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Showing 20 of 183 results by Berry2d
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Board Speculation
Re: Buy the DIP, and HODL!
by
Berry2d
on 24/07/2025, 23:33:29 UTC
The reason why some people panic is not because they don't know the volatility nature of Bitcoin but rather the reason why most people panic is because of wrong investment approach, especially those who are Investing for short term, once they invest more than they are suppose to invest because of the feeling and hope that the price will go up and unfortunately the price start dipping they will surely panic because they have made a very big mistake and that is the reason why we should not invest for short term and should not also invest with what we can not afford to let go because it will make one to be monitoring the market which is a stress and waste of time.
You are right about what you said here,  just you have said already, the two things that makes a bitcoin investor panic anytime their is a dip in the market first is either that person is a newbie that knows nothing about bitcoin and it volatile nature or that person is investing what he cannot afford to lose, but if a newbie investor has knowledge about bitcoin and it volatile nature, and he is investing an amount he can afford to lose, he will definitely not panic anytime their is a dip in the market.
It shouldn't have been an investor in the first  place, because you are talking about a trader. How can you say the two things that can make an "investor panic".do investors panic? That statement alone has has completely ruined the explanation. because investors don't panic. This surely mean you are referring to a trader in replacement of an investor.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Berry2d
on 24/07/2025, 23:06:38 UTC

You need to get rid of the idea that you can get rich quickly by investing in Bitcoin. This is not a quick scheme for earning money. Investing in Bitcoin cannot guarantee you profit, but if you invest patiently, there is a great possibility of getting good returns. Bitcoin is the most volatile currency, and it is very natural for there to be a price correction at any time. If the price is slightly down at any time, do not panic, but if you can hold Bitcoin regularly, then it is definitely possible to get good returns. Moreover, it is more convenient for those who do DCA when it is down. In terms of investment, if you keep accumulating a part of your discretionary income in Bitcoin regularly, it will help you risk-free and stress-free investment and you will be able to keep a large part of Bitcoin in your possession in the long term.


You are right.I think next month we might see Bitcoin at 130,000 because we saw the new ATH this month. But we may expect that Bitcoin can reach 1 million after the next six or seven years  because seven years ago or on this day in 2018 Bitcoin was worth 7716 dollars but after seven years the price has reached 123,000. In words 7700 and where is 123,000. Did we ever think that Bitcoin would be worth this much? So let's think about what Bitcoin's price could be after the next seven years. This shows that Bitcoin has huge potential but need to be patient.
I think you should focus on accumulating Bitcoin Rather than speculating Bitcoin price in the next few years to come. No doubt that Bitcoin will be bullish in the up coming years, and even as we are anticipating on Bitcoin price, we should not  be overexcited about the future price of Bitcoin, because we may be disappointed when it turns it didn't work out the way we plan. judging from your speech, it took Bitcoin 7 years to move from $7716k to $123k maybe for that reason in the next seven years but will also increase by such that percentage. My friend Bitcoin is not calculated in such manner. Bitcoin doesn't have a straight forward movement, it is volatile which make it unpredictable. For Bitcoin to achieve $1m it will take longer time compeard yo its early days. It might take 20 30 or 40 years who knows but my main point is that we should not be over speculative about Bitcoin price but take advantage by taken a portion of it gradually gradually, and anything that comes out in the future will be good for us than speculating about Bitcoin future price.

