Search content
Sort by

Showing 20 of 34 results by Megaboss12
Post
Topic
Board Speculation (Altcoins)
Re: As long as altcoins exist, Bitcoin will remain volatile.
by
Megaboss12
on 13/06/2025, 21:33:35 UTC
Bro doesn't understand if Bitcoin being treated the same as stock. That's why it's volatile as the value of bitcoin also came from the speculation. It's totally non sense when you linked alts as the main factor why Bitcoin is volatile these days.

IDK where do you get that opinion, but that's wrong.
I wish you calmed to understand what I meant before calling it nonsense... You don't have a monopoly of right knowledge / opinion bro. The fact that u tagged the insightful knowledge that I shared free of charge as nonsense, doesn't mean it will not happen if bitcoin will ever be generally adopted...
Post
Topic
Board Speculation (Altcoins)
Re: As long as altcoins exist, Bitcoin will remain volatile.
by
Megaboss12
on 13/06/2025, 21:25:21 UTC
But after considering the role of altcoins, I’ve come to a new understanding - bitcoin may never truly stabilize. Altcoins will continue to influence and drive bitcoin’s price movements.

Wrong, i disagree with you, things don't work like that way you thought, bitcoin has always been volatile right form the onset, altcoins are not what determines the volatility of bitcoin, don't get the wrong concept, if altcoin ceased to exist, bitcoin will still remain volatile, if you could check from the history of bitcoin, most of the market reactions were driven by the market price of bitcoin through its volatility, maybe you have to understand that bitcoin was the first ever cryptocurrency we had, and everything you see in bitcoin today has been in place right from the beginning even before altcoins were introduced.

The problem is, most of you guys are very swift to correct without having to understand what the poster meant. I never said altcoins determine the volatility of bitcoin. I am talking about  future case  SCENARIO (HYPOTHETICALLY) where bitcoin is generally accepted and adopted by all countries and sectors of the world. You will agree with me that if such should happen, bitcoin price will either be stable or at least it's volatility will reduce. In this case based on analysis of similar trends, I have come to understand that bitcoins and altcoins alike will become more valuable, and just as bitcoin will influence the prices of altcoins, altcoins will in turn influence the price of bitcoin and by so doing VOLATILITY WILL NEVER BE OUT OF THE PICTURE AS LONG AS BITCOIN EXISTS.
Post
Topic
Board Speculation (Altcoins)
Topic OP
As long as altcoins exist, Bitcoin will remain volatile.
by
Megaboss12
on 12/06/2025, 11:17:13 UTC
I used to believe that with widespread adoption, bitcoin's price would eventually stabilize ( especially when compared exclusively to fiat currencies). But after considering the role of altcoins, I’ve come to a new understanding - bitcoin may never truly stabilize. Altcoins will continue to influence and drive bitcoin’s price movements. Even in a world of complete bitcoin adoption, the presence of altcoins will sustain its volatility and that volatility is what makes Bitcoin a continually worthy investment. So the wise move remains: buy, hold and only sell in the future....
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 09/04/2025, 21:38:30 UTC
Buying the dip is not bad at all but timing the market is not encouraging at all , yeah the market might be experiencing some significant volatility recently due to some economy disturbance , which have lead to some dip in the market recently, does not me that you will have to start timing the market , we all know that the market can go two ways , so imagine you where waiting for the dip , and at the end prices end up surging instead you will
Miss a lot of buying opportunities, causing you to missed out.

I won’t lie this is a very nice opportunity (the recent dip ) to purchase more bitcoin at cheaper rate rather than panicking like you are holding some kind of shitcoin or something, because bitcoin is one of the assets with fast movement when it comes to price fluctuations, you can see bitcoin at $75k and few hours later it’s already at $80k+ , while some shitcoins may even take months or years to go back to their previous ATH, just stick to your dca accumulation, try and accumulate as much as you can without over doing it , like going to the extent of touching your emergency funds .

What do you mean by touching the emergency fund? If you mean buying aggressively with the emergency fund, I disagree with you. Emergency funds are designed to deal with emergencies only. Buying aggressively with the emergency fund or investing money from the emergency fund is never a good decision for an investor. If you do not have enough money to continue investing, then I think it would be a good decision to put your investment on hold for some time.

Suppose you have invested money from the emergency fund. And if you have a financial disaster in the meantime, then you will have no choice but to sell your investment. Emergency funds should be used only for emergencies. It is not right to use emergency funds for investing.

So now why the disagreement?

