Search content
Sort by
Showing 20 of 286 results by Smilevictorobinna
That would be really dumb to DCA in crypto.
DCA in bitcoin works well, but not in crypto.. that is absolutely retarded to try to suggest it to be a good idea to DCA into any shitcoins, unless you happen to know quite a bit about such shitcoin, and even if you do, I doubt that there is actually any shitcoin that DCA would apply since with any shitcoin you need to be considering when to get in and when to get out. If your investment is long term, such as bitcoin, there is no need to get into specifics of your planning about when to get out, and you can consider various withdrawal strategies at a later date.. since the presumption that any of us should be able to figure out with bitcoin is that bitcoin has decently good chances of ongoingly going up in price (and value) and so that by the time we get to our period of considering any kind of a withdrawal plan (such as 4-10 years or more down the road), then there should be pretty decent chances that BTC prices/value is up in both nominal and real terms.
DCA on shitcoins is like building on quicksand. I don't even know why someone will give that a thought. Well, I will blame ignorance or greed for it. Some people are ignorant that is why they think that there will be another bitcoin which will start from a few cents and grow into thousands of dollars. This is the primary motivation for some to invest in shitcoin, not minding the risk they carry. From the information provided by coingecko the list of dead coins is heartbreaking. Some of them were coins that promised heaven earth to investors only to die within few months or years of being listed in the market. I think of the level of pain for someone who spend months and maybe years building a portfolio of shitcoins hoping to make good returns only to realise that the investment has become exercise in futility. This is something I don't want to imagine. DCA in bitcoin works well, but not in crypto.. that is absolutely retarded to try to suggest it to be a good idea to DCA into any shitcoins, unless you happen to know quite a bit about such shitcoin, and even if you do, I doubt that there is actually any shitcoin that DCA would apply since with any shitcoin you need to be considering when to get in and when to get out. If your investment is long term, such as bitcoin, there is no need to get into specifics of your planning about when to get out, and you can consider various withdrawal strategies at a later date.. since the presumption that any of us should be able to figure out with bitcoin is that bitcoin has decently good chances of ongoingly going up in price (and value) and so that by the time we get to our period of considering any kind of a withdrawal plan (such as 4-10 years or more down the road), then there should be pretty decent chances that BTC prices/value is up in both nominal and real terms.
And one of the things that those shitcoin influencers uses to deceives the victim is the slogan that Bitcoin is already too expensive and won't give them quick gains, so they buy and gamble with those shitcoin thinking it does make them rich quickly which will end in regret for them, I don't know if this happens to them because of the greed or another thing, but then it should be Bitcoin always instead to gamble with your resources.
It's my first time participating in the pizza day event. I had a lot of fun preparing it. It also tasted very delicious. Good luck to all participating friends.
I want to show the working steps.
Step 1:
Step 2:
Step 3:
Finished:
I want to show the working steps.
Step 1:
Step 2:
Step 3:
Finished:
In my opinion, the potential for Bitcoin price to reach $100k is likely to occur later this year. Moreover, recent market performance shows a bullish direction. However, anything can happen during this year because it is likely that before heading towards $100k it will experience a slight correction as a step towards a big increase.
If we look at the history of the Bitcoin market, we can see that the Bitcoin market was very low, but currently it is very high. Day by day the demand of bitcoin is increasing and the popularity and growth of bitcoin is going and people are paying more attention to bitcoin. Digital currency has advanced a lot in this digital world nowadays and people are choosing these virtual currencies more and more through transactions. And we know lots of people invest and trade in bitcoin just to protect their privacy and also gain a lot of money by investing in bitcoin. We can say for sure that the market in Bitcoin will touch $100k, and we can assume that it is going to happen very soon as currently the price of Bitcoin is at $71k dollars. We have seen the Bitcoin market peak ATH in 2024 touching $73k and although it went down a bit for a while but currently there is a lot of upside. And we have seen many investors predict that the Bitcoin market may not touch 150 in 2025 so we will invest and hold Bitcoin.Holding and trading in Bitcoin is very important.
Trading is very sensitive. Because you should always keep updated news about the market. And a mistake is more likely to result in loss. Because the Bitcoin market is always up and down, if you can't trade on time, then you must do it at risk. This is why trading always involves a lot of risk.
Trading is also good for some people and I know a lot of people making money from it even with the risk involved when you know how it works you can make money from it however as a newbie is advised to focus only on hodling to avoid losing your money.
Everyone has there choice to make some people can't hold for long like it or not that's the truth. However our responsibility is to educate the newbies on the advantage and disadvantage of the two side and allow them to pick you can't force them to do what you want.
A lot of newbies that are very eager to know about Bitcoin, you can carefully read all I have written it will help you in this Bitcoin journey you are about to start.
Bitcoin was created by Satoshi Nakamoto.
What is Bitcoin.
An agreement amongst a community of people to use 21 million secure mathematical tokens--"bitcoins"--as money, like traditional African and Asian societies used the money cowry. Unlike the money cowry:
there will never be more bitcoins
they are impossible to counterfeit
they can be divided into as small of pieces as you want,
and they can be transferred instantly across great distances via a digital connection such as the internet.
This is accomplished by the use of powerful cryptography many times stronger than that used by banks. Instead of simply being "sent" coins have to be cryptographically signed over from one entity to another, essentially putting a lock and key on each token so that bitcoins can be securely backed up in multiple places, and so that copying doesn't increase the amount you own.
Because bitcoins are given their value by the community, they don't need to be accepted by anyone else or backed by any authority to succeed. They are like a local currency except much, much more effective and local to the whole world. As an example of how effective the community is at "backing" the bitcoin: on April 4th 2011 30,000 bitcoins were abruptly sold on the largest Bitcoin exchange, consuming nearly all "buy" offers on the order book and dropping the price by nearly 1/3. But within a couple of days, the price on the exchange had fully rebounded and bitcoins were again trading at good volumes, with large "buy" offers slowly replacing the ones consumed by the trades. The ability of such a small economy (there were only 5 million out of the total 21 million bitcoins circulating then, or about 3.75 million USD worth at then-current exchange rates) to absorb such a large sell-off without crashing shows that bitcoins were already working beautifully.
Problem Bitcoin solves.
Mathematically, the specific implementation of the bitcoin protocol solves the problem of "how to do all of the above without trusting anyone". If that sounds amazing, it should! Normally a local currency has to trust all kinds of people for it to be able to work. So does a national currency. And in both cases, that trust is often abused. But with Bitcoin, there's no one person who can abuse the system. Nobody can print more money, nobody can re-use the coins simply by making a copy, and nobody can use anyone else's coins without having direct access to their keys. People who break its mathematical "rules" simply end up creating a whole different system incompatible with the first. As long as these rules are followed by someone, the only way Bitcoin can fail is for everyone to stop using it.
This marvelous quality of not having to trust anyone is achieved in two ways. First, through the use of cutting-edge cryptography. Cryptography ensures that only the owner of the bitcoins has the authority to spend them. The cryptography used in Bitcoin is so strong that all the world's online banking would be compromised before Bitcoin would be, and it can even be upgraded if that were to start to happen. It's like if each banknote in your pocket had a 100-digit combination lock on it that couldn't be removed without destroying the bill itself. Bitcoin is that secure.
But the second way of securing the system, called the blockchain, is where the real magic happens. The blockchain is a single, authoritative record of confirmed transactions which is stored on the peer to peer Bitcoin network. Even with top-notch digital encryption, if there was no central registry to show that certain bitcoins had already been "paid" to someone else, you could sign over the same coins to multiple people in what's called a double-spend attack, like writing cheques for more money than you have in your account. Normally this is prevented by a central authority, the bank, who keeps track of all the cheques you write and makes sure they don't exceed the amount of money you have. Even so, most people won't accept a cheque from you unless they really trust you, and the bank has to spend a lot of money physically protecting those central records, whether they are kept in a physical or digital form. Not to mention, sometimes a bank employee can abuse their position of trust. And, in traditional banking, the bank itself doesn't have to follow the rules you do--it can lend out more money than it actually has.
The blockchain fixes all these problems by creating a single master registry of the already-cryptographically-secured bitcoin transfers, verifying them and locking them down in a highly competitive market called mining. In return for this critical role, the Bitcoin community rewards miners with a set amount of bitcoins per block, taken from the original limited quantity on a pre-agreed schedule. As that original amount gradually runs out, this reward will be replaced by fees paid to prioritise one transaction over another--again in a highly competitive market to ensure the lowest possible cost. The transactions are verified and locked in by the computational work of mining in a very special way so that no one else can change the official record of transactions without doing more computational work than the cumulative work of all miners across the whole network.