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Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Berry2d
on 24/07/2025, 17:35:32 UTC
With the right financial plan, everyone can invest and become the owner of long-term wealth. Especially before investing in risky assets like Bitcoin, it is important to have mental preparation to face risks, time, analysis of financial conditions, and strategic knowledge of the market. Conscious planning and financial discipline should be taken very seriously before investing. However, although there is no guarantee of profit, patience and a long-term perspective will help to get real value.
Although you don't need any right financial plan to invest in bitcoin, if you deem it necessary to plan your finances before you can invest in bitcoin, it's your choice, and you are free to do what you want because you are responsible for your actions. As someone who's entering bitcoin investment with a long-term mindset, you don't need to gain knowledge of the market before you can invest in bitcoin because you aren't in for short-term profit. You need a steady income that guarantees you discretionary income, and you can start your bitcoin investment with the DCA strategy because, as a no coiner, you need to start accumulating bitcoin with the DCA strategy so that you will have the opportunity to accumulate bitcoin consistently and hold it for the long term, and during your investment journey, you can now learn about bitcoin to know the lapses in the financial sector that bitcoin plans to solve.
You have made a good point from the first paragraph of your Post, but the second part which bolded, I don't think you must have a steady Income to get discretion fund. Discretion fund can come from an occasional work maybe once in 2 months work or once in 4 months depending on your work discrpion. Because most times we might not have a steady source of income but we somehow get source of income occasionally. That is why we need to invest from discretion.And another thing is that a person who want to accumulate Bitcoin should know his work discription and when the source of income will be available so that he may know the type of investment that will suit his income. I have seen how you chose DCA strategy for a regular source of income, what if is a job that doesn't come often, will you have chosen DCA? DCA is best fit for people who often recieve an income daily, weekly or monthly. But tise who recieve income not often will prefer lump sum.
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Board Meta
Re: Is laszlo back?
by
Berry2d
on 23/07/2025, 03:05:32 UTC
There is nothing wrong If he wakes up from a long sleep of inactivenes. And there is no point red raging him without hearing from him. Atleast he should make some post and people will have some conversation with him to confirm his true identity. If it's a hacked account I guess his approach wil eventually tell who really he is. From hense he can be tagged, and warning will be given or distributed to the community to stay clear from him simply because it's n imposter/ scammer. But if he is who we think then we can oncover a lot useful information from him.
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Topic
Board Speculation
Merits 2 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Berry2d
on 22/07/2025, 05:48:16 UTC
⭐ Merited by Kelward (2)
Yes, I totally agree with you agreessive investment should not be done often because there is every possibility that you will run out of funds and once an Investor run out of funds it is going to be a very big problem. The only thing that should be carry out or done regularly or often is our DCA method while agreessive investment should be done once in awhile when we have saved up something big that will help us take advantage of the market. Anyone investor who doesn't understand this word investing agreessive might exceed their limit and one thing about investment is that once you exceed what you are suppose to..., you will see the consequences but a good investor can reduce the consequences by taking necessary actions.
Since we are using discretionary income to accumulate bitcoin, there's no problem if an investor decides to invest aggressively in bitcoin all the time because he is using the money that is not meant for his expenses to invest in bitcoin, and he can use his discretionary income the way that pleases him. Investing aggressively in bitcoin has been discussed so many times on this thread and on the buy the dip and hodl thread, but it seems a lot of members are still misunderstanding the concept of investing aggressively in bitcoin. Investing aggressively in Bitcoin isn't only when you use $200 or $500 to accumulate Bitcoin; as far as you are consistent in accumulating Bitcoin weekly or monthly with $5, you are investing aggressively in Bitcoin because that is your level of aggressiveness, and you aren't also overdoing it.
Many people don't understand aggressive investing. They may think that pouring in more money means aggressive investing, which in reality is not the case. But the reality is that an investor can be aggressive by controlling his risk, that means, if he invests all his discretionary income, it is an aggressive investment, but it is not risky. As a result, the investor will be able to grow his Bitcoin portfolio.
I think you are getting it wrong here, i.might not be in a good position to explain more better but how could you be saying
Pouring money is not aggressiveInvesting? And because he is able to grow his Bitcoin portfolio in the future that makes it not to be aggressive? I can say that from the little I have known from this thread a person should be able to controlled his or their financial management and risk taulerance, and this means that you can be aggressive without knowing simply because you are trying to build a reasonable Bitcoin portfolio. A lot has been said already by JJG here expecialy if you check his last conversation with stormisover, I wouldn't like to go for there but let me draw close to you his reply to stormisover and I learnt Alot from it. Check below to see his response


If we are talking about a choice that a guy can make in regards to how much of his discretionary income he dedicates to investing into bitcoin, then he makes such a choice about how much he would like to prioritize bitcoin over other ways that he could choose to spend his discretionary income.

