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Showing 20 of 906 results by Derekfunds
I was thinking that Liverpool will have serious issues this year due to the death od Jota but seeing how they started the season, i will not remove them from the list of the team that will likely win the league trophy this year. Beating Bournemouth is not an easy task yet they did it and what they played Newcastle is a confirmation of their readiness to challenge any team and prevail. Although luck played a role in their victory against Newcastle because that match ought to be a draw.
I do not know why Liverpool performed so poorly against Newcastle. We saw that in the first match they played quite well against Bournemouth. We saw some weakness in defense. Even then, Liverpool won 4- 2. Perhaps because it was an away match, Liverpool players were not confident. Now we are all waiting for liverpool's next match. Both Arsenal and Liverpool are fighting for the title this season. The team that loses this match will fall a little behind in the title race. Although there is still a long journey left. Still, this match is very important for both.
The game yesterday was a narrow escape for Liverpool even after leading with 2 goals, this means Liverpool form is deteriorating and it is best time they bring themselves together and work on the problem else it will really affect them imagine it was a club like Chelsea or arsenal they played, it means it would have ended draw if at all it will..., the fact that Newcastle used red card to equalize 2 goals against Liverpool is still unbelievable and I was thinking if they were complete in that second half what would happen, if they can equalize with short one. I want to believe it is because league just started and some team hasn't wake up as usual.
In gambling in general and in sports betting in particular, bankroll ma Bankroll management is not a strategy. Bankroll management only helps you not to lose your bankroll immediately.
this is the definition of the word strategy:a plan of action or policy designed to achieve a major or overall aim.
what's your aim? to play as much as you can without having to spend too much money and we can do that if we manage to make a plan that will make our bankroll last as much as possible hence why managing your bankroll is a strategy maybe not to win but just to keep playing
Anyone who don't want to spend too much money in gambling will have to be super conscious and it will make a gambler to be very careful and sometimes they will play a game that won't even give them back up to 10% return of what they use in staking. I have a friend who always do this and wins most of the time but the funny part is that what he is winning is almost same thing as nothing because of the return and I see it as irritating because I can not do that even if I want my bankroll to be active and not got finished.
I think Abaeze is misunderstanding the entire strategy of investment. I was expecting you to explain the various Bitcoin strategy because many folks believe DCA is the only successful and effective strategy. It seems they do not know why many practice that strategy. There is buying on dips, lump sum, dca and so many others. But its preferable to use DCA as a pleb so you can manage your investment and other part of you life without getting hooked. On the other hand, people who are rich use lump sum to buy. Which I will prefer if I have that kind of money.
The DCA is talked about mostly so newbies won't be mislead into starting their accumulation journey with buying during the dip and Lump sum moreover when you're doing the DCA you'll still get opportunity to buy the dip since you'll encounter several dips while on it along the way, well it's not a bad idea like you said to explain other strategies as well so newbies would understand what they're all about and which to prioritise more on. One good thing about the DCA is that it's for everyone not only specifically for a particular class of investors and remember that not all newbies are rich enough to do the lump sum some were even waiting till they had more money that's why they didn't start earlier.That's right, though anyone can choose the type of strategy they love or better still the one that makes them feel comfortable doing. There are disciplined buy the dip accumulators who continually buys the dip once in a month or as it suits them. But one of the reason I prefer DCA over buy the dip is, the fact that with DCA you can actually buy at any price range and sometimes the price most people consider too high to buy bitcoin could in turn become one of the dip prices in the next few month. Since we can't always tell we're the proce is headed especially on small time frames, then we just have to buy not considering price.
What is important is that you’re able to buy and invest in bitcoin and hodl for the long term goal without panicking to sell whenever you notice a little downturn in the market. Bitcoin investment is a long term investment and for you to be able to attain some level of success you must approach it with a long term vision of consistently accumulation of bitcoin and hodl and that’s why some people prefers using the DCA strategy in accumulating bitcoin so it’s easier for them to accumulate and hodl whenever they are able to figure out a discretionary income.