I believe this write up has helped you in one way or the other as a newbie.
Please I'm open for correction and you can add also in other for us to achieve this goal of educating the newbies.
Thank you.
Bitcoin was created by Satoshi Nakamoto.
What is Bitcoin.
An agreement amongst a community of people to use 21 million secure mathematical tokens--"bitcoins"--as money, like traditional African and Asian societies used the money cowry. Unlike the money cowry:
there will never be more bitcoins
they are impossible to counterfeit
they can be divided into as small of pieces as you want,
and they can be transferred instantly across great distances via a digital connection such as the internet.
This is accomplished by the use of powerful cryptography many times stronger than that used by banks. Instead of simply being "sent" coins have to be cryptographically signed over from one entity to another, essentially putting a lock and key on each token so that bitcoins can be securely backed up in multiple places, and so that copying doesn't increase the amount you own.
Because bitcoins are given their value by the community, they don't need to be accepted by anyone else or backed by any authority to succeed. They are like a local currency except much, much more effective and local to the whole world. As an example of how effective the community is at "backing" the bitcoin: on April 4th 2011 30,000 bitcoins were abruptly sold on the largest Bitcoin exchange, consuming nearly all "buy" offers on the order book and dropping the price by nearly 1/3. But within a couple of days, the price on the exchange had fully rebounded and bitcoins were again trading at good volumes, with large "buy" offers slowly replacing the ones consumed by the trades. The ability of such a small economy (there were only 5 million out of the total 21 million bitcoins circulating then, or about 3.75 million USD worth at then-current exchange rates) to absorb such a large sell-off without crashing shows that bitcoins were already working beautifully.
Problem Bitcoin solves.
Mathematically, the specific implementation of the bitcoin protocol solves the problem of "how to do all of the above without trusting anyone". If that sounds amazing, it should! Normally a local currency has to trust all kinds of people for it to be able to work. So does a national currency. And in both cases, that trust is often abused. But with Bitcoin, there's no one person who can abuse the system. Nobody can print more money, nobody can re-use the coins simply by making a copy, and nobody can use anyone else's coins without having direct access to their keys. People who break its mathematical "rules" simply end up creating a whole different system incompatible with the first. As long as these rules are followed by someone, the only way Bitcoin can fail is for everyone to stop using it.
This marvelous quality of not having to trust anyone is achieved in two ways. First, through the use of cutting-edge cryptography. Cryptography ensures that only the owner of the bitcoins has the authority to spend them. The cryptography used in Bitcoin is so strong that all the world's online banking would be compromised before Bitcoin would be, and it can even be upgraded if that were to start to happen. It's like if each banknote in your pocket had a 100-digit combination lock on it that couldn't be removed without destroying the bill itself. Bitcoin is that secure.
But the second way of securing the system, called the blockchain, is where the real magic happens. The blockchain is a single, authoritative record of confirmed transactions which is stored on the peer to peer Bitcoin network. Even with top-notch digital encryption, if there was no central registry to show that certain bitcoins had already been "paid" to someone else, you could sign over the same coins to multiple people in what's called a double-spend attack, like writing cheques for more money than you have in your account. Normally this is prevented by a central authority, the bank, who keeps track of all the cheques you write and makes sure they don't exceed the amount of money you have. Even so, most people won't accept a cheque from you unless they really trust you, and the bank has to spend a lot of money physically protecting those central records, whether they are kept in a physical or digital form. Not to mention, sometimes a bank employee can abuse their position of trust. And, in traditional banking, the bank itself doesn't have to follow the rules you do--it can lend out more money than it actually has.
The blockchain fixes all these problems by creating a single master registry of the already-cryptographically-secured bitcoin transfers, verifying them and locking them down in a highly competitive market called mining. In return for this critical role, the Bitcoin community rewards miners with a set amount of bitcoins per block, taken from the original limited quantity on a pre-agreed schedule. As that original amount gradually runs out, this reward will be replaced by fees paid to prioritise one transaction over another--again in a highly competitive market to ensure the lowest possible cost. The transactions are verified and locked in by the computational work of mining in a very special way so that no one else can change the official record of transactions without doing more computational work than the cumulative work of all miners across the whole network.
I believe this write up has helped you in one way or the other as a newbie.
Please I'm open for correction and you can add also in other for us to achieve this goal of educating the newbies.
Thank you.
Holding and trading in Bitcoin is very important.
Trading is very sensitive. Because you should always keep updated news about the market. And a mistake is more likely to result in loss. Because the Bitcoin market is always up and down, if you can't trade on time, then you must do it at risk. This is why trading always involves a lot of risk.
Trading is also good for some people and I know a lot of people making money from it even with the risk involved when you know how it works you can make money from it however as a newbie is advised to focus only on hodling to avoid losing your money.
Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin.
About the idea of diversifying into several forms of investment and it's not much better than trying to make a percentage purchase of bitcoin. In the past, I was one of the people who bought gold to save and the price movement was not much better even though I had kept it for more than five years. Finally I decided to buy bitcoin as an investment asset that I held and the comparison in the same five years was much more favorable to bitcoin. Regarding the risk that is often talked about and I think it really depends on our mental readiness, if bitcoin is bought and held then it should not be part of short-term trading so we will not experience any risk.Because it is definitely good to have an idea about Bitcoin holdings because gaining knowledge is always a good sign. Holdings are always long-term, and holding bitcoins is much less risky. Usually in a wallet you can hold bitcoins for a long time (repeatedly monthly or weekly, and also following the DCA method). Thus if you are holding bitcoins you need to use a secure wallet, which you can use a hardware wallet. Only a secure hardware wallet can store bitcoins for long periods of time with much less risk.
Trading is very sensitive. Because you should always keep updated news about the market. And a mistake is more likely to result in loss. Because the Bitcoin market is always up and down, if you can't trade on time, then you must do it at risk. This is why trading always involves a lot of risk.
Finally I would say holding is safer than trading. Because trading is always high risk and long term holding is low risk. Benefits are more in long term holding.
The probem here isn't that gold or silver isnt a good asset and if its about track record gold has been a very good option for a very long time even longer than bitcoin, but where you are getting it wrong is thinking of diversifying, the question you should ask yourself is can I afford to build a good stash in both asset, then if not you should focus one building up your stash in bitcoin and when it's has gotten to at least a year of your living expense then you can consider diversification.
The problem with early diversification is that you would end up having little of so many asset neglecting the law of concentration which means you gain wealth from building one asset and maintain it from diversifying, so diversification is not a good option for someone trying to build wealth.
The problem with early diversification is that you would end up having little of so many asset neglecting the law of concentration which means you gain wealth from building one asset and maintain it from diversifying, so diversification is not a good option for someone trying to build wealth.
It's true, building wealth won't come quickly, it takes time and a process to get there. I think whatever type we will invest. However, when something easier and quicker comes along, I think why should I use another option. Yes, BTC really provides an opportunity to go there as an investment tool, whether you want to invest at the same time or use the DCA purchase method as many people are currently implementing.
The easiest opportunity to invest is investing in DCA method, if you invest in DCA method you will be successful very quickly. Because the DCA method controls the average price of buying bitcoins, due to which each person can accumulate this investment for a long time and it is present to give the most benefits. The DCA method is a great plan to build a mountain of wealth with little by little. As the saying goes (a small grain of sand is a water drop, a continent rises from the bottom of the ocean) because if you keep accumulating small amounts of money, you can eventually build a mountain of great wealth. That is why DCA method is currently the best method among all investors.
In as much as the dca strategy has numerous benefits there is no reason one should or trying make any form of comparison with other strategy as per which is the best method among all investor, every investor will only make that informed decisions of choice of strategy or strategies to be used in his accumulation process to suits him in terms of his, financial situation, risk tolerance level, investment goals and objectives, which all is aimed at maximizing every opportunities in the market to have a sizeable worth of Bitcoin.
Lump sum will not give you the size of portfolio that someone that used DCA to buy will give to you in they hodli for the same number of years. This is because lump suming is a fixed price purchase, and buying at the dip is something a beginner don't even need because it is the worst strategy for them, it is hard to know when the price will dip and they will keep waiting and end up waiting wretched till old age because bitcoin price increases overtime.
