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Showing 20 of 48 results by Nightwatchmare
That is very true, I have come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I have made some wrong moves, but I am also learning bit by bit. I am beginning to see the importance of being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.
Timing and understanding the market is mostly for traders, but for newbies whose mindset is to consistently invest in bitcoin for the long term, they have nothing to do with timing and understanding the market because it will only limit them from building up a sizeable bitcoin investment. As a newbie or no coiner, you should mostly focus on your finances and planning because after you figure out and know that you will have discretionary income to invest in bitcoin consistently, you also need to plan yourself in a way that you will build up your emergency funds and invest in bitcoin with your discretionary income in such a way you won't overdo your aggressiveness.I think there is no need to wait for investing in Bitcoin. Because I myself bought Bitcoin when it was 25,000 and sold it at 40, thinking that this might be the highest price. If I lower it a little, I will buy it again. I kept waiting, but even after lowering it a little, the price kept increasing. I thought and waited a little longer, and after thinking, it reached 100, then I decided that there was no point in thinking anymore, I will buy Bitcoin with a part of my salary every month, so I started buying. Now I realize that I was wrong to wait. I think Bitcoin is an asset that may go beyond our reach in the future. So now is the right time to invest.
I will not blame you for selling your Bitcoin too early because you are responsible for your actions and you never believed that Bitcoin could one day get to six digits or you never saw Bitcoin as an asset that will keep increasing in price in the future, but I am happy you have seen what Bitcoin can achieve and you have motivated yourself to invest in Bitcoin again, and I believe you will never want to sell your Bitcoin for peanuts again. Bitcoin is an asset that increases as time goes on, so waiting for Bitcoin to drop to your set price is not an investor mindset, and since you are no coiner, that mindset will only delay in accumulating Bitcoin. It is better you change your mind and start accumulating bitcoin monthly because you will wait for eternity; bitcoin will never drop to your set price, and you will eventually miss out on investing in bitcoin.However, as far as I feel, investment should never be taken as pressure, if an investor thinks before investing that he can invest $50 per month, then I would advise him to invest $40 per month. The reason for giving such advice is that there may be times when money may be needed, but at that time the investor is not able to invest in the same way, so he should invest $40 and keep the remaining $10 in his emergency fund so that he can use it in any danger and so that his investment remains consistent even during financial disasters.
Yes, investment should never be taken as pressure so that we will not invest wrongly, but if it's because an investor decided to invest $50 per month with either the DCA strategy or the lump sum strategy, you may be wrong that the investor is under pressure because you don't really know the income size and the discretionary income size of the investor to determine if he's overaggressive in his bitcoin investment. Before an investor will decide to invest $50 per month with either the DCA strategy or the lump sum strategy, the investor is fully aware that he's supposed to make provision for his emergency funds after or before starting a Bitcoin investment, which I believe he has made available for his emergency funds before he decided to invest $50 into Bitcoin, so if there's any emergency in the future, he can easily take care of it and continue investing in Bitcoin consistently.Procrastination has made a lot of people who knew about Bitcoin early miss out on investing and accumulating Bitcoin because they were procrastinating. Anyone that wants to invest and accumulate bitcoin now but thinks that the bitcoin price is too high for him to invest in bitcoin should not worry; he can use the DCA (dollar cost averaging) to accumulate bitcoin little by little, and if he's consistent in his accumulation, before he knows what he's doing, he will accumulate a sizeable amount of bitcoin.
Buying aggressively all the time is not a good idea. Because if a person buys aggressively every time, if he needs some amount of money, then maybe that person can get very broke. For example, if a person invests with 80% or 90% of his discretionary income all the time, then when there is a small financial crisis, he will have to depend on his emergency fund or take a loan from someone. But yes, how much % to invest is completely their personal choice. But I think it is right to invest 35% to 45% of your discretionary income. Because it will not be too aggressive and not too low.
You can continue to buy continuously by adopting the DCA method and if you see a decline in the market, you can buy aggressively if you want.
