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Re: Buy the DIP, and HODL!
by
Notalony
on 21/12/2024, 15:27:34 UTC
Quote from: SuperBitMan on Today at 10:03:11 AM
Quote from: Tonimez on Today at 07:23:00 AM
Quote from: Popkon6 on Today at 06:08:05 AM
Quote from: Ricardo11 on Today at 05:21:39 AM

Buying Bitcoin at the current price may seem to many like, "This is too expensive, it would be better if it was a little lower", but the current price is never much higher compared to the possible future price.
Yes, you are absolutely right that starting to buy right now can be a welcome opportunity for beginners, because Bitcoin is currently priced at $97K, which is a good price compared to its potential future value, the current price is an ideal price to start investing.
So those who believe in the future outlook of Bitcoin, they should start investing without delay, because its opportunity can go away at any time. So, instead of depending on time and waiting for DIP, keep investing continuously, and keep increasing Bitcoin stash. The future of Bitcoin is very bright.

Those who will invest in Bitcoin certainly know that the future of Bitcoin is bright, but we have to start, so we have to move forward with this effort, how a new investor will invest at the beginning. In the case of Bitcoin investment, newbies will panic when they see the price change, but there is no reason to panic, if you invest in Bitcoin using the DCA method, the investment will definitely be long-term and only if it is long-term will there be an opportunity to hold Bitcoin in the future.

So we will invest some of the money we earn in Bitcoin, and the risk is much lower in this, newbies can invest in Bitcoin at any time. However, generally buying dips is another strategy for investing in Bitcoin, where we must meet the money demand for each dip purchase, so we must create a path for our investment.

Buying the Dip is good. But the question is for how long will you wait for the Dip that will be pleasing to you?? Bitcoin is not controlled by your individual wish or desire to buy at 20k.
Bitcoin is a moving train and every day is open to investors. Bitcoin is currently at 98k which is a perfect time to buy and Hodl. Another problem people have is fear. Many do assume the price will fall after they have invested, but the aim shouldn't be short termed. HODL for long in other to reap from the long term benefits of bitcoin. Newbies are prone to fear and this is not out of place.

Waiting for a dip to happen before one can start accumulating Bitcoin is a waste of time, people who are always interested in waiting for dip before they can accumulate are usually traders, someone who wants to hold Bitcoin for 10 years and above won't see any reason waiting for dip because they know the price of Bitcoin now won't be the same in the next 10 years to come.
Dip should be something we benefit along the line of our accumulation journey you don't wait for it, just keep moving and you will meet it along the road.
We all know a dip will surely happen in Bitcoin investment but you won't wait for it start your accumulation journey and when ever it comes you make good use of it, all you need to do is prepare for it while accumulating not waiting for it to happen before accumulating.



I don't agree with you on this because i have learnt that there are those who might have gotten to their somewhere close to their fuck you or maintenance status that may decide to only be buying whenever there is a dip and that doesn't make them a trader,  I agree with you on your other words, even though buying at dip offers buying more Bitcoin at a lesser price when compared to buying when the price was high, any one that still have a long way to go in their Bitcoin accumulation journey shouldn't wait for it as not to miss good buying opportunities.
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Re: Buy Buy Buy or Sell Sell Sell?
by
Notalony
on 21/12/2024, 09:12:27 UTC
Quote from: SuperBitMan on Today at 07:13:44 AM
Quote from: Pi-network314159 on Today at 05:33:57 AM
Quote from: JayJuanGee on Today at 02:52:29 AM
It is like someone calling you out and asking you if you can go out to a nice restaurant to eat.  Usually, you spend between $3 to $15 for the ingredients and preparation costs of your regular meals, yet you know that if you go to the nice restaurant that is being suggested, it is going to cost you at least $50, and it might cost you even a bit more.  So you have a question in your head about whether you have the $50 or not.  If you do, then you have discretionary income that you could also choose to spend in bitcoin rather than going to that nice restaurant.
Yeah this could be another explanation of discretion.  Being able to afford a meal of $50 or not is determined by your level of discretion. If a person often spend some bucks on food like 5-$10 and decide to have a nice and more decent meal for an outing depends on his discretion. He may chose to buy a meal of $50 or decide to invest it on bitcoin and go back home to eat his regular meal just being financially wise is the case.  But If also he has a more decent amount in his discretion then he may well spend the $50 and yet not being affected by his regular investments. So the main point is that weather you chose to increase or decrease in our spending all
Depends in your discretion.