But this can make you miss higher gains also, which is why the investment of all your money at once could be good at times. But you will have to understand the market before such can be risked. As a good speculator, one can know the bullish and the bearish times of the market, and one can know when the market has bottomed even if it is still bearish in trend. And with the knowledge of this, you can invest all your money at once if the market is bullish or has hit the bottom.
The choice is yours, and some people observe the two to be better cautious.
I discussed the final investment decision directly with my family. People in my family don't know about Bitcoin but when I told them about Bitcoin and explained it to them for a while they got some idea about Bitcoin. I explained them about Bitcoin in such a way that they supported my investment. It's not like I misled my family into investing, I gave my family a real picture of Bitcoin investing which they really liked.
My family members have assured me that I am planning my future where other children take money from their parents and buy drugs and other bad things with that money. They were happy with my plan and said that they would help me financially or otherwise in terms of investment.
It is good that you have convinced your family members to invest in Bitcoin but have you told your family that investing involves risk. If you haven't informed them about this, you should discuss it with them and not just Bitcoin investment. I agree if you are willing to invest in Bitcoin, look for money accordingly but you should think before investing and do proper planning and judgment analysis before investing. Many people like you are interested in investing in Bitcoin with the help of their families in the new situation.My family members have assured me that I am planning my future where other children take money from their parents and buy drugs and other bad things with that money. They were happy with my plan and said that they would help me financially or otherwise in terms of investment.
It turns out that you have been investing in your bitcoins for months and suddenly the price of bitcoins has dropped, will your family help you continue your bitcoin investment or do you have enough opportunities to invest without their help. Prepare yourself to invest in Bitcoin in such a way that you can continue your investment properly even if there are hundreds of hurdles. Investing in bitcoin requires a lot of patience and long time which will take you to your destination.
But basically the risks that exist in every investment field can be minimized by developing our knowledge in the field we are going to enter.
Trust me if we invest in property that is said to have low risk. But for us it can be very high risk if we don't understand and study it first before entering it.
For example, if we buy property in a disaster-prone area. Then it's the same as us throwing away our money. Because the price will continue to fall. especially if it is land prone to landslides and so on. Which even the previous owner would have left behind.
But when we understand it properly and study it carefully first. Then we can minimize the risk as small as possible. Because we already know which ones have potential and which ones don't. Which ones are worth entering and which ones are not. Because basically investment is about seeing potential in the future.
So now we apply it in Bitcoin. Indeed, Bitcoin is also an asset that has a high level of volatility because its price fluctuates. And yes, this makes many people say that Bitcoin has a fairly high level of risk. But actually, some things are true and some are not.
Because it depends on how deep one's insight into bitcoin itself. If someone can enter Bitcoin investment at the right time after going through a lot of analysis and he has seen the potential in the future. So he can minimize the risk of loss because he entered at the right time. that is, when there is a decline. And then he plans to get out when the bull market comes.
But for beginners who don't study it in more depth. So they tend to enter without taking into account or without careful investment planning due to limited knowledge. This can make the beginner considered investing with high risk. Because he has entered in a field that he is not good at. So the conclusion is high risk is for those who enter in fields that they do not study. And the risk is low for those who enter a field they have mastered.
There is no best time to buy for a new beginner in his long term bitcoin accumulation goal because he just started and needs to keep on accumulating bitcoin to his portfolio regularly using DCA method so that he can reach his bitcoin target overtime. This is why the DCA method is best recommended for beginners because it gives them the opportunity to buy bitcoin always irrespective of bitcoin price. What a new beginner needs to figure out is how much of his discretionary income that he can use to buy bitcoin that he can be consistent with, so that he can continue buying with such amount regularly without stopping, and at the same time build his emergency funds from the other part of his discretionary income because it is very necessary, to become a successful long-term bitcoin hodler. A new beginner can start investing into bitcoin and learn about bitcoin at the same time, because in bitcoin accumulation experience is the best teacher than mere theory. Also the time that he will delay in learning cannot be recovered, that is why those that are just starting should not waste any time but start right away as long as they have the money.
It is impossible to learn everything about bitcoin in just one year so learn is a gradual process, and there is no need to have majority of the knowledge, because as time passes by the price of bitcoin will not remain the same.
Without knowledge buying Bitcoin is a waste because it will look so complicated to the person when their is fall in the market. Knowledge about bitcoin is not just about investing but how to use the right wallet and also helps to give good Understanding in securing the seed phrase. No matter the amount used in buying Bitcoin, no bitcoin if their is no knowledge on how to invest because their can't be magic to end up with a positive result by the end of the investment.
Abeg Newbie make una read before using exchanges or investing.
People say:
"Not your keys, not your bitcoin"
"Not your keys, not your crypto"
This is true not only for bitcoin, but also right for altcoins.
From that, I will give you some points, that will play vital roles to keep you safe in crypto.
[1] Don't store your coins on exchanges for too long. It is the most stupid mistake
[2] Don't use wallets that you don't have full control of wallet's private keys.
[3] Do your own research on your interest coins, to find out about their wallets, and choose best ones in case you buy them and withdraw coins from exchanges
[4] Read tutorials on how to verify wallet (if possible), backup seeds, private keys, wallet backup; and steps to recover wallets
[5] Testing seeds, private keys, wallet backup first, and only deposit money in those wallets when testing results are good
[6] Don't use masternode / shared masternode hosting services
[7] Don't store your coins on mixing service platforms for too long. Withdraw them immediately after mixing process finished
[8] Check KYC requirements on exchanges that you have plans to buy coins on their platforms
1. Don't store your coins on exchanges for too long. It is the most stupid mistake.
Risks of hacks, exchange scam exits. Big exchanges can be hacked, big exchanges can do scam exits. Take care of your coins is better.
2. Don't use wallets that you don't have full control of wallet's private keys.
You should read about custodial and non-custodial wallets.
I suggest you to choose non-custodial wallets to have full control of your private keys. No one can steal your bitcoins, ie. if you don't lose your private keys. It means you have to take care of your private keys, and your computer security, nevertheless.
3. Do your own research on your interest coins, to find out about their wallets, and choose best ones in case you buy them and withdraw coins from exchanges.
This step will help you having good preparation for what you will do next after successfully buying your interest coins.
You will know which wallets to use, where to download, how to install, backup, recover, and testing all those steps on your computers.
How to search?
If your interest project already listed on coinmarketcap.com (~ CMC) > Start from CMC to get official website, github, etc. of that project
If your interest project has not yet listed on CMC, and you know official website of that project > Start from official website to get other things
If your interest project has not yet listed on CMC, and you know official website of that project > Start doing your own research from Google, with higher risks. This is last option you should think of.
Benefits:
It will save your time. The more time you save after buying coins on exchanges, the more security and less risks you will have, because you can move your coins from exchanges to wallets under your control after a few minutes.
4. Read tutorials on how to verify wallet (if possible), backup seeds, private keys, wallet backup; and steps to recover wallets.
Using non-custodial wallets don't mean that you are totally safe, because it depends on your computer security, and wallets you download are official, and zero-threats/malwares or not.
Reading how to verify wallet (to check it is official or not) is very important and vital. Doing this before using that wallet for transactions.
verify wallet quality and functions is important to, in case wallet has poor quality, and bad functional operation, you don't lose your money.
Read more:
https://bitcointalk.org/index.php?topic=5178675.0
https://bitcointalk.org/index.php?topic=5178747.msg52269993#msg52269993
5. Testing seeds, private keys, wallet backup first, and only deposit money in those wallets when testing results are good.
After verifying wallets (if that feature is available), and installing wallet on your devices, and doing back ups (in the [4] step). Now, it is time to test those backups on same devices or on other devices.
Checking all of those backups to make sure that in case your devices broken technically, you will be able to recover your wallets (there is no mispelling on seeds, private keys, etc.)
6. Don't use masternode / shared masternode hosting services.
It is nearly the same as storing coins on exchanges for too long; and you don't have control of your money.
Read more:
https://bitcointalk.org/index.php?topic=2998031.0
7. Don't store your coins on mixing service platforms for too long. Withdraw them immediately after mixing process finished.
It is nearly the same as storing coins on exchanges for too long.
