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Re: [Bounty]Axioma Holding |6 Weeks |35k Dollars worth of tokens|Listed Token
by
Dorkylickjj
on 29/06/2024, 16:02:50 UTC
#Proof of Authentication
Forum Username: Dorkylickjj
Forum Profile link:https://bitcointalk.org/index.php?action=profile;u=3490322
Telegram Username:@private_chatspace
Participated campaign: Signature
BEP-20 wallet address: bc1qc8qla56zmrwtvzch58zky5pqdunm5epwj3ty7p
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Board Services
Re: [Round 7] Utopia P2P - Official Android Review Campaign (Newbie - Legendary) 💎
by
Dorkylickjj
on 28/06/2024, 10:48:45 UTC
I just started using this app and I'm so impressed by the development I see, I love the fact that I don't have to give out any of my personal information to create an account and the process is super fast and easy, in a mere 30 sec it was done, I also loved that it was easy to navigate, I didn't have a hard time using the app even from the first day, anyway I'm mostly in love with the wallet feature making it easy to make transactions on app, I'm giving a 5 star.

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Re: [Round 7] Utopia P2P - Official Android Review Campaign (Newbie - Legendary) 💎
by
Dorkylickjj
on 22/06/2024, 16:29:12 UTC
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile
Bitcointalk Rank: newbie
BTC address for payouts:
USDT address (TRC-20) for payouts: TABvjcJjZikoLp8i7Cqk7Y4Wwy4WK3THRF
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Re: [Round 7] Utopia P2P - Official Android Review Campaign (Newbie - Legendary) 💎
by
Dorkylickjj
on 22/06/2024, 16:26:26 UTC
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile
Bitcointalk Rank: junior member
BTC address for payouts:
USDT address (TRC-20) for payouts: TYjoBSLpQpjdXB78ZMkcSpBN2XWvCpSgHF
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Board Speculation
Re: Buy the DIP, and HODL!
by
Dorkylickjj
on 09/06/2024, 11:08:36 UTC
Quote
This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.



Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.



You don't need to have a stable income before you start investing into bitcoin, you can start with what ever amount you have, waiting to stabilise before investing in Bitcoin is not the right thign to do cause you can start while you put yourself in a better position by looking for a stable source of income, let's assume a guy that receives 100$ as a birthday gift and wants to buy bitcoin, although it's it's a steady income he can decide to invest up to 50$ into bitcoin or less depending on his expenses and what matters most is taht he has already started and when he has another money he can buy again and by the time he is stable he might already have some money invested into bitcoin, besides it's a long term approach so he has time to fix himself as he accumulates bitcoin.

Your wrong to think that the reason people panic is cause they don't have a stable source of income, rather why people would easily panic is when they invest more than they can afford to leave in bitcoin or above their discretionary income, let's not forget taht any amount put into bitcoin should be considered gone untill your investment has mature and that can be up to 4 years or more, so that why it's best to invest out of your disposable or discretionary income to avoid easy panic or fear.
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Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dorkylickjj
on 24/05/2024, 11:53:53 UTC
⭐ Merited by JayJuanGee (1)
Gaining knowledge before going into any investment is very important, without knowing the basics of an investment before going into it can amount to failure, also taking hasty decisions before involving in any monetary ventures is a danger and can make the person to lose their investment funds. Before going into Bitcoin investment, it is important to understand how it works, knowing the basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means and how to protect your wallet from hacks, also how to secure your seed phrase, this basic knowledge will prepare a newbie investor on how Bitcoin works.

I like the phrase "buy the dip and hodl" it will direct newbies and experienced investors on the best time to buy Bitcoin, so that the person will not wait till another halving, to see a new ATH price, before they can make profit, buy during bear run and sale during bull run. So the best time to buy is when price dips, and sale when price surges, also the best option is to do DCA method, keep buying irrespective of short term pump and dump, then sale in the bull run or keep hodling.

I tend to disagree, a new investors doesn't have to know about bull run and bear run to be able to invest or buy bitcoin neither would it amount to helping him out in any way if he knows it, the only thign he needs to know about is to buy bitcoin.