Having a good discretionary income is very nice because that's what you use to accumulate Bitcoin and if your Discretionary income is small your Bitcoin accumulation will be slow compared to someone who has a big discretionary income however this may be defeated if you lack management skill, some people have good discretionary income and still find it hard to accumulate because they don't manage there income very well why some set of people have small discretionary income but because they have good management skill they accumulate with ease, so knowing how to manage your discretion income will determine how far you will go in your Bitcoin investment journey.

On the contrary, Since Bitcoin investment is made in such a way that anyone can come in with the little amount they have, which is meant to be within their discretional income, their is no reason making any form of comparison because it shouldn't be competitive, that your discretional income is small doesn't mean or shouldn't make anyone feel that their investment is slow because they are investing within their pace and peace of mind which is paramount, with is most important is your consistency since the target is for a long term.


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Re: Buy the DIP, and HODL!
by
Notalony
on 10/12/2024, 10:27:34 UTC
Quote from: Nheer on Today at 08:03:54 AM
Quote from: Uhwuchukwu53 on Today at 05:34:05 AM
Quote from: promise444c5 on December 09, 2024, 07:45:45 PM
Quote from: leonair on December 09, 2024, 05:24:42 PM
Snip
Snip

Actually confidence is a tool while many failed and some too with hood confidence overcome the force of selling off their holding, but there is one aspect I do consider while most holders sell off their Bitcoin the area of unforseen circumstances and loss of target over speculated period of time, some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
An important aspect is discipline and I think this is what you are trying to point out, it is a quality that every investor needs to have to be a successful bitcoin holder because the journey is not always rosy and it will take a strong mind to withstand and overcome the selling pressure when there is a dip in price during bear season. A disciplined mind will achieve a whole lot over a long period of time with bitcoin, there is no need to panic and sell when things are not going well you just have to keep in mind that there will be ups and downs during the journey.

To avoid selling we need to strategize and plan our investment properly and not invest money we intend to use for other things and we should always set aside emergency funds to cater for unexpected expenses to avoid liquidating assets prematurely but most investors take it for granted and feel it’s not a necessity.

What determines or make one a good long term or successful Bitcoin holder, is not only having the ability to withstand and over comes selling pressures when there is a dip in price during bear season it is also has to do with over coming the temptation of selling even when in profits during a bullish season, there are weak hands that can sell there Bitcoin during bullish season and not only during a bearish season.
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Re: Buy the DIP, and HODL!
by
Notalony
on 08/12/2024, 09:18:19 UTC
Quote from: Tonimez on Today at 06:52:18 AM
Another worrisome thing about buying and holding Bitcoin is fear. This is the reason why a person needs to equip him or her self with the basic knowledge of crypto and bitcoin.



Am very specific about Bitcoin and not crypto, there is nothing more your are referring to if not the fear of uncertainty, but the truth remains that we must be prepared from the down and figure out what may or may not happen at the top, one must get the fucking started which is the first step, don't use the money that is meant for or allocated to solve your living expenses, rather you should use the money that you will not be needing for like 4 to 10 years or more comfortably, that way I think your worries will be less because you are not using the money that you should have used to solve your living expenses to invest, this are few things I have been reading through in this thread but I don't know if I have put them in 5he right way.
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Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Notalony
on 07/12/2024, 09:12:06 UTC
⭐ Merited by JayJuanGee (1)
Quote from: Olatundespo on Today at 08:27:44 AM
Quote from: JayJuanGee on Today at 05:07:55 AM
Quote from: Olatundespo on December 06, 2024, 03:17:09 PM
Quote from: Tmoonz on December 06, 2024, 01:07:56 PM
[edited out]
In the current market, buying for new investors may not be aggressive as the price trend is upward, but it is important to ensure proper use of money so as not to necessarily add discretionary money to the buy of Bitcoin.

You sound confused, Olatundespo. 

First, if a a person is a new investor then presumptively such person either does not have any bitcoin or has low amounts of bitcoin, so if they are going to prepare for up, then they need to buy... so I am not sure why you are suggesting that the BTC price would necessarily affect their level of aggressiveness.  Sure, their not being clear about their cash or about their level of discretionary income might affect how aggressive that they are able to be, but not the BTC price.

Second, you seem to not know what is discretionary income, since you are saying that discretionary income should not be used to buy bitcoin, when actually the opposite is true.