Read more:
https://bitcointalk.org/index.php?topic=5153859.0
https://darknetlive.com/post/dutch-police-seize-bitcoin-tumbler-bestmixer-io/
8. Check KYC requirements on exchanges that you have plans to buy coins on their platforms.
This step is another must-do thing. It is ridiculous that your original aim to create accounts on exchanges is to buy your interested coins, and withdraw them to store in wallets you have control on private keys; but at the end you are unable to withdraw due to failed KYC.
It ensures that if you don't want to do KYC, you will not create account, and send your funds (bitcoin, fiats, whatever) to those exchanges; then you will have to mandatory do KYCs (that what you never want to do at starts).
In addition, it also ensure that on exchanges that KYC is mandatory to be able to withdraw money, you have to successfuly do KYC verification first, before send your fund to your accounts on those exchanges.
Sometimes, I saw people complain that they failed to do KYC verifications. There are some reasons:
ID cards, photos, ie. blurred
Their nations in which they live listed in exclusive nations of exchanges.
I believe this write up has helped you in one way or the other as a newbie.
Please I'm open for correction and you can add also in other for us to achieve this goal of educating the newbies.
Thank you.
"Not your keys, not your bitcoin"
"Not your keys, not your crypto"
This is true not only for bitcoin, but also right for altcoins.
From that, I will give you some points, that will play vital roles to keep you safe in crypto.
[1] Don't store your coins on exchanges for too long. It is the most stupid mistake
[2] Don't use wallets that you don't have full control of wallet's private keys.
[3] Do your own research on your interest coins, to find out about their wallets, and choose best ones in case you buy them and withdraw coins from exchanges
[4] Read tutorials on how to verify wallet (if possible), backup seeds, private keys, wallet backup; and steps to recover wallets
[5] Testing seeds, private keys, wallet backup first, and only deposit money in those wallets when testing results are good
[6] Don't use masternode / shared masternode hosting services
[7] Don't store your coins on mixing service platforms for too long. Withdraw them immediately after mixing process finished
[8] Check KYC requirements on exchanges that you have plans to buy coins on their platforms
1. Don't store your coins on exchanges for too long. It is the most stupid mistake.
Risks of hacks, exchange scam exits. Big exchanges can be hacked, big exchanges can do scam exits. Take care of your coins is better.
2. Don't use wallets that you don't have full control of wallet's private keys.
You should read about custodial and non-custodial wallets.
I suggest you to choose non-custodial wallets to have full control of your private keys. No one can steal your bitcoins, ie. if you don't lose your private keys. It means you have to take care of your private keys, and your computer security, nevertheless.
3. Do your own research on your interest coins, to find out about their wallets, and choose best ones in case you buy them and withdraw coins from exchanges.
This step will help you having good preparation for what you will do next after successfully buying your interest coins.
You will know which wallets to use, where to download, how to install, backup, recover, and testing all those steps on your computers.
How to search?
If your interest project already listed on coinmarketcap.com (~ CMC) > Start from CMC to get official website, github, etc. of that project
If your interest project has not yet listed on CMC, and you know official website of that project > Start from official website to get other things
If your interest project has not yet listed on CMC, and you know official website of that project > Start doing your own research from Google, with higher risks. This is last option you should think of.
Benefits:
It will save your time. The more time you save after buying coins on exchanges, the more security and less risks you will have, because you can move your coins from exchanges to wallets under your control after a few minutes.
4. Read tutorials on how to verify wallet (if possible), backup seeds, private keys, wallet backup; and steps to recover wallets.
Using non-custodial wallets don't mean that you are totally safe, because it depends on your computer security, and wallets you download are official, and zero-threats/malwares or not.
Reading how to verify wallet (to check it is official or not) is very important and vital. Doing this before using that wallet for transactions.
verify wallet quality and functions is important to, in case wallet has poor quality, and bad functional operation, you don't lose your money.
Read more:
https://bitcointalk.org/index.php?topic=5178675.0
https://bitcointalk.org/index.php?topic=5178747.msg52269993#msg52269993
5. Testing seeds, private keys, wallet backup first, and only deposit money in those wallets when testing results are good.
After verifying wallets (if that feature is available), and installing wallet on your devices, and doing back ups (in the [4] step). Now, it is time to test those backups on same devices or on other devices.
Checking all of those backups to make sure that in case your devices broken technically, you will be able to recover your wallets (there is no mispelling on seeds, private keys, etc.)
6. Don't use masternode / shared masternode hosting services.
It is nearly the same as storing coins on exchanges for too long; and you don't have control of your money.
Read more:
https://bitcointalk.org/index.php?topic=2998031.0
7. Don't store your coins on mixing service platforms for too long. Withdraw them immediately after mixing process finished.
It is nearly the same as storing coins on exchanges for too long.
Read more:
https://bitcointalk.org/index.php?topic=5153859.0
https://darknetlive.com/post/dutch-police-seize-bitcoin-tumbler-bestmixer-io/
8. Check KYC requirements on exchanges that you have plans to buy coins on their platforms.
This step is another must-do thing. It is ridiculous that your original aim to create accounts on exchanges is to buy your interested coins, and withdraw them to store in wallets you have control on private keys; but at the end you are unable to withdraw due to failed KYC.
It ensures that if you don't want to do KYC, you will not create account, and send your funds (bitcoin, fiats, whatever) to those exchanges; then you will have to mandatory do KYCs (that what you never want to do at starts).
In addition, it also ensure that on exchanges that KYC is mandatory to be able to withdraw money, you have to successfuly do KYC verification first, before send your fund to your accounts on those exchanges.
Sometimes, I saw people complain that they failed to do KYC verifications. There are some reasons:
ID cards, photos, ie. blurred
Their nations in which they live listed in exclusive nations of exchanges.
I believe this write up has helped you in one way or the other as a newbie.
Please I'm open for correction and you can add also in other for us to achieve this goal of educating the newbies.
Thank you.
I might decide to take some profit, but then, I still will be holding
Sure holding is the right thing to, don't let the predictions of some analysts gets into your head as it could be mere predictions, Bitcoin will get to $100k very soon. But taking some profit now would be a bad idea as Bitcoin is still having the potential of increasing after the price correction. There is a need to have an emergency fund saved to cover up to 3 months of your spendings so that you won't need to go back and forth with you Bitcoin investment. The goal is to have a long term Bitcoin holding and once you begin to temper your investment you might not hold for long.
One thing i will say is there will always be regrets in this crypto space because of the volatility attached to it. You might be regretting why you sold early because the price went up significantly above where you sold or you might be regretting another time why you didn’t sale because the price started dumping, these two are part of the space. But the best regret is always that doesn’t make you to be in loss that’s selling with a profit. How do one over come this i will say don’t fix a time to take profit rather fix a price to take profit.
If a coin gets to a price where you can take 75% holdings including some profit and maybe the invested amount too then take them. Don’t sometimes be too greedy for a high pump that you leave your coins most especially if it is Altcoins. Although the most important thing is to invest in what you can afford to lose so that there won’t be any regrets regardless of the decision made. Hodl bitcoin for long, take profit when necessary and you wouldn’t be in regret
Getting to a point of over-accumulation does tend to result in a lot of options that were not otherwise available during the time that accumulation was still taking place, and a person likely gets from 5 BTC to 6 BTC after a decent amount of hard struggles.. and sure there sometimes could come reassessments that end up allowing conclusions that 5 BTC is enough - and then recognizing that he has 6 BTC..
In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.
But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC. Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.
I agree that bitcoin certainly should not be an emergency fund, as you may need to sell it in low prices.In regards to your suggestion that the extra BTC could serve as an emergency fund is not completely off point, since whenever anything is extra there are options with it - yet still it does not tend to be good practices to have your emergency fund denominated in something other than your own local currency... which truly having BTC as part of your emergency fund could lead to selling some of them at price points that are not very convenient.
But yeah even having 6 BTC rather than 5 BTC could cause the HODLer to feel comfortable to begin some kind of a sustainable withdrawal strategy - especially since he has extra BTC. Even with a 6% withdrawal rate, there could be 0.025 to 0.03 BTC withdrawn every month... and it would take quite a while (several years) to deplete the amount down to 5 BTC.
I also see bitcoin as an insurance, in case things don't go well in the global economy or locally here in Brazil.
