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Showing 20 of 36 results by Dee_BlackdAddy
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Board Speculation
Re: Set up your accumulating plan for BTC.
by
Dee_BlackdAddy
on 12/02/2025, 13:43:39 UTC
you got things the wrong way round

accumulation plan = buying strategy
DCA = fixed amount frequently(monthly)

accumulation plan(strategy) can be many options. you choose the plan for you

DCA is just one option. there are others
sir I didn't say everybody must use DCA as there buying strategy, I just used it to site example if put in place we help your accumulating journey many have  used it and it  work for them and they are still using it till today.
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Topic
Board Speculation
Topic OP
Set up your accumulating plan for BTC.
by
Dee_BlackdAddy
on 12/02/2025, 12:52:16 UTC
 First of all what is accumulating plan? Accumulating plan enable investors to invest a fix amount of money on a regular basis,frequently monthly over a long term frame. Setting up your accumulating plan is one of the essential thing that has to be put in place, I Always tell  people around me who see future in BTC and strongly believe in it, to set up their accumulating plan frequently in other for them not be distracted towards their investment vision.
After setting up your accumulating plan get a buying strategy e.g, dollar cost average (DCA) putting this strategy to work will help your accumulating journey, provided stay focus and committed to your investment vision.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dee_BlackdAddy
on 12/02/2025, 10:15:03 UTC

I doubt that any of the things you mentioned need to be learned prior to getting started investing into bitcoin.  A person can start investing into bitcoin and figure out the various topics that you mentioned as they are investing, whether they start with $10 per week or some other amount that they consider as a reasonable way to get started, and so it seems to me that getting started is one of the main things, and  all you need to know is whether you have some discretionary income, like $10 and then you can get started and figure out the details as you go, and the more you learn, the more likely that you would be ready, willing and/or able to increase your weekly investment amount and/or to make any other adjustments based on ongoing learning.

This is quite understandable and considerd as the best advice perhaps Rome was not built in a day, a typical example of life reproduction stages can be a very good example, from fertilization process to an adult we can see that there is a necessity of one stage to occur before the others, getting started should be a priority when we have the disposable income available, and to crown it all the idea and concept of the DCA strategy should be taken advantage as an incentive towards the long term goals and objectives.
yes Rome was not build in a day, but It was not build with only one strategy just as you are concurring to what BITBAKKII is saying, same thing applies to BTC, accumulating large portion of BTC can't be possible with only one strategy, because with only one strategy you we surely be tempted to make a withdrawal when needs arise, to avoid this withdrawal when the needs arise you need other strategies like setting aside an emergency fund,because as a human being you have to feel the need of emergency,another strategy is  having other sources of income and businesses and many more strategies, that is the only way that you can avoid being tempted to a withdrawal when the arise.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dee_BlackdAddy
on 12/02/2025, 09:52:38 UTC
It appears that some investors may not really understand what it means to hit a state of overaccumulation or a fuck you status, some believe they’re ready to start withdrawing when they’ve stashed out a good amount of Bitcoin, which is absolutely false. If an investor is still seeking to get his hand on more bitcoin and still wish to accumulate more, then that’s a pretty good sign that they’re yet to hit a state of overaccumulation and therefore not a good time to start initiating a withdrawal because they’re still pretty much in an accumulation phase, which is a pretty wrong time to thingk about using or withdrawing their Bitcoin.

Yeah, many people often think that this overaccumulation state is when they’ve managed to accumulate a lot of Bitcoins, they mostly feel they’ve reached this stage before they actually do get there, so it’s good to remember that the take home from this is that, when an investor still feel the desire to accumulate more bitcoin, that’s a pretty good sign that they’re yet to reach that state.
I believe the over accumulation status has it's reference on your accumulation target, whether you've exceeded it or week within it.
Let's take for example, someone with a target of accumulating 15BTC, ends up getting 20BTC before their holding period terminated. Such a person is now in his over accumulation phase.