Discretionary income is the amount of money that is left after accounting for expenses, so any bitcoin that is bought should ONLY come from discretionary income not from other money that might be needed for expenses.

Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.

I have been going through this thread for quite some time now without posting, but on seeing this and with the little I have learnt here, there is nothing wrong buying aggressively without over doing it even when the price of Bitcoin is high.
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Re: Drop a good book, get merits
by
Notalony
on 13/11/2024, 14:29:42 UTC
You can also check this out

The power of mental discipline by Alec Zeit
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Re: Buy the DIP, and HODL!
by
Notalony
on 10/11/2024, 22:18:16 UTC
Quote from: Proty on Today at 07:56:13 PM
Quote from: Mayor of ogba on Today at 01:12:37 PM
Quote from: Student of Bitcoin on Today at 04:38:59 AM
I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in the DCA method?  Or investing in memcoins or sheet coins is easy.
You are in the right thread when it comes to starting your bitcoin investment. I can see you are a newbie, and I will advise you to use the DCA strategy in starting your bitcoin investment because it will allow you to consistently accumulate bitcoin without waiting for the price to drop. And since bitcoin is a long-term investment, I will advise you to use the money you will not need for 4-10 years or more to invest in bitcoin so that you will not depend on your bitcoin investment to survive. As for investing in shitcoins, I will not advise you to do that because you lack the experience and knowledge to spot the right shitcoins to invest in, and you will lose all your money if you invest in shitcoins.
The term right shitcoin may sound some how misleading to newbie because they may perceive it that there are shitcoin that have the same potential as bitcoin or worth, so lt would be better we stick with the term shitcoin instead of right shitcoin to avoid any form of confusion why trying to  distinguish between bitcoin and shitcoin and i would advise newbie to focus on bitcoin accumulation because there is nothing like right shitcoin , shitcoin is shitcoin and they can never be compare to bitcoin.

It is retarding how some people presume that some shitcoins are more shitty than the others shitcoins is shitcoins whichever way it is we shouldn't give any credit that some shitcoins are better than the others since they can not in any be compared with Bitcoin ,  it is a waste of time for any one attempting to figure out which shitcoins is better than the others, especially if we remember that they depend on Bitcoin for their performance, focusing on Bitcoin is just the best.
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Re: Buy the DIP, and HODL!
by
Notalony
on 10/11/2024, 07:46:26 UTC
Quote from: Wolf of One Street on Today at 07:21:26 AM
Quote from: Justbillywitt on Today at 06:51:32 AM
Quote from: Student of Bitcoin on Today at 04:38:59 AM
I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method?  Or investing in memcoins or sheet coins is easy.
The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.

My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.

Can you explain better what and how this DCA works?

From the little I have learnt about the DCA strategy while moving around the forum, the DCA strategy is a strategy that helps investors to accumulate Bitcoin on basis either weekly or monthly irrespective of the price points, and it is very powerful if applied with consistency over a long term.
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Board Beginners & Help
Re: Can I invest in month of October?
by
Notalony
on 27/09/2024, 16:40:57 UTC
Quote from: Different patterns on Today at 06:21:12 AM
Good day to all members of this great community! I previously asked questions and received helpful answers and advice from our elders to focus and engage with different boards to learn and grow. As a newbie, I'm eager to continue learning and have another question.

Which is I came across a news article stating that October is approaching and is a highly potential period for Bitcoin, suggesting it might be the right time to invest. My question is, is it advisable for a newbie who has never invested in Bitcoin before to take advantage of  October too Are there any limitations or considerations I should be aware of as a newbie?

The source
https://azc.news/3-reasons-why-you-should-buy-bitcoin-in-october-id29080/


From the little I have learnt, I think is a wrong approach for a newbie trying to figure out the right time to enter in to Bitcoin, if truly the plan is to invest and hold for a long time rather trading for short term profit, the advice I have always seen as newbie investor is to get started preferably with the DCA strategy of accumulating Bitcoin by buying frequently either weekly or monthly without considering the price points.
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Board Bitcoin Discussion
Re: Is The election worth the hype for BTC
by
Notalony
on 23/09/2024, 16:00:16 UTC
Quote from: ImThour on September 11, 2024, 09:02:44 AM
I personally think it does matter. Overall, most of the retail is waiting for the election result and if it comes in favor of Donald Trump, BTC price will rise up quickly.
This is a pure speculation as of now however if this happens, you will see it happening right in front of you. Donald Trump winning as a US president is some how bullish for Crypto.