In this sense, bitcoin can save me in possible emergencies in the Brazilian economy. but this is different from an emergency fund
You are describing bitcoin in terms of a hedge function, so yeah that is a bit different from an emergency fund, even though each of us still need to consider various kinds of options that we have available to us in terms of where we hold our value and how much disposable income that we might have available to continue to add to our bitcoin investment and any other investments that we might have - while at the same time we surely have our monthly expenses, and there can be quite a bit of variance both in terms of how much monthly income that we can generate and whether our income and/or our expenses are varying to a large degree,
...and surely the more that our income and expenses vary, then the more likely that we have to keep some of our funds in our local currency in the forum of emergency funds, reserves and/or float.. which may well take away from how much we are either able to keep in bitcoin or to put in bitcoin.. and surely each of us are tempted by wanting to make sure that the extra value that we hold (even in local currencies) is working in some kind of way rather than either not gaining in value or excessively losing value.. and at the same time, we have to be careful not to get too greedy in terms of how much we feel that we need our capital to be working, because sometimes even those various funds that are held as emergency, reserves and float will end up serving their purposes. .including that the larger our bitcoin holdings, then maybe we are not going to want to be dipping into it at times that are not convenient.. but then we have to have money in reserves and float so that we dont have to touch our emergency funds either, unless an actual real emergency takes place.. ..so it would be a shame if we prematurely ended up using our emergency funds and then end up having to dip into our BTC at a time that was not at our own choosing when the actual emergency ended up coming.. so in a better case scenario world, we might well go 20-30 years or longer and never have to even touch our emergency funds because whenever we have shortfalls in cash we spend from our float and/or from our reserves.
And yes is very possible to go 20-30 years or longer and never have to even touch our emergency funds because we have a good float and reserves funds, in other to hodl Bitcoin for long is advised to have an emergency fund, float and reserves funds.
Investing a decent amount is also another way to say invest with an amount you can afford to lose. Even if one is responsible or irresponsible, he/she should know that it's very important to invest with an amount that they can always afford to risk. Everyone has an amount that they can afford to lose, but most people don't know.
I don't know if I'm getting you right but why do i feel that your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on. Regards to the issue of investing what one can afford to loose which connote money one will not border much to withdraw or sell off has been a bedrock if discussion since the forum is created I believe people who still get confused with statement like this need more to read in most pin post.
To invest on Bitcoin what you can afford to loose is very important this don't signify is gambling but money that will not border you to sell after being invested this don't happen to investor by mistake but by proper planning BTC investment need a good plan and many of the plan has been discussed virtually on daily basis here which includes emergency fund or reserve fund having other sources of income and engaging on stable income source.
So when someone makes an investment, is advised to use funds that they do not need for other purposes and also if they fail in the investment they make then this will not cause them to experience financial difficulties as a result of the investment they make and hinder their investment in the long term. this is very important because they have to be patient in order to get a profit from what they invest.
To be patient in investing, we must first understand the investment well and it is absolutely impossible for someone to persist in investing without properly understanding the investment they are making, that is what is experienced by those who panic when they see the price. Bitcoin is decreasing because they don't understand how it works. Bitcoin is good and for some people who understand it well, there are also those who take advantage of this opportunity to be able to collect more than usual so they can profit from the investments they make.
Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge
While doing push ups and build those muscles we need to consider nutrition in other to achieve those desired muscles, certain foods can help build our muscles, replenish nutrients, avoid fatigue, recover from training and maintaining their energy levels.
I will list some foods that my doctor listed for me that can help while doing this push up in other to achieve our goals properly.
This food I'm about to list contains protein to help someone build muscle. and they are.
Turkey
A cup of chopped turkey contains 37.23 g of protein, while a turkey drumstick contains nearly 27 g of protein.
Like chicken, turkey is a low fat protein source that is adaptable to different meals and recipes.
I will list some foods that my doctor listed for me that can help while doing this push up in other to achieve our goals properly.
This food I'm about to list contains protein to help someone build muscle. and they are.
Turkey
A cup of chopped turkey contains 37.23 g of protein, while a turkey drumstick contains nearly 27 g of protein.
Like chicken, turkey is a low fat protein source that is adaptable to different meals and recipes.
Why Turkey and chicken rather than pork, beef, lamb, organ meats and/or other kinds of meats - including fatty meats? What is wrong with fatty meats? Do you believe that low fat diets actually are a good thing? (especially when it comes to animal fats?)
Yeah, I can understand avoiding some kinds of fats, such as various kinds of artificially created fats like seed oils. but being steered towards turkey and chicken as the main nutritious land-based meats seems problematic.
Cottage cheese
Part-skimmed cottage cheese contains 14 g of protein per half-cup.
Cottage cheese is also rich in calcium for healthy bones.
Part-skimmed cottage cheese contains 14 g of protein per half-cup.
Cottage cheese is also rich in calcium for healthy bones.
Why skimmed? Why not full fat and/or raw? Yeah, there is a preference for processed.. and yeah, there is a propaganda against fats.
Salmon
A 227 g salmon steak contains 58.5 gTrusted Source of protein.
Salmon also contains omega-3 fatty acids, which have health benefits, including preventing muscle loss in older adults.
A 227 g salmon steak contains 58.5 gTrusted Source of protein.
Salmon also contains omega-3 fatty acids, which have health benefits, including preventing muscle loss in older adults.
I agree that salmon is probably pretty good, especially if referring to natural fats that it has.. yet is there a problem with other fish and seafood? yes we have some potential mercury problems and even farm raised with some of the various kinds of seafood.
Milk
Skimmed or 1% fat milk contains 8 g of protein per 8 oz, and high protein milk contains 13 g of protein per 8 oz.
As long as individuals tolerate milk, it can be a healthy choice to boost protein and hydration after exercise.
Milk also contains calcium which people require for healthy bones.
Skimmed or 1% fat milk contains 8 g of protein per 8 oz, and high protein milk contains 13 g of protein per 8 oz.
As long as individuals tolerate milk, it can be a healthy choice to boost protein and hydration after exercise.
Milk also contains calcium which people require for healthy bones.
again, why low fat? why processed? Why not raw? I know raw has been vilified all around the world, and I am rarely consuming raw dairy based on the same kinds of difficulties in obtaining it..
Eggs
A boiled or poached egg contains 6.28 g of protein.
Eggs contain the amino acid leucine, which research indicates is essential for muscle synthesis.
Eggs are also a suitable source of B vitamins that people need to produce energy.
A boiled or poached egg contains 6.28 g of protein.
Eggs contain the amino acid leucine, which research indicates is essential for muscle synthesis.
Eggs are also a suitable source of B vitamins that people need to produce energy.
At least you seem to be referring to the whole egg.. I am not sure if it needs to be cooked or how it is cooked matters so long as it is the whole egg, and some folks get into the egg white nonsense.. again issues with the yolk which is probably the most nutritious part of the egg... .. but yeah, probably in the end eating both the yolk and the eggwhites together would be a good thing no matter how that is accomplished.. and probably grass, bug fed and naturally free range chickens have better eggs than grain fed chickens, though surely all eggs likely have decent nutritiousness.
Chicken
A medium chicken breast without skin weighing 120 g contains 35.5 g of protein.
Chicken without the skin is a low fat protein source that someone can easily add to different meals and recipes.
A medium chicken breast without skin weighing 120 g contains 35.5 g of protein.
Chicken without the skin is a low fat protein source that someone can easily add to different meals and recipes.
Again. look at your nonsense about a preference for low fat.. including which parts of the chicken that you are choosing.. surely there is some bad propaganda weaved into this advice that you are giving and relying on a supposed expert of a doctor, which surely I would question doctors in terms of their abilities to give nutritional advice, especially if they are getting schooled under some of the nonsense standards of care ideas around fat phobias and the various wrongness angles of the heart-lipid hypothesis that involve recommending against saturated fats and pushing artificial/substitute fats instead of acknowledging the nutritional benefits/advantages in various natural fats (including animal fats and saturated fats that are included in those) - including attempting to suggest that there is healthiness that can be found in processed foods - including overly allowance of carbs to substitute for meats and the pumping of various plant based proteins that sometimes substitute for meats, which likely has some of its own problems with the various plant-based protein products.. around soy, corn, wheat and perhaps some other attempts at protein substitutes and other ways to fill foods with inferior ingredients in the name of science (and surely profits too).
Now I will love us to please eat healthy especially now we are part of this pushups challenge, we all need a variety of protein sources and amino acids to build muscle during training, so please let's all encourage ourselves every day.
#eatinghealthy.
100k,smilevictorobinna,39,3900,2024-05-29
#eatinghealthy.