He could invest up to 100% of his discretionary income into bitcoin, and likely anything above 70% or 80% could probably be characterized as aggressive.  The guy can choose to be aggressive or not.  I frequently suggest that guys should attempt to be as aggressive as they are able to in regards to bitcoin investment without over doing it, yet that still leaves them with the choice in regards to how much they believe is "as aggressive as they can be."  If they have a spouse or girlfriend that requires them to go out to eat once a week no matter what, then their spending money to be able to go out every week might not be something that they are able to cut in order to achieve other things that they would like to achieve in life. 

 
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Board Beginners & Help
Merits 14 from 1 user
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 21/07/2025, 12:03:23 UTC
⭐ Merited by NotATether (14)
Day: 14

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CHALLENGE COMPLETED
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Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 20/07/2025, 13:49:38 UTC
Day: 13

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Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Berry2d
on 20/07/2025, 01:13:45 UTC
⭐ Merited by JayJuanGee (1)
Snip
Discretionary income is not meant to be spent on things that are not meaningful; it is the money left over that needs to be spent wisely.
I don't think there is any law to state prohibits people from spending their discretion the way they like, in as much as discretion fund is often used for Bitcoin investment as we have been conversant with on this thread does not mean it can't be used for any other things. If a person decide to have some fun with his discretion fund, I think there is no problem and we cant see it as not spending it wisely because each an everyone has the right to spend their money on what pleases them. For instance I may decide to invest %80 of my discretion to Bitcoin and use %20 for fun and that does not make me a fool or making a financial mistake.

As a reasonable investor, it doesn't make sense to go clubbing when you can't afford it, and there are other tasks that are valuable to meet.
Just try to get the fact, going to the club as an investor does not mean you don't have other important things to do with money but just like they say all works without play make jack a dull boy. We should invest and also have time for fun. And yeah we need to be careful as an investor not to be carried away and spend above our budget.

As an investor, it is very important to have knowledge of money management, to know what you want, how much should be spent, and the amount of money that needs to go for investment. If you pursue a lifestyle that you cannot afford, you may end up being unable to make any investments.
First of all you need to know that discretion fund is the leftovers amount after your expenses, which means that you have marked out the important ones before you have your discretion. So now what are you planning again with you discretion fund? Because according to your explanation we are talking about discretion fund, and this fund don't need fotjer planning aside Bitcoin investment and any smaller task since the bigger taks has been accomplished.like I said earlier there is nothing wrong having fun and don't use because of investment and deprive yourself of having fun. Life without fun is meaningless. Don't forget that the money we are investing is to also have a better life thereafter but doesn't mean we can't enjoy a little at our youthful age while preparing for the later fun.
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Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 19/07/2025, 16:21:17 UTC
Day 12

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Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 18/07/2025, 14:43:25 UTC
Day 11

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Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 17/07/2025, 15:57:04 UTC
Day 10

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Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Berry2d
on 17/07/2025, 04:02:24 UTC
Though traders may make decent dollar profit, but can not be compeard to guys that invested in long or short period of time. Expecialy those that was lucky to have bought Bitcoin during it's bearish season and sell in bullrun. Let's say an investor who bought 1 Bitcoin last year when Bitcoin starting price was $44,161.95 or at  and sold this year at current price $123, the person would be making 2x profit of $88k compeard to a trader who might have been trading since the past one year.

You are giving an example of a trader even though you are calling him an investor becuase he held his trade for a year.

You are not helping with your attempt to call traders investors.

You might need to rethink your own ways of talking about these matters and/or even how you think about it.

Sure you can have short term and long term traders... .. but just beause someone is a long term trader, that does not turn him into an investor when he is merely getting in and out of bitcoin and even if he happen to make a 2x, 3x, 5x or even a greater profits, that does not convert him into an investor merely because his profits are greater.

I have gone through the whole reply and see that my statement was indirectly speaking about trader where as I thought am talking about investor. But from your statement I now realize that investor don't have an investment plans less than 4 years but 4 to 10 years above. No matter the profit made by a person in less than a year period can not be considered as investor even if Bitcoin  bullish  hit 3 to 4x or more. Thanks for the clarification at Jay.