You seem to driving much towards early profit which is of no concern to someone just starting out his investment, his major concern would be how he should accumulate more bitcoin and nor making short term profits, in this thread we habe already come to a observed conclusion that long term investment is safer and better than short term investment and the term buy the dip and hold has nothing to do with what you said, everytime is the best time to buy bitcoin and not only during dips, and that is the disadvantage is you won't accumulate bitcoin except during dips, its dar better to use the Dca strategy cause you would be accumulating Bitcoin in every market condition and worry less about market volatility.
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Re: [CFNP] BestChange Signature Campaign | Sr Member+
by
Dorkylickjj
on 20/05/2024, 10:26:00 UTC
Dear friends, hereby we are closing our signature campaign for the time being.

The campaign on Bitcointalk has been running for 226 consecutive weeks which is 4.5 years. We feel that it is now time for us to forward our marketing efforts to the new areas.

The start of the campaign was met with precautions and lack of trust, but thanks to you we have skyrocketed and gained recognition and exposure.

You have been loyal to the promotion of our brand on this forum; many of you have been in the campaign for a long time.

We want to thank each and every one for your dedication and contribution, and wish you all the best. Thank you for having been the green fam with us!

I think that your campaign brought you lots of customers. I personally didn't know about Bestchange but after your promotion on this forum, I got to know about it and became an active user of your website. I believe there are also many people who actively use Bestchange, thanks to your promotion here.
Btw wouldn't it be better if you still kept the signature campaign but in this case with less number of participants? Like Sportsbet did? I think that an active signature campaign gives many people hope that business is here and if there is a problem, they'll get help and attention on this forum.

Same here, i just found out about bestchange as some users started posting about it, it's quite not a good news that one of the best campaign on the forum has ended, anyway its been a pleasure having you here and our wish you the best of luck out there finding a new program.

I also heard that it might be temporary and they could be a come back, in any way you are more than welcome here and you should that a lot of members are more than ready to put on that signature and begin working again, I wish I could say that for myself but I'm sure someday if you remain ill get to work for you.
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Re: Road to 100k?
by
Dorkylickjj
on 29/04/2024, 18:15:59 UTC
We have seen a huge swing in the price of Bitcoin in the new year and it has reached an all-time high. Where we can assume that a new ATH has formed in the Bitcoin market and we have seen a new road. As we are currently in the year 2024 and at the beginning we saw the Bitcoin market peaking at $73k. However, currently we can see that the market has moved down slightly after the Bitcoin halving and currently the Bitcoin market is hovering around $63000. However, we can confirm that there is no doubt that the price of Bitcoin will reach $100k and we have seen many other forecasts where various experts and experts have predicted that the price of Bitcoin will reach $150k. The way Bitcoin price is currently going, we can say with certainty that we are going to face a bull market very soon, and then the price of Bitcoin will touch $100k. As the market price of Bitcoin is currently dumping a bit, it will pump up again as it is due to volatility in the market. Anyway now we should buy more bitcoins and hold it for long time and if we can buy and hold bitcoins now then good things are waiting for bull season ahead.
I believe this is your speculation, but then saying that Bitcoin will $100k is a little to obvious, and flat faced if no time frame is added to the speculation and maybe a theory to support why it'll work in that timeframe.. Maybe this bull run will get us up to $100k    or not. Since we're all speculating here, I don't think the word 'certainly' does it at all, because it begins to seem like assurance from foresight.
When it comes to Bitcoin, we must understand that short term speculations are near impossibly accurate.

If you ask me, we're practically on our way to 100k and then, here's why I think so, we should understand that one knows for sure whether bitcoin will rise or fall in value over the coming days, weeks, months or years. However, one way to guess at future price changes is to consider BTC’s previous price movements. That's one way. So if we ride on that factor, we have this:

In January 2014, bitcoin was worth approximately $800. By January 2024, it was worth more than $42,000. That represents a price increase of better than 5,150% and an annualized return of more than 135% per year over the past decade.

If bitcoin experiences that same rate of appreciation in its average annual returns, it may very well reach $98k in January 2025 and hit $100,000 in February. Hopefully. Although this can happen sooner than that or later. It's all a speculation. This is mine.
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Re: Buy the DIP, and HODL!
by
Dorkylickjj
on 29/04/2024, 14:36:08 UTC
I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
I think it's in  your best interest to understand this, this post you made is actually off topic, and I think you should read the topic before rushing off to post. Trading isn't the whole discussion of the topic, and trying to debunk the topic under this thread is actually off topic and totally uncalled for. Your post would've been most appropriate in a corresponding thread.
Ok bos.