Is good to have a long term vision and accumulating consistently but it is not just about these because it is possible to be accumulating consistently with the long term goal and yet one doesn't have a good back up funds and emergency funds that can take care of unforseen circumstances because there will always be a circumstance or circumstances because Bitcoin investment is not all rosey, there are always trial time and this defines who is a real investor and who is not and a real investor will always overcome because they always prepare ahead of time and are always ready for anything.
it is also better to choose DCA strategy, because if someone buys Bitcoin with a lump sum, then later if the price of Bitcoin decreases a little, he may regret it, so DCA strategy should be chosen to buy at an average price.
I think the idea of lump summing is basically dependent on the level of income of the individual or investor. And yes, If you have the income to lump sum I don’t think the idea is wrong to accumulate bitcoin and hodl. The DCA strategy is good, and so is lump sum. The idea is to buy and hodl for a long term goal and sometimes you feel like to buy in bulk and keep rather then buying little by little on weekly or monthly basis due to the fear that if the money gets to remain with you, you might use it for other things that are not really worth it so it’s better you use that money to lump sum and hold. Getting emotional about the market is most common among traders, weather they are DCAing or lump summing.
While am trying to understand everything you are saying, I think there is a reason while discretionary income discussion is all over the place and if the true meaning is what we are all looking out for in Bitcoin investment then there is no additional risks or any mental instability by investing in Bitcoin through the Lump sum because both the lump sum money and the dca must come from a discretionary income. Having Bitcoin and increase size of your Bitcoin and to hold for long should be the must concern and not even the strategies, more than 90 percent population can not afford to buy Bitcoin in the lump sum way so the dca strategy is still important for the over population.
Well I doubt if there is anything like additional risk in Bitcoin investment but all I can say is that there is no investment that is risk free and the only time we can talk about additional risk is if we invest wrongly that is using what we can not afford to let go or using money outside our discretionary income to invest in Bitcoin. Off course lump sum money always comes from our discretionary but it is not used like that of DCA own, lump sum money are been saved up or accumulated for some period of time and whenever an investor feels okay to buy, then they initiate that immediately but i guess is mostly done during the Dip and it will be more convenient then.
I think it is wrong to say that long term holders are always looking for ways to quickly enrich there portfolio. It is mostly those with short term motive , that is those that wants to make quick profit that thinks they can be able to enrich there portfolio within a short time and then cash out or start taking profit from there investment.
Long term holders understand the importance of consistency as regards building a better portfolio in bitcoin. Trying to enrich one portfolio quickly is majorly the behaviour or attributes of short term holders or traders
OMG… do you really mean what you’re saying here? Maybe because of the phrase “quickly enrich your portfolio” you’re getting the whole idea wrong. I’m shocked at your understanding of that considering how long you’ve been here. He’s simply saying being aggressive is what long term holders look out for. You wouldn’t say in your journey of accumulation you’ve never wanted to increase your portfolio as quickly as possible, this is what most of us wants but we’re being hindered by our levels of discretionary income, being aggressive is the fastest way to reach our accumulation goals, surely you can’t be encouraging buying whimply.Long term holders understand the importance of consistency as regards building a better portfolio in bitcoin. Trying to enrich one portfolio quickly is majorly the behaviour or attributes of short term holders or traders
Being content with your limited resources and continuing to strive means that you are a brave person. Being content with yourself will create a mindset of further improvement in you. You have a source from which the amount of discretionary funds is very small but you have high morale to reach a higher position financially. Brave decisions will definitely make you more satisfied one day. In line with reality, I was very worried about my financial capacity even a few years ago because of the fear of closing the way of stable income due to the effect of inflation in the country. With the change of time there is a great opportunity to reach a financially comfortable position in the future by applying long term Bitcoin strategies and market analysis through the application of Bitcoin technical knowledge. Having a low source of income makes it easier for you to save energy because you want to gain more capacity by accumulating Bitcoin.
