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Before I got into the digital asset space, my uncle was going on and on about having this shitcoin and all that. Trading was his thing and he was in more valleys than peaks, and HODLing didn't make any sense to him. Well in Bitcoin, HODLing is how to do it.
Everyone is always stuck to his level of understanding about something, until they see someone that will bring them to limelight. and I think you will be in a better position to tell your uncle that trading is not profitable. You must prove some important fact to let him know how important holding is. although I know it might be difficult to change his way of doing things or perspective. But it's a matter of choice. Like me initially when I came to this forum newly I came with the notion of trading and holding shitcoin hoping for a greater days ahead not knowing I was waiting for worst days ahead. And as time passes I realised I was fooling myself all around this year's. Untill I started holding bitcoin . Although I nearly gave up on bitcoin when the price has dip, I would have even sold it off. but as I was coming to this thread I was motivated to keep HODling which I did. Now my btc portfolio is growing impressively and am happy as a holder and I have regretted not using the money I used to buy shitcoin those few years to buy Bitcoin, by now I would have made more profit than ever.The emergency fund is also another important thing. Life some few days ago I had an emergency call of my sister in-law who was critically ill and was rushed to the hospital, there was no money to commence treatment, no body had emergency fund with them for the treatment to commence so I have to use my emergency fund to take care of the bills without touching my bitcoin HODLing till she came back from the hospital, everyone was asking me where I got that amount from? I was just saying its the lord doing. Where as it was my emergency fund. I now realise the true meaning of emergency fund and how important it is. I am looking up to receive my weekly payments to still replace my emergency fund let it not be dry to the extent of touching my bitcoin holding when it's not yet time for usage.
That can be part of the problem and the dilemma of actually having money because there are so many folks that are not very responsible with their own money, and they have no reserves, and when we build up a bitcoin investment - not only do we end up having money in bitcoin, but then we need to maintain an emergency fund and reserves so that we will not have to dip into our BTC investment.. so it could be a bad thing to deplete your emergency fund based on something that might not exactly even be your own emergency, and then end up experiencing your own emergency prior to your being able to replenish your emergency fund... .. so yeah a lot of times it can feel as if th e emergency fund, reserves and float are just sitting around and not really doing anything.. but then all of a sudden when you need them, then they can surely end up coming in handy.
I think one the major problem to Africa development is lack of confidence, Africa lack self confidence in most activities. The dream to make Africa a develop continent has been conceived but it take confidence to develop a can do spirit that will enhance the actualization of the dream to make Africa a great and develop entity. Africa is blessed with resources in all ramifications ranging from human resources and natural resources but the problem is how to utilize the resources.
It takes great confidence to produce great result. For instance, Bitcoin is a great innovation and technology that is produced through great confidence that it will be a benchmark to a reliable and profitable investment, today Bitcoin is consider a legal tender in most places and it has played a better role in stabilization of most economy.
It takes great confidence to produce great result. For instance, Bitcoin is a great innovation and technology that is produced through great confidence that it will be a benchmark to a reliable and profitable investment, today Bitcoin is consider a legal tender in most places and it has played a better role in stabilization of most economy.
The only thing I go talk about for this insecurity issues is the rate of poverty and ask me why, this is because our police officers are hungry and police is one of the number one force that protect the country internally and organize everything how it should be, our police are the one coming against the citizen taken and taking bribes, the government is not being our police officers well and this is one of the reason why our police officers don’t care about the citizen in the world police is always at the front, see we need to understand that any issue in this is from our police force. in USA police work in different areas at night. They stand at different junctions with the car. They will never do a rude block, but in our country police stand on the road to take money from people that person if you don’t pay the problem we have no active 911, the problem in Nigeria is from the police because our government is not paying them well.
I'm not disputing your humble opinion for seeing that police is the major root of insecurity in nigeeia. But if may ask who are the police and who are the people? Police is just a body of the people vested with power and responsibility to project the lives and properties of innocent citizens.In contrary, the opinion of poverty seen to enhance more facilitation to the major root of insecurity in the country because a poor is like a wounded hungry lion that has lost his sense of belonging and will thereby be expose to many options that may have negative impact to the society. In otherwise, I think that the character and mindset of the people play a better role in the socio-economic and political behaviour of the people, a man that have the right mindset and the right information will be of value to the society so I believe if we reorientate our mind to occomodate positivity it will help to minimize the level of insecurity in the country.