100k,smilevictorobinna,39,3900,2024-05-29
Yes.. eating "healthy" is a good idea; however, if you are spouting out wrong talking points about what is healthy, then that may well end up NOT being so great, even though there could be some truth that some aspects of your low fat baloney might still have some advantages at least if there could be some agreement that eating natural foods is likely more healthy than processed foods or that there are several advantages to stay away from complex carbohydrates (referring to high sugar products).. but still you seem to be lacking in some of your attempt to figure out what is the difference between healthy and not healthy and just spewing out some standards of care talking points that have a lot of disinformation within them that seem to be linked to wrong-thinking about the heart-lipid hypothesis and perhaps an overly allowance of processed foods.. even though your specific recommendations do not seems to specifically go down that road..
I just called my friend who also studied nutrition and I showed him the list and he approved it also, so it will be best you give tell us your source that told you some of those food listed are not good for the purpose I mentioned.
Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge
While doing push ups and build those muscles we need to consider nutrition in other to achieve those desired muscles, certain foods can help build our muscles, replenish nutrients, avoid fatigue, recover from training and maintaining their energy levels.
I will list some foods that my doctor listed for me that can help while doing this push up in other to achieve our goals properly.
This food I'm about to list contains protein to help someone build muscle. and they are.
Turkey
A cup of chopped turkey contains 37.23 g of protein, while a turkey drumstick contains nearly 27 g of protein.
Like chicken, turkey is a low fat protein source that is adaptable to different meals and recipes.
I will list some foods that my doctor listed for me that can help while doing this push up in other to achieve our goals properly.
This food I'm about to list contains protein to help someone build muscle. and they are.
Turkey
A cup of chopped turkey contains 37.23 g of protein, while a turkey drumstick contains nearly 27 g of protein.
Like chicken, turkey is a low fat protein source that is adaptable to different meals and recipes.
Why Turkey and chicken rather than pork, beef, lamb, organ meats and/or other kinds of meats - including fatty meats? What is wrong with fatty meats? Do you believe that low fat diets actually are a good thing? (especially when it comes to animal fats?)
Yeah, I can understand avoiding some kinds of fats, such as various kinds of artificially created fats like seed oils. but being steered towards turkey and chicken as the main nutritious land-based meats seems problematic.
Cottage cheese
Part-skimmed cottage cheese contains 14 g of protein per half-cup.
Cottage cheese is also rich in calcium for healthy bones.
Part-skimmed cottage cheese contains 14 g of protein per half-cup.
Cottage cheese is also rich in calcium for healthy bones.
Why skimmed? Why not full fat and/or raw? Yeah, there is a preference for processed.. and yeah, there is a propaganda against fats.
Salmon
A 227 g salmon steak contains 58.5 gTrusted Source of protein.
Salmon also contains omega-3 fatty acids, which have health benefits, including preventing muscle loss in older adults.
A 227 g salmon steak contains 58.5 gTrusted Source of protein.
Salmon also contains omega-3 fatty acids, which have health benefits, including preventing muscle loss in older adults.
I agree that salmon is probably pretty good, especially if referring to natural fats that it has.. yet is there a problem with other fish and seafood? yes we have some potential mercury problems and even farm raised with some of the various kinds of seafood.
Milk
Skimmed or 1% fat milk contains 8 g of protein per 8 oz, and high protein milk contains 13 g of protein per 8 oz.
As long as individuals tolerate milk, it can be a healthy choice to boost protein and hydration after exercise.
Milk also contains calcium which people require for healthy bones.
Skimmed or 1% fat milk contains 8 g of protein per 8 oz, and high protein milk contains 13 g of protein per 8 oz.
As long as individuals tolerate milk, it can be a healthy choice to boost protein and hydration after exercise.
Milk also contains calcium which people require for healthy bones.
again, why low fat? why processed? Why not raw? I know raw has been vilified all around the world, and I am rarely consuming raw dairy based on the same kinds of difficulties in obtaining it..
Eggs
A boiled or poached egg contains 6.28 g of protein.
Eggs contain the amino acid leucine, which research indicates is essential for muscle synthesis.
Eggs are also a suitable source of B vitamins that people need to produce energy.
A boiled or poached egg contains 6.28 g of protein.
Eggs contain the amino acid leucine, which research indicates is essential for muscle synthesis.
Eggs are also a suitable source of B vitamins that people need to produce energy.
At least you seem to be referring to the whole egg.. I am not sure if it needs to be cooked or how it is cooked matters so long as it is the whole egg, and some folks get into the egg white nonsense.. again issues with the yolk which is probably the most nutritious part of the egg... .. but yeah, probably in the end eating both the yolk and the eggwhites together would be a good thing no matter how that is accomplished.. and probably grass, bug fed and naturally free range chickens have better eggs than grain fed chickens, though surely all eggs likely have decent nutritiousness.
Chicken
A medium chicken breast without skin weighing 120 g contains 35.5 g of protein.
Chicken without the skin is a low fat protein source that someone can easily add to different meals and recipes.
A medium chicken breast without skin weighing 120 g contains 35.5 g of protein.
Chicken without the skin is a low fat protein source that someone can easily add to different meals and recipes.
Again. look at your nonsense about a preference for low fat.. including which parts of the chicken that you are choosing.. surely there is some bad propaganda weaved into this advice that you are giving and relying on a supposed expert of a doctor, which surely I would question doctors in terms of their abilities to give nutritional advice, especially if they are getting schooled under some of the nonsense standards of care ideas around fat phobias and the various wrongness angles of the heart-lipid hypothesis that involve recommending against saturated fats and pushing artificial/substitute fats instead of acknowledging the nutritional benefits/advantages in various natural fats (including animal fats and saturated fats that are included in those) - including attempting to suggest that there is healthiness that can be found in processed foods - including overly allowance of carbs to substitute for meats and the pumping of various plant based proteins that sometimes substitute for meats, which likely has some of its own problems with the various plant-based protein products.. around soy, corn, wheat and perhaps some other attempts at protein substitutes and other ways to fill foods with inferior ingredients in the name of science (and surely profits too).
Now I will love us to please eat healthy especially now we are part of this pushups challenge, we all need a variety of protein sources and amino acids to build muscle during training, so please let's all encourage ourselves every day.
#eatinghealthy.
100k,smilevictorobinna,39,3900,2024-05-29
#eatinghealthy.
100k,smilevictorobinna,39,3900,2024-05-29
Yes.. eating "healthy" is a good idea; however, if you are spouting out wrong talking points about what is healthy, then that may well end up NOT being so great, even though there could be some truth that some aspects of your low fat baloney might still have some advantages at least if there could be some agreement that eating natural foods is likely more healthy than processed foods or that there are several advantages to stay away from complex carbohydrates (referring to high sugar products).. but still you seem to be lacking in some of your attempt to figure out what is the difference between healthy and not healthy and just spewing out some standards of care talking points that have a lot of disinformation within them that seem to be linked to wrong-thinking about the heart-lipid hypothesis and perhaps an overly allowance of processed foods.. even though your specific recommendations do not seems to specifically go down that road..
[edited out]
....... I know a lot of people here are faking their pushups exercise and might not know the value of eating protein during training nor take this Post very serious First, how do you know "a lot of guys are faking their pushups?"
Second, how do you define "a lot".. more than 10%, which would be around 4 guys in this particular instance of our currently having 40 pushers who are included in the table? Or are you referring to guys outside of the table too?
Third, is the lessen about the value of eating protein? I am not disagreeing with that, but then what other aspects of our diets might we consider? you have any ideas/opinions about fats? what about other stuff? Do you consider that just eating proteins is the key or what else might be going on in terms of diet?.. so yeah the three components of diet, sleep and exercise.. and surely pushups could cover exercise to the extent that there might be other kinds of exercises (or activities) that might be weaved (and vary) into the lifestyles of guys who are currently participating in these pushups..
Fourth.. maybe another side point in regards to considering that not even a lot of guys seem to be participating in these pushups.. or participating in this thread... if currently, we have 40 guys on the table, and how many guys who are not on the table but still may well be participating.. maybe only 10 or perhaps we could have up to an additional 20 guys who might be sporadically doing pushups or who had been doing some of these pushups at various points since this thread started nearly 4 months ago, so it might be really difficult to end up getting up to 100 guys to submit reports in order to end up on the table...