Aside making an off topic post trying to debunk the topic in the discussion, something else that is totally uncalled for is the spam post you dropped here. You should be aware that there are penalties attached. Even if you may not feel I'm in much position to correct you, but since you're a newbie and doing these things that I see you've done, I'll advice that you quit running around and cool off,  read more than you spam. That way, not only will you get experience from higher members, you will also gat ahang of how it works here on the forum.
This thread, (since it totally appears that you do not get it) is created to discuss HODLing and not promote trading or any other off topic that you can think of. If you have no idea, or contribution to make on the topic, what I'll advice is to find a topic that you can naturally relate with.
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Re: Buy the DIP, and HODL!
by
Dorkylickjj
on 15/04/2024, 18:17:28 UTC


Wow if you are picking out some other shitcoins, then it appears that you are trying to pump which shitcoins happen to be less shitty (and your choice of less shitty coins happens to be ethereum and BNB), so where does that lead us.. It leads us to being off topic and talking about irrelevant bullshit of whatever thousands of potential other shitcoins... 

Ain't nobody got time for that
Exactly the point I was going to raise. This is a Bitcoin forum, buy the dip and HODL. Specifically talking about Bitcoin accumulation. We don't need some confused people coming to advertise shitcoin here. They should take this somewhere else, maybe like the altcoins section or something. Personally speaking, I'm fed up with hearing about shitcoins in this thread. Makes me wonder what the fuck is actually going on. Some people come here to talk about their shitcoin holdings which I find both annoying, replusuve and funny.
I think we really need a 'fuck off' button. Or an off topic flag kind of thing on here 😂. It also pains me that anyone would see any other coin as a Bitcoin alternative
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Board Beginners & Help
Re: is bitcoin a good chance for the future
by
Dorkylickjj
on 14/04/2024, 00:21:04 UTC
If you see history as important and as a foundation, as a criteria to measure potency and growth, then you really should check out the behavior of Bitcoin over the years and it's performance, Bitcoin is like a train, it moves, may have few stops, but the whole story is that it goes forward. Even as the world evolves, the evolution also includes the relevance of Bitcoin, in some places that didn't accept Bitcoin for trade and exchange, now do, and soon there won't be a place where Bitcoin isn't accepted. Not to worry, with Bitcoin, before it's relevance is lost, it won't be in your lifetime. All I said I tried to hit the mark. Somebody else can go on about the figures and stuff .
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Board Beginners & Help
Re: Always do your own research (DYR)
by
Dorkylickjj
on 13/04/2024, 21:21:29 UTC
When it comes to cryptocurrency, one advice I'll give is, when it comes to short term purposes, like taking capital and putting it in crypto, and expecting magic in a month, while the price of your coin 'could' appreciate within that space, it's quite unlikely or rather risky, as you could equally make losses before the end of the month, when you need it. But then, when the margin is large, and Bitcoin is the said coin, then  there is likely profits. The shorter the margin, the more risks of losses.
And secondly, you shouldn't enter Bitcoin or crypto being half informed. This is a clear example of the panic people express at dips, which is a popular failure.  Maintaining  composure during dips is one thing that bitcoiners should learn. I can't speak for shitcoiners though. It's natural that a dips you panic, but then it shouldn't lead to you selling off your holdings. Before you do Bitcoin, be familiar atleast  with different terminologies, and then with the behavior of the market. These are little things that make a bitcoiner.
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Board Beginners & Help
Re: The dangers of AI to us as they can be use for crypto stealing malwares
by
Dorkylickjj
on 12/04/2024, 10:47:27 UTC
Not every Ai out there is friendly, as  most of them are spyware and are created solely for destructive purposes. It even goes beyond Ai, to simple apps, sometimes we can find some unknown apps in our devices. Apps that we didn't install ourselves. These spywares can also even include random things like non default keyboards, as you can type lots of passwords over these keyboards, and can give access to whoever is on the other side, spying. Staying away from downloading files from unprotected sites. Sites that supported mod apps, are usually  unsafe.
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Re: Have you ever been dusted!! Don't panic
by
Dorkylickjj
on 11/04/2024, 19:27:48 UTC
I have received dust many times in the last years, mainly in addresses with positive balance (I don't check the empty ones often, so I don't know whether I receive something there). As far as I'm aware, that's not a big issue since there is no need to send dust in order to track the transactions from or to that address since the blockchain is public.

