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Showing 20 of 149 results by Umulala-alala
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Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Umulala-alala
on 05/08/2025, 13:26:09 UTC
i have practicing having emergency fund with my investment and outside my Bitcoin journey i have been make sure that my emergency fund is always available to cover when the needs arisess, i really appreciate some of the forum topics because they really help me to build up the better me today.
Setting aside emergency funds when you are investing in bitcoin is not for you to use to solve your basic needs because if you do that, you are taking a wrong step in your bitcoin investment, and you will find it difficult to hold your bitcoin investment for 4-10 years. If you want to solve your basic needs, you will use your weekly or monthly income to solve your basic needs, while you will use your emergency funds only when an unexpected problem you didn't plan for arises.
While that's true. It's also worth noting that not all unexpected expenses are actual emergencies, that's why it's also advisable to have other backup funds asides the emergency fund, just like the reserve fund and also the float fund, this could also be used to cover some unexpected expenses which are not actually an emergency, so that the emergency fund will always be reserved until when an actual emergency occurs.
Emergency is emergency bro when Challenges you never expected hits you it's called an emergency maybe the unexpected expenses you are talking about is for example maybe you dey go buy food stuff for market and you no expect to give out money to people you just budgeted money for food stuff only and some one or an old friend now ask you for money and you gave out I believe that's the kind of unexpected expenses you are talking about.
I don't think that's the type emergency we are talking about real emergency could be burial in Nigeria you already know that people spend whole lots of money when it comes to burial this is just an example of the kind of emergency fund we are talking about not road side expected expenses.
So the expected emergency you are referring to is not the real emergency when it comes to bitcoin investment.
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Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Umulala-alala
on 05/08/2025, 13:00:54 UTC
Day 3

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Post
Topic
Board Nigeria (Naija)
Re: Invest in bitcoin or save your money in the bank.
by
Umulala-alala
on 05/08/2025, 09:20:16 UTC
If you check, na why e talk say, e depend on the plans you get for that savings and how long you wan save am, this is why e Dey good to get emergency funds, so that you no go need to go run meet your investments or savings anytime wey you get emergency or money wahala. But if you no get long term plans for that money, then the bank na e be the best option to save, so that anytime you just need am, you go just go there go collect am without stress, and you no go Dey bother whether btc dey go up or down.

Better truth dey this matter as no be every cash wey person supposed to invest. We no suppose dey put all our eggs for one basket but separate them to avoid any complications. As you get dey invest for Bitcoin, make you dey get savings too.

Na that savings go give your investment money enough space to do well because the more you get funds to handle any business wey come up, the better for the investment as e go ust dey grow with time.

Wahala money dey very important pass anything because that investment wey you dey run so, you no even sure if na sure plug and irrespective, anything fit still happen wey go make you lose all your investments then and if you no been get backups na there problem go begin to start from as you'll now have to start from the ground to build yourself up without any financial backing.
I so much like this your talk way you say we no supposed put all our egg for one basket and no true talk be that, one of the reasons to to put our egg in different basket is incase one side no work the other side fit still dey sustain man to diversify in different businesses or Investment na e sure pass instead of putting all hope in just one thing as anything fit sup I don learn some thing for this talk.
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Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Umulala-alala
on 04/08/2025, 11:05:27 UTC
Day 2

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Post
Topic
Board Speculation
Re: 100 Push-Ups Per Day Until Bitcoin Is £100K Challenge
by
Umulala-alala
on 04/08/2025, 01:56:28 UTC
After dropping for 6 days in a row, Bitcoin is finally closing green on the 7th day. It really needed to bounce and it did. Those who sold around $112k might be regretting it now.
I kept it going with 200 push-ups again today. It was a Sunday spent doing housework. I hope everyone's weekend went well too.

editk,EFS,110,18100,2025-08-03
Yes sir i had a wonderful weekend, it is those who don't understand that bitcoin fluctuates that will sell when there is a slit decline in price of bitcoin and they will surely be regretting why to sold when they are still suppose to buying more bitcoin and keep holding.
Am slowly getting back to fitness, i have been consistent in the past 6 days i maintain a 100 push up per day and slowly i will be increasing my numbers per day.

100k, Umulala-alala, 51, 6420, 2025-08-03.
Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Umulala-alala
on 04/08/2025, 01:36:54 UTC
Actually both Bitcoin, shitcoin, altcoins etc are all embedded in Cryptocurrency but because of the potentials Bitcoin has over all other coin, we have to address it different from other cryptocurrency and we ought to specify Bitcoin whenever we are talking about it so that newbie won't go and invest in the wrong place and I believe these are the reasons we should not..., maybe when those other cryptocurrency prove themselves they can also be set aside as Bitcoin but until then Bitcoin shouldn't be address as cryptocurrency because there is more to Bitcoin than those...