If an investor is strictly investing in bitcoin with his discretionary income, he is free to invest in bitcoin with all his discretionary income if he chooses to do that, and he will not have any problem in solving his living expenses because discretionary income is meant to be used and paid for non-important items like vacation. Any financial crisis that happens after you have paid for your monthly expenses should be treated as an emergency because you don't plan for it, and you can freely depend on your emergency fund to solve the financial crisis and keep investing in bitcoin consistently.You can continue to buy continuously by adopting the DCA method and if you see a decline in the market, you can buy aggressively if you want.
Yes, diversification does not mean that the investor has to invest in Bitcoin along with other cryptocurrencies or gambling tokens. Diversification is done to reduce the risk. Not putting all the eggs in one basket, but in different baskets. But when he keeps his assets in shitcoin, his attention to Bitcoin will be lost. After holding shitcoins for a long time, when he loses that money, his greed will also affect his Bitcoin investment later. This will destroy his long-term dream of investing in Bitcoin. For diversification one can also keep his assets in real estate or any other platform, but when he keeps them in shitcons, he can be cheated at any time.
Yeah, diversifying our investment is good, but since we are still early in Bitcoin investment, it is good for us to remain focused on our Bitcoin investment and forget about diversifying our investment for now so that we will not get distracted. It would even be better if we used the money for diversification to front-load our Bitcoin investment so that we can increase the size of our Bitcoin holding. Maybe when we have accumulated the quantity of Bitcoin we want, we can then think about diversifying our investment or, better still, start accumulating Bitcoin again.Apparently it seems that you don't comprehend the indepth of my post or maybe you are among those that encourages the mindset of saying that until I have a strong source of income I will not invest in Bitcoin when all we needed to figure out is only if we have a discretionary income to invest, my assertion was that even those with an irregular income flow can invest in to Bitcoin right away with the DCA strategy rather than waiting for a dip that may or may not happen provided that there is an availability of a discretionary income at some point in their life, for those with an irregular income source at any point they discover that they don't have a discretionary income to invest they can pause their investment and continue whenever they have. Secondly, It is old fashioned to save money before buying Bitcoin perhaps you are not buying a whole bitcon but a fraction with the dca strategy.
I guess you can't understand what is written, or you are in the mode of responding without reading carefully. I suggest you reread the first message you responded to. People can't invest without a source of income. Unless you have found a way to create money out of thin air, your suggestion is invalid. How do you think a person with no income can buy Bitcoin? Saving money means putting money aside for investment, there is no timeline stated here. You can buy Bitcoin as soon as you have money to spare. The fact that you have to explain something so simple gives the impression that you are a person who can't understand what you read but only writes to give the answer you have in mind.
Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time
You are right ,most people that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.⭐ Merited by Perfectbaby (2)
4) Watch out for fake alerts, always make few transactions when you are paid to confirm if the money still remains in your account: We know say fake alert don dey everywhere since the country hard now and most people dey always try to play smart just to scam people when them do p2p transaction, to avoid stories that touches the heart during p2p transaction you need to make use of the money wey Dem pay you buy something even though na to buy recharge card just buy so that you fit confirm if the money still dey intact before you release your coin. You fit delay the marchant but to avoid scam you need to do anything to avoid losses.
In other words, we should avoid or stop using nokia touch in receiving alerts during P2P transactions so that we will not fall victim to fake alerts because nokia touch can't detect a fake alert. We should make use of a bank that supports internet banking and a phone that can install the bank app we are using to receive payment in a p2p trade so that when we receive payment in a p2p transaction, we can easily log in to our bank app and verify if the alert is a real alert or fake alert before we release our coin to avoid any story that touches the heart.⭐ Merited by Perfectbaby (1)
Wow, 6 pages of submissions, I really didn't expect that, just wow. In our German local board we have not a single application for the same topic. 
And I've good news, all submissions were eligible to receive Merit, so Merit is distributed so far.
Keep up the good work in writing quality posts.
And I've good news, all submissions were eligible to receive Merit, so Merit is distributed so far.
Keep up the good work in writing quality posts.
On seeing this before my application, I felt I was late already. Feeling as bad haven lost opportunity of courage and upward move (as per merit increase).
