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Showing 20 of 71 results by Sjkah
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sjkah
on 04/09/2025, 07:14:01 UTC
I think we’re over exaggerating and over emphasizing on this Scenario, it’s just as simple of knowing when to stop if we’re choosing to be aggressive and knowing when to be aggressive financially, I think there is nothing absolutely wrong if we want to be aggressive and there are times we can be aggressive and there are also times we might not be aggressive, it depends on when we have more discretionary income to be more aggressive, because there is no way we can be aggressive when we don’t have a discretionary income, and we should be also smart and intelligent enough to know when is the right time to be aggressive and when it’s not the right time to be aggressive.
The truth is that buying Bitcoin aggressively is not a bad idea if you are doing it from your discretionary income, it is very good, especially if you are still far away in your accumulation journey,  where the problem usually lies is doing it outside your discretionary income, because by doing that it smells troubles in your ability to hold for a very long time.
Another thing is over doing it without sorting out your basic needs first.

To buy aggressively, we have to depend on our financial situation. If we buy without depending on our financial situation, then we may put our holdings in danger later. For example, if we invest with our emergency money, then if we need that amount of money, then we may have to sell our holdings. So it is better to be aggressive depending on our financial situation.

Let me tell you in a little simpler language. As you said, invest aggressively with discretionary income. If you invest with the entire amount of your discretionary income, then you will not be able to create an emergency fund. If your emergency fund is already created, then if you invest with your entire amount of discretionary income and then you have any kind of financial crisis, then you will have to take money from your emergency fund. But it is never right to take money from your emergency fund for these small financial crises. So it is always better to invest 5 to 25% of your discretionary income
It is not possible for ordinary people to buy aggressively. Many big businessmen take this risk whose financial condition is very strong. We have to take risks considering our financial condition. If you have enough money aside from monthly expenses, then you can invest with that. Before investing, you should first understand your monthly income well. Again, you should understand how much you spend and how much is left. However, it is not possible for any person to invest aggressively.
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Board Speculation
Re: Buy the DIP, and HODL!
by
Sjkah
on 04/09/2025, 06:10:17 UTC
Your monthly income depends on a specific period of time. Even if your monthly income is low, if you can create a budget from there, you can plan your investment. Even if your income is low, investing in stages will yield good results. Whether your income is low or high, you must have an interest in investing. You can invest if you understand your income and spend it wisely. The price of Bitcoin always fluctuates. People are hired with the hope of profit.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sjkah
on 17/08/2025, 15:04:05 UTC
Even though the investor has time, if his goal is achieved, then he has more time left. He can use that time for work. You have to wait for the long term. After buying Bitcoin, it is better not to sell it if the price increases a little. It is better not to sell Bitcoin thinking about your own profit. We should think about how to hold Bitcoin in the long term. How to invest and take Bitcoin forward. We should not sell it immediately, thinking that the price will fluctuate in the market.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sjkah
on 17/08/2025, 14:26:50 UTC
I don't know if I will actually be successful one day if I invest in Bitcoin. I continued to invest in Bitcoin for many years but did not get any good results then everything was in vain. If we can invest correctly then we can make a profit then we should invest in Bitcoin and hold Bitcoin.
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Board Speculation
Re: Buy the DIP, and HODL!
by
Sjkah
on 17/08/2025, 08:06:29 UTC
In summary, what you said above is that, bitcoin traders are also good investors, and trading does not stop one from holding some bitcoin for the long term goals, as a trader the most effective thing to do is to keep aside your trading capital and also keep your bitcoin holding capital, this way one can even use the profits their make from trading to buy and hold bitcoin at some point because it clear that trading can give you a significant profits most especially when the trader has skills and experience in the market and taking the right trading step they always be and remain in profits.

Personally I wont want to do both trading and investing at the same time. The mindset of a trader and and that of an investor is not the same. I would be astonished if anyone can comfortably do that without jeopardizing his investment or his trades. There is a saying "you cant serve two master". If we relate that to Bitcoin, we can basically be sincere that its best to either choose to be a trader or an investor. When you focus on one, and implement every strategy and show focus you will be successful in it. I can testify in investment literally.
I understand that this thread priotize Bitcoin investment over trading but yet I've seen a few guys that I know personally who combines the two and they're doing well for themselves. Although I cannot advice anybody to combine the two but it doesn't mean that a few people are not combining it and making profit. They have none custodial wallet for investment and exchange account for trading. But most people who combines them fails woefully because trading can be a distraction for most investors.