Indeed  bitcoin is now a father of all coin in the market but that does not change the fact that bitcoin is a cryptocurrency, we still have every right to describe it as cryptocurrency so anyone that is using the term Crypto currency" is not wrong but when we are making use of this term Crypto currency" it means that we are referring to all the coin that is present in the Crypto market. So anyone that is giving reference need to be specific to enable those who are not familiar with this term to know where they are heading.
How often will it be told or said that bitcoin shouldn't be described as a cryptocurrency before people like you will learn i can see that you are the type who will failed exam or test in school and still failed correction.
I believe this thread is talking about bitcoin accumulation and not about cryptocurrency the reason we should use bitcoin is that many has fall victim of investing into so Ponzi Investment because they were misinform and mislead by people like who still failed to realize that bitcoin is bitcoin and not cryptocurrency if you want to make some references or describing a particular coin to person since you know there are different and untrusted coin in the vague word cryptocurrency you can hit the nail at the head by going straight to the point or by been specific enough to call bitcoin as bitcoin and shitcoin as shitcoin and never cryptocurrency and i hope you don't argue further about this.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Umulala-alala
on 03/08/2025, 12:33:56 UTC
Your statement is correct, I really think the most important thing when considering investing in bitcoin is first of all having a discretionary income to invest with using the DCA Method could actually help us to invest and accumulate more on a regular basis depending on our discretionary income, definitely we might have some challenges financially so it might not be a guarantee that even if we are able to accumulate every week with a specific amount we might still face some challenges with our portfolio.


The main reason why discretionary income is important if you are opting for DCA is that for DCA we need an amount that can be large or big but we have to make sure that this amount is available every week for investing in Bitcoin. Our primary income which we get from our job salary or through business is used to meet our day to day expenditures and we cannot make sure that we save a fixed amount every week for Bitcoin. Generating discretionary income is not difficult these days because of availability of online work, all we need is a will to generate a discretionary income.
 
Dca strategy must not even a very big or large amount as you said i think you are mistaken lump sum to dca because it is in lump sum strategy that an investor uses large amount to buy bitcoin with your dca amount can still actually be big depending on the investor capacity and also how large his discretionary income is and also the dca can also be done either weekly or monthly not just weekly.

You are misunderstanding MusaPK, he said an amount that can be large or big and he later said this amount should be available every week that is if the investor uses weekly approach and he earns weekly too that this amount should be available. No amount is specified to be use while DCAing, you can use any amount provided it is convenient for you and we all know that different people have different capability and different cash flow so what Mr A will consider as large or big may not be what Mr B will consider as large or big but in all make sure you are investing rightly that is the most important thing, there shouldn't be a down time in your accumulation as that will help an investor grow faster.
He did not specify it he is indirectly saying that for one to use the dca strategy that he needs a large or big amount of money this can actually scare away those who has just little money to start with, to me that information is wrong your dca can either be small, medium or big depending on the ability of such investor so he should say it right and it also seems to me that you don't understand how the dca work saying that the dca amount should be large amount simply means that those low income earners can't even think of starting their bitcoin investment because they have been misinform by you Derekfunds and MusaPk let things be said the way it won't get people confused.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Umulala-alala
on 03/08/2025, 11:07:42 UTC
Your statement is correct, I really think the most important thing when considering investing in bitcoin is first of all having a discretionary income to invest with using the DCA Method could actually help us to invest and accumulate more on a regular basis depending on our discretionary income, definitely we might have some challenges financially so it might not be a guarantee that even if we are able to accumulate every week with a specific amount we might still face some challenges with our portfolio.


The main reason why discretionary income is important if you are opting for DCA is that for DCA we need an amount that can be large or big but we have to make sure that this amount is available every week for investing in Bitcoin. Our primary income which we get from our job salary or through business is used to meet our day to day expenditures and we cannot make sure that we save a fixed amount every week for Bitcoin. Generating discretionary income is not difficult these days because of availability of online work, all we need is a will to generate a discretionary income.
 