But that didn't happen. OP still continued encouraging more people. The joy is real, dropping a meritable post just like every other merited post.
Re: The perfect identify for a Nigerian whose major source of income is Bitcointalk
⭐ Merited by Perfectbaby (3)
We are living in a society where every young man is seen as a "Yahoo boy, so telling police officers or EFCC officers that you are a Bitcoin discusser and you make your money by discussing Bitcoin will easily put you in trouble because police officers or EFCC officers will see you as a "Yahoo boy that is using Bitcoin discusser to cover up his fraudulent activity. It would be better if you never let police officers or EFCC officers know you make your money through discussing bitcoin if you want to be safe and protect yourself from being harassed by police officers or EFCC officers. Anytime you are travelling and you know you will pass police officers on the road, you better hide any app that will expose you you are into "cryptocurrency, and if police officers ask you what you do to earn money, you can tell them you are a farmer and your speciality is training animals to eliminate any further suspicion from the police officers.
Many thanks for your numerous submissions so far, all of them have been eligible to receive Merit, which is distributed now.
Keep up the good work and see you around. I will continue to reward good nominations by distributing Merit for it.
Keep up the good work and see you around. I will continue to reward good nominations by distributing Merit for it.
Boss it is a new month from here already happy new month boss, I want to get a clarity on something, since you said one submission every month by each user, should people start resubmitting for this new month from today or should everyone wait until their last submission day which will make it complete one month for them to submit a new one?? Thanks for your understanding on this question.
I agree with you, but there are things you should understand that there are sets of people that it will take time to understand a particular thing while their sets of peoples that it will just take some minutes to understand so one thing about life is that people's will still continue to talk about emergency fund almost every day for those that have not catch the point of building up emergency fund to see its important because as days is passing by that is how we seeing newbies joining these thread, so as much they are seeing it can be analyze and how important emergency fund are to any investors or any beginners, for any investors to able able to archive long term investment that will last from 4-10years, a newbies should make sure that he accumulate both emergency fund too.
Bitcoin investment shouldn't be what will take people much time to understand a day learning should be able this basic knowledge of bitcoin and start buying bitcoin if he has his discretionary Income, investing with the dca will be best as a new investor so that gradually you can be buying bitcoin with your little Discretionary Income every weeks or months and also plan on how to get your emergency income incase what will won't be expecting occur we can easily solved it without thinking of selling our bitcoin and also know when to buy bitcoin aggressively without it affecting so you can also increase your Bitcoin portfolio and hodl for a very long time, bitcoin will be understood more better when an investor decides to get started by buying bitcoin.Being aggressive is supposed to be a constant routine in your accumulation of bitcoin, although you must be very intentional with it and not in any way overdo it so that you would not introduce unnecessary financial pressures and stress upon yourself while trying to be as aggressive as you cannot sustain in your accumulation journey.
Why is it always advisable to accumulate in a full or whole cycle? There are tons of reasons, but let me just mention few , accumulating in a full cycle will help to avoid timing the market (using dcaing for instance). Because is very difficult to time the market , that’s why you can just have a fixed time for your accumulation.
And also is gives you enough time to build a meaningful position (but most time it can take you more than a whole cycle though depending on how consistent or aggressive you Are), is nice to be aggressive when accumulating bitcoin, but don’t over do it in the term of using other funds than your discretionary funds, so that you won’t fall in a situation that you will have to run to your investment in order to start handling some expenses.
So anyone can choose to be aggressive whenever they want as long they are consistent with their accumulation.
Most folks tend to be aggressive during the dip , why ? Because they sees it as an opportunity to buy more at a cheaper rate . And this is far different from waiting for the dip because as they are waiting for the moment to be aggressive they are accumulating with their pace .
⭐ Merited by 1miau (1)
Bitcointalk name: Nightwatchmare
Post link: https://bitcointalk.org/index.php?topic=5543633.msg65397494#msg65397494
Reason why Merit should be distributed: Letting the Nigeria local board know merits earned in our local board is mostly on posts created by members rather than engaging on the topic created by another member.