When we are in same path ( not encouraging others to purchase with their emergency funds) ,try going through post well before replying , because you are just mid quoting me , because I only said not to use your emergency funds to purchase bitcoin just in the name of been aggressive, just try and go through my reply again then you may understand what I was trying to say properly
Emergency funds are always for emergencies. No good investor would encourage anyone to invest part of all of his emergency fund simply because of Dip. Market volatility has no time frame and could be as short or long as no one would actually predict. Emergency funds toe is no longer your fund, it's set aside for life sake.

The current situation of bitcoin is a great opportunity for investors. Maybe traders would finally decide to quit trading for investment this time.





Emergency is not set aside just for life's sake... Emergency fund is for contingencies - good or bad...It's wise to use one's emergency fund in case of dip irrespective of how long or short that dip could be. Great investors will always take advantage of dips even as they still invest during boom. There's no way I will not buy more bitcoins during dip. I operate based on DCA, but dip is when I break the records. I'll still set up emergency funds if I ever get to use them up.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 09/04/2025, 21:28:10 UTC
Buying the dip is not bad at all but timing the market is not encouraging at all , yeah the market might be experiencing some significant volatility recently due to some economy disturbance , which have lead to some dip in the market recently, does not me that you will have to start timing the market , we all know that the market can go two ways , so imagine you where waiting for the dip , and at the end prices end up surging instead you will
Miss a lot of buying opportunities, causing you to missed out.

I won’t lie this is a very nice opportunity (the recent dip ) to purchase more bitcoin at cheaper rate rather than panicking like you are holding some kind of shitcoin or something, because bitcoin is one of the assets with fast movement when it comes to price fluctuations, you can see bitcoin at $75k and few hours later it’s already at $80k+ , while some shitcoins may even take months or years to go back to their previous ATH, just stick to your dca accumulation, try and accumulate as much as you can without over doing it , like going to the extent of touching your emergency funds .

What do you mean by touching the emergency fund? If you mean buying aggressively with the emergency fund, I disagree with you. Emergency funds are designed to deal with emergencies only. Buying aggressively with the emergency fund or investing money from the emergency fund is never a good decision for an investor. If you do not have enough money to continue investing, then I think it would be a good decision to put your investment on hold for some time.

Suppose you have invested money from the emergency fund. And if you have a financial disaster in the meantime, then you will have no choice but to sell your investment. Emergency funds should be used only for emergencies. It is not right to use emergency funds for investing.

So now why the disagreement?

When we are in same path ( not encouraging others to purchase with their emergency funds) ,try going through post well before replying , because you are just mid quoting me , because I only said not to use your emergency funds to purchase bitcoin just in the name of been aggressive, just try and go through my reply again then you may understand what I was trying to say properly
Emergency funds are always for emergencies. No good investor would encourage anyone to invest part of all of his emergency fund simply because of Dip. Market volatility has no time frame and could be as short or long as no one would actually predict. Emergency funds toe is no longer your fund, it's set aside for life sake.

The current situation of bitcoin is a great opportunity for investors. Maybe traders would finally decide to quit trading for investment this time.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 09/04/2025, 21:22:17 UTC


Emergency funds are always for emergencies. No good investor would encourage anyone to invest part of all of his emergency fund simply because of Dip. Market volatility has no time frame and could be as short or long as no one would actually predict. Emergency funds toe is no longer your fund, it's set aside for life sake.

The current situation of bitcoin is a great opportunity for investors. Maybe traders would finally decide to quit trading for investment this time.
[/quote]

Emergency is not set aside just for life's sake... Emergency fund is for contingencies - good or bad...It's wise to use one's emergency fund in case of dip irrespective of how long or short that dip could be. Great investors will always take advantage of dips even as they still invest during boom. There's no way I will not buy more bitcoins during dip. I operate based on DCA, but dip is when I break the records. I'll still set up emergency funds if I ever get to use them up.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 09/04/2025, 21:19:56 UTC
Emergency funds are always for emergencies. No good investor would encourage anyone to invest part of all of his emergency fund simply because of Dip. Market volatility has no time frame and could be as short or long as no one would actually predict. Emergency funds toe is no longer your fund, it's set aside for life sake.

