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Showing 4 of 4 results by HausaBitCkk
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
HausaBitCkk
on 05/09/2025, 20:35:38 UTC
Bitcoin is very volatile; you can buy Bitcoin today, and the price can drop in the next few minutes. This doesn't mean you have lost the value of your Bitcoin or that the price will continue to fall and won't rise again. You have to understand volatility before investing in Bitcoin.
If you are investing, you are suppose to know about what you are investing in, it’s not just going to make sense that you making investment, and you don’t have proper knowledge about what you investing in, and as long as you are doing research about bitcoin investment, then you will definitely come across bitcoin volatility.

After investing and you discover that the coin price drops, all you need to do is just to hold, what’s dropping is just the value of the coin, but the amount of the coin which you are holding is still the same, so even if bitcoin price crashes, all you need to do is just to hold, with time the price will bounce back. Most people do panic when bitcoin price drops, but I don’t see anything to panic about, that’s why when investing, our target should always be a long term target. If you are holding for long term, all the market slight changes in the market won’t really disturb you.


This is only possible for new investors because they invest large amounts considering the profitable aspects of Bitcoin and later when the price of Bitcoin is dumped, they panic and sell Bitcoin and as a result they suffer more financially, but experienced investors are familiar with this because they will not panic when they see small market declines, new investors should start small, if they think that investing with large amounts of money will bring big profits, they should have enough experience in this regard because in the case of new investors, if they pour their entire money into Bitcoin, they will panic when they see small losses, so they will be willing to sell Bitcoin, on the other hand if they use the DCA strategy and invest slowly, they will be able to continue investing for a long time, so they will gain experience and they will see their small investments become heavy.
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Re: Buy Buy Buy or Sell Sell Sell?
by
HausaBitCkk
on 05/09/2025, 19:56:31 UTC
Having a good source of income is important since our consistency in bitcoin investment strictly varies with our cash flow. So a good cash flow management is very important in our being able to keep up with our DCA strategy. However it is possible to be buying bitcoin while working on increasing or stabilising our cashflow. I believe it is possible to have a source of income without one having a discretionary income so it is very important we determine if we have discretionary income to invest with before thinking of starting .

Bitcoin investment certainly plays the most important role in our income source, but at the same time we will try to strengthen our Bitcoin investment even more. In this case, I want to tell you that in addition to the DCA method, you can add money to your Bitcoin investment in addition to some techniques that not everyone knows. For example, if you invest $ 70 a week, and you can save money from your personal frivolous expenses.
For example, you quit smoking, you go to the park and eat nuts with your girlfriend, drink alcohol, etc. You must see that you will save $ 30 to $ 40 at the end of the week. And you can add this saved money to your Bitcoin investment, and if you can invest (70 + 40) $ 110 a week, then you can definitely invest $ 5720 in Bitcoin at the end of the year.


We all have income and some have a lot of that income while some have nothing because the main reason for this is waste. Many people think that they are spending according to their income because they can do it, but they can now be quite aware of this because they can prepare for their retirement life from the present time. You can bring the right changes in your life only when you spend your income properly, on the other hand, you will lose your money due to all the waste that you will be involved in, so you can cut down your unnecessary expenses and invest in Bitcoin which can bring security to your retirement life, but although there is no guarantee of this, in terms of the money you waste which you will completely lose, if you invest in Bitcoin from it and do it long term with full confidence in it, then you can increase your wealth several times in the future and you can bring security to your retirement life.
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Board Speculation
Re: Buy the DIP, and HODL!
by
HausaBitCkk
on 05/09/2025, 19:35:31 UTC
It all depends on intention, not just a budget allocated specifically for Bitcoin investments. There are also people who have a substantial monthly income but have no intention of investing in Bitcoin, so they are not considered investors because their intention is not Bitcoin. Meanwhile, people who do intend to invest in Bitcoin will usually continue to strive within their own capabilities while finding ways to continue doing so more consistently under any circumstances, including the current situation.

I am more confident that Bitcoin will rise again this month, and its price has now exceeded $110,000, which is quite good for those who still accumulate Bitcoin purchases weekly. So, let's just carry out the ideas we have individually without having to worry about people who don't believe in Bitcoin because Bitcoin adoption is increasing so the potential for growth will always be there.
Everything must be coordinated, and planning from the start is certainly a key factor. Therefore, we need broader knowledge to determine which investment options are best.

Regarding the strategy we use to accumulate Bitcoin, I believe we have full authority over that and know best what's best, based on our income and ability to set aside funds for investment. The best approach right now is to use the DCA method.

The current Bitcoin price hasn't fully recovered, with no significant movement in the past few days, so I'm still pessimistic about a major increase.
However, personally, I prefer the current price; I think we can buy more for the future.

Those who have a source of income and can earn from it, should create an emergency fund by keeping some of the money they earn, and on the other hand, they should be ready to invest even if it is small because this small step of yours will become big at some point, on the other hand, the supply of Bitcoin is limited, its popularity which has increased a lot at present and will continue in the future, so it is difficult to say what its value will be in the future because it may increase in value more than we fear. In that case, it is very important to have a long-term view for your investment, and when you continue to invest continuously, you will have to overcome many obstacles on your long-term path, when you invest, there may also be dumping of Bitcoin prices, so you should refrain from panicking because the price of Bitcoin fluctuates often, but it is useful for beginners, and if someone in your family gets sick where you need a lot of money to heal your family member, in that case, you may lose your favorite thing, so it is very important for you to create an emergency fund. Emergency fund, which will be useful in advancing your investments and in times of danger.
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Re: Buy Buy Buy or Sell Sell Sell?
by
HausaBitCkk
on 05/09/2025, 18:43:41 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?
Bitcoin is very volatile; you can buy Bitcoin today, and the price can drop in the next few minutes. This doesn't mean you have lost the value of your Bitcoin or that the price will continue to fall and won't rise again. You have to understand volatility before investing in Bitcoin. If you don't understand it, you will always have problems with when to buy Bitcoin and when to sell. There is no perfect time to buy Bitcoin; you can always buy Bitcoin at any time, and if you do, you need to hold it for the long term. If you have made a good profit while holding, it is up to you to decide when to sell.

You should prepare for the long term to invest in Bitcoin, I agree with you, volatility is the natural feature of Bitcoin, almost new investors who are waiting for Bitcoin to fall at the present time to invest on the other hand when they make such mistakes to invest then they lag behind over time where Bitcoin price is on the rise on the other hand if Bitcoin price is on the dumping side then they look for better opportunities, but they always try to catch the highest or lowest in the market to invest in Bitcoin but in reality which is almost impossible, so instead of wasting their valuable time, they can move forward slowly using DCA strategy to move their investment forward at the present time.