Ha ha ha, no, I never believed that. People believe in cash. They do what they see. Also, around 2015, we heard about some currency scams. At that time, people knew Bitcoin as a scam. So most people tried to stay away from Bitcoin then. Later, with the evolution of time and the blessings of technology, people started knowing the real truth, then the importance of Bitcoin started increasing. So I think at that time, people did not want to invest spontaneously like today.

Round 1

Re: Are you worried about the Bitcoin market today?
Category : Opinion
Section :  Naija Local Board

Re: Buy the DIP, and HODL!
Category : Opinion
Section :   Economics > Speculation

Re: Buy the DIP, and HODL!
Category : Opinion
Section : Economics > Speculation

Re: If this man can then you can
Category : Opinion
Section :  Naija Local Board

Re: Buy Buy Buy or Sell Sell Sell?
Category : Opinion
Section : Economics > Speculation

Yes, you are right. We should not wait to gain complete knowledge before investing in Bitcoin.

If we do not start a job, we do not know the small details of that job. People usually talk about only a few specific aspects. These seem very easy to hear. But when someone goes to do that job, he realizes how difficult the job is. There are many small things that you can discover yourself and with time you will also find ways to remedy them. If someone just plans without investing, he will never be an investor. You have to start investing small amounts, then you will definitely understand when to do what. By investing in the DCA method, we can learn to make small investments. And over time we will understand how to become a long-term investor.

So I think we should start investing without waiting to gain complete knowledge about investing. With time, acquiring the right knowledge becomes very easy.

Even if the price of Bitcoin increases further, it will be a very good investment opportunity.

Those who invest in Bitcoin for the long term never worry about the price. Short-term investors and traders are the ones who worry about the price of Bitcoin. When the price drops, they try to buy and sell at a higher price, but they lose money again and again. Because no one knows when the price of Bitcoin will increase or decrease. Short-term investors invest aggressively. They do not have any funds to meet their daily needs. As a result, they sell Bitcoin at a loss.

They repeatedly suffer big losses in the hope of small profits.

Yes, I agree with you. I would blame the dollar as one of the reasons for this kind of inflation in our country's economy. Although the dollar is helping us meet our financial needs. But, it is because of the dollar that we have such a big inflation. We should not be overly dependent on the dollar and our economy should focus on development. If we still take effective measures, then I think our economy can be fine again.

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Reserve

$111,150.12

You cannot be aggressive if you only have discretionary income. It is natural to invest aggressively while looking at the market while investing. If you can analyze the market properly, then you can buy aggressively when the price falls. But if you only have discretionary income but no funds, then you should not invest aggressively. The money left after fulfilling your needs is discretionary income. But if you do not arrange any funds, then you can never be successful in investing, it is wrong to think of aggressive investment.

We may suddenly face financial crisis. So if we cannot deal with that situation, then we have to sell our investments. Which prevents us from being successful investors. We have to continue investing after facing any situation. So first create a fund from discretionary income and then think of aggressive investment.

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Time: 9'

$ 144,531.88

You are right, the youth of Niger are very keen on adopting crypto and Bitcoin. But we should not forget that Bitcoin or Crypto is a threat to fiat currency. Currently, Nigeria is facing massive inflation. At such a time, Crypto will usher in a new and bright future for all of us.

But we know that it will not be easy for any government to control Bitcoin. So I think, Bitcoin will not be under the control of any government. But it is a good opportunity for individuals to adopt Bitcoin and improve their livelihood.

From your suggestion, I understand that I need to use an Electrum wallet to store my Bitcoin. Aren't wallet and exchange two different things? I can use an exchange to trade Bitcoin. And a wallet is just for storing Bitcoin. Am I correct?

Hello friends. I am a new member of this forum.

I was trying to get an idea about Bitcoin. While learning about Bitcoin, I understood the exact meaning of digital assets. I used to think that real life assets like gold, land, house and other things are real assets. But I didn't know that there is such a thing as digital assets and it is so interesting and exciting. After coming to the forum, I learned about cryptocurrencies. I learned about Bitcoin. I learned about digital assets and got a rough idea about how to invest. I learned about the investment method of Bitcoin. I am very happy to learn about so many new things.

But I don't know about wallets. I don't know how to use wallets properly. Which wallet should I use to invest in Bitcoin? And what should I do? I want to know about wallets.

Yes, you are right. In fact, forums help people to make the right decisions. It is a place where one can gain knowledge directly from people who are experienced in various subjects. If we keep doing wrong things without understanding any subject, then from now on we will be able to do the right thing using the concept. Even beginners like me can learn various complex subjects in a very short time and very easily. I am very happy to be a member of the forum.

Yes, I understand from the experts that DCA is the most discussed and accepted strategy.

The biggest reason for this is that rich and the poor can invest in the DCA method. There is no pressure. Because no matter how much the price of Bitcoin increases or decreases, it does not affect the investor's investment. The investor can set a specific goal and continue to invest. They do not have any trouble in taking long-term goals. On average, very good returns are obtained. For all these reasons, the DCA method seems to me to be the only investment method. Also, I think it is not right to invest with so much pressure at the beginning of the investment. If I gain more experience in investing, I can try other methods, but before that I will follow the DCA method.

To me, investing in other methods is like being under pressure. Although everyone knows that no matter how much the price of Bitcoin decreases, the price will recover. Still, I consider buying lamsum and dips to be uncertainty.