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Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 16/07/2025, 13:17:43 UTC
Day: 9

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Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 15/07/2025, 17:24:48 UTC
Day 8

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Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Berry2d
on 15/07/2025, 05:33:11 UTC
⭐ Merited by Kelward (1)
[edited out]
Undermining their volatilities, bitcoin is Worth $122,000 today while gold is $3,000. So which really hold that attractive bond for reserve if we must talk about a store of value?

I am not sure why you would consider that unit value matters?

If we are comparing bitcoin and gold, we should be comparing market caps.
Not only comparing the market cap but the ounce to kg unit matter also. When comparing Bitcoin to gold in unit it should be 1kg to 1 Bitcoin atleast the price range can be considered and equated than measuring in ounce. Because 1 ounce of gold is equal to $3.349.64 as of today while 1kg of gold is equal to $107k.

Bitcoin has a market cap that is slightly more than $2 trillion and gold has a market cap that is nearly $20 trillion.  So in that regard, bitcoin has a price that is about 1/10 the price of gold.
Sure and it will take Bitcoin a very long time to compete with gold in that regard.

From my own perspective bitcoin is likely in the ballpark of 1,000x or more better than gold, so that means that bitcoin has likely a 10,000x more price appreciation in order to reach its fair market value relative to gold.
Yes and the both are being invested on at thesame time. Most people expecialy the uneducated one who are not technology inclined will prefer traditional system of investment which is Gold than Bitcoin and this is making the market a competitive one, even though Bitcoin has more advantage over Gold.

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Topic
Board Speculation
Merits 2 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Berry2d
on 15/07/2025, 04:51:38 UTC
⭐ Merited by Joeboy (2)
It seems to me that there is no reason for a bitcoin accumulator to panic sell if he already had developed and had been following various plans to manage his investment and to develop and practice strong cashflow management, so confidence comes from the reinforcement of ongoing actions, and yeah, when a guy is first building up his bitcoin holdings, it can take a whole hell of a lot of time - 1  or 2 cycles to get the bitcoin position up to a size that is meaningful within the guys income and position in life, and so we do not necessarily buy bitcoin with an intention of selling right away, especially if we might have an investment timeline that is 4-10 years or longer..

So maybe if the bitcoin accumulator will spend 6 years accumulating BTC, and then he might spend another1-2 years merely holding before transitioning into some kind of a sustainable withdrawal that might be price-based and/or time-based.  

I go over quite a few of my ideas related to sustainable withdrawal in my thread, and it seems that I have been a proponent of incremental sales of BTC rather than selling large chunks of the accumulated BTC at any given time - which I would consider large sales to be serving as a forum of trading rather than an investing approach to BTC portfolio management.   I dont' recommend trading bitcoin or even setting up a bitcoin portfolio up as something to get in and out of rather than setting it up to be 4-10 years or longer, and generally guys should not be selling their whole bitcoin portfolio in less than 10 years unless he has age and/or health related matters that contribute to such need to sell at a time that is less than 10 years.
I also think so. I do not support Bitcoin trading or holding for a short period of time. Without a long-term plan for Bitcoin, we cannot make real profits.

We can still make profits with short term plans, and many traders make decent dollar profits,.. they just sell higher than they bought.
I think that if we want to give a try to this, short term investment is even more preferable to trading. Though traders may make decent dollar profit, but can not be compeard to guys that invested in long or short period of time. Expecialy those that was lucky to have bought Bitcoin during it's bearish season and sell in bullrun. Let's say an investor who bought 1 Bitcoin last year when Bitcoin starting price was $44,161.95 or at  and sold this year at current price $123, the person would be making 2x profit of $88k compeard to a trader who might have been trading since the past one year. But even as that we can't still compear that profit margin from the future price. We should prioritize long term investment instead of short term because most guys can easily lose focus to adopt short term without considering that not all short term are profitable. Some short term might Al be bearish but bullish after the first circle.

Part of the difficulty is that it is quite difficult to find any traders who might have had been in a better position after a couple of cycles as compared with the bitcoiner who mostly accumulated and held his bitcoin during that same time frame.
Yes that is exactly what I am saying, trader buy the dip and sell the rips, and of course such amount in repetition will amount to nothing compeard to a HODLer wether short or long term.
Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Berry2d
on 14/07/2025, 16:18:35 UTC
Day: 7

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Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Berry2d
on 14/07/2025, 04:22:10 UTC
⭐ Merited by JayJuanGee (1)
Unfortunately, you can't predict the future. 2050? I think it could be much closer. Maybe we'll get one million bitcoins by 2030.