As he have advertised himself as a savior of Crypto.

I don't really believe much about the election manipulation as to what will become of Bitcoin after the election, nothing is very certain because people most times consider making promises or using strategies they feel is good enough to get much of support from people and after assuming office they do the other wise, the thing is we shouldn't raise a higher expectations, Bitcoin will still survive with or without the election manipulations.
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Re: Road to 100k?
by
Notalony
on 19/08/2024, 13:21:49 UTC
Quote from: Ruttoshi on Today at 10:56:16 AM
Quote from: SuperBitMan on August 18, 2024, 01:07:23 PM
Quote from: Odohu on August 17, 2024, 05:48:23 PM
Quote from: Cryptoprincess101 on August 17, 2024, 04:33:02 PM
Quote from: JayJuanGee on August 16, 2024, 04:31:07 PM
Of course,  everyone is at a different stage of their BTC accumulation journey, so if you have recognized bitcoin as a good investment, it could still take you years and years and years to establish your position, especially if you don't already have an investment portfolio or other places in which you can draw value in order to attempt to front-load your BTC investment.
Exactly, some people just feels that as soon as they are able to acquire some amount of Bitcoin that they are now true investors when they haven't even made any reasonable amount of it in their portfolio. Bitcoin investments is not a kind of backwards and forward investment where you will begin to relent at some point in your accumulating stages that is why it requires preparedness so that you don't even miss out in your accumulating stages and your commitment in making accumulations will determine how sizeable your portfolio will become, so for anyone who is not consistently accumulating it is going to take so many years before owning a huge portfolio and the portfolio of someone who just invested at once and the person that does continuous accumulations cannot be the same so also for someone who is making little accumulations and the other who is making huge accumulation so for the fact one own an investment in Bitcoin doesn't mean they would own huge portfolio except they act upon by making steady accumulations. Basically, anyone who have sources to front load their Bitcoin investments will actually own better portfolio faster than other that just depends on their regular accumulations.
I don't think there is any known quantity of Bitcoin that should make one a true investor, so I do not understand what you are driving at with your terminology. Remember that people financial capacity differs so what 1BTC will mean to investor A may be what 0.001BTC may mean to investor B and in the end both investors are true investors provided they invested with the intention of holding for long. In other words, as long as someone have the right mindset which is being part of Bitcoin HODLers, he is a true investor and the quantity of Bitcoin in his possession is immaterial.

We even encourage people to start with as little amount as they comfortably put in Bitcoin without panicking and from their build towards larger holding. If you want to have all the money in the world before starting investment, you will never achieve that so it is better to start small and watch how it grows and continue to add more so long as you have a bigger picture that you are committed to achieving.
Yeah you are right, some people feels that accumulating Bitcoin little by little is a waste of time so they feel saving up and buying in a lump sum is the best but one thing is that one can't have money in his or her bank account and be free from little financial problems that will eat up little of that saved money.
Some feels dey can't accumulate Bitcoin again because no matter how they accumulate it will never account to any reason Bitcoin.
People that has this mindset don't know anything about Bitcoin, they don't understand how far Bitcoin will go, now for me I know in the next 10 to 15 years Bitcoin will hit $500k to a million dollar or even more so me starting my accumulation now and continue be consistent will amount to a very good Bitcoin.
So accumulating little by little since one don't have funds for a lump sum is a very good strategy and that strategy can change your life in time to come.
Those who still don't believe in the growth of Bitcoin will regret like those that had opportunity to invest in Bitcoin 10 years ago but refused Because of there mindset.
In addition to what you said about the wrong idea of piling up funds in fiat to an extent before buying bitcoin is that in your bank account, the value of your currency will be depreciate due to inflation overtime, so why not buy bitcoin immediately with the little amount that you have to keep value of your funds and also to increase the amount of bitcoin in your portfolio gradually by putting your DCA ongoing, persistent and consistent for a very long time.

I could remember when I was very young, my siblings and I had one saving box each and whenever we are given money by family friends, visitors and relatives. We put the money in the box and we continue doing this for two years, when the time came for me to break my own saving box for the funds in it, I was shocked at how much I realized. It was big amount that some adults might will not be able to save on their own and you will not believe that the money will get to such amount.

Imagine if you are now buying bitcoin with your discretionary income whenever you receive your pay for 4-10 years above, how much will your bitcoin size be since bitcoin is an asset that the value increases overtime not like fiat that is stable.


