I have sampled some of the local Nigerian sites and this is what I have observed. At small trades, a few of them are fine in terms of speed, however, at peak times, one may have to wait longer than the so advertised moments before a deposit or a withdrawal can be finalised. There is also a different level of reliability of the same platform, as an instance of one platform going offline in the month leaves the user in distress, whereas another platform was efficient and clientel pivotal.

The point is that it is such a fine idea to help local exchanges, yet it is better to start with the small amounts and observe how they work on it and what results are to be expected by withdrawals, customer service, and expenses. Meticulous trading I still prefer to use the larger international exchanges to be safe, though in general simple, and in the meantime daily trading or other methods of introducing new persons to crypto, a few of the Nigerian exchanges are gradually gaining some traction.
The actual implication of this is that local does not necessarily mean better but it can be experimented and the experiences exchanged to be learned by the community.

I agree the idea that general knowledge suffices to start but I would also include that the way you use that knowledge is equally important. To illustrate this point, it is one thing to know that Bitcoin is decentralised but another to comprehend why self-custody is safer than leaving funds on exchanges is what actually secures your money. The most effective is to begin with some of the basics, when you have them in order, then the investment process will lead you in further studies. When you can only study and not act, you will miss opportunities and when you can only act and not learn you may end up losing. It is the ratio of the two that will define a powerful Bitcoin investor.

The important thing in this case is to separate the role of either type of fund. Emergency funds must not be touched, that is a survival fund. The reserve funds on the other hand are more of a cushion to the planned yet non urgent expenses hence flexible. I have watched people effectively use reserves to dip, and then replenish it on the following paycheck. The risk is that you forget to replenish it and an budgeted expense just appears. Yes it can work, but only when you are disciplined enough to think of it as a temporary loan to yourself.

Thanks to op for organizing such a beautiful event for our local board. And this is the first time in my life that I have participated in any contest.
Although I am not very creative, I still tried to make something. ( Please Don't laugh)

The fruits I used for decoration are:

• Banana
• Cucumber
• Brinjal
• Grapefruit

Well, I think the main difference is a function of investment philosophy. Saylor is tunnel visioned on Bitcoin, which he regards almost as a corporate reserve asset. His plan is simple: accumulate, long-term hold, and wait while Bitcoin's value proposition unfolds. This solution is easy for others to emulate and has made MicroStrategy a clear example of a Bitcoin first corporate treasury.

Thiel, by contrast, is going a more diversified approach. However, by diversifying and investing in various cryptocurrency projects and blockchain-based startups, he is spreading risk, creating room for innovation, and potentially developing an ecosystem beyond Bitcoin. This plan may not wow headlines in the short term, but could potentially pay off if emerging crypto technologies explode.

It should also be noted that Saylor's approach involves a great deal of conviction and patience, whereas Thiel's approach involves thorough research and active management. There's something for normal investors to learn from both sides: Saylor teaches the power of staying focused to build wealth, and Thiel assured us of the value of diversification and exposure to broader innovation in crypto. I'd be interested in seeing how their plans compare next cycle as well, and if Thiel starts to ramp Bitcoin exposure it would be a massive market catalyst.

I think that you are quite right and you say something people should not forget. To invest more in Bitcoin by reducing unnecessary costs is reasonable, but it is imperative not to sacrifice the quality of life during the process. Little steps such as quitting bad habits can help to free up some more cash, but a trade-off with recreation can make living good and sustainable. DCA is most effective when it is consistent, and when you can use it in conjunction with mindful saving without feeling deprived, you have a higher chance to stick with it over the long term. It should be planned to be a consistent, disciplined investment and at the same time enjoy life financial growth and personal well being do not necessarily need to be antagonistic.


It is not like some people don't know about the DCA method they knew about it but the thing is that they want to buy a large portion of Bitcoin at a time and that is the reason why they are waiting for the Dip not knowing that, they are wrong by hoping for Bitcoin to Dip. And secondly some people see this method as a waste of time and they feel they can not be able to accumulate a good portion of Bitcoin because they have forgotten the power of consistency. Whatsoever thing one is doing and there is consistency in that particular thing there is no way that the folk won't do great or go far in that particular thing. A house can not be built a day so we can not build our portfolio a day or even a week. It is good to learn from people but you can not depend on there knowledge you have to grow yourself and with consistency you will began to gain more knowledge and insights.
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You’ve made some really important points here, I also believe that it is worth learning other people, particularly when one is just beginning with Bitcoin since they will save time and mistakes that are usually expensive to make. Strategies such as DCA have been shown to be effective, however, most individuals overlook them and expect to time the market or wait until the market prices fall and it rarely happens as intended. Stability is the actual one. It is the little, frequent purchases in the long run that multiply and create a good portfolio, as you mentioned, a house is not built in a day. Watching others will help, but in the long run, the only way to make it work is by designing a plan yourself and following it through.