The current situation of bitcoin is a great opportunity for investors. Maybe traders would finally decide to quit trading for investment this time.
[/quote]


Emergency is not set aside just for life's sake... Emergency fund is for contingencies - good or bad...It's wise to use one's emergency fund in case of dip irrespective of how long or short that dip could be. Great investors will always take advantage of dips even as they still invest during boom. There's no way I will not buy more bitcoins during dip. I operate based on DCA, but dip is when I break the records. I'll still set up emergency funds if I ever get to use them up.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 24/03/2025, 11:09:53 UTC
.....Third, timing is also important. As the saying goes, time is gold. In investing, if the timing is wrong, even though we can still profit in the long term, in terms of time we lose so that often here emotional decisions play a role in making the wrong decisions.

Time in the market is better than trying to time the market.. Especially when it comes to bitcoin.. so just get started and stop trying to fuck around figuring out when you should start or if this is a good time or not.

It takes  a long time to build up a bitcoin investment..  4-10 years or longer, so there is no need to be delaying.. and then also once you are investing, it may well be the case that you are goingto stay in longer than 10 years, so it is not going to matter very much if you started to buy at $60k, $80k, $100k or $120k.  Sure, you get more bitcoin when you buy bitcoin at lower prices, but there is no way to know BTC's price direction in terms of if you will ever get bitcoin lower than today's current prices, so it is better to get started buying bitcoin, if you wanting to be serious about bitcoin.. rather than fucking around thinking about your entry point.


That’s the thing most people don’t know that the more they are delaying the more they are reducing the chances to purchase in a cheaper price , I know that even when bitcoin hit the price range of $150k is still early , compare to the potential but I’m possesses, but buying now will give some advantages which buying at cheaper rate because the rate of you buying at $100k+ is far different from you buying at the rate of $80+ so start now will give you such advantages.

That’s reason why bitcoin is experiencing some dip I don’t feel bad neither do I feel any fear rather I get myself some cool funds to get the buying the dip going , and taking advantage of the market conditions in any way I can .





Well, while the best time to buy bitcoin may be now, every time within a certain investment frame is also okay. While there's no evidence that the price of bitcoin will be lower today than tomorrow, there's every evidence that if the adoption of bitcoin increases with time, there's it will be certain that bitcoin price will increase by a huge percentage within the next 10years. While I will not want to pressure people who currently don't have extra income to buy today - which would have being the best choice, I can assure them of the chances of making a huge profit when they buy tomorrow as long as they have a long term plan/vision.

Bitcoin future has never being more certain than now. As long as we have tact investors who wouldn't allow little price fluctuation to deter them, we are certain of a mouth-watering return on  our investment in the not-too-far future. Your attitude towards bitcoin as an investor will go a long way to determine the future of the coin.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 24/03/2025, 11:06:10 UTC

That’s the thing most people don’t know that the more they are delaying the more they are reducing the chances to purchase in a cheaper price , I know that even when bitcoin hit the price range of $150k is still early , compare to the potential but I’m possesses, but buying now will give some advantages which buying at cheaper rate because the rate of you buying at $100k+ is far different from you buying at the rate of $80+ so start now will give you such advantages.

That’s reason why bitcoin is experiencing some dip I don’t feel bad neither do I feel any fear rather I get myself some cool funds to get the buying the dip going , and taking advantage of the market conditions in any way I can .
[/quote]



Well, while the best time to buy bitcoin may be now, every time within a certain investment frame is also okay. While there's no evidence that the price of bitcoin will be lower today than tomorrow, there's every evidence that if the adoption of bitcoin increases with time, there's it will be certain that bitcoin price will increase by a huge percentage within the next 10years. While I will not want to pressure people who currently don't have extra income to buy today - which would have being the best choice, I can assure them of the chances of making a huge profit when they buy tomorrow as long as they have a long term plan/vision.

Bitcoin future has never being more certain than now. As long as we have tact investors who wouldn't allow little price fluctuation to deter them, we are certain of a mouth-watering return on  our investment in the not-too-far future. Your attitude towards bitcoin as an investor will go a long way to determine the future of the coin.
Post
Topic
Board Bitcoin Discussion
Re: Are Traders supposed to be called investor too?
by
Megaboss12
on 24/03/2025, 10:42:28 UTC
All investors are long term traders. So yes an investor is a trader but with a long term vision
Post
Topic
Board Speculation
Re: Will the Price of bitcoin ever stabilize?
by
Megaboss12
on 23/03/2025, 15:22:03 UTC
People who is novice in bitcoins investment they're the one that doesn't know the price stability in cryptocurrency investment more especially in bitcoins, but an experienced investor do take it time to invest,  and an experienced investor will make a research to know if it purchases bitcoins now, if the price will decrease in next month or in next two month,  so base on the research will determine his comfort to purchase bitcoin.