Being content is a good attribute to have in life but in an investment journey never settle for less until your investment goals are achieved, you have to keep improving and looking for ways to achieve your goals faster and easier. Being content is an attitude combined with discipline that will hinder you from overstepping your financial boundaries. You have to be ambitious as an investor, if you have low income and your discretionary is small surely you know your accumulation is very slow and wouldn’t expect huge returns so you have to quickly look for ways to improve your discretionary income in order to increase your accumulation process.Please don't use the word Crypto whenever you are describing anything concerning Bitcoin so that you don't mislead newbie because is not Crypto rather it is a digital asset and patient and consistency is needed in Bitcoin investment as an investor but patient and consistency is not needed in Crypto because those coins doesn't have potential as Bitcoin and some of them are scam project. Rushing to take profit is always as a result of wrong Investment and lack of management skill.
⭐ Merited by JayJuanGee (1)
For those who are still waiting for the bearish season to arrive before they can buy bitcoin, I think they should just count themselves out of the people that will buy bitcoin this season. Because a person who really wants to invest in the Bitcoins will not still be waiting for the bearish season to arrive, and they say the earlier is better. What if the bearish season later comes at the wrong moment? How can he do it? He will end up with regrets.
Whats the definition of bearish season? Five years from now, may be we will call this price of 115k as bearish just like we now call price of 10k back in 2019 as bearish. I think there is no formal definition of bearish price or season as we are not sure whether current price is the bottom or price will go further down from here. Those who don't have good amount of Bitcoin must continue to accumulate bitcoin for five years or more and they must not pay attention to voices of bearish season and it's too late to buy Bitcoin.
If you wait for Bitcoin to fall, you may regret it in the future, because the price of Bitcoin, which is a challenge to determine, is cheaper today than in the future because the demand for Bitcoin which has increased greatly at present and will increase many times in the future and the price of Bitcoin will increase greatly, but although there is no guarantee of this but the future of Bitcoin is bright, when to enter or exit the market for investment frees you from this kind of challenge when using the DCA strategy, the DCA strategy will be the best for you to grow your wealth,
In bearish season, this is when supply is greater than demand because of reduction in market price investors tends to be scared and have less confidence in market price, and these is where traders rush to buy more in other to make their profit in any little increase in price that is during the bullish season, since they are known to be a short term holder,also long term investment sees these as an opportunity to accumulate more for those that have extra fund on them to front load their portfolio in other to reach their stipulated target on time using DCA, which also gives an investor reason of not timing the market and avoid the risk of single cost price. DCA helps an investor to systematically purchases a fixed amount of an asset, at regular intervals regardless of price either in the bearish or bullish season.
Don't contradict this word short term traders because they are typically traders and JJG has made it clear before so instead of using the word short term just called them traders instead before newbie will think there is such category of people in Bitcoin. Holding for long is the best way and will always be the... as long as Bitcoin Investment is concerned. Anyone who take his profit or sell when Bitcoin drop due to fear can never be called an investor because real investor doesn't get drive by market Dip and selling when market dip could mean, lack of Bitcoin knowledge, lack of trust or maybe that person used what he can not afford that is investing with money outside their discretionary etc.
That should be true, but I think some investors who intend to hold Bitcoin in the long term also often look at Bitcoin price movements to be able to enter at the lowest price to get the best price so they can accumulate more Bitcoin and I think that's not wrong even though an investor also uses the DCA strategy to accumulate Bitcoin, but sometimes when the price correction is very deep, someone will change the strategy so that they can be more profitable by buying Bitcoin in larger quantities than usual.