IMO, the moral should be keep things tidy, the same if you received dust or not. Although a single point of failure is enough to break your privacy, the more mistakes you make the more chances of being tracked and, eventually, attacked. So it is a good idea to create throw-away addresses while being aware that every time you consolidate you may be sharing too much info.

I don't know how scammers manage to know which wallet has some funds in it to target, from what I heard they send lots of micro transactions to multiple addresses, but how do they get this addresses, are they guessed or is they a way they find them.
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Merits 1 from 1 user
Re: [Merit] Share your best posts/threads with Fillippone to be merit assessed
by
Dorkylickjj
on 10/04/2024, 08:54:15 UTC
⭐ Merited by fillippone (1)
Reserved
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Re: Buy the DIP, and HODL!
by
Dorkylickjj
on 09/04/2024, 10:02:58 UTC
⭐ Merited by fillippone (1)


You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.
I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.


Your right, DCA must not be for those with steady income, although it would have been netter if you used some illustration like Jay does, let me try if I cam get this right.

Let's assume a guy might have received a government fund that comes 4 times a year on equal or irregular intervals and this amount is 3k, so he decides to invest 1k into bitcoin and yeah he should just go and buy Bitcoin right away with all the funds but instead of that he decides to divide that money into 12 parts which should be 83$ each approximately so that it would meet up till the next time that money comes, and one good advantage of this, is it that you don't have to worry about volatility or price changes, so for many reasons we mostly recommend it for beginners and I guess you should try it too. Hope your right now@ berry2d
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Re: Buy the DIP, and HODL!
by
Dorkylickjj
on 08/04/2024, 18:17:40 UTC
⭐ Merited by fillippone (1)

Most things you are just saying Is off mate. FYI we don't have to wait For any drop in price before thinking of accumulating, this bitcoin we taking about, well I guess the reason you have such mentality is due to the fact that you have been In to shitcoins for so long which is bad ( and your post says it all). There's reason why DCA strategy is there for us to make use of. It gives us the chances to purchase bitcoin at any price interval. And I won't advice to use such strategy in shitcoins so that you won't endup getting self reckt so badly , because the risk in shitcoins are just so much , so please try to reduce such urge in investing in and focus mainly on your bitcoin accummulation to be in more safer side . I hope in that part that I bold when you mentioned coins , hope you talking about bitcoin so that you won't endup misleading newbies in investing in some shitty shitcoins.
You seem too committed to the DCA method that you tend to have forgotten that there is another method of buying called buying the dips. There is nothing wrong with setting aside some funds to buy when price dips and when waiting,  using the DCA method to continue buying without stop and waiting for the dips to buy lump sum. This is a kind of combined method which is very effective. I think most experienced investors apply this method and I recommend the method for anyone who want to fully take advantage of different market conditions. 

I can only talk from personal experience, I used to take this hybrid approach dca and bftd, but when I went back thru my data and calculated the difference from pure dca and this hybrid approach I found it didn’t quite pan out the way you are saying. The main problem encountered and not all the time but most of the time you don’t get the dip properly. It’s very hard to hit the dip without a lot of eyes on glass ie time. Yes you can set orders but then you have to divide up your dip money to guess where it lands and sometimes you have leftovers. Instead of bftd I increase my dca amount for a set period of time and then bring it back to normal levels. For example for the next 4 months I increased my dca amount. In July it will go back to normal levels.

The second problem is outside the blockchain, you got a little nest egg for dips but then things come up trying to nibble on the egg from rl. Yes there lots of strategies to insulate and segment your money but the majority of people don’t have these in place. If you don’t have an emergency fund in place I would not recommend trying to bftd strategy.

I’m absolutely not saying your wrong but in my own experience I keep coming back to the old adage; “Time in the market instead of timing the market” Pure DCA let’s you accumulate methodically and increase your time in the market without any timing requirements.


Why should you be bothered about timing the market, the DCA strategy already allows you to have an idea of the bitcoin price at all times, and the best way to buy the dip is to just fucking buy when the price has reduced a bit and a better way would be to buy down if you are not sure if that's the dip, let's say you split the money that you wanted to use to buy on the dip into parts and just buy on intervals that way you woudl take the most advantage of the dip and at times they are situation where by you exhaust the money you used to buy the dip and the price continues to dip, but one thign you should have in mind is that you can never always get it right,  so yeah at times you would be most favoured by your strategy and other times you won't get it right, but since you said you were using the DCA strategy too then you shoudl be all right cause with the DCA you but at every market intervals.