Another thing is that, do not invest on Bitcoin under durance, because if you invest on Bitcoin on durance you will not be able to calculate exactly if you will make a profit on the process or not...its very clear that price of Bitcoin is always rotational, the price doesn't stay consistent it always interchanges, so therefore any investor have to make a proper investigation before they could invest.



I believe you just moved slightly away from the subject. We are discussing price volatility here and not profit making strategies. I am of the opinion that somehow, someday in the near or far future the price of bitcoin will stabilize and it may not be a good investment option at that point but a good means of preserving assets.
Post
Topic
Board Speculation
Re: Will the Price of bitcoin ever stabilize?
by
Megaboss12
on 23/03/2025, 15:13:50 UTC
I'm just curious. The beauty of investing in bitcoin or any other crypto is in it's volatility. Volatility makes smart investors to study the market trends- know when to buy and also when to sell in order to maximize profit. The value  of bitcoin is basically based on it's acceptability - as more and more countries adopt bitcoin and maybe build a reserve for it, it's value will definitely increase. However if bitcoin is generally adopted worldwide it's prize will become more stable and the volatility factor that investors leverage upon will fade. While it's possible that at this point the price may be $500k or more but this same price will become more stable and conversely not a very good investment option. Someone may say why has the price of gold not stabilized- well gold is physical and it's physical usage may increase. There are only 21million bitcoin that will ever be, but converting these to it's smallest unit (Sat.) and dividing it among the world's population is more than enough for everybody (approx. 300k sats), which further buttress my points on bitcoins potential stability with general acceptability.


If the price will ever stabilize, what are the factors we need to look out for as investor to know that the time has come for us to apply extraordinary wisdom ?

OP am sure that you know what volatility is all about and I also that you're aware that volatility is Bitcoin thing, so if Bitcoin is known for it's volatile nature thats to say that there's no need of thinking about about something that may not come to reality, op there's something I want you to meditate on which is, what if Bitcoin existence is centered on it's price instability, so are we to expect it to be stable, I feel you're thinking too much though it is good to ask questions and also think abstract sometimes to get the views of the community at large but you should consider the concept of Bitcoin before saying somethings, volatility is one of the concepts of Bitcoin followed by it's long-term concept too, op price correction must occur from time to time, upsurge must take plece too, each of this events has what it does in Bitcoin investment, so for me I have accepted the fact that Bitcoin is a volatile asset and that shouldn't be a hindrance for me since this volatility is all about the dip and the upsurge which I think is perfect for an investment like that.






I am not sure you understand the view point here. We are bringing possibilities to bare... As investors, we think and envisage long term. Every visionary knows that when the adoption of a commodity is uncertain, the volatility of it's price increases. But when demands increase, prices surge (for fixed assets). but when demand climaxes price stabilizes. The amount of bitcoin that will ever be is fixed at 21m, and the hope of a long term investor is  a general adoption of the coin for a maximum surge in price and conversely maximum profit. But this same general adoption will also spell less volatility which will make bitcoin a means of storing assets rather than a good investment option. That's what we're bringing to bare here bro...
Post
Topic
Board Speculation
Re: Will the Price of bitcoin ever stabilize?
by
Megaboss12
on 23/03/2025, 15:11:52 UTC

[/quote]

OP am sure that you know what volatility is all about and I also that you're aware that volatility is Bitcoin thing, so if Bitcoin is known for it's volatile nature thats to say that there's no need of thinking about about something that may not come to reality, op there's something I want you to meditate on which is, what if Bitcoin existence is centered on it's price instability, so are we to expect it to be stable, I feel you're thinking too much though it is good to ask questions and also think abstract sometimes to get the views of the community at large but you should consider the concept of Bitcoin before saying somethings, volatility is one of the concepts of Bitcoin followed by it's long-term concept too, op price correction must occur from time to time, upsurge must take plece too, each of this events has what it does in Bitcoin investment, so for me I have accepted the fact that Bitcoin is a volatile asset and that shouldn't be a hindrance for me since this volatility is all about the dip and the upsurge which I think is perfect for an investment like that.