Those who want to hold Bitcoin for the long term never look at the price. They always look at how quickly they can enrich their Bitcoin portfolio. Because they always think that the price of Bitcoin today may not be the same tomorrow. They never calculate daily profit/loss, weekly profit/loss or monthly profit/loss in this way. Their goal is long-term. They think about where they want to be in Bitcoin after 10 years, 15 years or 20 years. Today the price of Bitcoin is $115,000, if tomorrow this price drops to $100,000, then they never regret their previous purchase, but rather they choose this as a buying opportunity because the price is currently falling and they buy as aggressively as possible and increase their Bitcoin portfolio. Because they have confidence in Bitcoin, they have understood that no matter what the price of Bitcoin is today, in the long term, i.e. after 10 years, 15 years or 20 years, its price will be several times higher than its current value.Therefore, investors who are confident in Bitcoin, i.e. Bitcoin real investors, never look at the price of Bitcoin, but when they have a reasonable income to invest in Bitcoin, they invest in Bitcoin with it. And if the price drops, they take it as an opportunity to buy, if possible, and if they have a separate fund to buy aggressively, they invest at that moment.
Long term holders understand the importance of consistency as regards building a better portfolio in bitcoin. Trying to enrich one portfolio quickly is majorly the behaviour or attributes of short term holders or traders
Long term holders still care about price action not because they are trying to time the market perfectly, but because smarter entries mean stronger positions . even with a DCA strategy, it makes sense to adapt when there is a major dip. if the the fundamental have not changed and the conviction is still there buying more during deep correction an be very strategic move
What do you mean when you said long term holders still care about price action? A real Bitcoin holder ( long term Investor) doesn't give a fuck about market variation because they understands already that those are temporary. There is nothing like smarter entries when it comes to Bitcoin investment and perhaps people that are suppose to use the word smarter entries are traders because they are the people that monitor, analyze and look for a point they will buy so that they will get profit knowing that what they feel about the market is not certain and most times they make loss.
⭐ Merited by JayJuanGee (1)
What amount do you classify as much capital. To start your investment you dont need an actual amount to start it, all you need is a stable job, an income, and a discretionary income from your actual income. With time you can have more passive income to increase the percentage of your discretionary income you do invest with, that is if you are using the dca strategy. However, most rich people prefer to lump sum, since they do not want to hesitate in having a good amount in their portfolio
You don't need a stable job to invest. You need a source of discretionary income to invest. There are many people whose source of income is not stable. You need to find discretionary income from your source of income.
There are many people who invest but they don't have a stable source of income. For example, when a contractor takes a job, you don't get paid until the work is completed. There are many types of jobs where you don't get paid until the work is completed. If they want, they can find discretionary income and invest through proper financial management.
What did you mean by Investing the total investment amount at once? Anyone amount or money that is within your discretionary, even if you invest it at once there's nothing wrong the only time something will be wrong is if you used all your discretionary and went to touch money that is meant for other things, it means you are really joking with your investment especially when you don't have something that can cover up what you collected immediately. You can invest as you like, as long as it is within your discretionary but as a no coiner or low coiner you should have limitations.
We are seeing Bitcoin’s price bottom at a level that would have been an all time high 2 months ago. That is bullish.
Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.
Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.
The DCA method for me is the most subtle method to accumulate bitcoin no matter the price. If an individual decides to lump sum then is basically dependent on his level of income, but for the DCA method it’s not dependent on any category, both the high and low income earners seeking a long term strategy of continuous and consistently accumulation of bitcoin and hodl, are most certainly and likely dependent to go by this method to accumulate and hodl. The DCA allows you the most stability and consistency in the market which for me you don’t depend on the price of bitcoin before you accumulate. I don’t also see any reason stopping DCA.
, but in reality it is actually 100% true.. Every ATH will surely be a dip sometime in the future, no matter how big the hype feels at that moment.. The market always has a way of proofing itself, and what looks like the very top today usually turns into a stepping stone later on.. It is just the natural way of Bitcoin price now...First of all we should have this at the back of our mind that there is nothing like perfect Dip in Bitcoin generally, a Dip can only be considered perfect for an investor that has been accumulating and at same time preparing for the Dip to front load and so when this investor sees this opportunity, he can call it a perfect Dip mind you it is just for him because he has been preparing for it and someone who didn't prepare can not call it a perfect Dip that is why generally there is nothing like perfect Dip. And it is wise to be accumulating and preparing for the Dip instead of not accumulating at all and be waiting for Dip because the truth is you can never find a perfect Dip if you are not accumulating.
