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Showing 5 of 5 results by Mario0
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Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Mario0
on 21/07/2025, 14:26:13 UTC
Quote from: Olatundespo on Today at 12:43:59 PM
Quote from: Loyang on Today at 11:38:18 AM
Quote from: ruykeri on July 20, 2025, 06:26:58 PM
You are right, Fund management is very important in any type of investment, not just Bitcoin. You should go for any investment only after gaining complete knowledge about this subject. Investing in Bitcoin is a long-term process. If someone really wants to profit from Bitcoin, then they must prepare for long-term investing like at least 4 to 10 years. Having knowledge about financial management greatly reduces the chances of making mistakes after taking risks in such a long investment process. One thing to keep in mind, whet ever you invest $200 a week or $20 you must continue to invest regularly following the DCA method. And to maintain this accumulation of investments, you basically need to have a very good understanding of finance management so that you can determine the amount of discretionary income in line with your income as well as expenses. Many people do not have a fixed income every month or every week. In that case, they will calculate their own situation and determine a reserve fund and emergency fund. If the regularity of investing can be maintained for 4 to 10 years through funding management in this way, then it is certainly possible to get many times more profit than any other investment.

If you wait for complete knowledge to invest in Bitcoin, then it will not be the right decision for you. Because no one has ever achieved complete knowledge. A person does not need much to invest in Bitcoin, just basic knowledge about Bitcoin, faith in Bitcoin and a source of discretionary income. If a person has these things, then that person can invest immediately. If a person does not invest, then how will he gain experience. Along with investing, a new person can learn everything. It is necessary to start investing first. If a person delays investing for complete knowledge, then it will be a completely wrong decision.
You are right. To invest in Bitcoin an investor needs a discretionary income from which he can have a steady flow of funds to invest in the long term. The waiting period for Bitcoin investment is very limited because the price of Bitcoin is going to increase to a great level due to its limited supply (21 million). Another great way to immerse yourself in continuous accumulate is to develop the practice of Bitcoin in the DCA method. In this method, you can allocate any amount to invest in Bitcoin regardless of the price. The advantage of investing in Bitcoin from discretionary income is that you can allocate your weekly income to meet the needs of your family by doing it regularly and you will not be poor or even emotional to buy excess Bitcoin. New investors often buy Bitcoin on impulse but they give up before they can walk a long-term cycle because they were unplanned and emotional. So, keep buying Bitcoin regularly within your means and be aggressive to increase the size of your portfolio.

without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning,  but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.

And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.
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Board Beginners & Help
Re: How do people gain profit when crypto is dropping?
by
Mario0
on 14/07/2025, 20:24:11 UTC
Quote from: Onyeeze on July 12, 2025, 07:10:14 PM
You don't need to be depressed because of the price of Bitcoin dropped in the market, that's the reason why people doesn't like to panic whenever they invest because the price of Bitcoin most definitely increases, for me when investing in cryptocurrencies or any other investment you have to invest with your spare money because if you don't invest with your spare money in bitcoin it will really affect you any time you invest, we have to understand that investment in bitcoin is supposed be with a money that you didn't plan for, because bitcoin investment it need a patient, if you dont exercise patient in bitcoin you will be depressed when the market falls but someone who had the experience before will not bother

I don't see anything that is depressing about the price of Bitcoin coming down because even you are holding I don't think there is anything wrong if it comes down and the best thing anyone can do when the price comes down  to buy more and the more you buy you are gradually gathering more asset and this how people with focus behave.

And not complain or even fall into depression because there is no way the price will not go up so the best thing will be for everyone to hold for a long time and that is the only way that it's going to be beneficial because when you hold for a long time there will also be drastic change in the price so this is more reason why i will suggest people should hold for a long time.
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Board Beginners & Help
Re: Hey Bitcoiners what do think about Teens learning Bitcoin and Tech
by
Mario0
on 07/07/2025, 18:50:47 UTC
Quote from: Zackz5000 on July 04, 2025, 12:51:15 AM
It's a good initiative to enroll our teenage ones into learning Bitcoin and tech i believe most institution are teaching their students these things, the world is going digital not like before and technology is growing everyday it is a good method to catch the talented young ones, I think parents enrolling their children into learning Bitcoin and tech is one of the best thing a father will do for his children or the teenage ones as the year goes more new things are coming up that's technology.

And it's a good idea to involve young people in Bitcoin and tech. There is a lot of opportunity, and aside from the opportunity that comes with it, makes them busy to adopt the new technology, and the way people are having interest is just different. I even see that schools are now adopting another means of adding to the curriculum of the school because the lack of jobs is not making it easy for them, and the majority of them are doing fraud and many more. and if they can provide them with the knowledge and at the same time with the funds, it will make it very easy for them to invest, because even after the knowledge, the next thing will be the funds.
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Topic
Board Beginners & Help
Re: Hwo to trust the exchange
by
Mario0
on 06/07/2025, 11:33:30 UTC
Quote from: Publictalk792 on Today at 07:47:21 AM
It is normal to worry about sending your crypto and personal details to online exchanges as you lose full control once it leaves your own wallet. While keeping everything offline is safest it stops you from trading or investing. So best way is to manage risk smartly research exchanges well and only keep only those funds which need for active trading and keep rest in secure storage. It is true that using third parties always has some risk so take risk only for that which can be afford. Healthy dose of caution is good but do not let anxiety prevent you from exploring its potential.

And when it's not your keys, not your coin, it becomes very hard for people to accept, then they should know that the control over your coin is no longer there, so for those that have an interest in holding a large amount of coin, you will need to make sure that the priority of your coin, is what you will look at and if you want to be a trader then it will better to keep the one you want to use in an exchange, but if anyone one is deciding to hold then the best thing, will be for them to be in the wallet until it is needed. but for trading, it will be better for you to know the purpose of both the wallet and exchange having that understanding matters a lot.
Post
Topic
Board Beginners & Help
Re: It's Never About Being Early, It's About Being Ready
by
Mario0
on 05/07/2025, 14:22:35 UTC
Quote from: pawanjain on Today at 02:10:44 PM
I have read about people who have been early yet are not holding any coins today.
Some sold very soon while some lost their keys to their funds. It's all about luck and the determination to hold.
That said, even if we are buying bitcoin today but are determined to hold it for a long term, it's almost evident that bitcoin will make us good profits.

You see, so it's not about how early you are, it's about how serious the person is. There is always interest, followed by commitment. When you are committed, you have time to venture into whatever you want to do. People take it for granted most time, and this is why we just have follow the right channel that is the only way that it will be very easy for you so there is need for you to do study because it is just not about buying but about how interested the investor is, and when you know the process to take then everything becomes more easy than not having any knowledge at all. and it's going to be either holding or trading.