Dca strategy is not a very big or large amount as you said i think you are mistaken lump sum to dca because it is in lump sum strategy that an investor uses large amount to buy bitcoin with your dca amount can still actually be big depending on the investor capacity and also how large his discretionary income is and also the dca can also be done either weekly or monthly not just weekly.
Post
Topic
Board Beginners & Help
Re: 🔥 Whale.io [CHALLENGE] Run A Bitcoin Node: 14 Days To 14 Merits
by
Umulala-alala
on 03/08/2025, 08:43:19 UTC
Day :1

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Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Umulala-alala
on 02/08/2025, 16:44:55 UTC
If you have a basic idea before investing, especially how to store it in a safe wallet, I think you can start investing regularly from then.
Learning about safe wallets to store your bitcoin is good and important because at some point you will need to store your bitcoin in a bitcoin wallet, and if you don't know the right wallet to store your bitcoin, you might store your bitcoin in a wrong bitcoin wallet, which could cause you to lose your bitcoin. But I think there are things that are more important to learn than learning about Bitcoin wallets at the beginning of your investment, and they include figuring out if you will have discretionary income to invest in Bitcoin and how much of your discretionary income you will invest into Bitcoin so that you will not invest more than your discretionary income into Bitcoin and end up selling your Bitcoin too early. After you have started accumulating Bitcoin, then you can learn anything you want to know about Bitcoin.
I totally agree with you that there are things that are more important to learn than learning about Bitcoin wallets at the beginning of your investment, that is why i always advise  newbies over time that at your earliest stage of your Bitcoin journey it is always advisable to learn everything that you needed to know about Bitcoin investments before being in a hurry of selecting a wrong wallet that you can use to store your Bitcoin because Bitcoin is not what you can practice what you don't have the full knowledge about and money is involved on the process, so to avoid losing of money on the process of practicing what you don't have knowledge about is better to learn how to store in a safe wallet than losing all your money in wrong wallet.
There is no way you can learn all about bitcoin before getting started, there are experience you will get when when you get started then waiting to learn everything before you start buying bitcoin, if you already have some little knowledge about and you also see that you have a discretionary income you can get started on that process you can be learning gradually about bitcoin and still be buying bitcoin and that will be the best because the time you will be waiting and learning bitcoin you can actually use it to be buying bitcoin using the dca method consistently and hold for long time.
Post
Topic
Board Nigeria (Naija)
Merits 4 from 2 users
Re: Balancing Financial security and Bitcoin Accumulation
by
Umulala-alala
on 30/07/2025, 10:30:27 UTC
⭐ Merited by POPOLUV (2) ,Ronsbit (2)
You folks shouldn't make it look like investing in bitcoin and investing in crypto isn't diversification because both assets can be converted into cash, but it is just advisable that we diversify into another asset class, such as real estate or selling of commodities, so that we can reduce volatility in our investments, and at some point we can depend on the money we will generate from real estate or selling of commodities to solve our expenses, and it will allow us to hold our bitcoin investment for a very long time because we will not be in a hurry to sell our bitcoin investments since we have multiple streams of income.
My friend investing in crypto and investing in bitcoin isn’t diversification. The fact that you think they’re different is wrong, bitcoin is a type of crypto and when you say crypto I guess you’re saying altcoins and shitcoins. They’re all in the same class just that bitcoin is more stable and is a store of value, it’s the first, and biggest of all cryptos.
So investing in bitcoin and investing in Ethereum or Solana is seen as one kind of investment which is crypto.
Diversification comes in when you invest in a different asset class or industries. A totally different kind of investment from the previous one is what is considered a diversification cause the major aim is to reduce risk and increase your potential returns.
Alot of people fail to realize that bitcoin is also a cryptocurrency, they seem to think it's different from cryptocurrency, bitcoin is basically the first cryptocurrency and every other altcoin that csme after were attempts to make a different version of it, some were even made to surpass bitcoin but they obviously failed in that endeavour as bitcon is still the biggest cryptocurrency out there, what has really set bitcoin aside from other cryptocurrency is it decentralised nature with no bank or government having any influence over it making it also the most secure cryptocurrency so anyone investing in bitcoin is also investing in cryptocurrency, to diversify would be to invest in other altcoins as well while already investing in bitcoin

Frequently, it is better to say what you are talking about rather than using a vague, misleading and even deceptive term such as crypotcurrency if you are talking about bitcoin.

Many times shitcoiners and even people who are engaging in vague, misleading and deceptive discussions are referring to cryptocurrencies and not specifying the extent to which they are talking about bitcoin, some shitcoins and/or both.

You are correct that shitcoins are quite correlated to bitcoin, so it would be erroneous to consider that buying shitcoins provides any kind of meaningful diversification from bitcoin, since an overwhelming majority of shitcoins could not survive without bitcoin.   Usually the idea of diversification means to attempt to protect from volatility, so there are attempts to diversify into uncorrelated assets or even assets that are within differing fields, which is not the case between bitcoin and various shitcoins.