I emphasize again that I cannot advice anybody to combine trading and investment, those individuals that I mentioned are experienced trading professionals and they don't depend on trading profits to survive. A fact is that if you place trading and investment on a scale, investment weighs far better than trading because it carries far lesser risk than trading that is why Bitcoin investment is highly recommended. 
In my opinion, investing in Bitcoin rather than trading Bitcoin to hold Bitcoin can help you hold Bitcoin. To invest, you first need money. If you invest some money from your monthly income source, it will eventually reach a good goal.
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Board Economics
Re: Wealth without a business
by
Sjkah
on 17/08/2025, 07:37:43 UTC
I think One of the reason why people remain poor even while earning a decent amount of money from their businesses is the fact that they see money as a spending means and not investing....
         When building a business, it requires some level sacrifice and discomfort, after there have been significant growth l, money can be spent for expanding the business.
         However for the case of people earning salaries, do you think there is a way they can be really rich without owning a business and or is it compulsory for one to be own his own business
A business is a way of leading a lot of people to become wealthy because one thing about money is that even when a person is earning more than a million naira in a month or week and he/she refuses to find another alternative for success or income, it is nothing since it is money that they use to make more money, but not all people understand that. That’s why some will be spending without a plan for themselves.

Proverbs prove that opportunity comes but once; it’s better for everyone who has big opportunities to use them in a right and right place so that he/she will not regret it in the future. I don’t know why some will keep spending their money in a wrong place after they know that in life nothing is permanent.
To do business, you need money. You have to be patient and spend money. To do business or any job, you need investment first. If you earn some money not just weekly but monthly, you can spend it in business. I disagree with some of your words. Where they understand, but their expenses are more than what they earn. Due to which they cannot earn. However, to say that mistakes are made, humans make mistakes. Only humans are wrong. Because humans have conscience, one person can catch the mistakes of another. Since animals and birds do not have conscience, they have no mistakes, so people need to be given a chance.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sjkah
on 09/08/2025, 10:50:23 UTC
And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

[edited out]
Well, while investing in Bitcoin, it's essential to have a view of your finances. That is to say that is not just about the available funds you have for investment, but your overall income and expenses, as well as any  future inflows of discretionary income. Doing this, can help you create a very thoughtful investment plan that will aligns with your financial goals and your risk management.

When putting extra money, which you are absolutely right that, there other options for one to consider. While some people may choose to buy Bitcoin immediately, while others might put aside a part or portion for buying dips or adding to their regular DCA. Which is to help to make informed decisions based on individuals capacity and their financial goals.

Also, it's true that holding back money to buy dips can put those who have limited discretionary fund or those who are early in their Bitcoin accumulation might find it confusing in making a well informed decisions or plan in their investing. But, in this state, it might be more proper or productive to focus on regular investing and allow the power of compounding work in their favour.

So, the best thing to do, is to have plan or strategy that will work or favour you and your financial situation. For it will help you to be able to achieve your success with Bitcoin.
Part of the problem of poor people waiting or employing waiting strategies rather than ongoingly buying is because it takes a real long time to build any kind of investment stake, and even a person who is able to invest 10% of his income is going to take 10 years to have 1 years worth of income invested into bitcoin.. there are a lot of poor people who may well not even be able to put 5% of their income per year into bitcoin, so it could well take them 20 years or longer to invest up to 1 year's of their income into bitcion.

So part of the point is that they have to get a stake in up before fucking around with waiting strategies or buying on dip or anything other than just employing persistent and regular buying.  So yeah, poor people frequently end up screwing themselves by failing/refusing to stay focused on ongoingly buying of bitcoin, which is likely what they need to start to feel progress that might take them 10 years or more before they will start to feel that they are making some meaningful levels of progress, and I doubt that they are going to help their position by fucking around waiting for dips that may or may not end up happening. 