What he said is a general principle, and it's important to remember that the reason Bitcoin's price will continue to rise isn't due to developments or changes in the times. Rather, it's specifically due to supply and demand. Bitcoin's price increases because of high market demand, so don't associate it with something broad without understanding it.

Have you bought it? You should have done so during previous downturns.
Actually, we can't really tell anyone about the future, but we have to move forward with our future plans. People don't believe in breathing, so they can die at any time, so why don't they plan for the future? Of course, we should save thinking about the future. And for this, I think Bitcoin is good. Yes, I bought it and set a target, I will buy a little bit every month. I won't think about selling it. It would be good if it were in 2030, but it is not possible to say whether it will happen so soon, although the demand for Bitcoin is increasing day by day. So the price will also increase day by day, supply is low, demand is high, so it is natural for the price to increase.

It seems that the odds are pretty high that bitcoin will at least touch $1million and higher by 2030.  It might not stay above that price, and surely it could even end up touching $1 million by this year or next year.. It can be difficult to know with any level of confidence, which does not take away from the idea that guys likely need to be accumulating bitcoin at any price at least for a good 4 years or longer...and yeah, of course, guys have to judge for themselves what to do, and then to be the ones who experience the consequences of their actions (or their non-actions).

All these expectations about Bitcoin's price, according to you and others, are not wrong. However, I hope that confidence is based on sound personal fundamentals, financial preparedness, and careful decision-making, as we know fluctuations can sometimes be mentally challenging for a holder.
You don't always need to be financially prepared to invest into Bitcoin. All you need is to invest from your discretion fund, if you are waiting to be financially prepared or stable to invest, then you may never invest because if we don't creat opportunity to invest we may turn a no coiner because there are a lot of problem to settle and itay not occur to us that Bitcoin is important. But if we invest as little as we can, we may as well be doing other things while life keep going only to realize that we have acculated a sizable amount in due time.

Secondly Bitcoin price fluctuation does not affect Holders but only traders. You can not be a HODLer and thesame time be having the mindset of a trader except you are a trader.

Post
Topic
Board Nigeria (Naija)
Re: Importance of saving from your salary.
by
Berry2d
on 14/07/2025, 04:03:09 UTC
I brought this topic to encourage newbies and some old members that are working in some companies, to take advantage of their salaries to invest in cryptocurrency and other assets that are profitable.
First of all when you dey talk of investing into cryptocurrency, you need specific say na Bitcoin because not all cryptocurrency wey need to put money. Wettin you talk no bad atol, but wettin dey dere be say some people salary no even do them to survive for Naija, talk more of to invest. Person fit only invest when him salary dey enough to sustain him family and to also invest into Bitcoin. I myself when I been dey work for one company, I don reason to invest in to Bitcoin but the money no even dey enough to sustain me, but when I get better job wey I begin see small money naim I start to invest small small. When we dey talk of investment make we dey also consider our pocket.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Berry2d
on 14/07/2025, 03:45:49 UTC

Waiting for a dip before buying is never a good way to go about your Bitcoin accumulation wether you a veteran investor or not, because by doing so you may miss a whole lot of buying opportunities, if you have gotten to that over accumulation status and you feels like their is no need for consistent investment in Bitcoin, then it's ok, but if you haven't gotten up to that level of over accumulation stage, you have no reason to wait for the dip because you will be wasting valuable opportunities to add up to your stash that has been stagnant due to waiting, so in my own opinion, waiting for the dip before buying is never a good way for any Bitcoin Investor that hasn't gotten up to that over accumulation status.
Gold is available but Bitcoin is not available. The demand for things that are in low supply is high. That is why the demand for Bitcoin is increasing day by day.
I guess what you mean by gold is available but Bitcoin is not available is that gold is a physical asset while Bitcoin is a digital asset.  yes that's actually true and also the demand for Bitcoin is getting higher because it is limited in supply. That is why we should prioritize Bitcoin over Gold because Bitcoin has more advantage than gold.