Personally, I would suggest to completely stay away from shitcoins, yet surely some people are curious and they cannot help themselves, and they may even be inclined to trade and/or gamble with shitcoins, and even if they consider shitcoins as an investment (which is likely another BIG mistake) then they should limit their exposure to shitcoins to be no more than 10% the size of their exposure to bitcoin. 

If you are not trying to mislead or deceive people then it is better to either use the word bitcoin when you are refering to bitcoin or to specify what you mean.  Sure there are government agencies and even legislative uses of the term crypto and/or digital assets and or other generic ways that might be referring to bitcoin, yet to me it seems very vague, misleading and/or deceptive for folks to not be using the term bitcoin if they are refering to bitcoin, and to throw out terms like cryptocurrency is a very sloppy way of talking that might even establish a certain level of disingenuineness, that might even amount to acting to try to deceive and mislead others. 

In other time, people use the term cryptocurrency because they don't know what the fuck bitcoin is or they are trying to appear smart, which I doubt those to be sufficient reasons to be using such vague, ambiguous, misleading and/or deceptive term like cryptocurrency when they are intending to be talking about bitcoin or at least to point out the extent to which they are or are not including bitcoin in such term use.
Not making different between bitcoin and cryptocurrency has put fear in mind of some persons and has also mislead many to invest in the wrong coin shitcoins has cause pains to many so when people now hear term cryptocurrency maybe you plan to tell them about bitcoin and use the term cryptocurrency they will think is a scam investment because properly they might have had such terrible experience when they invested into cryptocurrency that's why been specific matters alot when given such reference so people should should mind how they use the term cryptocurrency so they won't get others who hasn't gotten such experience mislead so it's important we call bitcoin bitcoin and shitcoins shitcoins instead of cryptocurrency
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Board Speculation
Merits 4 from 2 users
Re: Buy Buy Buy or Sell Sell Sell?
by
Umulala-alala
on 28/07/2025, 11:53:30 UTC
⭐ Merited by ZeroVinsonN (3) ,JayJuanGee (1)
Bitcoin market is not stable, today it raises, tomorrow it falls. The most important thing is someone investing in Bitcoin to monitor the market, some people have the patient of waiting while some others due to fear when they see that the price is fluctuating might rush and sell, I will suggest we buy the idea of buying and waiting while we monitor the market. If possible monitor it when the price is low then you buy and hold.
From your forum registration date it shows you are a newbie who has less knowledge about bitcoin investment and if you start bitcoin investment with this your mind set of buying bitcoin only when there is drop in price you won't be able to buy enough bitcoin because it's every time that it will drop to your expected price sometimes it may not even dip and it keep increasing so if you have such mind set refrace from it and focus on regularly buying bitcoin using the dca method this method will help you buy bitcoin at any price you don't need to wait again for bitcoin to dip before buying, you can be buying every weeks or months and HODL for 4-10.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Umulala-alala
on 28/07/2025, 11:24:00 UTC
Taking profit from your bitcoin stash is not wise enough when you are supposed to be investing more  instead of selling. Bitcoin still has a higher potential of which selling off now to take profit is very risky. You may not be able to reinvest at any lower price immediately except you've decided to quit bitcoin investment. The longer you hold, the better chances you have. Bitcoin's volatility is not only downward and it's becoming more positive than negative.
A new investor or newly investor should concentrate on how to can buying more bitcoin from his discretionary income by regularly using the dca method, but there is nothing wrong if an investor who has gotten to his over accumulation stage can choose to take some profit from his bitcoin hodling so been unwise when it comes to taking some profit from your investment depends on how much bitcoin they have stash.
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Board Speculation
Re: 100 Push-Ups Per Day Until Bitcoin Is £100K Challenge
by
Umulala-alala
on 28/07/2025, 11:05:41 UTC
I have been inactive for a long time since I did push-ups for a few days in the push-up challenge. Due to some family issues, I refrained from participating in this challenge. Although I wanted to do it again and again, I could not get back into it. Since when did I promise myself that I will do push-ups every day because now the work pressure is much less.

Even though I was trying after a long time, today I completed 50 push-ups in 5 sets with enough effort.

