Search content
Sort by
Showing 20 of 126 results by Iamgoat
⭐ Merited by JayJuanGee (1)
[edited out]
As for the $500 example, it will interest you to know that majority of the people may not invest such amount in lump sum and for those who do (maybe by investing 50%), it will make them lazy to continue with their DCA plan or strategy afterwards. If it's monthly, a lot will declde to skip the few extra months ahead banking on the lump sum investment they did to cover it up, but that will be another way of reducing their commitment to consistently run their DCA approach. Ultimately I think what we should preach more than any should be more learning and understanding, patience and confidence.I understand that a guy who is accustomed to investing $10 per week for a year and who suddenly comes across $500 might not know what to do with it, yet it seems to me that the more he gets used to investing in bitcoin, he might consider bitcoin a natural place to put it, even if he might prefer to stagger the payments rather than investing it all right away.
There can be advantages in regards to putting in any lump sum right away, even though if the price goes down then there could be regret that the lump sum was invested at too high of a price. So surely sometimes there can be some value to holding back some of the lump sum to either buy on dip or to add to the weekly DCA amount. Guys frequently have to practice to even get used to their own building of wealth that they might not have had previously, and sometimes they might not really know what to do until experiencing it, and surely many guys make the mistake of selling too many BTC too early because they are not used to accumulating wealth... so maybe after 4-6 years or longer investing into bitcoin, some of the process starts to get easier, even if the discretionary income might not have gone up a lot in that timeframe.
Wow... You see, this is more like a new discovery for, how many people do really know that investing in bitcoin, consistently for the next 4-6 years or longer is not a rocket science. Many see investing in bitcoin for 2 - 3 years as mature enough and they want to take their investments to do something else with the claim that they had invested enough for so long. But from your submission, this is not actually enough as one should invest even more. I can't imagine building a particular profile for the next 6 years consistently without holding back or slowing down my investment, even if my funds won't be able to change my standard of.living yet, it will sure definitely change my mindset towards investment on life assets for life. It will seriously instill financial discipline to the investor.
Imagine me investing 50$ per month for the next 6 years (by 2031). That's $50 x 12 x 6 = $3,600 which must have multiplied into several dollars by then, based on the worth or value of bitcoin at that time. For the purpose of this discussion, let me make a cue with the projected bitcoin estimates by 2031 as shown in these forecasts. According to this website, 1 bitcoin is estimated to be $1.063 million dollars by this time (July) in 2031. When you do the math, using a DCA approach, you will get approximately an estimated amount of $33,174 by then (only if bitcoin hits 1.063 million dollars, for example), which is a very decent price for me to start a very good business in my country. Quite amazing! My pension is not anywhere close to that if I was a civil servant working with the ministry. Again this is outside any other lump sum which may come along the journey.
Let me.use this table to explain this estimate:
| item | value |
| first month | July 2025 |
| last month | July 2031 |
| Total no. of months | 73 |
| Monthly investment | $50 |
| total funds invested | $3650 |
Let me use the second table to show the estimated value in 2031 (by projection)
| item | value |
| current 1 BTC price | 117,000 |
| total BTC accumulated | 0.0312 |
| projected BTC price in 2031 | $1,063,000 |
| estimated value in 2031 | $33,000 |
The thread said Buy buy buy or sell sell sell: Did you buy when the time was right? did you grap the opportunities bitcoin offered? now we are not longer teasing, bitcoin is on the run and it's time to see the need why JayJuanGee has always advised to buy and keep buying even when you think it's not time to buy, now you're able to see the other side of bitcoin and you wouldn't want to keep getting prepared before you invest but invest while getting prepared because preparations never ends, it keeps going.
Glad I did the buy buy buy and now it's time to see the reason why I chose bitcoin.
Glad I did the buy buy buy and now it's time to see the reason why I chose bitcoin.
I also said that it takes a long time to build your bitcoin portfolio so if you have only been buying for a 2-3 years, you might need to keep buying for another 2-3 years or more before you might make any adjustments to stop buying, or maybe to buy on dips rather than buying all of the time.
We transition through stages, and surely the more bitcoin we have, then our holdings will start to inform us if we might need to make adjustments to our bitcoin accumulation strategy.
One mistake guys make in their first 4-6 years in bitcoin is selling too much too soon, and another mistake is stopping and/or slowing down in their bitcoin accumulation through ongoing, persistent, consistent, regular and perhaps even aggressive buying. There tends to be a need to continue to accumulate, since it is quite rare for guys to be able to reach over accumulation status in one cycle or less.
Another advise I may like to add is before someone goes into an investment, he or she should invest with purpose, let there by a target before you go into any form of investment. For instance, one can decide to go into investment with the purpose of building a home or securing a better future for your kids or to invest the capital into a different stream of income. The moment such intention is made, the next phase will require you to set your portfolio for it, have the number of months in mind eg. 73 months, then set it's calendar and begin to tick each and every month passed. I think this will enable many people to stay consistent with their investments. Also give window for more investment, don't just be static on a $50 example, make it more flexible to increase the budget to like 100 or more but $50 should kinda be your threshold. It is possible that you will hit your target before the duration set and make extra funds for other things and in the event, bitcoin shoots below the projected target, you will be able to strike a balance. There should be more education on this especially from..experienced expertise like @JayJuanGee sir.
⭐ Merited by JayJuanGee (1)
[edited out]
Living in a country where live is generally tough for an average citizen, I can understand how tough it is to invest in bitcoin and crypto generally. I doubt that it is possible to reasonably invest in crypto or shitcoins... That seems more like trading when guys get involved with shitcoins rather than investing, even if they might think that they are investing..
The standard of living has changed significantly for the average citizen making life more unaffordable and finances more difficult to keep. Being able to apportion funds into discretionary funds, emergency, family treats, vacation, buying gadgets or even spare money for miscellaneous is usually almost impossible. The best most of us can do is to sacrifice 60% to bitcoin investment (which is roughly $50) monthly, then the remaining 40% will be for upkeep for the rest of the month (which is around $30). Now imagine living with 30 dollars in a whole month for upkeep, where just buying fuel is averagely 90 cents per litres, fuel alone is more than enough to take the remaining funds for upkeep. This is when you're even earning above the minimum wage which is less than 55 dollars monthly. Now you begin to ask, how many people do really earn above the minimum wage in an unstable economic environment like this?