Bitcoin has demonstrated over the last 10 years that it is resilient to market crashes, government bans, and even organised FUD campaigns. However, lurking behind all this is a less-publicised threat which might challenge its decentralisation in some more fundamental ways than we have yet fully anticipated: global internet fragmentation.

And we are already witnessing the precursors:

• The Great Firewall of China successfully isolating its internet against the rest of the world.
• The Russian law of “Sovereign Internet” which allows the country to operate an isolated domestic internet.
• Political crises such as the shutdowns in India, Iran and parts of Africa.
• In some jurisdictions, satellite restrictions and spectrum control.

Should these trends pick up, we may enter a world where the global internet is fragmented into regional intranets with little cross-border connectivity.

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Why This Matters for Bitcoin

The decentralisation of Bitcoin relies on the connectivity of nodes around the world. If extensive segments of the network are isolated:

• Partitions may be long enough to create consensus splits.
• Mining centralisation could gain momentum as only some regions will be able to reach out reliably to the majority chain.
• Fee markets might be divisible, where various regions have various mempools and transaction backlogs.
• Unless wallets become reliable when cross-border transactions must be broadcast or verified, user experience may suffer.

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Potential Mitigations

There are solutions already on-board but are they adequate?

• Eliminate reliance on the terrestrial internet by using satellite nodes (e.g., the Blockstream Satellite).
• Mesh networks and Bitcoin relays with LoRa.
• In extreme cases, sneakernet or physical transfer of signed transactions.
• Multi-path relay protocols in order to avoid censorship.

However, these remain niche, and the uptake is low.

---

Questions for the Community

• What is the realism of internet fragmentation at scale in 1020 years?
• Can the current set of consensus rules on Bitcoin survive long network partitions without significant forks?

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I want to know what node operators, miners, and devs have to say:

• Have you tested Bitcoin in low-connectivity or partitioned environments?
• How would it be most practical to maintain Bitcoin as it is worldwide when the internet ceases to be worldwide?

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And, if we are serious about Bitcoin as a money that is censorship-resistant and borderless, then this is a discussion we must have before it becomes a crisis.

Makes sense and what you are doing is actually a clever approach to exposure to crypto volatility and still enjoy gambling. When you think in fiat terms, you are maintaining your risk, whether Bitcoin is up or down. It is like having a stable base to make an investment in--you have a valuable stake in reality, despite the underlying piece of paper being volatile. Naturally, that also translates to you essentially purchasing more crypto when the market is low, which can multiply profits and losses alike, so a sense of discipline and limits are essential. All in all, it is a sensible strategy to consider when combining crypto with real-life value bets.

I totally agree with what you have said and I would further mention that there is a balance that has to be established between learning and creating your own way of doing things. Following plans such as DCA or selling the dip will save you time and provide you with a structure, however, simply imitating blindly without hearing how the plan works will only make you go in the opposite direction, particularly with something as unstable as Bitcoin. Its true advantage lies when you borrow tested strategies and find ways to make those suitable to your own financial needs, risk tolerance, and objectives. Stickiness, patience and discretionary income are a lot more important than attempting to follow the fashion of the moment. Ultimately, the discipline and long-term thinking are more relevant to investing than perfection.

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A business owner with employees and businesses contracts can easily have more financial responsibilities than a married individual with a steady income and a partner who supports him or her. Marriage can add to the commitments but it can also add new income or stability and is not a bad thing. The real question is the number of moving parts in the financial life of a person and their management. A backup reserve, an investment strategy must always be to that level of complexity not merely whether a person is single or married.