Yeah life happens at times and we find ourselves in some uncomfortable situations where we have to use the money in our reserves to solve other problems other that what we kept them for which is buying the dip in this case.

Any one who doesn't have an emergency funds is literally gambling and should know that his investment isn't safe at any time, what if life happens and your house gets burnt down or hospital situation and all you have is yoir bitcoin holdings, you would surely sell them off, without the insurance of our emergency funds we are sure gambling rather than investing and your very right about this. In fact it's necessary we build our emergency funds as we accumulate bitcoin or even before we start our accumulation journey.
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Merits 3 from 2 users
Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge
by
Dorkylickjj
on 08/04/2024, 17:47:00 UTC
⭐ Merited by Stablexcoin (2) ,JayJuanGee (1)

5) I was not thinking that rank would necessarily be a category - because I doubt that there would be any need to compete.. but then maybe the number of days could be the rank rather than the number of pushups.... but yeah, sure there might be some interest in the number of pushups, even though some guys have already stated that they were more interested in quality rather than quality, but we still might want to consider consistency, so the number of days could be a kind of ranking, so if guys are missing days, then they would ONLY report the days that they were doing pushups and not the number of calendar days, because the days might not count if they were to be days in which no pushups were done on those days.

Ranking would definitely cause some level of competitiveness which would deviate us from the main purpose of this challenge which is to help have a healthy daily routine of exercise while we support bitcoin. Some of us might start to feel we are not doing our best when the idea was to do as much as you can and remain consistent at doing it.

The idea of having a table is nice for record keeping, and this could help motivate others to want to be a part of the exercise and to know how much you have been doing so far and it would remove the stress for those that has not been keeping a personal record of how many pushups they have been doing.
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Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dorkylickjj
on 07/04/2024, 10:17:08 UTC
⭐ Merited by JayJuanGee (1)
And maybe because there are some shitcoins that are tempting, but if you don't do a thorough analysis and don't do it well and don't follow it from the start it will be in vain and very risky.
Come on mate, there are no amounts of researches that can be convincing enough to get involved in shitcoins, they are just there for distractions, Bitcoin has proven to be the best in all ramifications and there is no way we can make any form of comparisons or make it looks like Bitcoin irrespective of the level of researches and analysis. Don't forget that supply has a major role to play in the market, Bitcoin has a limited supply of only 21million,  Bitcoin stability and entrepreneurship are far better than any other coins or is it about it's network effects and security Bitcoin are far better than then all,  but however as JJG will always say that don't do more than 10% involvement in to shit coins as compared to the size of your Bitcoin investment which is a very nice advice at that. There is no degree of researches and analysis that will make shitcoins involvement any less risky as when compared with Bitcoin.
Even though shitcoins only exist to divert attention, they have given people the opportunity to own Bitcoin by trading Bitcoin altcoin pairs or stable coins so they can buy Bitcoin. However, Bitcoin has proven to be the best compared to altcoins, so Bitcoin is still someone's main investment target.

They can use shitcoins only for smaller portions or for daily trading while they invest in Bitcoin by accumulating it using DCA. They can use the profits from trading altcoin pair Bitcoin or stablecoins to buy Bitcoin. That is one way to own Bitcoin, and it can also be used to carry out the DCA method.

But we have to remember that using shitcoins has a big risk because we don't know which shitcoins can provide profits, even though we can analyze them one by one. Not many shitcoins are able to survive for a long time while Bitcoin has proven to be able to survive for a long time.

I can't agree with you on this, shitcoins are risky to indulge in and I don't see how that is a good and reasonable opportunity to get profit from to invest in bitcoin, this is really gambling and as we know it gambling can be addictive and yeah someone might be delusional thinking that if he invest in shitcoins or trades it he would use the profit to invest in Bitcoin, he might also likely chose to continue in that path of getting quick profits and eventually wreak himself.

I don't know if you were trying to say that if we must indulge in shitcoins that it should be at most 5-10% of our portfolio and this was only suggested for those that can't bear to stay away from shitcoins and at times people can't control themselves and would also want to invest more and more until they may find themselves investing more to shitcoins than even Bitcoin.