I will grant you that there are likely certain places where it is quite difficult to figure out ways to increase our income, since it seems likely that it is better to be able to increase income rather than decreasing expenses, since there might not be as many ways to decrease expenses if guys are already living frugally and various aspects of the cost of living continue to go up.
Surely younger people have more potential options to change careers or to shoot for various ways to get training and to potentially advance in higher paying work as the get older, but yes, sometimes folks are already at an age where it might be difficult to change their income levels based on their work, so it surely can be challenging when guys are not able to increase their income as rapidly as their income is begin debased.. and, yes, you are correct that investing ONLY comes from discretionary income, and if your discretionary income is decreasing then you might not be able to invest in bitcoin.. even though bitcoin is one of the ways that guys can be helped to get saved from the ongoing and likely continuing debasement that is going on with all fiats.. .. and surely guys who barely are able to put any money into bitcoin might not be able to directly advantage from bitcoin being available.. but only available as an investment to people with discretionary income... Any guys who are using non-discretionary income to buy bitcoin are gambling (or trading) rather than investing.
I liked it when you used the word frugally, this is exactly the way we're leaving right now especially when there's no certainty to the turn of events as much as the economic activities of the country is. I can tell you with confident that bitcoin is less volatile than the economy of my country right now and this is something others can confirm, in the context that bitcoin has more value than my currency by a hundred and thousands time and even when it goes dip, it doesn't hurt a big investor from Nigeria despite the standard of living.
On the issue of the younger younger people, including teenagers and young adults, you're spot on to mention there's still time and chances for them to fail but fail forward and for them to equally open their minds to navigate swiftly around new challenges and technological advancements like the cryptocurrency world.
This is usually the challenge most of us living developing African and Asian countries in the world are facing. It is not our fault that the economy of the country is hurting, forming among the reasons why many of us choose to diversify and invest in bitcoin which although can be volatile, but has more value than our local currencies. This is again the reason why the DCA approach is always the best advice you can preach to us, as much as yoy Want to benefit the majority of the population. DCAing is more realistic to an average person here than the lump sum investments because for many of us, we may never have the opportunity to venture into lump sum investments in our journey to grow our portfolio unless if you’re fortunate enough to be around the elites, driving the economy.
Sure, I agree with you that DCA is likely the best of choices for poor people who are with relatively low discretionary income, yet I will also proclaim that it is good for everyone to know about their three BTC accumulation methods that also include lump sum and buying on dips, and in regards, to lump sum, we can never be sure that we might sometimes get some extra cash that might not have had been expected.
If a guy is ONLY investing around $10 per week into bitcoin, and then all of a sudden he comes across an extra $500, that would be equal to about a year of his DCA amount, so surely he is going to feel that he has options when he comes across that quantity of extra money all of a sudden and he is able to invest it into bitcoin and/or perhaps the other option would be to shore up his emergency funds and/or his reserve funds.
I enjoy the singular reason which you agree with me about DCA still remaining the best of choice for the less privileged persons. My believe is, bitcoin is not a respecter of any financial class of individuals, it should be a financial platform where everyone including the poor and the rich, the abled and the disabled, the young and the old, etc. While you the poors can still invest in Lump sum, I'm more of the opinion, for many newbies and less privileged persons, they should pay more focus on the DCA while they explore the lump sum options when it avails itself.
DCA has a leverage over the lump sum because it can help the newbies and less privileged manage their risks the more as they still build their portfolio over a period of time. My advice is when your portfolio get stronger then an individual can aim for more and even begin to plan for the lump sum. This advise should work for many interested individuals from this part of the world in my own opinion. A practical example of building your patience and confidence in investing in bitcoin.
As for the $500 example, it will interest you to know that majority of the people may not invest such amount in lump sum and for those who do (maybe by investing 50%), it will make them lazy to continue with their DCA plan or strategy afterwards. If it's monthly, a lot will declde to skip the few extra months ahead banking on the lump sum investment they did to cover it up, but that will be another way of reducing their commitment to consistently run their DCA approach. Ultimately I think what we should preach more than any should be more learning and understanding, patience and confidence.
If an investor is strictly investing in bitcoin with his discretionary income, he is free to invest in bitcoin with all his discretionary income if he chooses to do that, and he will not have any problem in solving his living expenses because discretionary income is meant to be used and paid for non-important items like vacation. Any financial crisis that happens after you have paid for your monthly expenses should be treated as an emergency because you don't plan for it, and you can freely depend on your emergency fund to solve the financial crisis and keep investing in bitcoin consistently.
Anyone is free to do whatever they want with their cash but let's be honest, you can't be buying aggressively all the time it's not possible cause at some points you'll apportion your discretionary funds into other areas and slow down for a while, which makes lots of sense. I know it's the sacrifice investors who recently started are giving to build a better portfolio but then you can't sacrifice forever since you'll still need to go on vacations, entertain yourself and so forth one can only be aggressive for a few period of time, slow down then continue again after a while but saying that you can be aggressive althrough the year, for someone who recently started investing, I wonder the magic you want to perform, remember you're a human and having fun is part of our nature too.Inorder not to make financial mistakes from your total income you should first remove your basic or unavoidable expenses then the rest goes into your discretionary funds. You need to have a special budget for your discretionary fund, remove some money for emergency, Bitcoin accumulation, miscellaneous for your planned vacation, family treat or buying that gadget. The percentage that you decide to allocate should depend on their priority to you. The point is that your life shouldn't revolve around basic expenses and Bitcoin alone, although you can choose to allocate more percentage of your income into them, it's your money and your choice.
Living in a country where live is generally tough for an average citizen, I can understand how tough it is to invest in bitcoin and crypto generally. The standard of living has changed significantly for the average citizen making life more unaffordable and finances more difficult to keep. Being able to apportion funds into discretionary funds, emergency, family treats, vacation, buying gadgets or even spare money for miscellaneous is usually almost impossible. The best most of us can do is to sacrifice 60% to bitcoin investment (which is roughly $50) monthly, then the remaining 40% will be for upkeep for the rest of the month (which is around $30). Now imagine living with 30 dollars in a whole month for upkeep, where just buying fuel is averagely 90 cents per litres, fuel alone is more than enough to take the remaining funds for upkeep. This is when you're even earning above the minimum wage which is less than 55 dollars monthly. Now you begin to ask, how many people do really earn above the minimum wage in an unstable economic environment like this?