And yeah, in the end, each of us can do whatever we like, even dumb shit... and waiting, trading, getting involved in shitcoins are all dumb strategies, especially for poor people who should be figuring out how to ongoingly, persistently, consistently, regularly and perhaps even aggressively (within their means) be accumulating bitcoin through buying.
The slow pace of accumulation can actually lead to frustration like waiting for dips which might bring desired results.

Instead, they should focused on regular buying, especially those with limited discretionary fund. That is being consistent helps them to stake over time and it brings progress in their Bitcoin journey and will be able to navigate market fluctuations.

In essence, individuals can make progress towards their financial goals, even with the limited discretionary fund through consistent in accumulation, for this can help them develop a discipline investment habit, for them to be able to accomplish or achieve for long-term success regardless of market conditions and also it's essential to apply patience, persistence and discipline while exhibiting good strategy.

Even a poor person who is ONLY able to invest right around $10 per week will have had invested $520 in a year, and perhaps after 10-15-20 years, such poor person might start to feel quite well off, even if they are not rich, they are likely way better off than they would have had been if they had not invested into bitcoin.. Such person may well invest $5,200 after 10 years and even $10,400 after 20 years, and yeah, it could well be the case, that such poor person is frequently tempted to tap into his bitcoin investment too... especially since it may well start to seem that every bit of his additional investment into bitcoin is not making much difference in regards to the total value of the investment and how the investment might be fluctuating in value from time to time.   

Depending on how long he waits to keep building his investment into bitcoin, based on his income level, he may well start to be able to live off of his bitcoin after 15 years or so.  Perhaps? perhaps?. in other words,  the bitcoin might be able to generate way higher levels of income than he had been putting in, so after 10 years he might start to be able to draw $200 per week from his bitcoin, which is 20x the amount on a weekly basis that he had been putting in on a weekly basis.  So even though the amounts are low, the guy could still end up being protected by his bitcoin investment so long as he had been able to exercise some discipline in building, holding, securing and managing his coins.  It may well be true that generally poor people do not have those kinds of good habits or abilities to learn those kinds of skills, yet there will be some poor people who would be able to both learn the skills and to exercise that level of discipline in regard to building, managing and securing their bitcoin.
If poor people can invest a few dollars a week, they can make a big investment in a year. If poor people invest a little, they will eventually become rich. They can enjoy many things in life. If they invest in Bitcoin along with other income, they will eventually reach a good level. If they invest in Bitcoin, they will see other income levels. However, it becomes difficult for poor people to do all this.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sjkah
on 08/08/2025, 16:32:01 UTC
...~...
If you are buying for last 10 years then you are not only buying at ATH but also at low price. ATH changes with time, like in 2017 ATH was 20k which today looks like an ordinary price. Today price is at it's peak of 115k and may be after few years from today 115k also looks to us an ordinary price. One advantage of keep buying for 10 years is that we don't need to worry about the bottom. Ten years averages the top, middle and bottom prices to give a good figure.

Over the past 10 years, anyone familiar with Bitcoin and closely monitoring it when buying has seen several ATH reversals, which generally occur every four years, such as in 2017, 2021, and this year, with a peak of over $122,000, not $115,000 as you claim. And for those who have been consistently buying Bitcoin since 2015 until this year, they have undoubtedly felt the immense success of their actions, driven by incredible confidence over the past ten years. So, these people have seen and experienced such a significant price difference that they no longer expect Bitcoin to return to its former lows, despite the constant volatility. However, as we've seen, the price continues to rise, and now the price of Bitcoin has surpassed $117,000 again in the market.

Reversal happens in 2018 and 2022 which is the bear market. 2017 and 2021 was a bull run. It's obvious that if you have been buying in the last 10 years then you will have profited big already. Even if we start in 2022 as well and till now we are not selling any, then the ROI is really huge. And for sure we have heard about the Satoshi era investor who sold recently. The price of Bitcoin when he bought it is less than $1.00 and when he sold it, the ROI was close 17,000,000%.

And the crazy part? DCA works even when you don’t time the bottom… Like, you could literally buy while Bitcoin is dropping, and as long as you stay consistent over time, you still be profitable off it…  That’s what people don’t get. You’re playing the long game, and the long game always wins in Bitcoin investment...