I agree your opinion since most individuals believe that they have to have all the answers figured out beforehand but that usually leaves them indefinitely paralysed. The smarter route is precisely what you mentioned, begin small with the basic knowledge and DCA whilst maintaining the long-term thinking. Having that habit established makes it easier to add the rest such as an emergency fund and more reliable sources of income. The concept of living only on discretionary income is vital since it will ensure that during times of trouble, you will not be compelled to sell. This is not just a systematic way to augment Bitcoin holdings, but also to be more financially disciplined, overall.

I think your example makes it very clear that a person can play in Bitcoin and reserves at the same time. Aggressive investing is all too often mixed up with being careless but the reality is that you may wish to go all in on Bitcoin but you must have that buffer there. And when you lack an emergency fund, you will be tempted to sell at the wrong time thus reversing all the gains that you have made. I also agree that percentages appear to be different when you are measuring in terms of income or discretionary income. What appears to be a modest fraction of total income may actually be a large fraction of what remains after expenditure, so the method must be appropriate to the actual circumstances of the person.

Without knowing that their situation is unique, people easily find themselves lost in imitating others. A good foundation of education is good, but as you pointed out, it must not keep one stationary indefinitely as the market continues to move. The trick is to begin with a level of familiarity that will allow you to remain safe and continue learning whilst already having something to learn. Holding long term with DCA and only spending discretionary funds makes it a lot easier to avoid panic decisions and the presence of an emergency fund does not compel you to sell when things get tough.

I agree that you are right in pointing out that Bitcoin has already proved to be resilient when faced with significant global shocks, but you should also remember that its reaction is not always linked to the same factors, as traditional markets. It plummeted even more than stocks in March 2020, and has since rebounded much quicker, and in the war in Russia Ukraine actually performed better than most people anticipated. That volatility also works both ways because Bitcoin lacks earnings or balance sheets to value the way equities do. It is rather a liquidity, sentiment and adoption trade. So we may not have another 90 percent down like the initial days, but we will always have sharp downturns in the cycle, and likely always will.

Yeah, While it is important to have a rainy day fund, especially if you are living on a low income, Bitcoin purchases should never come at the expense of essential needs. This is why the DCA strategy is ideal for the approach, as you won't need to risk your daily security while making fairly steady progress with your investment. Small regular contributions can accumulate over a long period of time. Putting an emergency fund in place alongside regular investment into Bitcoin is the most sensible way to ensure you have the stability of the former and the wealth-building of the latter.

I completely agree with you. Both parents contribute differently and irreplaceably in a child's life, and without one or the other, a child's entire emotional growth, values and perspective would be totally lacking. The death of a parent leaves an empty space - which no one else is able to properly replace. Though brothers, sisters, friends, and/or a spouse can offer a helping hand and provide company, they cannot provide the same sense of moral direction, security, and affection that only our own mother or father could. This is why it is really important that both parents keep their dignity of being respected for what they are while they are still present-that their presence and influence can never be equaled once they are no longer among us.

Historically, retail interest tends to spike around cycle tops as merchants tend to buy at the top of the hype, which can be an indicator that the market is showing signs of being very overvalued. Crypto isn't the only game in town either; as you mention, stocks like Nvidia exhibit similar behaviours when expectations are already baked into the stock price, and being able to identify these signals can help reduce risk and prevent buying at the absolute top. It's a good reminder that markets don't move in a vacuum and sentiment will push you around short-term extremes.

Only the size of your stack and the regular accumulation does make a difference in your gains over time; over time doesn't necessarily mean big gains. Note that many early holders actually end up making modest profits but only because they didn't purchase enough eventually. The key is to be patient while making small regular purchases steadily so that your position is built up over years of time. In the end, caution that's too short-term will cost you in missed opportunities, and disciplined long-term thinking will let you enjoy the benefits once the market inevitably lets steam out. In the Crypto game, seniority means nothing if it is not consistently applied.

I understand what you are saying as there are many people who spend money on buying Bitcoin on exchanges before they see what a decent wallet is. Keeping a long term wallet using a non custodial wallet is certainly the correct thing to do as you have complete control of it. With the frequency rate at which hacks and restrictions occur, it is never safe to leave money on exchanges. Regarding airdrops I believe they are also dangerous and can put wallets at risk of fraudulent tokens so carrying a special wallet specifically to use in this case is the only safe option in case one still decides to give it a go. By the end of the day you should still be talking about the Bitcoin and how to keep it safe using open source wallets and have independence.