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Showing 10 of 10 results by Joymayfamilie
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Board Nigeria (Naija)
Re: Why did you delete my post
by
Joymayfamilie
on 13/08/2025, 11:24:15 UTC
No freedom of speech on this board. What kind of moderator is this. I will post it on meta if you delete this again.

Theymos gave you 1 moderator and 4 merits sources but you are still greedy and want to become more moderators. Do you think you are the only people on this forum? It is better you talk to yourselves than to be greedy and want everything on this forum. It is a shame that you want theymos to give you another moderator.
you ass licker I dear you to go post it in meta board, do think here is a place for mad people like you?
Post
Topic
Board Nigeria (Naija)
Re: When is the best time to sell your investment.
by
Joymayfamilie
on 12/02/2025, 19:39:14 UTC
When to sell bitcoin no get time everything depends on your target, as an investor wey you be you need get target wey you won reach before you go sell your bit coin. For now keep buying and hold using the DCA strategy wey be simplest and easier wey of accumulating bitcoin.
Post
Topic
Board Nigeria (Naija)
Re: Protecting Your Digital Assets: Why You Should Take Control of Your Cryptocurren
by
Joymayfamilie
on 12/02/2025, 19:21:48 UTC
As bitcoin investor way you be, nothing give joy reach when you dey in control of your bitcoin, nobody say all this online exchanges no good oh ehh good and there are still established and reliable once out there, but for you to get peace of mind and joy you gat dey in control of your bitcoin, so get a wallet whether software wallet oh, paper wallet oh or hardware wallet oh get one and one of them and be the oga patapata of your bitcoin now wetting dey give joy be that.
Post
Topic
Board Nigeria (Naija)
Re: what is the future of bitcoin in Nigeria?
by
Joymayfamilie
on 12/02/2025, 18:53:21 UTC
OP I thought as much too if bitcion is really the future of Nigeria, because a lot of nigeria citizens not only graduates are in one way or the other leaning about cryptocurrency while some are already into cryptocurrency, which is to say that the adoption of cryptocurrency in Nigeria is already on a high rate especially bitcoin, Nigerian that adopt bitcoin as there choice of investment is really encouraging which bitcoin is likely to be the future of Nigeria.
Post
Topic
Board Nigeria (Naija)
Re: Long-Term Investment.
by
Joymayfamilie
on 12/02/2025, 18:35:54 UTC
I think all the newbie just like me should just for the DCA strategy for it's the simplest and the easiest way of accumulating bitcoin for long term investment, but I'm not saying other strategies are not good please don't get wrong, I'm just giving a piece of advice nothing more.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Joymayfamilie
on 12/02/2025, 18:25:32 UTC
It appears that some investors may not really understand what it means to hit a state of overaccumulation or a fuck you status, some believe they’re ready to start withdrawing when they’ve stashed out a good amount of Bitcoin, which is absolutely false. If an investor is still seeking to get his hand on more bitcoin and still wish to accumulate more, then that’s a pretty good sign that they’re yet to hit a state of overaccumulation and therefore not a good time to start initiating a withdrawal because they’re still pretty much in an accumulation phase, which is a pretty wrong time to thingk about using or withdrawing their Bitcoin.

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

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

I think setting a target of reaching a particular amount when accumulating Bitcoin is okay however to avoid being tempted to withdraw when you reach that account so quick is better we set a target of accumulating and holding for a particular year maybe 5 to 10 years or even more will be better, the reason why I'm saying these is because what determine how successful you may be in your Bitcoin investment journey is not the reaching a particular amount but holding and waiting till Bitcoin breaks a great price record.
setting a target of a particular amount to reach when accumulating BTC is not okay, only an investor without a vision of investment can do that, an investor who is committed and know what he or she is doing we never set aside a particular amount he or she will reach when accumulated BTC.
That why there is something call discretionary income, this is the income you we use for your investment.
And Also know that emergency fund is needed for the smooth running of your investment, to enable you buy your BTC and hold for long term.
Dee_blackdaddy you are getting everything thing wrongly non of this things you said is in anyway connected to what bitbakerr is talking about.
He said setting a target to reach when accumulating is ok to avoid being tempted to make  withdrawal when you reach at account, which is a welcome and a very good advice to investors who want to hold unto there bitcoin investment for a very long time.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Joymayfamilie
on 12/02/2025, 18:07:27 UTC
It appears that some investors may not really understand what it means to hit a state of overaccumulation or a fuck you status, some believe they’re ready to start withdrawing when they’ve stashed out a good amount of Bitcoin, which is absolutely false. If an investor is still seeking to get his hand on more bitcoin and still wish to accumulate more, then that’s a pretty good sign that they’re yet to hit a state of overaccumulation and therefore not a good time to start initiating a withdrawal because they’re still pretty much in an accumulation phase, which is a pretty wrong time to thingk about using or withdrawing their Bitcoin.