This is usually the challenge most of us living developing African and Asian countries in the world are facing. It is not our fault that the economy of the country is hurting, forming among the reasons why many of us choose to diversify and invest in bitcoin which although can be volatile, but has more value than our local currencies. This is again the reason why the DCA approach is always the best advice you can preach to us, as much as yoy Want to benefit the majority of the population. DCAing is more realistic to an average person here than the lump sum investments because for many of us, we may never have the opportunity to venture into lump sum investments in our journey to grow our portfolio unless if you’re fortunate enough to be around the elites, driving the economy.
Do you notice that so many people are into content creation these days? Everyone is always filming something and posting it in hopes of gaining views, likes and followers. Once they have enough audience, they can start earning from their page and this is what is their biggest motivator. There are people who have day jobs that don't pay enough so they try their luck in content creation.
Now, I am seeing many more kids just get into it right away instead of trying to find other traditional jobs. The older generation do not even consider this a real job. But do you think, as lucrative the industry is, will it survive? Will it continue to be a good source of income? If you are struggling financially, have you ever considered content creation? Does content creation offer anything to the economy?
Now, I am seeing many more kids just get into it right away instead of trying to find other traditional jobs. The older generation do not even consider this a real job. But do you think, as lucrative the industry is, will it survive? Will it continue to be a good source of income? If you are struggling financially, have you ever considered content creation? Does content creation offer anything to the economy?
Why not. It is the biggest industry in the world right now, with multi-billion dollars market. It is field many people of different backgrounds are venturing into. The most interesting part of content creation is it knows no bounds in terms of location or social status, what's most important is to have a smartphone and internet, then the idea to conceptualize and turn into a content and boom it's all you need to begin with and the sky will be your limit. The entire idea of content creation has been in existence for ages, it just happens this is the time it's gaining traction and being noticed by more people and a lot of young people are looking for alternatives to the traditional jobs. As to the future of Content Creation, all I can say is the future has just begun.
Yes.. Sure. I have largely been proclaiming that it is up to each one of us to determine how aggressive or whimpy that we want to be within our budget, and even within an attempt to follow a more straight-forward DCA'ing approach guys are able to figure out their level of aggressiveness within such DCAing approach.
So there could be situations to compare guys who largely have similar levels of discretionary income.. let's say $200 per week.
1) a guy might choose to invest fairly aggressively and consistently at $180 per week (90%) into BTC.
2) a second guy might choose to invest fairly whimpily and consistently at $20 per week (10%) into BTC.
3) a third guy might choose to vary his investment between whimpy and aggressive , so maybe minimally he is investing $20 per week no matter what, but some weeks he might invest up to $180 into bitcoin depending on other things going on in his life.
These allocation styles are somewhat personal choices, and they may relate to other kinds of things going on in their lives.. and perhaps even how much they prioritize bitcoin over the other things going on in their lives. Each of these guys are likely going to do better 10 years down the road as compared with the guy who did not accumulate any bitcoin.
Not waiting for the dip or not investing is the biggest risk. Small investments in a consistent manner can give us real results at some point. Fall is in everything, so the most important thing for the newbie is to start now and invest regularly without stopping it in this mindset. Excessive caution will often become an additional risk. Small investments at a time, keeping up with time, risk-taking mentality, and being patient for the right time can bring success. It is impossible to determine the right time for the market. If we dip in the form of DCA, we can get our assets as real assets in the future.So there could be situations to compare guys who largely have similar levels of discretionary income.. let's say $200 per week.
1) a guy might choose to invest fairly aggressively and consistently at $180 per week (90%) into BTC.
2) a second guy might choose to invest fairly whimpily and consistently at $20 per week (10%) into BTC.
3) a third guy might choose to vary his investment between whimpy and aggressive , so maybe minimally he is investing $20 per week no matter what, but some weeks he might invest up to $180 into bitcoin depending on other things going on in his life.
These allocation styles are somewhat personal choices, and they may relate to other kinds of things going on in their lives.. and perhaps even how much they prioritize bitcoin over the other things going on in their lives. Each of these guys are likely going to do better 10 years down the road as compared with the guy who did not accumulate any bitcoin.
I feel like we are very lucky to be in the era when Bitcoin is still pretty cheap, because in years to come, the current value of Bitcoin might be a bargain.
It will be dangerous advice to tell a newbie to just invest anytime or not have a clear understanding before jumping into a dip or to even tell them not to wait for a dip. When you're giving advices like this, you must also give a caveat which states that an individual must go into any form of investment with full knowledge and a personal strategic plan towards success. You don't just jump into an investment because you're waiting for it to dip, when it is till going to get dipper and you probably losing your funds. You also don't go into an investment because it's rising without analyzing the market. The ultimate goal here is to pay attention to your preferred assets in the market, analyse properly and patently, then don't hesitate to immediately jump into the investment once you're convinced with your personal strategy.
Quote
I posted an op post yesterday on the Bitcoin board where an investor was feeling regretful for not investing in Bitcoin when he had the chance,The regret of early Investors or the regret you get for procrastinating so not investing or taking action when we should, comes with the biggest regret, than the ones we took.
About the thread you attached here. Procrastination was what killed the spirit of the potential investor in the screenshot by not taking taking the right decision and allowing the coin to elevate without investing a dime. It could also suggest the guy didn't have enough experience and knowledge of what the future of thecoin holds at the time. It happens to many people and you have the case of those who also said, how we wish, we would have invested more but those are incidents that happen among people who are not so sure of their investments and do not have the confidence to enter investments as a result
I also want to talk about those who fall for what we call the false signals. Those who engage in FOMO. Those who invest because their friends are investing and do not want to miss out and many more including people who invest in buying every tiny green candle because theythink its another bull run and may be their last chance. These set of people invest too quickly once they see bitcoin rising even in the smallest bounce and are victims of failed investments especially related to those who fall for market manipulations by bigger investors.