If a person invests in Bitcoin according to the DCA method, he will definitely be the most self-sufficient and will be able to hold it for a long time, so he will not have to worry about his Bitcoin investment and later he will definitely continue to get huge benefits in proportion to the savings made on the purchase price.
Your statement that investing through the DCA is a guarantee that the investor will hold for long is a little incomplete and it is good to set the record straight. The DCA method may encourage someone to think long term since the investment is not made under pressure but what will help an investor to actually hold for long is to invest with only discretionary income and to set up emergency funds. While we are encouraging people to adopt the DCA method, we should also add that investing within the discretionary income and setting up emergency fund are important practice that will guarantee that the investment is protect and not sold off under pressures. This is just one simple addition I needed to add to make your comment complete. Bitcoin investment should be done this way and try to make them more meaningful as far as possible. Maybe you invested $ 30 in Bitcoin this week and think about making $ 30 to $ 35 later. In this case, abandon your waste and neglected expenses because you learn to use your money in the right place. If you can invest in Bitcoin with such thinking, it is possible to go further, because the DCA method of investment only helps the investor to use the money properly, the DCA method has many advantages but we never think about it with our proper knowledge.
In the future, only those Bitcoin investors who follow the DCA method and hold Bitcoin for a long time will be successful. However, willpower is the most important thing, that's why I agree with you that if you want to invest in Bitcoin, you should do it this way.
Then the investor will definitely be successful, the strategies are enough to make Bitcoin investment successful and you have to patiently continue to buy Bitcoin for a long time. And you have to take all kinds of steps to keep it for a long time.
I disagree with you, not only investor that accumulate using the DCA method will be successful in the future rather any method or stretagy one use to invest in Bitcoin and been carried out well then that investor will be successful in the future so not only DCA investors will be successful in the future. It is possible for someone to hold for long term and still not have a good return so it's not just about holding for long term rather it is about accumulating regularly that is growing your portfolio because the bigger your portfolio gets the more profitable one will be in the future.
Re: Everything you wanted to know about Bitcoin Strategic Reserve
https://x.com/BTCTN/status/1958895309695672771?t=xCs7xXjSTO0Oc2aTcStbgA&s=19
Immediately Fed Chair Powell talks about shifting balance risks and in less than no time the price of Bitcoin move back to $115k, sometimes I wonder how this work exactly because sometimes when they speak about this market you will see coin dropping and there are also time they will talk about the market you will see the market going up but either way, this should not be our problem rather our problem should be channel on how to grow our portfolio.
And this is the reason why it is not advisable to trade Bitcoin because things like this will always frustrate traders because they won't know what will be the market condition in the next minute.
Now I know the Government really has power to influence the market, you can imagine the price of Bitcoin 4-5 hours ago and where it is now $116k
Immediately Fed Chair Powell talks about shifting balance risks and in less than no time the price of Bitcoin move back to $115k, sometimes I wonder how this work exactly because sometimes when they speak about this market you will see coin dropping and there are also time they will talk about the market you will see the market going up but either way, this should not be our problem rather our problem should be channel on how to grow our portfolio.
And this is the reason why it is not advisable to trade Bitcoin because things like this will always frustrate traders because they won't know what will be the market condition in the next minute.
Now I know the Government really has power to influence the market, you can imagine the price of Bitcoin 4-5 hours ago and where it is now $116k
We are seeing Bitcoin’s price bottom at a level that would have been an all time high 2 months ago. That is bullish.
Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.
Bitcoin isn’t ready to top for this cycle yet, but it’s possible it has. I think it is still a market to buy though. The value is getting high to be taking on big new positions, but I don’t see any reason to stop DCA’ing.