Most of the OGs you see sitting on bags of Bitcoin did not trade their way there, they just kept buying regularly, ignored the noise, and waited. Simple as that….

The crazy part if we are buying bitcoin for 4-10 years and even longer, we could end up buying at the top and at the ATH several times and still end up in profits over the long term with each of the purchases and/or with the overall average purchases, and we have no way to know if we are buying at the top, so we should not be thinking about those kinds of matters if we keep on accumulating bitcoin on a regular basis, as you mentioned.

Another crazy part of the history is, if everyone will remember James Howells, the man who have lost $8k Bitcoin when he accidentally throw the hard drive with the keys in it in a landfill in 2013. He has spend more than 10 years now trying to fight it out to be able to scan the landfill with his hard drive. Just imagine if he invested in let say in 2015 instead of using that money to look into the land fill and now trying to buy it, he could easily be getting his money back already or even profited more than what he lost.
I don't know how accurate James Howells' example is. But if you invest in Bitcoin in some way, it will eventually become a very big investment. Those who sit around thinking about it and don't invest in Bitcoin will fall further behind. If you bought Bitcoin in 2015 when the price was much lower, you could have sold it at a much higher price now. If you bought Bitcoin around 2015 and started investing, you could have made a lot of progress by now.
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Board Politics & Society
Re: Bad government instigate more crime
by
Sjkah
on 14/07/2025, 04:11:32 UTC
Bad government causes more deterioration than progress in the country. Bad government always tries to act according to its own interests. Due to bad government, the general public of the country also becomes worse. After being elected, all governments seek their own benefits.
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Board Politics & Society
Re: Pregnancy before marriage or after marriage, which do you prefer?
by
Sjkah
on 13/07/2025, 04:52:21 UTC
I prefer not to get pregnant before marriage. If you give birth before marriage, there is a greater chance of problems later. If you get pregnant after marriage, there is no problem.
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Board Nigeria (Naija)
Re: Why investment is necessary if you want to grow rich
by
Sjkah
on 13/07/2025, 03:08:20 UTC
You have to earn and invest along with your income. But when you retire, your income will stop. If you don't invest, you can never become rich in a short time. However, if you want to invest, you should have an idea about the investment in advance. You have to have mental willpower. If you are mentally ill, you will not have the desire to invest and therefore you will not be able to become rich. We have to take care of how to keep our health good.
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Board Politics & Society
Re: Government should start paying attention to fast cars
by
Sjkah
on 12/07/2025, 05:11:18 UTC
Most of the accidents happen due to excessive speed of the vehicle. It is necessary to control the speed of the vehicle as much as possible. If there are some minor faults, the right person will be able to control the vehicle. The government should stop increasing the speed of the vehicle.

The speed of the vehicle should be stopped at will. The government should set a specific speed limit. However, accidents can happen suddenly at any time. You should drive slowly. If you drive at a low speed, even if there is an accident, there will be no serious damage.
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Board Politics & Society
Re: What has peer pressure made you do??
by
Sjkah
on 11/07/2025, 08:15:03 UTC
There are many parents who are very rich. But they do not want their children to mix with poor children. One can never walk alone on the path of life. Anyone can be in need at any time. One has to walk with the help of others. No one wants to mix with the poor.

 Rich people move very little with people. They prefer to be alone. When they are under peer pressure, they have to behave the way they behave. Most people become bad under peer pressure. An educated family always takes care of their children. In which direction is the child walking and with whom is he walking.
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Board Economics
Re: The Basics of Investments
by
Sjkah
on 11/07/2025, 06:34:08 UTC
You should always have a good idea about investment. There will be profits and losses in business. A person should invest by accepting these. You have to invest a lot of money in business. If you start investing with a small amount of money, it will eventually become a very big investment. People work hard to get any good results.