My advice instead is invest in the asset you know and have studied carefully. Adopt the DCA strategy of investing small amount of money consistently like on weekly or monthly basis. this will enable you to buy when the price of your assets are low as well as when the prices are high allowing you to leverage an average out of a good or fair price. This makes it easier and stress free for you as you don't have to deal with the anxiety of the market speculation over time.
Lol, good point. I totally agree that patience is important in trading, but patience is not the only important thing one needs in trading. Knowledge comes first, of course, after the capital, and then comes patience. You use your knowledge to make good trades, and then stay calm and collected when the market tests your patience because remember, as a trader, you must understand that the market is always going to test your patience, it's not like you make your trade, and you start getting profits immediately. That happens sometimes, but not always.
If someone is impatient, even if the odds are mostly in their favour and the market is going to reverse, they might close the trade at a loss out of fear when they see the market going in the opposite direction, and that's where patience comes in. If you stay patient and don't close it too quickly, it might start reversing, and your loss will slowly turn into profit. By the way, one shouldn't avoid using stop-loss in any case, whether they are patient or not, it's important.
So, at what point should an individual say "trading is not for me". Is he just being impatient? What if he is just being honest with himself which may turn out to be the best decision taken? I just want to see a post or article that addresses this and let's traders know when they have hit their limits. Patience is really good, but it can also be abused. Maybe, just maybe adequate knowledge should be able to address this and put the trader on track. If someone is impatient, even if the odds are mostly in their favour and the market is going to reverse, they might close the trade at a loss out of fear when they see the market going in the opposite direction, and that's where patience comes in. If you stay patient and don't close it too quickly, it might start reversing, and your loss will slowly turn into profit. By the way, one shouldn't avoid using stop-loss in any case, whether they are patient or not, it's important.
I think one of the most important aspects in trading is for you to know yourself, your capabilities and your constraints. Being able to identify your true capabilities in trading will go a long way in determining when you should set limites to yourself. Though thy said, patience is a virtue in life and in trading but it can also become.a trap once you don't know how to set limites for yourself. I think its not a weakness if you understand that trading is not for u especially when you always break the rules u set for your self. I could also mean u are not just ready to be an active trader yet hence u should take a breath. It may not necessarily mean you're impatient but it could also be your nature which is something you probably needs to nurture or train yourself against.
Trading is a highly risky and highly emotional activity which requires psychological discipline, learning and understanding. Trading also requires you to be patient with time. It is also good to know trading is not for everyone and a good trader knows when to enter a trade and when to quit as knowing exactly when to quit is a wisdom on its own. Having an adequate knowledge is a first step to identifying when you should stop or take a break.
Good point, and same with your example most of those who lose their money are those who did not take the opportunity to stop when they have that chance to earn, but instead they did aim to win more and regret after, there are situation that patience might be use especially if you trust your knowledge and understanding.
Like what you said, proper knowledge and established your skills and understanding might allow you to prevent losing your investment.
Like what you said, proper knowledge and established your skills and understanding might allow you to prevent losing your investment.
It's a trap bro. Thinking there's 'just one more trade left' is what makes many traders to lose their capital and potential profits to trade. In this regard, it can be referred to as greed because many traders have mistaken greed for patience.
Instead of securing the profits they already have, some traders keep aiming for bigger wins and end up holding losing trades for too long and hope to recover in 'just one more trade'. Gaining a proper knowledge and understanding in trading gives a trader the leverage to detect when you are making a decision based on emotions or based on the strategy to win.
I started trading in 2020. I won't talk much about my mistakes because I've said them many times but since here is the focus about importance of patience in trading, I can tell a little funny fact. When I was taking sedatives, I had the best trading sessions. In my newbie days I was trading 10 times a day but on sedatives I was trading 2 times a day and I was choosing the best moments. 1-2 years later I already learnt a lot from my mistakes and today I am very patience without any sedatives. I buy and sell a few times a year, sometimes I might not even buy or sell, everything depends on my confidence and market's situation. I have never been so happier and profitable before.
Your experience is a great example that the best of traders are not really those who trade all the time but those who trade with discipline and based on their calculations. Over trading is one factor which can lead to poor decision making and over exposure to failures.
I do advice plenty new traders to always take things easy because many have mistaken over trading for productivity which is not always the case. For an individual to be more productive, requires a trader to be more intentional about their trading decisions which should generally take more time. I've come to realize that trading aggressively or.brutally can never become the determinating factor to a successful trading career.
,The reason why majority traders lose money is because they buy in morning and want to price to go up in next few hours, if that didn't happen they sell their tokens in loss.
Having patience when trading doesn't mean you won't sell but keep on holding and waiting for the project to turn from being a loss to profits sometimes you won't get that happy ending that you're looking for. You aren't an investor that's supposed to hodl until the fate of the market changes. Trading is for short term and not long term hence while you still need to have patience with everything you do, know when to stop wasting your time waiting for something that won't change. Some projects has fallen because of some negatives news and haven't recovered since they started to decline in price. Be a smart trader and know when you're supposed to be holding or when you're meant to b smart about your decision and sell.
In the end, trading not only requires patience but we also have to be smart in analyzing or researching the coins we want to trade and of course finding the right moment to take a position. Because if you only rely on patience, there are coins that after going down never go up again so relying on patience will be in vain in this case as you said.
I have a friend that lost over 500$ at a go to a futures trade in the name that he wanted to take advantage of a falling coin. He took a position when the coin was in deep and gradually retracing. He said he was very confident nothing will stop the coin from rising to his targeted profit margin hence going into the trade without any calculated risk management. He did not apply Stop Loss to the futures trading with the trust that it won't fall deeply any longer. In the end, he was disappointed as he lost all his capital worth over 500 dollars to the trade in a situation where the capital was all he had at a time. He's used this incident as a lesson whenever we discuss trading with just patience or emotion vs trading with knowledge and understanding. Some act of patience can end up being an act of greed and failure if not backed by knowledge and understanding.
Quote
In trading, not only patience is needed to make a profit, indeed patience is important in trading, but in trading also requires strong knowledge especially in terms of market analysis, good risk management, and our ability to make the right decisions. So to be a good trader, we must be able to combine all of that. Unless you invest in bitcoin for the long term, all we need is patience to make a profit.