Post link: https://bitcointalk.org/index.php?topic=5543633.msg65397494#msg65397494
Reason why Merit should be distributed: Letting the Nigeria local board know merits earned in our local board is mostly on posts created by members rather than engaging on the topic created by another member.
Maybe there was still time to buy, this may be the last lowest price of Bitcoin, but I am not buying.
Why? I am hoping that the price will drop further, the dip price,, when will the dip price come again?
The dip prize we want will never come again.
If you keep procrastinating, you will never invest in bitcoin. You want to wait for a dip you don't know when it will come? Bluedrem, there are plenty of investors in this thread who missed investing in bitcoin when the price was not even up to $1, and when they knew about bitcoin, the price was already up to thousands of dollars, and they didn't allow procrastination to stop them not to starting bitcoin investment. And today they will be happy for not thinking like you. Maybe you are in this thread without knowing how the DCA strategy really works, and that could be the reason you want to wait for a dip to get started with your investment. But let me introduce you to the DCA strategy that can help you start investing in bitcoin without waiting for a dip, and as long as you are consistent with your investment, you will still have the opportunity to invest in bitcoin in a dip because you will be investing in bitcoin weekly or monthly, depending on the one that is preferable to you.Why? I am hoping that the price will drop further, the dip price,, when will the dip price come again?
The dip prize we want will never come again.
Buying every moment of bitcoin has proven itself to be the best approach to bitcoin investment while aiming for long term holding. Bitcoin has once more raised the bar by setting a new ATH crossing over $110k. If you are still confused about how effective holding your bitcoin is, remember how those who sold under panic would feel now that we're in a new ATH. Thanks to Trump's administration for having this under their watch.
https://talkimg.com/images/2025/05/22/UayX8c.jpeg
Before Trump's administration came into place and supported Bitcoin, Bitcoin had already achieved so many ATHs in the past, and this new ATH shouldn't be a surprise to you or make you give Trump's administration credit for the accomplishment Bitcoin has achieved this year because Bitcoin is destined for greatness, and we are just seeing one of its moments now. If Trump's administration ends today, Bitcoin will still be Bitcoin, and it will continue to achieve new all-time highs in the future.https://talkimg.com/images/2025/05/22/UayX8c.jpeg
⭐ Merited by justinlamode (1)
Long term is 10-12 years maybe a bit long. If an investor wants to withdraw profits and increase the amount of real assets within four years (one cycle), then it can be realistic for him. Instead of withdrawing his entire investment. If his profit amount in one cycle is more than he thought during the period of regular DCA method. For some reason, the possibility that the price of Bitcoin may fall should be considered in the investment thinking and you may be better off removing funds equal to the profit from the capital after a cycle.
Continuous DCA strategy and accumulation will continue and there is a strong desire to increase your assets from profits. I think selling Bitcoin before the completion of a four-year cycle is a trading mentality, so the long term should be 4-10 years.
The perspective depends on yourself in this case especially for bitcoin because in the end what we call long-term may not be for others and vice versa.Continuous DCA strategy and accumulation will continue and there is a strong desire to increase your assets from profits. I think selling Bitcoin before the completion of a four-year cycle is a trading mentality, so the long term should be 4-10 years.
Regardless of whether the duration of time is considered long-term in the end as long as it is more than 1 or 2 halving rounds I think it is considered long-term so there is no need to question whether it is too long or not because it all depends on each perception.
I personally will still make this a long term but as for the investment time made it depends on my own perspective as long as I am still able to withstand then it doesn't matter if it is done for 5 years, 10 years or even more because after all when in bitcoin when the duration gets longer then the effectiveness and risk will be narrowed down so it is quite normal and very worth it to do when in bitcoin for the long term.
As long as we are able to withstand why not.
As long as we are able to withstand why not.