My Report: 100k,Powerjumboo, 20, 820, 2025-07-28
It's good you are back hitting 50 push up after a long time is good number to gradually regain back some lost energy.
Am gradually getting back to fitness too after been absent in past months.
I recorded 70 push up on saturday
Did 100 push up yesterday morning and evening in 3 set respectively
Then recorded another 30 this morning in the 2 set 15 reps each.
Total push up record,
100k, Umulala-alala, 45, 5820, 2025-07-28.
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Topic
Board Nigeria (Naija)
Re: [Request] Report Unmerited Good Posts Here. OPEN
by
Umulala-alala
on 26/07/2025, 05:26:57 UTC
Res
Post
Topic
Board Nigeria (Naija)
Re: Procrastination of your Bitcoin investment
by
Umulala-alala
on 25/07/2025, 17:41:33 UTC
Procastination na dream killer some people failed to buy bitcoin because say them think say bitcoin too dey expensive to buy and then keep waiting and keeping procastinating that when they have much money them fit start meanwhile them fit buy bitcoin with small amount using the dca method every weeks or months without going to break the bank.
Some persons too go wan learn everything about bitcoin before then fit start and this go make them to dey procastinate fixing date to start and keep postponing it, procastination na sign of laziness and e dey very bad.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Umulala-alala
on 25/07/2025, 16:59:19 UTC

for those that are waiting for the price to decrease before they can buy, I think this is the right time for such people to buy bitcoin and hold
What is the need of waiting for the price of bitcoin to decrease before buying when you can buy with the dca strategy if you have your discretionary income? Waiting may delay your bitcoin investment what if the price did not decrease soon and even keep increasing that means such person will give up on bitcoin investment because his expected dip never occur or may occur when he has no discretionary income to buy bitcoin, with the dca one can buy in any market condition irrespective or regardless of bitcoin price gradually and hodl.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Umulala-alala
on 25/07/2025, 16:35:10 UTC

The way price is gradually going towards 130k is not enough to say altcoins might follow, because at this point, things are going extreme, and we cannot really predict for altcoins, but for Bitcoin, most times you see the Bitcoin price going up, and altcoins might not follow. So these are all the reasons why they are always advising people to invest in Bitcoin directly. because it will favor you when you invest, because there is more potential in Bitcoin than in any other coin.

So it is usually Bitcoin that is leading, and when you follow what is trending, it is even better, and that is why they are encouraging people to buy Bitcoin, especially when you are buying the dip, because buying the dip is like the biggest opportunity because there is no way that you will invest in Bitcoin and then regret it.


Trading Bitcoin with 1000-2000 dollars does not yield much results. Because small day traders do not make much profit in Bitcoin with a small amount of dollars. Those who have millions of dollars can buy one or two BTC and trade. If the price increases, they will sell or hold, and they will not lose. You will not find people who have lost by buying Bitcoin, but those who sell out of fear are excluded. Bitcoin will always arrive it's new ATH , it is normal, sooner or later. You just have to be patient and wait for the profit. However, I am not in favor of trading. I always hold Bitcoin myself and advise others to hold it.
You sound as a trader and this is not the right thread to be advertising about your trading stuff.
Bitcoin investment is a long time investment is not an investment you will buy bitcoin today and sell soon because the price has increased, those who traded bitcoin never have a better testimony buying and selling also will make you not have bitcoin in your portfolio, you can start buying bitcoin with your discretionary income by using the dca method and gradually buying bitcoin regularly, persistently and consistently every weeks or months and hodl for longer time
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Topic
Board Speculation
Re: 100 Push-Ups Per Day Until Bitcoin Is £100K Challenge
by
Umulala-alala
on 25/07/2025, 12:23:18 UTC
It has been a rainy day, however I didn't allow the rain to stop me, I woke up very early did my routine workout and returned for my push ups. Today was my best day as the weather was so calm and good, no more muscle cramps and I feel good this morning. Consistency is the key to achieve anything you wish to achieve, I was able to do 60 pushups in 2 sets

Editk,Lolipo,4,230,2025-07-25
Push up exercise is not like other exercise that can be done in an open place or outside, you can easily do your push up inside without been distracted by rain that's one advantage of push up and it doesn't also required any equipment before you can start doing push up.

My push up report.
100k, Umulala-alala, 42, 5620, 2025-07-25.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Umulala-alala
on 25/07/2025, 05:32:58 UTC
the market sometimes goes down and at that time, those who do not invest have the opportunity to invest.
The dca method allows us to invest with out firstly waiting for the price of bitcoin to go down before buying bitcoin. Those who actually waits for the market to go down before buying are mostly traders, investors invest in any market conditions they don't wait for the price to drop before buying for example you might be targeting the price to drop below $90 before buying and your expected dip do not occur which means you won't buy meanwhile the purpose of the dca method is to buy bitcoin at any market condition be it low price or high price, this will also make you stack enough bitcoin because you are consistently in the market buying without waiting for any dip when ever there is dip you can decide to buy aggressively without overly doing it and stack more bitcoin and hodl for period of 4-10.