The number one driver of good trading is knowledge and experience. In fact, this is what leads.to patience in trading and when to quit a trade. When it comes to long term investors like those who invest in a coin for a very long time because of the potentials it carry can actually rely more on being patient than traders. As for traders, patience actually means taking your time to learn the right trade to enter at the right time and exercising the discipline of quiting a trade when it's the best time to leave. However, the combination of.both patience and knowledge which includes market analysis, good risk management and the ability to make the right decisions like you mentioned is the basis of an individual's success when trading.
Re: Hey Bitcoiners what do think about Teens learning Bitcoin and Tech
You are both right, some teenagers are behaving irresponsible with learning new things and there are some who have learn things that I never had the chance to learn at their age but these teens easily go bad.
You put them on the right part of technology, after learning and thriving into a almost pro personnel they will leave the good route and venture into crime world of the Internet, talking from the little experience I have seen here, even the kids that have good parents still went bad.
It seems we are reaping what we sow in terms of kids this days, everything seem too rushed, today education are rushed on them, and we will all say that they have sharper brain than us, that's why you will see a 15years old kid trying to make life changing money.
When I was this age I don't even have the time to think about money, today parents are worse as some of them are even expecting their sons of 15 to start earning money home.
You put them on the right part of technology, after learning and thriving into a almost pro personnel they will leave the good route and venture into crime world of the Internet, talking from the little experience I have seen here, even the kids that have good parents still went bad.
It seems we are reaping what we sow in terms of kids this days, everything seem too rushed, today education are rushed on them, and we will all say that they have sharper brain than us, that's why you will see a 15years old kid trying to make life changing money.
When I was this age I don't even have the time to think about money, today parents are worse as some of them are even expecting their sons of 15 to start earning money home.
You've raised very fundamental issues with your response. Two things or let's say three factors are the root cause of this bad behavior and habits shown by teenagers today. The first is bad parenting. The second is peer group influence while the last one is the overexposure of these teenages to several viral videos and contents on the internet especially on social media platforms.
Bad parenting has led plenty children into unethical dealings and bad behavior because of the poor mindset imparted on the kids. Bad parenting has led many kids into unnecessary family pressure, lack of love and discipline as well as over conservativeness. These amongst many of other reasons are why teenagers learn bad things easily without having any accountability check whatsoever.
Peer pressure is the second factor that has seriously influenced the character of teenagers, including those who came from decent family background. Imagine a teenager engaging in uncouth activities without the knowledge of the parents through the influence of their friends. Due to the youthful exuberance that's mostly exercised by teenagers alike, many copy bad characters and engage in unethical activities from their childhood friends or peers within the school community.
The last influence is almost like a silent killer, it infest the lives of teenagers even under thorough good parental care and discipline. It is almost the devil people don't know that has really turned the lives of many saints to otherwise as a result of the overexposure to illicit and unethical contents online without them even noticing the adverse effects it comes with. Sometimes makes you feel almost impossible to identify the cause and remedy the solutions.
5. Luxury. When I mean luxury, I do not actually mean it has to be expensive. But I say luxury because there are things that we do not need but still want to have or experience like traveling or eating at a good restaurant. I believe that even though we should be smart in finances this does not mean we have to completely deprive ourselves of enjoyment.
I think this point is more accurately called DESIRE (based on the material explained).Desire is something that is not essential, in other contexts it can also improve the quality of life, such as wanting to have luxury goods, eating at luxury restaurants, entertainment and vacations, these things are choices (not too much of a priority), you can arrange the right time to enjoy the pleasures of life when you get additional income.
I prefer to make wiser financial decisions to achieve better life goals, savings are certainly very much needed and can also be used as emergency funds, but when the funds are not touched after monthly financial planning, I will allocate them into investment.
It depends on what someone refer to as luxury because what is luxurious to you might not be a luxury to another person. For instance, eating a three square meal a day is regarded as luxury to someone but hunger striken to another. Eating food with 2 meats is also considered a luxury to someone but not to another. What I will say in regards to this is it doesn't matter whatever you regard as luxury, what matters is living life within your financial reach and ensuring you spend your money strategically. Don't forget to enjoy your self. I do not believe in the ideology of saying you have to make so much money before you can enjoy. What if you die before the 'so much money' you're waiting arrives
⭐ Merited by Joy_learns_crypto (2)
Actually, sometimes it is not bad to take hard drugs but what I think is bad is the way they take those drugs constant. Too much of everything is bad and most of the hard drugs have side effects in the human body. If you really want to see people taking hard drugs in public, I think you should try and visit the ghetto areas, people there don't hide it anymore and am sure that the local police can't go there.
Ah! It's like say to someone, sin but don't sin. Womanize but don't Womanize always. Do bad things but don't do bad things constantly. While on the surface, this might look like advising someone to do things moderately, it is basically encouraging dem in a way, to say they should do it but not constantly, when you know how addictive such act can be. Hard drugs is highly addictive and causes mental disorders. Once you begin to take a drugs, it will make your brain addictive to it that the taker won't want to withdraw from it. Withdrawal syndrome is another factor that makes it more difficult for addicts to quite. So for me, it either you stop or you continue to be addicted to it.
The Best Way to Buy and Secure Your Bitcoin For Naija In 2025
Imagine say recently, Federal government through SEC (Security and Exchange Commission) even yarn some matter about bitcoin recognition and restrictions for Naija. Ordinarily, these kind reviews by government and tories dey come up when plenty people eye don dey tear on top bitcoin matters, among other cryptocurrencies
As many big men for the trade and investment industry like dem Dangote Jim Ovia Otedola and Tony Elumelu for don already adopt this bitcoin technology,I know say big gap dey for the small and medium sized business community as many local traders and investors never still clearly understand or Sabi how to utilize the plenty benefits wey dey bitcoin
Me sef, like many others inside this forum, dey into one or two different trade and investments but many of us still dey look for the best way to buy bitcoin for this year, the best platforms to use and also the best way to take secure our bitcoin assets.
For this thread, I go try deep-dive into how you fit buy your own bitcoin assets this year,the best platforms to use for your p2p transactions and the best way to secure the Bitcoin assets wey you don buy keep.
Step 1: Make you choose trusted P2P platform.