Fifth, getting back to the faker idea, surely it may well be better if they were not fakers, but I would consider quite difficult to verify, so why get worked up about it.. or even presume faking to be a predominant and/or prevalent phenomena.... and if we might confirm someone as an actual faker and we have evidence or the logic of the story does not add up, then what should we do about it?.. If we were to end up having a certain percent as pushup fakers, then maybe we would need some extra non-fakers to make up for the existence of fakers... Maybe there could be a label of "suspected faker?" even though I am not sure how helpful that would end up being or how we might differentiate the ones we consider to be fakers from the non-fakers.
but I must advice those who are not faking theirs to start eating healthy.This is why I love this forum because i keep learning new and important things everyday.
Do you consider the latest dietary recommendation post of what Smilevictorobinna posted as being a good way to think about what kind of eating is "healthy?" or do you have any other thoughts on the framing of what might be considered to be "healthy" eating. Surely, I am not going to deny that some aspects of what Smilevictorobinna mentioned might well be considered as reasonably healthy, but there are a lot of problematic presumptions contained in both what he said and even that he is proclaiming that what he said might be more valid since it is coming from a "doctor," which I am not even going to assert that a large number of doctors would not say such a thing, since a lot of them are actually spouting out various standards of care talking points about healthy living that are likely influenced by interests that may well not be as scientific as they claim to be and also not as concerned about our actual health as they claim to be.
I am older and my exercise for this seems to be good cardio. But 20 minutes 1 a day should be all the cardio I need at 67 years old.
276 steps in 9 minutes and still climbing higher
276 steps in 9 minutes and still climbing higher
I surely may be repeating myself, but likely there is nothing wrong with that, especially since I think that there is an important point to be made in regards to what might be considered similar or not similar to pushups.. .. which I would think that there should be some attempt to stay within the spirit of the pushup to the extent possible... while at the same time, I recognize that some of us are likely going to have differing opinions regarding what is similar to the pushup and what is not.. so for example, some things are surely not close to the pushup, such as trying to take 100 sips of coffee per day, and so there may well be some areas that are not disputed as much, and surely there is some aspects of stairs that might be similar to pushups in terms of their lifting the body up but surely using a different part of the body.. mostly legs.. but the way you seem to be doing them seems to be more of a cardio thing (as you even admit), and I was getting the sense that your earlier planks were somewhat closer to pushups at least in the sense of having the core strength element contained therein and there might be some aspects of arms and chest that could be within planks depending on how they are done (in terms of position that might be attempted to be held.. whither using arms and even putting pressures on shoulders and/or chest).
At the same time, I still believe that the spirt of the idea of pushups is not very much focused on cardio, even though surely there are some cardio components to doing pushups... and there could be some emphasis on the cardio component of pushups when someone is trying to do high reps and low weights (and maybe even modifying pushups in that way), even though it may also be difficult to avoid a certain amount of strength spect that seems to be a part of most pushups even if they might be modified and attempted to do with quantity and speed... so to me, pushups are not really so much within the cardio category of exercises.
Also, another area of repetition may well be to say that the older that we get, the more likely that we need to attempt to gravitate towards resistance and strength training since we tend to lose muscle mass as we age and cardio focused exercises would not be helping us out very much in regards to an area that we really need to attempt to safeguard both the loss of muscle mass and potentially even some needs to try to build some muscle mass, even though some of that may also be difficult to accomplish through cardio and also without specifically trying to pay attention to the way that we might be attempting to focus our exercises, especially as we get older..
And yeah philip you old duck, none of us an avoid the fact that each of us is getting older, and even recognizing and/or appreciating that it can be quite difficult to either get into some routine that attempts to emphasize resistance training and not to overly slip into temptations to do cardio. which surely seems to be a quite common error.. and surely even some guys here (including uie-pooie) might not even agree with this assertion that I am making, but you are not going to find me backing down from it, even if you want to argue that "cardio is better than nothing," which I would not disagree regarding that assertion, even while I continue to proclaim that all elderly and getting older folks likely need to attempt to have some various forms of resistance training in their routine if they want to try to lessen some of the body's aging tendencies to lose muscle mass and to become more and more difficult to build muscle mass.
Concluded 50 for today but I took more time to finish with sets of 25 and more rest time as i had other work to do plus usual dumbbell presses. But I'm enjoying at the same time even after being exhausted.
Reporting for fourth day.
100k,CoinMin3r,4,200,2024-05-29
Reporting for fourth day.
100k,CoinMin3r,4,200,2024-05-29
I am glad to see your participation in this thread CoinMin3r, and I saw from one of your other posts that you have been in bitcoin for nearly 10 years.. . which surely is shown by your forum registration date.. and yeah, if you had been more of a reader than a participant in the forum, then maybe you might have had been missing out on a lot of potential with the forum, and there still could be good things for you to get more actively involved in various aspects of the forum - even though a quick review of your account I see various shitcoin participation and even gambling, but still, there might be areas in which you can participate and maybe we can argue about if you might start to figure out the value of bitcoin and even the value of long term investing rather than fucking around with shitcoins.. at some point... perhaps? perhaps?.. but I also understand that sometimes it can be more difficult for some of the members who have English as their non-native language to really feel comfortable with batting around some of the bitcoin-specific topics that are in English.
Oh, and regarding your pushups, I understand that you might not have time to do a lot of sets in a day, but there may well be ways to increase your pushups by doing fewer per set and doing 3-5 sets per day.. and then working your way up to higher numbers of pushups per day. Yes, I understand that any of us are likely going to be sore in the first month or two doing pushups, and the older we are the more likely that our recovery times might be longer too.. but yeah, I also understand that some guys might have schedules that don't really allow them to do very many pushup sets in a day.. and even sometimes I get into so activities that make it more difficult for me to fit in some pushups..
I just called my friend who also studied nutrition and I showed him the list and he approved it also, so it will be best you give tell us your source that told you some of those food listed are not good for the purpose I mentioned.
⭐ Merited by JayJuanGee (1)
If they are looking for short term profit then they will be disappointed and you are I know that for us to see reasonable profit in bitcoin investment we must invest for the long term and not short term. That's why it's necessary for people coming into bitcoin investment to have the right orientation/mentality. They have to know on time if are coming into bitcoin investment as a trader or hodler.
When it comes to knowing when to use the other two strategies like buying the dip or lump sum, well I will say that the person who is making his first buy in bitcoin can use lump sum buy and follow it up subsequently with DCA, especially if he wants to own a certain level bitcoin in his possession. While knowing when to use the buy the dip strategy is simply when you see the level of dip you have already predetermined or set for yourself before any dip occurs in the market. This will make you not to lose focus or confused on when to enter the market if eventually dip happens. You know nobody has the entire knowledge of the market and when certain variables will play out, so it's important to always get prepared before the eventuality of any market situation. When preparation meet performance, good result is always birthed.
When it comes to knowing when to use the other two strategies like buying the dip or lump sum, well I will say that the person who is making his first buy in bitcoin can use lump sum buy and follow it up subsequently with DCA, especially if he wants to own a certain level bitcoin in his possession. While knowing when to use the buy the dip strategy is simply when you see the level of dip you have already predetermined or set for yourself before any dip occurs in the market. This will make you not to lose focus or confused on when to enter the market if eventually dip happens. You know nobody has the entire knowledge of the market and when certain variables will play out, so it's important to always get prepared before the eventuality of any market situation. When preparation meet performance, good result is always birthed.
Those who have spend time in Bitcoin have consent that it's ideal to invest into Bitcoin for long term. But that's not the case with new comers, most of them came with mind that Bitcoin is about getting rich overnight and when that desire is not fulfilled they get disappointed.
Regarding three techniques i.e. Lump Sum, Buy the dip and DCA, anyone with experience can adjust buy the dip and Lump Sum with DCA. If I am a new comer, I would prefer to go with small amount i.e. investing small amount every week or month. Once your confidence is developed you can go for Lump Sum with some increased capital. Both DCA and Lump Sum are good as long as you are confident about the technique you are adopting.
1. I don't need to time the market before i can buy.
2. I don't have to be a millionaire to afford a whole bitcoin before i can buy (This is one of the main reasons)
3. There is less risk involve in the strategy.
4. DCA has helped me maintain a more consistent habit in bitcoin investment and in other investment. I see reason to always invest consistently.
Perhaps my investment may change in future depending on my financially level. And by then i will be willing to change to a better option that will help my investment.