It is very possible to Hodl for As long as you are active which presents bitcoin as a retirement plan order than just an active turnover business. Being active here means before retirement, when you could have a basic income to plan with. To an extent, Long term investment starts and ends in the mind: Your ability to resist push or pull due to market volatility. You could buy as little as you can hold off your discretionary income instead of accumulating Aggressively possibly by lump-sum or DCA beyond your capacity. The moment we avoid investing beyond our strength, then anyone could buy, buy and buy without getting tired of buying.Investing as low as 50% of your discretionary income can still be termed aggressiveness although some investor tends to be more aggressive than others and some can go as high as 70% of their discretionary income, yet every investor is advised to be as aggressive as they can without overdoing it or putting themselves at a disadvantage.
It's important to invest in Bitcoin because if your financial condition after 10 or 15 years is not good despite all the hard work you do in job then it's you who will suffer. This is also a reality that due to high inflation and low pays people are not left with anything to invest in bitcoin. In that case a person must look for alternate ways on how he can earn and invest in Bitcoin. One way is to create an account here and upgrade it to higher ranks and earn through services like escrow services, lending coins and more. There is no excuse for not investing in Bitcoin.
It is not right to advise or force someone to invest. This can harm you. For example, if you advise someone to invest, if the Bitcoin market falls a few days later and his holdings are losing some money, he may panic and sell his holdings. He will blame you completely for his losses. If someone is willing to invest, then if he comes to you and asks for some advice, then you can present to him the basic knowledge about Bitcoin and the Bitcoin network system. And you can tell him that you can do more research and decide.
Those who have low salaries can continue to buy using the DCA method if they want. You can continue to buy on a weekly or monthly basis
Just as you have said , their could be a reason for investment and it could be retirement purpose ,solving health issues and gifting next generation,for instance a 30years old investor , who has invested for 10 to 15years into Bitcoin , then has an issue in his late 40s or stop working because of one or two reason, sometimes things doesn’t go as per plan , it could be sack due to conspiracy in the office, and it’s not yet time for retirement and you are still healthy , I believe with such your investment could still help out ,so when job fails ,your long term investment could still stand you , that is why it’s good to start investment earlier and with a long timeline.
emergency fund it’s only for emergency if need arises one can just deep hands into your emergency fund and sort it out .
this whole concept is all about developing the habit or attitude to make provision of emergency and reserve fund in case problem comes so that selling bitcoin shouldn't be the first thing on your mind, because you have a long term plan and the sole purpose of why you need bitcoin investment at the first place is not to sell too quickly but for retirement purpose.
It's important to invest in Bitcoin because if your financial condition after 10 or 15 years is not good despite all the hard work you do in job then it's you who will suffer. This is also a reality that due to high inflation and low pays people are not left with anything to invest in bitcoin. In that case a person must look for alternate ways on how he can earn and invest in Bitcoin. One way is to create an account here and upgrade it to higher ranks and earn through services like escrow services, lending coins and more. There is no excuse for not investing in Bitcoin.
It is not right to advise or force someone to invest. This can harm you. For example, if you advise someone to invest, if the Bitcoin market falls a few days later and his holdings are losing some money, he may panic and sell his holdings. He will blame you completely for his losses. If someone is willing to invest, then if he comes to you and asks for some advice, then you can present to him the basic knowledge about Bitcoin and the Bitcoin network system. And you can tell him that you can do more research and decide.
Those who have low salaries can continue to buy using the DCA method if they want. You can continue to buy on a weekly or monthly basis
With bitcoin as well rest of the altcoins every dip is an opportunity to make an investment. Very few make use of this while majority of the users just keep hold of the assets for the bull trend. To make a good profit out of bitcoin it is a must to move along with the market than just holding focusing on targeted growth.
Very true but basically trading seems tactical unlike any other making scheme because when you're not getting a verified information about the market trends, it tends to disrupt the process of you gaining profits talk more of investing in the long run. Though long term investment are sure jackpots so buying and hodling can be a very taunting decision to make.
Considering how bitcoin moved from $80k to over $100k in few days or weeks, you’ll agree that, someone might buy bitcoin with hopes of making 20%, regardless of how long it will take despite’s the volatility of the market, what this very holder is focused on, is achieving a 20% return and the moment this goal is achieved, it’s at this point, not really a bad idea to take profit or set another goal and as much as holding bitcoin for long term seems safer, that should not mean that, we shouldn’t make use of good opportunities when they present themselves.