With all sense of belonging the killing of 16 men of Nigeria Army as a result of communal crisis between two communities called Okuama and Koloba in Ughelli south Local Government Area of Delta State is totally condemable.
When two people are fighting it's certain that the third party will be in the position to make peace so why killing the military officer that were assign to bring peace to the two communities.
Sometimes I wonder why some Nigeria youth gain in taking life and creating havoc instead of being good ambassadors of peace and crave for development that will make them a better
in the future. In otherwise, if the time and the energy they are using to constitute nuisance can be channel in better things like learning a skill or even venturing into learning the process of Bitcoin it would have help them become great in life then destroying their future in the alter of foolishness and stupidity
When two people are fighting it's certain that the third party will be in the position to make peace so why killing the military officer that were assign to bring peace to the two communities.
Sometimes I wonder why some Nigeria youth gain in taking life and creating havoc instead of being good ambassadors of peace and crave for development that will make them a better
in the future. In otherwise, if the time and the energy they are using to constitute nuisance can be channel in better things like learning a skill or even venturing into learning the process of Bitcoin it would have help them become great in life then destroying their future in the alter of foolishness and stupidity
Snip
if not that we are not always truthful to ourselves, some of the things we call emergency situations are things we can cope with or figure out an alternative way of meeting them without necessarily going into using our emergency funds or worse of, using our holdings. But the thing is that because you have some reserve funds, the urge to use it will always come and even when you don't want to, it will appear as though you're hurting yourself when you have the means not to. Like so many persons have pointed out in this thread, it's good to define what kind of event to qualify as an emergency one so you won't always run and make use of your emergency funds when an emergency situation hasn't occured and when emergency finally happens you're left with no option and your holding becomes the only option available.
Like i said in the first paragraph emergency is a life saving issues that happens so sudden that may include accident or funeral issues, if you notice very well you will you will understand that it is rear for emergency to occur. And you ma have accumulated enough emergency fund just like the way you are accumulating btc HODLing, that is why emergency fund may not be a little fund. Because emergency differs, it might be an Emergency of $100 $500 or maybe $5000 that why we must be setting aside each week or month a certain amount just as you DCA in BTC. So that sothat when emergency need arises it becomes easy for you. Sothat we will no longer be looking for alternatives else where. The only problem people face is the in ability to accumulate enough emergency fund such as they do in btc. The way we keep on btc should also be don equally on emergency because it is only someone that don't have enough emergency fund that will use some portion to solve other people's emergency proble and becomes difficult to solve his own emergency to the extent of selling his btc holding to solve such situation.What I will advice us is that we should try as much as possible to always accumulate enough emergency fund, in other not to affect our bitcoin holding when we solve other people's emergency problem because emergency might not only be from your family but also to your close relatives who needed your help.
For me, my suggestion keep learning first about Bitcoin and then contribute on the forum and make constructive posts.
If you regularly post useful responses merits will eventually come from merit sources and we already have many similar threads about this so why not start by reading the list from this post below?
- https://bitcointalk.org/index.php?topic=5465283.msg62779279#msg62779279
Sincerely speaking, I must say that I'm so blessed to be part of this wonderful forum and I really appreciate all your kind effort and guidance in ensuring I get to understand the process of involved in getting merit and what it entails. I have gone through the link you sent to me and I must said that it has improved my knowledge and skills which wouldn't had been possible if I had kept mute without making the necessary enquiry.If you regularly post useful responses merits will eventually come from merit sources and we already have many similar threads about this so why not start by reading the list from this post below?
- https://bitcointalk.org/index.php?topic=5465283.msg62779279#msg62779279
Joining Bitcoin talk is one of the best thing that has ever happen in my life. It's like a school to me which enable me to be learning new things on daily basis and it has helped me to enhance my writing, reading and understanding skills and also meeting and learning from different resourceful intellectuals .
I have upto 40 activities and posts but the problem I'm having now as a new person in the system is how to get more merit. Please, I will appreciate your humble suggestion and guidance.
I have upto 40 activities and posts but the problem I'm having now as a new person in the system is how to get more merit. Please, I will appreciate your humble suggestion and guidance.