The DCA method for me is the most subtle method to accumulate bitcoin no matter the price. If an individual decides to lump sum then is basically dependent on his level of income, but for the DCA method it’s not dependent on any category, both the high and low income earners seeking a long term strategy of continuous and consistently accumulation of bitcoin and hodl, are most certainly and likely dependent to go by this method to accumulate and hodl. The DCA allows you the most stability and consistency in the market which for me you don’t depend on the price of bitcoin before you accumulate. I don’t also see any reason stopping DCA.
, but in reality it is actually 100% true.. Every ATH will surely be a dip sometime in the future, no matter how big the hype feels at that moment.. The market always has a way of proofing itself, and what looks like the very top today usually turns into a stepping stone later on.. It is just the natural way of Bitcoin price now...The interesting part is how people react to it. Some get scared and think the dip is the end, while others understand it is simply part of the journey.. A dip after ATH does not mean failure, it is more like the Bitcoin catching its breath.. In fact, without those dips, how would you expect enough strength to push for new highs.?. And is the people that sees this as an opportunity instead of a threat that usually ends up ahead..
For me now, TBH, I do not really celebrate some of these ATHs too much, because honestly they come and go like normal phases in Bitcoin.. The key prices I will be celebrating are when we are talking about serious price like $200k to $1m haha
, that is the kind of level that will change the whole conversation around Bitcoin and even the financial sector at large. I have got my eyes on those prices lol, until then every other ATH in between just feels like checkpoints on a long road trip... i am not saying it is bad to acknowledge them, it is just how i see it.. In all my point is the dip is not the opposite of ATH, it is actually the partner that makes the next ATH possible...Another way to look at it is that dips after ATHs serve as price memory. Once Bitcoin has touched a certain level, even if it falls, that price gets written into history and becomes a reference point for future rallies. For example, when Bitcoin broke $20k in 2020 after rejecting it in 2017, that memory made it a strong support instead of just a random number. The same will happen with every new ATH going forward.
So instead of seeing ATH and dip as opposite ends, I see them as stages in Bitcoin’s process of building trust in the market. ATHs expand the imagination of what’s possible, and dips test conviction to filter who really understands the asset. That is the deeper game behind the numbers.
You are making some points though but that is not really the case in Bitcoin investment, we all know Bitcoin is a volatile asset which means that it has the tendency to rise and also the tendency to fall and this ability to rise and fall doesn't have a limit ( that is a certain level it will rise to or drop in a given point). So if we know and understand this, there won't be need to be talking about conviction and trust because initially we already know all these but it will be wise for us to always stick to what we believe and the target we have.
Re: Discretionary Income vs Emergency Funds: Why It Matters for Bitcoin Investing
I still disagree, people who can control their finances, do not need emergency fund as extra buffer zone. If you know what you are doing, then you should be able to save what you do not need. "Emergency" is just not calculating it very well. I believe we do not need another fund, just put it on bitcoin and if you ever need it then if it's under, then it should be in USDT, if it's over then you are profiting.
There is no need for it, so a good investor won't make a loss and you wouldn't need anything else. I understand people may not agree with me, I have seen them not agree with me, and it has been pages, but I just do not see the benefit of it. The only claim so far has been "what if something unexpected happens", well that is what investment is for.
There is no need for it, so a good investor won't make a loss and you wouldn't need anything else. I understand people may not agree with me, I have seen them not agree with me, and it has been pages, but I just do not see the benefit of it. The only claim so far has been "what if something unexpected happens", well that is what investment is for.
Are you married and have children, and are you the breadwinner of the family who needs to take care of your parents or siblings?
I'm guessing you live alone and have nothing to worry about, or you still get financial support from your parents. Because I believe that any adult who has a family and children, even has to take care of old parents. They will always have a financial plan and an emergency fund will always be their top priority, not investing or trading. Because they know that the world is tough and bad things can happen at any time, and having an emergency fund is important. Only people who are single and have never experienced those challenges think that an emergency fund is unnecessary.