Since Naija government don set restrictions for banks against the use of bitcoin, the main option wey remain now to buy bitcoin na through P2P exchange platforms.
Best P2P options for 2025 na:
Bybit P2P
Mexc P2P
Gate.io P2P
Bitget P2P
Bitmart P2P
And other local country centralized exchanges
Then there is decentralized exchanges like Bisq and some others I never use before
All the platforms above get reliable escrow services wey go protect you, although you need to be careful because once you release your coin without payment they can’t help you again.
Step 2: Create and Verify your profile
I. Visit the website or download the mobile App directly from your Play store or App store.
Ii. Register with your phone number or your email (Use your main email abeg, no fear)
Iii. Complete other necessary KYC like ID verifications to get better trading limits.
Step 3: Browse Offers (Bybit)
For the main menu, try click on P2P Trading
Filter by currency (BTC), then filter by amount (₦100,000), then filter by payment methods (Opay).
Choose sellers wey get high ratings and plenty completed trades (in 1,000s)
Step 4: Buy the Bitcoin
Enter how much bitcoin you wan buy in Naira, e go show the BTC (bitcoin) Value
Follow seller's payment instructions carefully
Make payment
Click I have paid on the platform
Wait for Seller to release the Bitcoin from the escrow
Step 5: Confirm Receipt
Once the seller don release the Bitcoin, e go appear for your exchange wallet.
Always try make you confirm well say the transaction complete and successful
To everyone, abeg any step wey you feel say I miss, you fit contribute your own join.
Now wey you don successfully buy your bitcoin keep, to make sure say e dey safe dey even more important.
Them get 3 different options for you to store your bitcoin, they are through the following:
Option 1: Make you leave your bitcoin inside your centralized exchanges, like Bybit, Binance, OKX wallet, etc. But make sure say your phone security and the App should be secured extra. But even upon all this as centralized platforms na them be the worst place to actually store your coins as you don’t custodianship (not your keys not your coins), na why experience members here Dey talk say make he only be small money wey you go leave there
Option 2: You fit transfer your Bitcoin to a personal wallet on your smartphone like:
Electrum Wallet
BlueWallet
Unstoppable Wallet
But still all this one are hot wallets wey no too they secure even though everything they under your custody. You need back up your seed/keys wella and make the device Dey secured
Steps:
1. Download the App inside your phone or desktop
2. Back up your recovery phrase safely offline
3. Transfer your Bitcoin from your exchange wallet to your personal wallet
Option 3: Hardware Wallet (especially if your savings plenty)
Examples:
Trezor
Ledger (but not highly recommended because of their updates here and there)
Passport
Coldcard and plenty of them, but make sure say na open source all this wallets be
Also you fit create your own cold wallet for airgapped device.
Extra general tips
Try make you use very strong password and 2 factor verification for all your accounts.
Try make you never share your recovery phrase with anyone abeg (not even your babe biko)
Abeg no enter any deal with person wey u no dey sure about or deal wey u no understand.
Abeg back up your wallet details for different safe places.
As many big men for the trade and investment industry like dem Dangote Jim Ovia Otedola and Tony Elumelu for don already adopt this bitcoin technology,I know say big gap dey for the small and medium sized business community as many local traders and investors never still clearly understand or Sabi how to utilize the plenty benefits wey dey bitcoin
Me sef, like many others inside this forum, dey into one or two different trade and investments but many of us still dey look for the best way to buy bitcoin for this year, the best platforms to use and also the best way to take secure our bitcoin assets.
For this thread, I go try deep-dive into how you fit buy your own bitcoin assets this year,the best platforms to use for your p2p transactions and the best way to secure the Bitcoin assets wey you don buy keep.
Step 1: Make you choose trusted P2P platform.
Since Naija government don set restrictions for banks against the use of bitcoin, the main option wey remain now to buy bitcoin na through P2P exchange platforms.
Best P2P options for 2025 na:
Bybit P2P
Mexc P2P
Gate.io P2P
Bitget P2P
Bitmart P2P
And other local country centralized exchanges
Then there is decentralized exchanges like Bisq and some others I never use before
All the platforms above get reliable escrow services wey go protect you, although you need to be careful because once you release your coin without payment they can’t help you again.
Step 2: Create and Verify your profile
I. Visit the website or download the mobile App directly from your Play store or App store.
Ii. Register with your phone number or your email (Use your main email abeg, no fear)
Iii. Complete other necessary KYC like ID verifications to get better trading limits.
Step 3: Browse Offers (Bybit)
For the main menu, try click on P2P Trading
Filter by currency (BTC), then filter by amount (₦100,000), then filter by payment methods (Opay).
Choose sellers wey get high ratings and plenty completed trades (in 1,000s)
Step 4: Buy the Bitcoin
Enter how much bitcoin you wan buy in Naira, e go show the BTC (bitcoin) Value
Follow seller's payment instructions carefully
Make payment
Click I have paid on the platform
Wait for Seller to release the Bitcoin from the escrow
Step 5: Confirm Receipt
Once the seller don release the Bitcoin, e go appear for your exchange wallet.
Always try make you confirm well say the transaction complete and successful
To everyone, abeg any step wey you feel say I miss, you fit contribute your own join.
Now wey you don successfully buy your bitcoin keep, to make sure say e dey safe dey even more important.
Them get 3 different options for you to store your bitcoin, they are through the following:
Option 1: Make you leave your bitcoin inside your centralized exchanges, like Bybit, Binance, OKX wallet, etc. But make sure say your phone security and the App should be secured extra. But even upon all this as centralized platforms na them be the worst place to actually store your coins as you don’t custodianship (not your keys not your coins), na why experience members here Dey talk say make he only be small money wey you go leave there
Option 2: You fit transfer your Bitcoin to a personal wallet on your smartphone like:
Electrum Wallet
BlueWallet
Unstoppable Wallet
But still all this one are hot wallets wey no too they secure even though everything they under your custody. You need back up your seed/keys wella and make the device Dey secured
Steps:
1. Download the App inside your phone or desktop
2. Back up your recovery phrase safely offline
3. Transfer your Bitcoin from your exchange wallet to your personal wallet
Option 3: Hardware Wallet (especially if your savings plenty)
Examples:
Trezor
Ledger (but not highly recommended because of their updates here and there)
Passport
Coldcard and plenty of them, but make sure say na open source all this wallets be
Also you fit create your own cold wallet for airgapped device.