Now considering the fact that the person desires to have even more BTC to his portfolio and resets his accumulation target to 30BTC, then such a person switches from being in over accumulation stage to being in an ongoing accumulation process and should abide by the principles of consistent, committed and aggressive purchases until he reaches his new target, possibly surpasses it and returns to an over accumulation stage again.

I think setting a target of reaching a particular amount when accumulating Bitcoin is okay however to avoid being tempted to withdraw when you reach that account so quick is better we set a target of accumulating and holding for a particular year maybe 5 to 10 years or even more will be better, the reason why I'm saying these is because what determine how successful you may be in your Bitcoin investment journey is not the reaching a particular amount but holding and waiting till Bitcoin breaks a great price record.
setting a target of a particular amount to reach when accumulating BTC is not okay, only an investor without a vision of investment can do that, an investor who is committed and know what he or she is doing we never set aside a particular amount he or she will reach when accumulated BTC.
That why there is something call discretionary income, this is the income you we use for your investment.
And Also know that emergency fund is needed for the smooth running of your investment, to enable you buy your BTC and hold for long term.

I think you are confusing your self because I don't see any connection with your first paragraph and your second.
Yes I said setting a target of reaching a particular BTC amount is okay and I also said however to avoid being tempted to withdraw when you reach that account so quick is better we set a target of accumulating and holding for a particular year maybe 5 to 10 years or even more will be better.
Dee_BlackdAddy you can't say setting a target of reaching a particular BTC amount is totally a wrong strategy because one can set a BTC amount target that can even take more than 10 or 20 years to achieve so In a case like this how is it a wrong strategy, when Bitcoin was $1k there may be investors who set a target of accumulating and holding till Bitcoin hits $100k if any investors back then did this I don't see anything wrong with that.
Bitbakkii I never said setting tag of a particular amount for accumulating  BTC is totally wrong strategy don't quote me wrong and said is not OK, why because  that's not the only strategy that has to be put in place in other for you to hold your BTC for  long term just as you said 10 to 20 years, there are still other strategies like setting aside an emergency fund, having other sources of income, knowing discretionary income and putting it to use is also another strategy and many more.
So bitnakki I'm not condemning nor saying that your strategy is wrong I'm only adding to it, but if you see it as condemning your strategy it's very wrong.
Post
Topic
Board Economics
Re: Every successful person had a mentor
by
Dee_BlackdAddy
on 12/02/2025, 09:34:24 UTC
To be Successful is not by having a mentor that we mentor you, is not even by having a role model you wish to be.you might be exposed and have opportunities it can't still guarantee you success.
What can guarantee you success is your mindset, your thinking faculty, your decision making process, your ability to take action and act at the right time, going for the right and quality informations all this things put together and many more we guarantee you success.
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Topic
Board Nigeria (Naija)
Re: Before you invest in crypto know the risk.
by
Dee_BlackdAddy
on 12/02/2025, 09:05:43 UTC
Wetting you talk now truth at least before person go invest for something the person need know the risk so that him go fit know weather ehh go fit take the risk or manage the risk for the investment.
As for BTC now very volatile investment wey go fit give you high return, but ehh get risk wey you go fit handle if only you invest only what you can afford to lose.
 and me so tell anyone wey won come into crypto to invest in BTC Now the coin wey legit pass be that every other coin for there now shitcoin nothing good fit come out from them.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dee_BlackdAddy
on 12/02/2025, 08:39:45 UTC
It appears that some investors may not really understand what it means to hit a state of overaccumulation or a fuck you status, some believe they’re ready to start withdrawing when they’ve stashed out a good amount of Bitcoin, which is absolutely false. If an investor is still seeking to get his hand on more bitcoin and still wish to accumulate more, then that’s a pretty good sign that they’re yet to hit a state of overaccumulation and therefore not a good time to start initiating a withdrawal because they’re still pretty much in an accumulation phase, which is a pretty wrong time to thingk about using or withdrawing their Bitcoin.