I don't totally agree with you sir because not everyone who is single or have not experienced bad things or tough... don't believe or think emergency funds is unnecessary. I can use myself as a case study here, I'm not married but single and I am Investing in Bitcoin with the knowledge and understanding that emergency funds is very vital through which I can keep my investment going without touching it. Investing in Bitcoin without emergency funds is negligence and it will surely back fire and when it does one's investment will be used to compensate and so whether someone has experienced these... Or not they should always know that emergency funds is very important and investing can not work for long without it.
Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.
I would not consider a 10% dip to be massive, and surely there is not way of knowing if the dip might be more from here or not. It is not unusual for various dips to take place with bitcoin, even though perhaps every time dips happen folks try to proclaim that this time is different blah blah blah.. and maybe it is different, and maybe not. It is not a good practice to get overly presumptive about the short-term price, even if everyone (or nearly everyone) is expecting BTC price to reach $180k or larger. I certainly expect that there are good odds for BTC reaching $180k or larger in the coming 1-10 months, yet still I understand that there is also a possibility that the top for this cycle is already in at $124.5k... and yeah, it is possible to have both scenarios in our head at the same time and to be financially and psychologically prepared for either scenario or some other variation.
You’re right sir, and I agree with you that it’s not a good a practice to get overwhelmed or overly presumptive about the short term price, and come to think of it a 10% isn’t something massive and be excited about as it’s too early because everyone who truly understands the dynamics of bitcoin will know that anything can happen at any time, there’s every possibility that even though there’s a little 10% drop now, there’s a possibility that in the next few minutes we’ll be witnessing even more that a 10% increase. So for me, I suggest that everyone should just calm down and focus more on figuring out a discretionary income to continue accumulating bitcoin no matter the price with their on going long term strategy of consistently or persistently accumulation of bitcoin and hold for the long term goal and gradually build up their portfolio. Sometimes, people who gets overly excited or emotional when they noticed a little downturn in the market are traders who are in for a short quick profit making mindset and not really a true investor.
Personally, I believe that price history, as seen over the past few months or years, can be a useful guide for predicting Bitcoin's price. Indeed, August and September always experience price corrections, but they recover quickly afterward. So, I'm taking advantage of this decline to buy a little more than usual, regardless of the extent of the Bitcoin price correction. I'll welcome it positively.
Monitoring is not advisable for investor that can be easily swift off their feet and there no need to compare the market decline to the recent increase because Dip and surge are two different move of the market which defines how Bitcoin behave and don't forget there are point or stage Bitcoin will increase or rise from trust me it won't get to those point again even when it Dip.
Moreover, I think as an investor we should forget about the price history of Bitcoin and predicting the next Bitcoin price because I consider this as a waste of time especially if you are an investor because is of no use to you. Keep buying with the DCA method and hold and if your discretionary is so big that you think you can be aggressive on a given point in the market then it is pretty cool. Checking the history of Bitcoin to predict seems like traders stuff.
Re: Would the gambling industry survive if people only played for fun only?
Let me explain the thread title. I know a lot of us here would say we should be gambling for fun, but in reality most people don’t gamble just for fun, they do it mainly for profit. Even if they lose, they keep coming back because they hope to eventually become profitable in gambling.
But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?
Will we still see it growing or will the industry shrink?
But what if people stop aiming for profit and gamble only for fun, what do you think would be the impact on the gambling industry?
Will we still see it growing or will the industry shrink?
The truth remains that everyone can not gamble for fun but everyone can gamble to make money or profit and if this is true the gambling can never shrink but rather it will grow. People always come back to gamble more because they believe one day they will make profit but the fact that they will make this profit or money is not guarantee or certain, sometimes it happens by chance or luck but while we have this mindset to make profit we should be careful the way we go about it before one turn an addict.