What a nice illustration, the DCA strategy is very powerful no wonder it is being talk about always, it works like the power of an instalmental payment where you can pay out a huge amount of money little by little over a period of time, i had a friend that i lend some money to add up in his business and i adviced him to be paying intalmentaly he was surprised how he was able to pay up the debt within a short period of time which he never expected and i believed, that is how the DCA works since you be buying Bitcoin little by little just as you can be able to buy for a period of time possibly 4 to 10 years or more, definitely one will be surprised at the quantity of Bitcoin he or she must accumulate within such period of time if only one can be consistent.
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Re: Buy Buy Buy or Sell Sell Sell?
by
Notalony
on 19/08/2024, 12:35:35 UTC
Quote from: Barikui1 on Today at 07:04:00 AM
Quote from: Egii Nna on August 18, 2024, 09:37:20 PM
Quote from: I_Anime on August 18, 2024, 09:22:44 PM
Quote from: Egii Nna on August 18, 2024, 08:41:49 PM
One thing I believe in this life is that whatever you believe in that is how you will view it, so to me, if you can view a trader as someone who has not been patient, I won’t see anything wrong with it, and me supporting trading doesn’t still mean that I don’t invest in bitcoin. All I want people to understand is that the main reason why they see trading this hard is because it has a higher risk than investment because I have tested both and I know how it feels.

Well there's no problem in one trading especially when one still focus on accumulating while trading. The reason why most time we don't encourage trading is because most people go into trading hoping to get rich quick without having a proper learning phase, they may endup wasting valuable resources due to having half-size knowledge. So trading is not something that one will just go into one need to take he or her time to build a better knowledge on how trading works, before hopping on it .

But when comes to investing in bitcoin one don't need to spend much time in accumulating much knowledge first before going into it they can , just start their bitcoin journey aslong they have a proper basic knowledge on how bitcoin works, so that they can know how to purchase and keep it safe while they accumulate and hodl .

because all what bitcoin investment needs most is your patience to hold, but for bitcoin trading it needs more than only patience because there are a lot of ups and downs in bitcoin trading. 
Yea, what you are actually saying here isn't that bad, it's quite true, but I want to throw more light on it, though it's actually true that patience is one vital component that is needed to hold effectively, but patience alone is not enough, in other to be able to hold effectively as a long term holder, you needs a source of income and an emergency fund to serve your emergency needs during the rainy days, so it's not just patience that is needed to hold effectively.

Another important thing I consider very important as what also facilitate or aids holding is having is how much you are convinced personally about your asset, because there is possibilities of any one not to be able to hold effectively even with sources of income and emergency fund, all necessarily factors must be kept in place or look out for in ensuring hodling efficiency.
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Board Services
Re: [CFNP] Cryptomus | Signature Campaign | Accept crypto payments
by
Notalony
on 10/07/2024, 14:55:41 UTC
Quote from: DiMarxist on Today at 10:21:12 AM
The campaign manager is online now so let's hope that he will respond to the complaints in the forum and to know if the campaign is still active and we are to continue it not.

Every one is so curious if actually this campaign is still on going, it is quite confusing. It would have been really better if the campaign manager came address his workers regarding this.
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Board Services
Re: [CFNP] Cryptomus | Signature Campaign | Accept crypto payments
by
Notalony
on 09/07/2024, 06:04:56 UTC
Quote from: Just Say on Today at 02:29:11 AM
Quote from: Wonder Work on Today at 12:54:59 AM
Quote from: DiMarxist on July 08, 2024, 07:23:51 PM
Quote from: cryptomus_com on July 08, 2024, 03:49:00 PM
Hello. We are forced to exclude you from the subscription campaign without payment, as you have violated the terms of the contest regarding prohibited topics.

Thank you for your understanding.
How? Check my post history.
This same message was sent to me too but I didn't do anything wrong.  I did so except the ones they asked to post.  But I don't understand why this message was given to me.
I haven't received any such message but haven't received the payment yet. Has anyone already received the first week payment from this campaign?

-JS

I feel the same pain, I didn't receive any of such negative feedback neither did I receive any payment I don't really know what is going and I don't even if am to continue working this week or not, I really need some clarification for the op.
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Re: [CFNP] Cryptomus | Signature Campaign | Accept crypto payments
by
Notalony
on 08/07/2024, 20:00:16 UTC
Quote from: DiMarxist on Today at 07:23:51 PM
Quote from: cryptomus_com on Today at 03:49:00 PM
Hello. We are forced to exclude you from the subscription campaign without payment, as you have violated the terms of the contest regarding prohibited topics.