 Successful investors always work hard. You cannot make profits immediately after investing. You have to be patient and wait for time.
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Board Nigeria (Naija)
Re: Being in Haste Can Lead to Waste
by
Sjkah
on 10/07/2025, 12:57:07 UTC
Before doing anything in life, it is necessary to think a little. It is not right to rush into everything. However, one should think a little before investing. One should get an idea about Bitcoin and investment. It is better not to rush into all kinds of work. If the work is completed seriously, the work ends much better.
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Board Nigeria (Naija)
Re: Being in Haste Can Lead to Waste
by
Sjkah
on 10/07/2025, 12:23:44 UTC
Before doing anything in life, it is necessary to think a little. It is not right to rush into everything. However, one should think a little before investing. One should get an idea about Bitcoin and investment. It is better not to rush into all kinds of work. If you complete the work seriously, the work will be completed much better.
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Board Speculation
Re: Bitcoin speculations, what are your thoughts?
by
Sjkah
on 10/07/2025, 11:55:01 UTC
Bitcoin has not been affected by any war in any country in the world. I think that if the price of Bitcoin drops, it will have a big impact on its economy. However, people are becoming more aware and are giving a lot of importance to Bitcoin.
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Topic
Board Nigeria (Naija)
Re: Do we have hope for a better change in Nigeria?
by
Sjkah
on 10/07/2025, 06:22:04 UTC
Some time I wonder where my country is going because th e hope we keep dreaming of is not forthcoming, years in years out we keep voting vultures instead of angels and the keep devouring and eating our flesh for their survival only. Nigeria is very big and blessed but the suffering masses is getting harder and higher. Many people are suggesting the east president, will this actually make a desirable change or what is the hope of the country, each day I walk out of the shore street of Nigeria I return home with tears feeling people's pain getting bigger than mine. Youths need help from this vultures call leaders.
In as much as say wetin you dy talk na true but e no make any of us saint, because most of us wey dy complain now, we fit bad pass out leaders if power enter our hand, just look at us in the time of naira scarcity and COVID 19, you go cry for people hand if you enter market, so till we get genuine love for ourselves, from the top to the bottom, I no see anything changing anytime soon, wetin you go just do as an individual is to work on yourself and be better than what you are yesterday, because life will not get easier, you just have to get stronger.
Everything you say is right, but the problem is that when power comes within ourselves, we do not find worthy leaders. We have to love the common people. We have to understand the advantages and disadvantages of people. All kinds of problems are happening due to corruption. Nothing is done for the country ourselves because we ourselves are getting involved in corruption. People work according to their own interests. When their own interests are exhausted, they do not think about others.
Post
Topic
Board Nigeria (Naija)
Re: Procrastination of your Bitcoin investment
by
Sjkah
on 10/07/2025, 05:47:49 UTC
As the title of this post implies, procrastination of your Bitcoin investment, as we all know procrastination has killed  more destiny than failure has ever done, most people falls for this easily because they will be saying that the price of Bitcoin is too expensive now, so they are willing to wait a little longer let it dip in price, but once it dip, they still wouldn't invest, they will say that it may still drop further, and at the end of the day, they wouldn't even buy a unit of Bitcoin, so we should try to act as soon as possible in what ever we planned doing, not just in Bitcoin investment.
I can still remember when I had the opportunity to buy Solana when it was $12 in 2023 when Bitcoin was $28k, I said that I will buy it once I receive my salary from a job I was doing then, when I was paid, I was still skeptical about it, so I didn't bought it, in 2 months after towards the end of the year Solana rose to $200 plus, so why am saying this is because of procrastination, we should try to avoid or overcome it by all means, because it kills destiny more than failure does
Yes, I agree with you, Bitcoin investment is unnecessarily delayed due to which people distance themselves from investing. While waiting for the price to fall, it increases a lot and then they can no longer buy Bitcoin. If I could have held on to Bitcoin investment with patience, I could have benefited a lot. You should always try to keep a careful eye on it, then you will get the opportunity to buy when the price is low.
Post
Topic
Board Nigeria (Naija)
Re: Nigeria Don Finally Recognize Bitcoin as Legal Investment
by
Sjkah
on 10/07/2025, 05:16:18 UTC
If Nigeria really recognizes Bitcoin as a legitimate investment, then investment will gradually reach a good goal. However, how accurate this information is beyond my understanding. If this information is correct, then the economy can progress. It is doubtful whether the world knows for sure whether Bitcoin was legitimate or not in Nigeria. However, Bitcoin will gain a lot of recognition around the world. Bitcoin investment depends entirely on yourself. To achieve success, you have to be patient.