I have been pondering on the motion of making bitcoin a legal tender, if bitcoin becomes legal tender, it can be used in place of fait currency to purchase goods, used for transactions,etc.
For me, making bitcoin will take years because that motion will never be assigned by our financial institutions and central banks. The main reason is what we call;
Decentralisation of Financial Power
Removing the power to control money and financial asset from
centralized body like; Central banks, and other financial institutions.
Thus our fait currency begin to operate in a decentralized system as
bitcoin.
And we know that our governments,elites that take the will of the
people at stake will be at the verge of losing everything if that occurs,
meaning the system will be open and run by anyone at all that means f
freedom.
We all know bitcoin runs in a decentralized system, so making it a legal tender simply means the government will also have control over it and it system which wasn't the original motive of it
So two colliding forces, which can't be met at all.
I know El Salvador has bitcoin as a legal tender, but can only be used as a means of payment and transaction which also works in other countries.
IMF,World Bank, Central Banks of countries these are the major controllers and Most powerful institutional bodies,so imagine making this system decentralized.
What do you think will be the fate of our Economy..?
Let share our ideas on this guys.
The opinion of making Bitcoin a legal tender is a welcome development and one the best thing that can happen to the word economic system. It happen in generalization of exchange rate and financial control thereby promoting a uniform economy across the world. Bitcoin as a legal tender will also enhance centralization of means of exchange.For me, making bitcoin will take years because that motion will never be assigned by our financial institutions and central banks. The main reason is what we call;
Decentralisation of Financial Power
Removing the power to control money and financial asset from
centralized body like; Central banks, and other financial institutions.
Thus our fait currency begin to operate in a decentralized system as
bitcoin.
And we know that our governments,elites that take the will of the
people at stake will be at the verge of losing everything if that occurs,
meaning the system will be open and run by anyone at all that means f
freedom.
We all know bitcoin runs in a decentralized system, so making it a legal tender simply means the government will also have control over it and it system which wasn't the original motive of it
So two colliding forces, which can't be met at all.
I know El Salvador has bitcoin as a legal tender, but can only be used as a means of payment and transaction which also works in other countries.
IMF,World Bank, Central Banks of countries these are the major controllers and Most powerful institutional bodies,so imagine making this system decentralized.
What do you think will be the fate of our Economy..?
Let share our ideas on this guys.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Believe it or not, this kind of "more solid dump" is good for the price in the long (in this cycle) term. As much fun as a continuous ATH is, the reality is that price overheating "too much too fast" usually ends bad.
This is -perfectly- FINE.
This is -perfectly- FINE.
Yes. This is the market’s way of making sure that nobody gets a free ride. Too many people see the price going up and dump in some money with ridiculous leverage trying to become overnight millionaires. That isn’t fair for the rest of us who have stacked for years, so the market wipes out all leverage any chance it gets. This is just so longtime Bitcoiners don’t have their lunch eaten by fly by night gamblers posing as investors.
Religion seen to have helped Nigeria in the area of language, provision of social amenities, education, promotion of science and technology, peace and reconcilation. However the impact of religion in a secular state seems to have played out negatively in Nigeria, as politics and religion are mixed in the attempt to gain political leverages and recognition by some corrupt and incompetent politicians that don't have the interest of the people at heart but greed and mischievous interest.
Sincerely speaking, I cannot condem anybody or Nigeria for being a religion motivated country but I condem politicization of religion where people consider religion in terms of making decision in leadership than looking at competency and charisma and this is the major reason why we keep on making mistakes in supporting politicians that will nail us to the wall instead making policies that will relief our pains enhance development in the country.
Sincerely speaking, I cannot condem anybody or Nigeria for being a religion motivated country but I condem politicization of religion where people consider religion in terms of making decision in leadership than looking at competency and charisma and this is the major reason why we keep on making mistakes in supporting politicians that will nail us to the wall instead making policies that will relief our pains enhance development in the country.
Sometimes I wonder why Nigeria is facing high rates of insecurity and crime. The root of the high level of insecurity in a blessed country like Nigeria can be argued that indices such as corruption, hatred, lack of faith among the citizen, incompetent leadership, bribering, illiteracy, tribalism, religion interest, regional interest, porose nature of our boarder, divers local languages, government poor policies, high rates of unemployment and poverty are factors that promote incidences of insecurity and crime in Nigeria.