I honestly don't think that bitcoin will reach $100,000 before halving, though I am not saying it's completely impossible, but it's hard, and if this does happen before the halving takes place, I honestly do not have any plan currently, which also means that, I will be holding still
Smilevictorobinna it's too early to start making such assumptions and predictions towards the next Bitcoin having, because Bitcoin has been in a potential state of increasing more than $100k. When the bull run starts I believe Bitcoin will get to $100k.
On the other hand if you are talking about the already existing Bitcoin Halving then you need to know that we are already at the Bitcoin halving which took place on the 19th of April, and we are currently in the price correction which seems to be in a sideways trend. Once Bitcoin break through the resistance point which happens to be the ATH, we will definitely be experiencing a bullish trend. I believe Bitcoin will get to $100k at towards the ending part of this year or at the first half of next year.
Bitcoin can get to 100k this year is possible I just did some search about the history of Bitcoin halving and I believe Is possible but still no body can tell it may reach or may not.
Bitcoin Halving Dates History
2012 Halving
The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.
New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day: $12.35
Price 150 Days Later: $127.00
2016 Halving
The second halving occurred on July 9th, 2016.
New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day: $650.63
Price 150 Days Later: $758.81
2020 Halving
The third halving occurred on May 11, 2020.
New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00
Current Bitcoin Block Subsidy
The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.
No one feels that bitcoin is not growing in a positive direction, it will always do that all the time. But will it reach $100K? I am very sure it will happen at the end of the year before it will actually reach the renewable ATH in 2025. Maybe it is currently being prepared for a correction first and will not immediately rise because it still has a long time. A correction will provide an impetus for bitcoin to reach its best peak.
The time when there is a correction is to buy and hold. If it is too expensive, there could be potential altcoin alternatives that are cheaper.
I am quite confident that we will see a price of $100K in the near future because currently the support for Bitcoin is strong and we can also see it when the correction is not too deep (not the same as what happened in previous years) so I think that can be a reference for us to compare to what will happen in the future.The time when there is a correction is to buy and hold. If it is too expensive, there could be potential altcoin alternatives that are cheaper.
After the Bitcoin Halving there will usually be a Bitcoin price correction before it increases rapidly and currently we are in the midst of a small correction that is occurring so indeed if you believe you will see a price of $100K at the end of the year that is quite logical in fact I think it could be faster.
We can can remember that in previous circles, we usually don't get to see any major bitcoin price movement in the upward side until after the halving have come and gone, but this circle seems a bit different from the others, this is why I still believe that this season's bull run might be the biggest we've ever seen and might ever see again in the entire history and future of bitcoin and crypto currencies in general, so, we all should not fumble our bags no matter what, you might sell hoping to buy back at a cheaper rate after price correction, only to end up either buying back at a higher price, or stay locked out from participating and gaining from the upward price movement.
Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge
While doing push ups and build those muscles we need to consider nutrition in other to achieve those desired muscles, certain foods can help build our muscles, replenish nutrients, avoid fatigue, recover from training and maintaining their energy levels.
I will list some foods that my doctor listed for me that can help while doing this push up in other to achieve our goals properly.
This food I'm about to list contains protein to help someone build muscle. and they are.
Turkey
A cup of chopped turkey contains 37.23 g of protein, while a turkey drumstick contains nearly 27 g of protein.
Like chicken, turkey is a low fat protein source that is adaptable to different meals and recipes.
Cottage cheese
Part-skimmed cottage cheese contains 14 g of protein per half-cup.
Cottage cheese is also rich in calcium for healthy bones.
Salmon
A 227 g salmon steak contains 58.5 gTrusted Source of protein.
Salmon also contains omega-3 fatty acids, which have health benefits, including preventing muscle loss in older adults.
Milk
Skimmed or 1% fat milk contains 8 g of protein per 8 oz, and high protein milk contains 13 g of protein per 8 oz.
As long as individuals tolerate milk, it can be a healthy choice to boost protein and hydration after exercise.
Milk also contains calcium which people require for healthy bones.
Eggs
A boiled or poached egg contains 6.28 g of protein.
Eggs contain the amino acid leucine, which research indicates is essential for muscle synthesis.
Eggs are also a suitable source of B vitamins that people need to produce energy.
Chicken
A medium chicken breast without skin weighing 120 g contains 35.5 g of protein.
Chicken without the skin is a low fat protein source that someone can easily add to different meals and recipes.
Now I will love us to please eat healthy especially now we are part of this pushups challenge, we all need a variety of protein sources and amino acids to build muscle during training, so please let's all encourage ourselves every day.
#eatinghealthy.
100k,smilevictorobinna,39,3900,2024-05-29
I will list some foods that my doctor listed for me that can help while doing this push up in other to achieve our goals properly.
This food I'm about to list contains protein to help someone build muscle. and they are.
Turkey
A cup of chopped turkey contains 37.23 g of protein, while a turkey drumstick contains nearly 27 g of protein.
Like chicken, turkey is a low fat protein source that is adaptable to different meals and recipes.
Cottage cheese
Part-skimmed cottage cheese contains 14 g of protein per half-cup.
Cottage cheese is also rich in calcium for healthy bones.
Salmon
A 227 g salmon steak contains 58.5 gTrusted Source of protein.
Salmon also contains omega-3 fatty acids, which have health benefits, including preventing muscle loss in older adults.
Milk
Skimmed or 1% fat milk contains 8 g of protein per 8 oz, and high protein milk contains 13 g of protein per 8 oz.
As long as individuals tolerate milk, it can be a healthy choice to boost protein and hydration after exercise.
Milk also contains calcium which people require for healthy bones.
Eggs
A boiled or poached egg contains 6.28 g of protein.
Eggs contain the amino acid leucine, which research indicates is essential for muscle synthesis.
Eggs are also a suitable source of B vitamins that people need to produce energy.
Chicken
A medium chicken breast without skin weighing 120 g contains 35.5 g of protein.
Chicken without the skin is a low fat protein source that someone can easily add to different meals and recipes.
Now I will love us to please eat healthy especially now we are part of this pushups challenge, we all need a variety of protein sources and amino acids to build muscle during training, so please let's all encourage ourselves every day.
#eatinghealthy.
100k,smilevictorobinna,39,3900,2024-05-29
See this matter of investing in bitcoin is also something we should take seriously as much as we need to plan for our daily needs, we also have to understand that needs don't finish and they keeps coming up on daily basis, but as much as we have to take care of other things we have to understand that we have to take our investment in bitcoin very serious too. If someone is making a monthly income of $200 and he is investing only $10 I think it's very poor. If you are making monthly income of $200 you should at least invest 10% of the money which is $20 and I don't think it's too much. If $190 can carry you for a month, I think $180 will equally be enough to carry you for the moment. In as much as we are investing, we should also target to have a reasonable amount of fraction of bitcoin and to accumulate it, we have to make some certain level of sacrifice.
We need to realize that we don't need to be aggressive from the beginning if we can't bear it until the end because after all, with the current economic conditions that are increasingly difficult for the majority of us whose economic strata are below average, it will indeed be very difficult if we are too forceful.You have an income of $200 for a month and spend at least $10 meaning in this case 5% if you can afford it like that why not because if you force it to 10% by putting in $20 during but we actually have to mess around with daily needs that we cannot bear it is a careless step in the end.
So in this case it is better for you to invest with all forms of your readiness and if indeed we can afford $10 but for the long term then why not because it is much better than nothing and of course this is much better than we force $20 but the investment we make does not last long because you cannot afford to spend the 10 percent to invest in the time period you have determined.
Very true. When we can easily identify our strength and weakness before even starting any investment at all, there should be a strong tendency of a long and successful investment. $10 looks fine since we know that we are only focused on a single investment plan, and not focused on any form of diversification. To me, Investment shouldn't be a forceful act, but rather something that comes from my own will. When I agree to make a $10 investment for long term, it should be willingly and not forcefully. But from every general perspective, I think it will be ideal to start with what your strength can carry and ensure you maintain a consistent level.
of course we need an extra money and not using a required money or our life saving.
remember,
cryptocurrency is not an assets that can be meassured by a common sense,
what i mean is you can double your money tomorrow and you also can lose it all tomorrow.
that is why many people always say it to newbie or beginner :
'Always invest what you can afford to lose'.
in cryptocurrency,we're only lossing it as long as we sell it cheaper than what will bought it.
whenever your portfolio goes low, you need to wait until it recovers its price back.
that is why you need to invest your extra money or your discretion income instead of your life savings or money you want to make use of.