[/quote]


I am not sure you understand the view point here. We are bringing possibilities to bare... As investors, we think and envisage long term. Every visionary knows that when the adoption of a commodity is uncertain, the volatility of it's price increases. But when demands increase, prices surge (for fixed assets). but when demand climaxes price stabilizes. The amount of bitcoin that will ever be is fixed at 21m, and the hope of a long term investor is  a general adoption of the coin for a maximum surge in price and conversely maximum profit. But this same general adoption will also spell less volatility which will make bitcoin a means of storing assets rather than a good investment option. That's what we're bringing to bare here bro...
Post
Topic
Board Nigeria (Naija)
Topic OP
Nigeria open to cryptocurrency despite $80bn lawsuit against Binance – FG
by
Megaboss12
on 21/03/2025, 22:40:56 UTC
I read in punch newspaper today (Friday 21st March, 2025) where the Nigerian minister of information said that Nigeria is open to crypto adoption despite the lawsuit against binance. He stated that other cryptocurrency outfits/companies have been operating unrestricted within the country despite the lawsuit against binance. He said the lawsuit against binance was just to ensure that the activity of binance is regulated within the country as some of it's activities were traced to illicit and dubious flows... What's your take?
Post
Topic
Board Speculation
Re: Will the Price of bitcoin ever stabilize?
by
Megaboss12
on 21/03/2025, 22:15:07 UTC
We all know that the Bitcoin market is volatile. If someone first hears about Bitcoin, they will first realize that Bitcoin is one of the most volatile currencies. It is constantly going up and down. If someone is afraid of volatile markets, then I don't think Bitcoin is for them. They can never be investors.

Investors should remember that Bitcoin is not a short-term money-making scheme. It is a way to create wealth for themselves in the long term

Did you read through the points or you just want to say something? Can u argue that when bitcoin is generally adopted, it's price will somehow stabilize?
While I know that before bitcoin will be generally adopted worldwide, it's price will become unbelievably high... But after that what next...? Good investors are not known to be blindly optimistic, they are good critics too, they analyse, criticize, think of worst case scenarios and build their minds ahead of time. Everything is possible after all.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 21/03/2025, 14:28:15 UTC
There are so many things that is making some people not to buy BTC anytime, when some people have financial issues and it will be difficult for them to be stability in buying BTC on the time because they have other bills they need to settle to make sure there is peace at home. Some feel the dip will allow them to buy plenty of BTC and hodl because they know that the price has drop for those who don't have enough money to use the period to buy as much they want.

When someone is having financial crisis the mistake the person would make is going into Bitcoin investment, it's for the future and not something you'll look up to, to solve current issues, at that point the person is expected to tackle the more pressing issues then look for more source of income before thinking of going into Bitcoin investment else you'll not even last a year while investing on Bitcoin cause most of the profits or even all would be channeled into solving issues.

 That's why it's advised that someone thinking of investment on Bitcoin should already have a steady income that would help superate reserve funds which comprises of the one meant for emergencies from that meant for investment for instance someone earning up to $100 weekly can channel some percentage to investment and the rest as reserve funds that can be used to handle unpredictable situations like emergencies and that of utilities and also funds meant for upkeep.
This is why i say people should understand the concept of what you are investing in first before investing in bitcoin, investing in bitcoin is a long term strategy not an problem solution solver used for financial crises that is why is it advisable before you start investing in bitcoin you need to be financial stabilable first in other to avoid exacerbating financial difficulties, when investing in bitcoin when have any financial crises the first thing that comes to your is to sell part of you accumulated assets which is not advisable to do.



One must not be very financially stable before investing in bitcoin. As long as you have a certain amount you can let go of  for some time ( which we always do) you can invest in bitcoin.
For a financially stable investor, you need to invest using the DCA strategy and always reserve a higher amount to buy during dips.( Buy more during dips -DCA + DIP). Don't always rush to sell, but selling a little fraction during boom and buying even more during dips is not a bad idea. Bitcoin is for the future and this future is not as far away as many think.
From your post, you sound more like a trader than a long-term investor, because a long-term investor is not supposed to sell when the price is high and hoping to buy more at the dip. This practice will kill the long term investment mindset in you because you are more after profit than building your bitcoin investment which shouldn't be so.

A new investor like you who just started his accumulation journey should focus more on building his bitcoin portfolio for 4-10 years and above with buying regularly, consistently, persistently and if opportune aggressively so that in the long run, you will have a good size of bitcoin in future when bitcoin price becomes very expensive.

 However, if you continue buying and selling, you will lose focus and sell more which depreciate your bitcoin portfolio overtime. Say NO to selling as a long-term investor no matter the temptation in the market because there's a bigger picture of bitcoin in future. Don't be short sighted due to little price fluctuation.