Yeah, many people often think that this overaccumulation state is when they’ve managed to accumulate a lot of Bitcoins, they mostly feel they’ve reached this stage before they actually do get there, so it’s good to remember that the take home from this is that, when an investor still feel the desire to accumulate more bitcoin, that’s a pretty good sign that they’re yet to reach that state.
I believe the over accumulation status has it's reference on your accumulation target, whether you've exceeded it or week within it.
Let's take for example, someone with a target of accumulating 15BTC, ends up getting 20BTC before their holding period terminated. Such a person is now in his over accumulation phase.

Now considering the fact that the person desires to have even more BTC to his portfolio and resets his accumulation target to 30BTC, then such a person switches from being in over accumulation stage to being in an ongoing accumulation process and should abide by the principles of consistent, committed and aggressive purchases until he reaches his new target, possibly surpasses it and returns to an over accumulation stage again.

I think setting a target of reaching a particular amount when accumulating Bitcoin is okay however to avoid being tempted to withdraw when you reach that account so quick is better we set a target of accumulating and holding for a particular year maybe 5 to 10 years or even more will be better, the reason why I'm saying these is because what determine how successful you may be in your Bitcoin investment journey is not the reaching a particular amount but holding and waiting till Bitcoin breaks a great price record.
setting a target of a particular amount to reach when accumulating BTC is not okay, only an investor without a vision of investment can do that, an investor who is committed and know what he or she is doing we never set aside a particular amount he or she will reach when accumulated BTC.
That why there is something call discretionary income, this is the income you we use for your investment.
And Also know that emergency fund is needed for the smooth running of your investment, to enable you buy your BTC and hold for long term.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dee_BlackdAddy
on 12/02/2025, 08:12:39 UTC
You should never ignore emergency fund in your investment management every investors should know this by now that emergency fund is very essential for an investor to set aside.
Emergency fund is also an important for life management, as an investor you should feel the need of emergency fund as human being that you are.
emergency fund is not only for common person, even investors who owns billions and millions also need an emergency fund for the smooth running of there investment.
Post
Topic
Board Mining
Re: Where do large mining companies send old ASICs?
by
Dee_BlackdAddy
on 12/02/2025, 06:06:42 UTC
Large mining companies do not really dispose their old ASIC's rather they sell them through advertising on telegram channels and other platforms.
Post
Topic
Board Mining
Re: Renting hashrate
by
Dee_BlackdAddy
on 12/02/2025, 05:53:40 UTC
Is there a marketplace for buying and selling hashrate other than NiceHash? I'm looking for one that completes all three:

  • It is no-KYC.
  • I can buy hashrate and point it to a ckpool address.
  • I can pay them with cryptocurrency.