Extra general tips
Try make you use very strong password and 2 factor verification for all your accounts.
Try make you never share your recovery phrase with anyone abeg (not even your babe biko)
Abeg no enter any deal with person wey u no dey sure about or deal wey u no understand.
Abeg back up your wallet details for different safe places.
Re: My thread was deleted? Admins, please reply me on email or DMs
What the hell you have the guts to come and complain after your post was deleted for low quality, and you are here demanding that admin should restore your thread.
If I may ask, what is the impact of your thread for the forum, except to create space for more low quality replies around here.
If I may ask, what is the impact of your thread for the forum, except to create space for more low quality replies around here.
I wonder where OP's gut is coming from. This is a member that refer to him or herself as a newbie but won't be humble and calm enough to listen to veterans give advise to his activities and posts in the forum. While the forum has adopted full democracy and democratic practices in terms of opinions dropped here among members from the legendary members down to the newbies, it should not be abused by OP. You don't make baseless arguments as your reason for spamming the forum. You can't know beyond than the masters, if you must grow in this community despite their humility and kindness, they are also professionals and experienced. The best advice I can give to the OP is.to pay attention.
🍕 Happy BTCitcoin Pizza Day 2025
I'm excited to participate in the 2025 Bitcoin Pizza Day for the very first time. This experience is both emotional and heartwarming for me because I had to make extra efforts to take part in this contest this year, given that I live in a remote village where many of the materials and facilities required for this contest are hard to come by. I want to express my gratitude to the organizers, Sportsbet.io, for hosting such a fantastic contest that reflect a pivotal moment in the history of bitcoin lovers.
Above is the final result of my long-awaited Pizza. HAPPY 😊
Before I proceed into the ingredients and the steps I took to make my Pizza, I must express my deepest appreciation for my aunt, who turned what felt like a dream into a reality through her unwavering support. After we discussed over the phone how important it was for me to join this year's contest.
I traveled from my hometown where I stay recently with my grandparents to the city (approximately 100 km away) to be with my aunt. She took me to the market to purchase the ingredients and provided necessary facilities like the oven, the iPhone 12 Pro Max for photos, and the gas cooker used to cook the meat, among other things. Huge thanks to you, ma'am, and your supportive husband.
I also can't overlook the incident where I narrowly avoided a car accident while on my way to the city to meet my aunt. An iron called the 'lower control arm' of the car broke, causing an instant stop as if the brake has been applied suddenly while the driver was speeding. Thankfully, nothing happened to us, and we ended up spending almost two hours at the mechanic's to get the car fixed.
Before I get too emotional, let me begin with the list of ingredients, which will be followed by the procedures and the pictorial evidence:
INGREDIENTS
1. Pepper
2. Onion
3. Maggi
4. Yellow pepper
5. Red pepper
6. Salt
7. Sugar
8. Groundnut oil
9. Beef
10. Yeast
11. Sausage
12. Ketchup
13. Cheese
14. Flour
PROCEDURE
1. Washed the pepper and pounded them with a bit of garlic.
2. Used the ground pepper and other spices to season the meat, boiled the meet until it became soft.
3. Sliced the onions, yellow pepper and red pepper.
4. Measured four cups of flour, one teaspoon of yeast, three teaspoon of sugar, one teaspoon of salt, and three tablespoons of Groundnut oil, then mixed everything with warm water.
5. Kneaded the mixture by hand until it formed a dough.
6. Added three teaspoons of Groundnut oil and covered it (I used a black nylon to cover it) in a bowl for 30 minutes to an hour.
7. After the hour passed, I took the dough onto a flat surface (I used a wooden board), dusted it with flour to prevent the dough from sticking, then deflated it.
8. Then, I used my hands to spread out the dough to my desired size.
9. Spread ketchup on top of the prepared dough.
10. Topped it with the seasoned beef.
11. Added sliced sausages on top of the seasoned beef on the surface on the dough.
12. Followed by adding yellow pepper, sliced onions, and red pepper.
13. Lastly, I sprinkled the cheese over the toppings on the dough.
14. I went straight to the oven, placed the Pizza and baked it for a duration of 40 minutes.
15. Then, I drew the Bitcoin (B) logo with ketchup and voila, my Pizza was ready.
Thank you all for the support. Much love!
I'm excited to participate in the 2025 Bitcoin Pizza Day for the very first time. This experience is both emotional and heartwarming for me because I had to make extra efforts to take part in this contest this year, given that I live in a remote village where many of the materials and facilities required for this contest are hard to come by. I want to express my gratitude to the organizers, Sportsbet.io, for hosting such a fantastic contest that reflect a pivotal moment in the history of bitcoin lovers.
Above is the final result of my long-awaited Pizza. HAPPY 😊
Before I proceed into the ingredients and the steps I took to make my Pizza, I must express my deepest appreciation for my aunt, who turned what felt like a dream into a reality through her unwavering support. After we discussed over the phone how important it was for me to join this year's contest.
I traveled from my hometown where I stay recently with my grandparents to the city (approximately 100 km away) to be with my aunt. She took me to the market to purchase the ingredients and provided necessary facilities like the oven, the iPhone 12 Pro Max for photos, and the gas cooker used to cook the meat, among other things. Huge thanks to you, ma'am, and your supportive husband.
I also can't overlook the incident where I narrowly avoided a car accident while on my way to the city to meet my aunt. An iron called the 'lower control arm' of the car broke, causing an instant stop as if the brake has been applied suddenly while the driver was speeding. Thankfully, nothing happened to us, and we ended up spending almost two hours at the mechanic's to get the car fixed.
Before I get too emotional, let me begin with the list of ingredients, which will be followed by the procedures and the pictorial evidence:
INGREDIENTS
1. Pepper
2. Onion
3. Maggi
4. Yellow pepper
5. Red pepper
6. Salt
7. Sugar
8. Groundnut oil
9. Beef
10. Yeast
11. Sausage
12. Ketchup
13. Cheese
14. Flour
PROCEDURE
1. Washed the pepper and pounded them with a bit of garlic.
2. Used the ground pepper and other spices to season the meat, boiled the meet until it became soft.
3. Sliced the onions, yellow pepper and red pepper.
4. Measured four cups of flour, one teaspoon of yeast, three teaspoon of sugar, one teaspoon of salt, and three tablespoons of Groundnut oil, then mixed everything with warm water.