Well selling some percentage of my investment to even buy more may not be a very bad idea... While we are preaching buying and keeping we also need to know that the future is not promised. Nobody is guaranteed of being alive in the next 10 years - fate decides. In the meantime my investment strategy is buy more and sell less... When the future finally comes, I'll have more than enough bitcoins to leverage and in the present I take advantage of every good enough opportunity.
Post
Topic
Board Speculation
Topic OP
Will the Price of bitcoin ever stabilize?
by
Megaboss12
on 21/03/2025, 14:09:29 UTC
I'm just curious. The beauty of investing in bitcoin or any other crypto is in it's volatility. Volatility makes smart investors to study the market trends- know when to buy and also when to sell in order to maximize profit. The value  of bitcoin is basically based on it's acceptability - as more and more countries adopt bitcoin and maybe build a reserve for it, it's value will definitely increase. However if bitcoin is generally adopted worldwide it's prize will become more stable and the volatility factor that investors leverage upon will fade. While it's possible that at this point the price may be $500k or more but this same price will become more stable and conversely not a very good investment option. Someone may say why has the price of gold not stabilized- well gold is physical and it's physical usage may increase. There are only 21million bitcoin that will ever be, but converting these to it's smallest unit (Sat.) and dividing it among the world's population is more than enough for everybody (approx. 300k sats), which further buttress my points on bitcoins potential stability with general acceptability.


If the price will ever stabilize, what are the factors we need to look out for as investor to know that the time has come for us to apply extraordinary wisdom ?
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Megaboss12
on 21/03/2025, 13:42:53 UTC
There are so many things that is making some people not to buy BTC anytime, when some people have financial issues and it will be difficult for them to be stability in buying BTC on the time because they have other bills they need to settle to make sure there is peace at home. Some feel the dip will allow them to buy plenty of BTC and hodl because they know that the price has drop for those who don't have enough money to use the period to buy as much they want.

When someone is having financial crisis the mistake the person would make is going into Bitcoin investment, it's for the future and not something you'll look up to, to solve current issues, at that point the person is expected to tackle the more pressing issues then look for more source of income before thinking of going into Bitcoin investment else you'll not even last a year while investing on Bitcoin cause most of the profits or even all would be channeled into solving issues.

 That's why it's advised that someone thinking of investment on Bitcoin should already have a steady income that would help superate reserve funds which comprises of the one meant for emergencies from that meant for investment for instance someone earning up to $100 weekly can channel some percentage to investment and the rest as reserve funds that can be used to handle unpredictable situations like emergencies and that of utilities and also funds meant for upkeep.
This is why i say people should understand the concept of what you are investing in first before investing in bitcoin, investing in bitcoin is a long term strategy not an problem solution solver used for financial crises that is why is it advisable before you start investing in bitcoin you need to be financial stabilable first in other to avoid exacerbating financial difficulties, when investing in bitcoin when have any financial crises the first thing that comes to your is to sell part of you accumulated assets which is not advisable to do.



One must not be very financially stable before investing in bitcoin. As long as you have a certain amount you can let go of  for some time ( which we always do) you can invest in bitcoin.
For a financially stable investor, you need to invest using the DCA strategy and always reserve a higher amount to buy during dips.( Buy more during dips -DCA + DIP). Don't always rush to sell, but selling a little fraction during boom and buying even more during dips is not a bad idea. Bitcoin is for the future and this future is not as far away as many think.
Post
Topic
Board Speculation
Re: It is wiser to invest that money than to buy an iPhone.
by
Megaboss12
on 20/03/2025, 09:38:27 UTC
There's nothing wrong with getting an iPhone. In fact good investors don't play with other necessities while investing. In this modern world necessities may include: food, shelter, clothing and good gadgets that will help you smoothly control other investment. In as much as we criticize iPhone a lot, we can still agree that a good iPhone is among the best in the world, so there's no need for the argument.

My take is; don't live overtly lavishly especially without good investment. Eat right , stay heathy, have a good roof over your head, wear good clothes - not necessarily paying too much for a brand name , have a good gadget - it speaks of your taste ( it can also make other investors want to do business with you). Invest enough but also enjoy enough... Life is short. Teach your kids early, invest for them and groom them, but make sure u spend more than 70% of your wealth while alive otherwise strangers may do it for you when you're gone.
Post
Topic
Board Beginners & Help
Re: How Can I grow and Build My Reputation Here?
by
Megaboss12
on 16/03/2025, 21:43:57 UTC
Contributions here are super helpful. I just discovered something good. Thanks to everyone, your contributions and supports are very helpful... I sincerely appreciate