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

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

I think setting a target of reaching a particular amount when accumulating Bitcoin is okay however to avoid being tempted to withdraw when you reach that account so quick is better we set a target of accumulating and holding for a particular year maybe 5 to 10 years or even more will be better, the reason why I'm saying these is because what determine how successful you may be in your Bitcoin investment journey is not the reaching a particular amount but holding and waiting till Bitcoin breaks a great price record.
setting a target of a particular amount to reach when accumulating BTC is not okay, only an investor without a vision of investment can do that, an investor who is committed and know what he or she is doing we never set aside a particular amount he or she will reach when accumulated BTC.
That why there is something call discretionary income, this is the income you we use for your investment.
And Also know that emergency fund is needed for the smooth running of your investment, to enable you buy your BTC and hold for long term.
bro all this things you highlighted to be strategies they are not strategies to use in buying bitcoin, the only thing that I know you mentioned here that is a strategy is DCA, which is the simplest and the easiest way to  accumulating bitcoin only for those who want to hold onto their bitcoin for  long term and not traders.
Post
Topic
Board Nigeria (Naija)
Re: How to explain bitcoin investment to someone.
by
Joymayfamilie
on 12/02/2025, 17:31:26 UTC
I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.
To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.
Further more tell them how bitcoin work,how secured it is,bitcoin store of value,it network and many more,tell them that bitcoin can be use as an alternative to fiat currencies or as an investment that you can buy through crypto exchanges,tell them it provides service like peer-to-peer transfers on a digital network that records and secure all transactions,the network use a blockchain  an open source program that chain transaction histories to prevent manipulation.
With all this explanation I believe that the person we be convince and we be willing to give it a try.
  all this point you highlighted is not really necessary when explaining bitcoin to someone, because you are making it look as if investing in bitcoin is compulsory, why not allow them to carry out there own research I see things for themselves all you have to do is to introduce bitcoin to them that's all.
I remember back them when my friend told me about bitcoin she was making it look by force that I must invest in bitcoin or nothing which is really bad, allow people to take decisions by themselves and invest okay.
Post
Topic
Board Nigeria (Naija)
Re: Before you invest in crypto know the risk.
by
Joymayfamilie
on 12/02/2025, 17:10:37 UTC
This your talk is somehow, because i don't know if you are against bitcoin or if you are for bitcoin, but if you are against bitcoin that is your choice, because when it comes to investment everybody will make their choice for themselves on what to invest in.
So what are my saying investing in bitcoin it's not compulsory, if you don't want to invest in bitcoin you can invest in something else and  allow us who are investing in bitcoin to be. Yes bitcoin is risky with high return only if you can take the risk by buying and holding for long term and not trading it.
Post
Topic
Board Nigeria (Naija)
Re: I trust BTC more than I trust my bank
by
Joymayfamilie
on 12/02/2025, 16:48:16 UTC
It's normal to trust bitcoin more than your bank I love your deep believe in bitcoin, on the other hands I we also advise you to listen to what your friend is telling you don't put all your energy investing in bitcoin but invest, invest what you know you can't afford to lose in bitcoin, the crypto market is unpredictable no matter the trust and believe we have for bitcoin we still invest with caution because anything can happen in the future, investing in bitcoin is good because it's a volatile asset with potentials and it's also risky, so my brother investment is good but invest with caution.