It so unfortunate to see that a common man cannot longer afford food to eat in Nigeria, a country that is well known for agriculture and high level of cultural heritage. I think the root causes suffering, food insecurity and unsustainable development include: poverty, corruption, incompetent leadership, regional insecurity, tribalism, region differences, national policies that do not promote equal access to food for all, environmental degradation, barriers to trade, insufficient agricultural development, population growth, low levels of education, social and economic instability.
I smell regret for those who will not buy now. Bitcoin is trying to give those who have been reluctant more and more opportunity to bag more they have now if there is money. For me this is point in the market i aggressively buy in as much i am still dcaing. The whole point of the dca is to ignore the market price. Truly we should just continue dcaing no one knows if this is a top or bottom or just like what everyone is saying that the market is correcting itself. That is bullshit, correcting or no correcting we should buy it doesnt stop us from buying.
It would have made more sense to stop buying if we know when the price will go down but unfortunately no one knows what will happen in the market. But there is something certain in the market, once bitcoin exceeds some level in the market it never hoes down to that price ever again. Keep buying till 2024 is over.
In my opinion, those who are still sitting on DIP to buy. ...now is the time for them, I had some doubts about DIP but now my attitude has changed.It would have made more sense to stop buying if we know when the price will go down but unfortunately no one knows what will happen in the market. But there is something certain in the market, once bitcoin exceeds some level in the market it never hoes down to that price ever again. Keep buying till 2024 is over.
Suppose after 3 months if the price of BTC is 80k or 100k, then if we consider the price at that time, now its price is in DIP. This is simple calculation. yes those who don't buy BTC now will regret it in the future as it seems to be at rock bottom right now.
The market is diving lower and the opportunity for human capital has been created. Those who were waiting for the dumping market, the dumping market is here, now you can invest from the dumping market. I increased the investment using the DCA method and waited for the dumping market to invest by buying more bitcoins, currently in the dumping market I made myself invested if the market dumped a little more I would buy bitcoins and hold it. Maybe this is the last dumping before the bull market so no one should miss this dumping market to invest.
It's certainly true that Bitcoin market is dumping but I still believe that the declining will not take much time before it will appreciate and this time the appreciation will be in parallel increase in the price of Bitcoin. However, the decline in the price of Bitcoin is a good opportunity for investment in Bitcoin market and to acquire more Bitcoin as possible but irrespective of the unexpected decline in the price of Bitcoin I think it will good for one to have adequate knowledge and understanding of Bitcoin price focasting and proper budget planning before thinking of investing much money to Bitcoin.I don't really know if I'm the only one who's seeing this on Bitcoin price that's heading down where we don't want it to be or is it just trying to show those who never saw it getting past $67-69k? Huh...? I hope it gets back up again, or is it that some of us are not getting the job done like completing the push-up to 100? Or are some of us stopping at 60 that's why we have it at $68k now🤔🤔? Who's monitoring this push-up? We need to get it back up to $70k+ ones more.
I believe some of us are having this disappointing look on our faces after seeing the market price losing it's force of get to $100k, it must surely turn around anytime soon to a much higher price, ones it gets to $70k the journey to $100k continues.
Disappointed? If you've been here on this market for too long then you would be seeing these drops to be an opportunity. Im rather be happy than on being sad with these drops. I believe some of us are having this disappointing look on our faces after seeing the market price losing it's force of get to $100k, it must surely turn around anytime soon to a much higher price, ones it gets to $70k the journey to $100k continues.
You can load up your bag even more.As for push-ups then if you are really that getting in line on the current price then if you have been able to reach out that 70+ in a day and having that drops then the next ones would be easy. Right?
Dont stress up yourself on having those monitoring because it would really be just that enough for you to have such monitor on your push ups.
Drops like this are nothing. Market cant really just have that one movement or simply going up like forever. There's always a correction for course.
The good thing about this kind of initiative on trying to get in line on having those pushups as it moves up is that you dont only make yourself that making money but also making your body healthy too.
I haven't had a chance to work out for a long time, thanks to this thread I'm back. The bull run in the market feels good too. I continue to do 100 push-ups, not every day, but every other day and let the muscles regenerate.
Don't just focus on upper body and skip leg day btw, you know the biggest muscles of the body are in your legs.