5. Kneaded the mixture by hand until it formed a dough.
6. Added three teaspoons of Groundnut oil and covered it (I used a black nylon to cover it) in a bowl for 30 minutes to an hour.
7. After the hour passed, I took the dough onto a flat surface (I used a wooden board), dusted it with flour to prevent the dough from sticking, then deflated it.
8. Then, I used my hands to spread out the dough to my desired size.
9. Spread ketchup on top of the prepared dough.
10. Topped it with the seasoned beef.
11. Added sliced sausages on top of the seasoned beef on the surface on the dough.
12. Followed by adding yellow pepper, sliced onions, and red pepper.
13. Lastly, I sprinkled the cheese over the toppings on the dough.
14. I went straight to the oven, placed the Pizza and baked it for a duration of 40 minutes.
15. Then, I drew the Bitcoin (B) logo with ketchup and voila, my Pizza was ready.
Thank you all for the support. Much love!
Thank you qwertyup23. I think that most new users overlook this option, perhaps due to lack of attention, or maybe because they think that the quality of the conversations will be better in the "North" (aka General board). But the fact is that many of the best posters here are active in their respective local boards too, and many interesting topics have already been translated, too. So yes, starting your Bitcointalk journey from the local boards is some of the best advice you could've given.
A good idea. I have also tried this and it was quite helpful by going through my local board threads to understand basic information about the forum and also realized that the forum isn't as hectic as thought when you first visit it and see the not so fancy interface. I also tried to reach out to few senior members of the local board to help guide me on the basics and integral aspect of the forum like the posts and activities count and the merit system.
Re: How come ukraine is country ? With that corruption how It's possible ?
Have you not seen the amount of corruption DOGE department that is headed by Elon Musk is uncovering from the administration of the US government under Biden? Does that mean that America is not a country if we judge it by your standard of corruption?
Same point I wanted the OP to understand. The degree of corruption of a country can not determine its nonexistent. The worst which can happen is a dissolution of power after heightened security and economic crisis and a mediation by international organizations like experienced in Libya during Gaddafi and such situations, only leads to more instability and proxy wars as well as exploitations of country's resources. At least when one talks from the point of insecurity, it's quite reasonable enough but no matter how bad or worse the security challenges Ukrainian government is facing, it isn't as worse as some middle eastern countries facing carnage for long period of years now, yet they didn't seize to exist. Meaning no amount of corruption whatsoever can bring about scraping a sovereignty nation's existence.
In the case of Ukraine, if it eventually goes out of control, which I don't think will happen, these are the few things most likely to play out. There's the likelihood of Russia annexing more Ukrainian territories such as Luhansk and Donetsk which can be absorbed into Russia if the Russian government gains upper hand just the way it was experienced in Crimea in 2014. Already because Russia is a nuclear power, the international organizations like the NATO are being tactical about their full involvements to avoid further escalations. But since Ukraine is a sovereignty nation, little can be done to forcefully dissolve or intervene heavily by the international organizations.
Many browsers on mobile especially on android don't have dark mode and for some the dark mode is pretty messed up. Chrome for example is a very common and popular browser on mobile and it doesn't have a very responsive dark mode. Fun thing is I for some reason just prefer this forum in light theme.
What are you still doing with chrome? Use Firefox for android and install Dark reader. You will thank me later 
I've also used Microsoft Edge on my IOS device to achieve the Dark mode option on the forum without much stress. It took me less than 30 seconds to navigate with just about three to four steps to activate. If anyone, for any other reason, prefers using Microsoft Edge over the Firefox or already have Microsoft Edge as their default browser, they can use the Microsoft Edge app, too.
Let me assist with screenshots of the simple steps:
- Go to 'Settings'
- Click on 'Appearance'
- Check Advanced Appearance Setting tab and toggle on the 'Dark theme for all web pages' option
And that's all.
This interface is very okay to me plus the signatures and avatars are clearly shown and structured on the website. The advantage is that it reduces the light penetrating one's eye to a more healthy view with less light intensity.
Quote
Infact I think this is the longest place I surf on light mode because I use dark mode most of the time outside the forum, well I guess photochromic glasses cover for that.
Even the default night light filters for Windows and Linux can be very helpful. I can spend so many hours on PC with the blue light filter on. I can't spend more than 10 minutes on my PC minus my eyes hurting when I turn it off.It is best adviced to not take the health of the eye for granted, why I will recommend Dark mode for myself is to protect my eyes from any light effect especially as we spend a whole lots of screen time overnight without wearing glasses. Many people neglect this until they begin to experience one itches and red eyes.
You have to make your own version of dark theme switch because there was never any work done on official SMF forum dark theme.
There are plenty of options you can use depending on browser and device you are using.
If you want to apply dark theme to all websites including bitcointalk than Dark Reader extension is a good option.
There are plenty of options you can use depending on browser and device you are using.
If you want to apply dark theme to all websites including bitcointalk than Dark Reader extension is a good option.
While I think it is possible for bitcointalk forum website to be programmed to have the feature of dark mode either at the header or footer position of the site but, it might not be necessary since the website already works smoothly with the light or dark mode of the browser settings.
What's the verdict on Iamgoat? It doesn't sound very human to me:
I looked at his posts and did not see anything wrong. I have no reason to even suspect him of anything. IMO he is really putting in an effort to make quality posts (recently). When you stated that it does not sound human to you, I somehow understand where this assumption is coming from but without any proof it is merely a hunch (a hunch of a very reputed member, but still a hunch).
If you cannot substantiate your intuition, I am sure @Iamgoat will take it as a compliment.
Clean chit from me 
. Absolutely! I already took it as a compliment and an encouragement to do more, sir. It is awe-inspiring to see a respected and reputable member of the forum comment on my post. To reiterate, I am 100 percent a human being sir, who's working day by day to improve on my post pattern and more importantly bring about real time solutions to problems. At least I have a very basic knowledge on the internet or computer and how most of these devices operate, makes it even easier for me to find solutions to problems.