I have found miningrigrentals(.)com, but I'm not sure if it is legit. It exists since 2014, so I suppose it is legit.
There are still other marketplace where you can buy and sell your hashrate like hashflare.net and  others but they are not really legit and reliable like Nicehash, Nicehash has always being reliable and legit to buy and sell your hashrate.
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Topic
Board Mining
Topic OP
Can you mime your BTC on your smart phone?
by
Dee_BlackdAddy
on 11/02/2025, 23:08:10 UTC
I have thought about this before when I newly came into the crypto market, if someone can mine there BTC using their smart phone.
After reaching out to cryptocurrency miners and i also carry out my own research about it, I came to understand that you can mine your BTC using your smart phone, but it's not practical base on it negative effects.
Mining your BTC on your smart phone we significantly impact to your phone battery life and energy consumption, and it we earn no rewards due to low processing power of the device, and can also damage your device and many more.
Please I we really be grateful if the miners here we troll more light on what I just said for more clarity.
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Topic
Board Speculation
Re: Don't wait to invest.
by
Dee_BlackdAddy
on 11/02/2025, 19:29:51 UTC
If you have not yet started investing in BTC I don't really know what you are waiting for, there is a probability that BTC price mighty hit $200k this year or early next year.
I'm advising everyone kick start now start taking action, move your investment to another level now that you have the chance to avoid regretting in the future when others we be busy cashing out heavy in the future to come.
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Topic
Board Speculation
Re: Is buying bitcoin too late?
by
Dee_BlackdAddy
on 11/02/2025, 18:52:16 UTC
No time is too late to buy BTC provided you what you are doing in the crypto market.
Cryptocurrency is growing worldwide now that is to tell you that both companies and individuals are still buying heavy and holding them for long term.
Just stay focus,be informed follow up the market flow and keep buying BTC believe in the future and stay committed to your long term vision.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dee_BlackdAddy
on 11/02/2025, 16:21:41 UTC
This time,is the time  to accumulate BTC and build your investment goal using any the strategy that suitable for you to buy and hold for long term and not trading out your investment in short term,here we are talking about the future,long term investment is our future and BTC can give us that future.
Anyone who is trading his or her BTC is making a very big mistake,BTC is to be accumulate for long term for those who true believe, in other for them to make a hugde profit in the future.
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Topic
Board Bitcoin Discussion
Topic OP
Why is BTC going down.
by
Dee_BlackdAddy
on 11/02/2025, 15:02:50 UTC
Well to me BTC is a high volatile asset,that can fluctuate in price over a short period of time, and there are also some reasonable factors that contribute to the drive of BTC price,such as regulatory concern,public attention macroeconomic condition and others.so my advice to all investors,is stay focus on your vision,hold your ground and stay committed BTC has done it in previous years and it we still do it again in this year 2025 just believe.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is difficult to understand
by
Dee_BlackdAddy
on 11/02/2025, 13:45:40 UTC
Bitcoin can be difficult to understand base on the level of understanding of the person,the level of understanding of a person define how Bitcoin can difficult for he/she to understand,but sincerely speaking I don't see bitcoin as a difficult thing to understand,just know when to buy and when to sell,and also chose a reliable and an established exchange for your bitcoin investment.
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Topic
Board Nigeria (Naija)
Re: How to explain bitcoin investment to someone.
by
Dee_BlackdAddy
on 11/02/2025, 13:00:45 UTC
It's not really idea to do all these to people except you'll be getting some commissions as well as referral bonus from there investment, me personally won't waste my time telling people to invest in Bitcoin for free.

If someone has more interest to cryptocurrency space and the technology fueling it, then the user can go extreme to do a lot of research on his own without you preaching to him.

Crypto is already transparent so it's there for everyone to take part, plug in and create something out of your own imagination.
I created this thread, because of  the feedback I got from someone today,he said a friend of his was advising him to invest in BTC that he we get high return and I said yes that's correct,and he answered saying just like that, is there no other things I should know about BTC,like how it works,how came about it,countries that have adopted it and many more,so after listening to all he said I came to understand that for the fact many people are not into investment they still have knowledge about it,and they have questions to ask which have to  be answered.
I believe you now see reason why I came up with this thread for us to  try and give more clarity when telling someone about investing in BTC.
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Topic
Board Nigeria (Naija)
Topic OP
How to explain bitcoin investment to someone.
by
Dee_BlackdAddy
on 11/02/2025, 11:30:07 UTC
I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.
To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.
Further more tell them how bitcoin work,how secured it is,bitcoin store of value,it network and many more,tell them that bitcoin can be use as an alternative to fiat currencies or as an investment that you can buy through crypto exchanges,tell them it provides service like peer-to-peer transfers on a digital network that records and secure all transactions,the network use a blockchain  an open source program that chain transaction histories to prevent manipulation.
With all this explanation I believe that the person we be convince and we be willing to give it a try.
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Topic
Board Bitcoin Discussion
Re: Who says it's too late to buy Bitcoin?
by
Dee_BlackdAddy
on 11/02/2025, 10:19:02 UTC
It's not late to buy bitcoin,anytime can be OK to buy, because the market is unpredictable, in an tinkle of an ear wonders fit happen for the market,your own is just buy BTC when it is suitable for you to buy and hold with focus and commitment.
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Topic
Board Nigeria (Naija)
Re: Long-Term Investment.
by
Dee_BlackdAddy
on 11/02/2025, 10:08:20 UTC
OP me go advice any investor wey dey invest in BTC to dey commited,DCA now the coco wey go favour both newbie and experience investors wey dey into BTC if only them go fit control there emotions for the long term investment,make them try get another reliable source of income and emergency fund wey go help control there emotions towards there long term vision.