in the Topic will cause a lot of damage and our discussion won't be broad anymore the topic will now limit us which is very wrong at this time.
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Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Bitcoin, and HODL!
by
Amicablecrypto
on 25/06/2024, 00:01:06 UTC
⭐ Merited by JayJuanGee (1)
The only people who's probably very happy with the current Bitcoin price movement are the DCA buyers and Buy the DIP bidders, because they are currently getting more units in Bitcoin for the same amount of fiat that they will be using/have available.

 ¯\_(ツ)_/¯

If in doubt, then always zoom out. Sit on your hands/don't panic.
It would have been more better the topic is lift the way it was, the dip was something that needs it's part in this topic because it brings forth a lot of strategy of Bitcoin accumulation it was through the thread I decided to use the DCA strategy in my Bitcoin accumulation journey.
The former topic was much better for newbies in this forum to locate a thread that can give them more knowledge about the strategy that will be good for them and I believe this thread is the best for that job but challenge the name makes it now a one side discussion.
My opinion.