For me 100 push up a day is possible. Beside , it has many advantage to the body system leading to burning of fat and general body building. 100 push up per day is a whole lot of exercise that anybody that indulge in it will appreciate in the near future as it help in maintaining a good body building and fitness especially those that have big belle.Don't just focus on upper body and skip leg day btw, you know the biggest muscles of the body are in your legs.
Doing 100 push up everyday help the body to excret many toxic system in the body through sweating and if consistency is maintain it will help in longevity of life. However, going by the current trend in the price of Bitcoin the possible of Bitcoin reaching 100k is feasible because time is always directly proportional to rise in the value of money and commodity therefore the same rise in value with time is also applicable to Bitcoin.
-snip-
The aim of being prepared to allocate funds for Bitcoin investment is so that every investor can be comfortable enough in investing and not be like someone who is pressed for time because they have to keep thinking about their lack of capital. Apart from that, any ideas that each investor will use are also aimed at gaining profits that previously might not have been possible with just a small amount of capital. So this really needs to be understood very well for smooth investment and also for smooth accumulation of more Bitcoin when the price decline starts to occur.The budget will of course affect how much return you will get when prices rise high, while the strategy will allow you to get a better return even if you have a low budget. Besides, not everyone has a stable budget, so there's no need to force yourself to be consistent as long as you can buy at another time.
However, if someone has invested in DCA investment. it is appropriate to be able to meet the targets that have been previously determined. For example, if you want to invest in Bitcoin with a minimum capital of only $10 per week, you must be able to meet the minimum requirements to invest there. That's very low in my opinion and very easy to achieve even for people with small incomes. However, in the future he gets more money and the investment value can exceed the minimum amount, say an investment of $15, so it would be better because he has met the minimum limit for depositing and buying bitcoins. Of course, the ratio of reserve or emergency money has been calculated.
Bitcoin is a digital currency which most of the investors does not have control over the system, so most people that doesn't have the adequate knowledge of it and the orientation are still afraid to make a huge investment in Bitcoin believing it to be a Ponzi scheme that has the tendency of crashing any day thereby making people to loose their hard earn money.
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.
Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success.Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.
No need to get into the battle of hassle with other traders when you can HODL and DCA.
You already supported the fact that buying and holding bitcoin is the safest way to invest in Bitcoin, why will you jettison the safest way for some risky way with promise of huge gains that is not even guaranteed? It is not the best way to go about investing in bitcoin. I started as a trader so I know how tricky it can be even to those who think they have mastered the skills. More often than not, people end of losing their entire assets to trading when they were hoping to make major wins. Therefore, buying bitcoin and holding is the best approach.
I advocate that holding bitcoin is the safest way to invest, but I am not saying that it is the way to make the best profits. Just because you like safety with moderate profits doesn't mean everyone likes safety and peace as much as you do. Each person has different investment preferences, strengths and skills. I have been making profits from trading and using those profits to reinvest in many different projects. So why should I stop trading just because you and some other people are not making profits from trading? DO NOT imitate others but also do not impose your thoughts on others.
Why do people who cannot make money from trading start thinking that it is not a good investment method? Just like altcoins, many investors are profiting from altcoins, memes... while bitcoin maximalists go around saying bad things about others. Would doing so help us deliver better returns than those investing in altcoins?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.
Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.
#LifeGoals
Edit: terrible maths...
This is a big change from last year at about 25 BTC for a large part of the year.
Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.
#LifeGoals
Edit: terrible maths...
Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).
Those bastards.
For the Golden Visa, i am honestly agree with them. Lisbon is a really small capital. Only 500K people. Already LOT of airbnbs there as it's one of the only capital in Europe you can enjoy to visit almost all around the years, and already lot of Americans, indians, brazilians, russians too (before the war) bought flats in Lisbon by overpaying (at this time) to get the golden visa and pressure the market to higher.
Problem is Portugal is still a 'poor' country, minimum salary is around 800€, even with good position you will not get 2/3K+. If you want to get a decent 2BR flat in a central area in Lisbon, you have almost nothing below 2K+ a month. It's currently in Europe the most unbalanced between salary/local standard of living and rent/property price.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.
Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.
#LifeGoals
Edit: terrible maths...
This is a big change from last year at about 25 BTC for a large part of the year.
Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.
#LifeGoals
Edit: terrible maths...
Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).