Thank you for your understanding.
How? Check my post history.

I think it is quite obvious that you are not putting on the campaign  signature code, which seems as one of the rules.
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Board Speculation
Re: Will BTC touch 100k in the next bull run ?
by
Notalony
on 08/07/2024, 04:02:48 UTC
Quote from: krishnaverma on July 03, 2024, 04:06:24 PM
Will BTC touch 100k in the next bull run ?  What is the maximum upside possible in this coming bull run ?

The 100k speculation has been is already all over and everyone is waiting patiently to see it happened, but it might even go higher than that, what am trying to say is that the 100k speculation for me is very much achievable in the next bull run, now is could be used to be accumulating as much as we can in preparation for the ups that will are hoping for, since buying more now will definitely be given more Bitcoin than buying when the price will be more than what we are seeing now.
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Board Beginners & Help
Re: Ranking up is possible! 2900 Merits earned in less than 12 months!My 11 Hints!
by
Notalony
on 07/07/2024, 18:14:18 UTC
I desire to be like you or even more than you some day, congratulations, you deserved even more of an accolade, you tremendous meaningful contributions in the forum can really be paid for, keep up the good work sir, you are indeed a role model to most of us coming up and we will get there soon, a journey of a thousands miles they say begins with a step, am happy to be in this forum where alot of knowledge are shared.
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Board Bitcoin Discussion
Re: Why you should only hold Bitcoin
by
Notalony
on 07/07/2024, 14:11:13 UTC
When it comes to holding potential, Bitcoin stand to be the best coin, historically it has been making a new all the high, so holding for long term for like 4 years and above will really much profitable, Bitcoin when it falls it rises again unlike most of  other coins when they fall they don't rise easily, to make the long story short, the performance of Bitcoin always determine the performance of other coins.
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Board Bitcoin Discussion
Re: biggest criticism of Bitcoin
by
Notalony
on 07/07/2024, 04:58:17 UTC
Quote from: Viscore on June 27, 2024, 09:30:00 PM
Quote from: DrHodler59 on June 27, 2024, 03:16:47 PM
Hello!

I would be interested to know what you think is the biggest criticism of Bitcoin or where you see the biggest weakness?

And what would you respond to this criticism if you were confronted with it in a conversation?

Thank you for your critical thinking!

Yours, DrHodler59
I will not go far but I guess Bitcoin will always be criticized as a get rich quick scheme because the government always supported that accusation. Now asking how to defend that, I would not actually go in details but always tell the people to do their own research. I think that's the best favor I can do for bitcoin, not easily believing on lies but learn to verify those criticisms through in-depth research first.

Bitcoin is not a quick and get rich quick scheme, for any one to have benefits from Bitcoin as an investment it will take alot of time with patients and consistence investing, another criticism is that most people always said that Bitcoin will crash some day buti usually let them know that Bitcoin is not a scammed project just like most of other coins, while they will be having negative feeling about Bitcoin others will be taken advantage of Bitcoin, but there is no reason for arguments perhaps Bitcoin is not for everybody and it is not by force for anyone to be convinced about Bitcoin potentials.
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Board Nigeria (Naija)
Re: Why some newbies dey quick lose interest for the forum??
by
Notalony
on 06/07/2024, 19:36:53 UTC
Quote from: Majestic-milf on January 02, 2024, 03:21:49 PM
My brothers and sisters for this kajad cabal I greet una and happy new year to all of us. I say make I table this matter for here and if say person don discuss this mata, my apologies as I no see any of such nature before I bring this one up.
 Wetin make me dey ask this question nah say after observation, I discover how some newbies wey register here, after them don drop some posts and e happen say one of the posts receive backlash, you go see say gradually, that user go start to dey scarce for here  and before you know e go twy before you see them.
 So I wan know from us, wetin we feel say be the reason wey dem dey lose interest like that? Abi nah say some no fit stand criticism or here too hard or wetin? Abeg make we discuss.

For me I believe that any newbie without a proper guidelines and orientation from whoever that introduced him or her in to this forum can easily loss interest, another thing is when a newbie is growing in the forum as quick as he or she want  there will also be a lost of interest, I will also add that if a newbie doesn't have enough courage to cope with the forum requirements such as being informative, educative constructive enough to be gaining merits which plays an important role in ranking up to the next level or rank, the newbie will also loss interest in the forum.