I won't be advising anyone who is just starting out his investment journey to be induging in this kind of activities cause it could be a major distraction for him and also wreak him if not careful, a better advice would be stay away from shitcoins and focus on building a solid portfolio with bitcoin and if you hold for long term you could well get even more profits than you could have made from investing or trading shitcoins, although they is no accurate guarantee that it might work out, but least it has a better chance than any shitcoin.

My take on this Is buy when there is a drop in price, hold enough of it , whether Bitcoin or shitcoins, when it comes to crypto space we can't accurately predict the future,  some years ago specifically the early days of BTC one will tell you that holding enough of Bitcoin was risky, but that can't be said of it today, as it has gained more values, the same goes to other shut coins buy when there Is a drop in price, hold as many as you can , and maybe later in future you don't know what will happen,

When Investing in shitcoins you just just invest like a life savings in shitcoins, because you can't predict the future of that shitcoins, but a life savings can be invested in BTC given that the future of Bitcoin is already bright, for newbies DCA strategy can maybe be suggested to them, holding coins for a long term really pays on a long run.

Your take on this isn't right at all and carry a lot of misleading information, how can you advice someone to invest in shitcoins just bacuse we can't predict the future, shitcoins are too risky to indulge in and consider putting someone's life savings in it is an even worse idea. You can't compare shitcoins to bitcoin in any way, investing in bitcoin is more safer than investing in shitcoins, you should better stay away from shitcoins unless your ready to lose all your holdings to it.

Yeah you might be right about the uncertainty with investment, but let me make this clear, would you rather invest in something that has more probability of working out or gamble with something that you can't even tell if it woudl survive the next day. The reason why we still allocate some level of uncertainty to bitcoin is because we Don want to sound too optimistic about it and yeah life can happen and it can affect bitcoin too and the lowest possibility of investing in bitcoin is your investment not giving you any returns or returning to zero and that's why we rather invest with our disposable income, but but the same time no one wants to invest in any thign without some expectation of profits, and bitcoin historically have a good background so it's a better bet than any shitcoin.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Dorkylickjj
on 07/04/2024, 09:55:24 UTC
Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Every time is always a buying time for Bitcoin so far as you are a long term investor, you will surely make profits in the long run and for me the best time to sell is when the price have surpassed previous ATH then you can decide to sell part of your coin but it must not be all because you can sell your coin when the price gets a new ATH and afterwards the price increases further but the best time to buy more is during the bear season then you can use the DCA to keep accumulating on a regular basis.

Bitcoin investment is a powerful asset, this asset can be left for the future and future generations. Because this digital asset will seem modern as it moves into the future. Bitcoin is created in such a way that it holds the highest position among digital assets. So no investor should neglect to hold this asset for a long time, everyone should try hard enough to hold Bitcoin as it is a huge and valuable asset in the future. So if one can't save it by accumulated money then surely you try to hold it for long time using DCA method. The only way to hold your Bitcoins is through the DCA method.


Which ever method to be used will be best known to the investor in terms of his or her physiological and financial situation, investment goals and objectives inclusively. However, the method of buying and holding your Bitcoin may not really matters but what matters is the size of your Bitcoin and how long can you be able to hodl, your ability to have a sizeable Bitcoin investment and your ability to hodl as long as possibly 5 to 10 years or more, you can lump sum, or use the dca method or probably combination of both and this will tailored down by each investor in such a way it  will suits them in terms of physiological/financial situation including their investment goals and objectives such that what the question Will be at the end of the day will be how much of Bitcoin do you have and how long can you be able to hodl.

You know any method we use in accumulating bitcoin has an impact on our portfolio, from my research and observations the DCA method helps reduce the impact of market volatility on our portfolio and unlike lump sum that is just a one time whole buy and if you had bought in a very high price when the dip comes yoir portfolio would be on a big lose although not permanent but for newbies just getting into bitcoin that could be quite the headache for them, so the DCA strategy would be a better accumulation method for a newbie cause he would have to worry less on how his portfolio is doing and just focus more on buying only.

Yeah everyone must figure out the best way they which to accumulate that suites them based on their financial capability, but any strategy can be used by anyone and its not as tho the DCA strategy is only for people with little capital, its just dividing your capital into parts and buying at intervals, so even someone with huge income cam use it and still be very successful at it.