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Showing 20 of 390 results by asarfiar
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
asarfiar
on 30/07/2025, 10:43:54 UTC
I don't think investing in bitcoin needs to be that complicated. Because in essence we only need to have discretionary funds and we can immediately invest in bitcoin. So in my opinion a bitcoin investor does not need to monitor the market all the time, because for an investor of course it is a waste of time. Because you need to know, an investor in bitcoin, will not care too much about the price fluctuations that occur in bitcoin. Because basically price fluctuations will only be a threat to a trader. Because they struggle with price fluctuations, so traders will definitely continue to monitor the market, because they are afraid of being exposed to liquditas. So the point is if you assume that a bitcoin investor must always look at the market, I think that's an incorrect assumption. And you also need to understand, long-term investors in bitcoin do not care about the current bitcoin price, because their goal is in the future.
As difficult as people see Bitcoin, it is actually not that difficult, if you can fully prepare your mindset to hold Bitcoin for the long term, then it will definitely bring you great success in the long term. You never need a large amount of money to start investing in Bitcoin, your income is not an issue, and if you have decided to hold it for the long term, then you do not need to worry about the market, if you are completely confident about the market price and continue to buy consistently, then it will definitely bring success in the future. In the case of Bitcoin investment, you need to have patience and long-term faith in Bitcoin, when you can have strong faith in the future of Bitcoin and hold it for the long term, then your chances of success are much higher.
Having faith in Bitcoin is important for you to get started but you must back your faith with action because "faith without work is dead". The type of action you need to implement starts from planning your finances so that you will be able to separate your discretionary income from your basic needs and ensure you invest the right way. In life nothing beats planning and the moment I started planning my finances very well to make room for investing in Bitcoin, I have become more conservative in spending and that has translated to me holding a decent of my fund in Bitcoin. So, faith in Bitcoin is important but nothing beats planning because it is through planning you will be able to hold your purchased Bitcoin.
Yes, you are right that investing in bitcoin does require a little planning and also readiness. Because these two factors do play an important role in our bitcoin investment. But besides this, I think we also have to be brave to start, because even though we have planning and readiness, but do not dare to start, of course it is also not good. Because basically starting to dare to buy bitcoin is the most important thing. Because there are so many people who make too complicated plans, but in the end they are stuck in the thought that they have to buy bitcoin when the price drops. So that's why I personally emphasize that investing in bitcoin is not complicated, because the point is you only need to have discretionary income regardless of the nominal amount, the most important thing is that it can be deposited on the exchange, I think that's good enough. And only then can you learn bitcoin little by little while running periodic accumulation or DCA.

This explanation is very contradictory and complicated to me, you are kind of saying one thing and at the same time saying the opposite, if there is planning and readiness what stops you from starting? After saying we also have to be brave to start, we have already concluded that we must not have everything perfectly planned and ready before starting or in order to get started, the most important first is to find out whether or not we have discretionary income just as you stated and if there is we are good to go and of course that will increases the chances of leaning Bitcoin more and improve in various kind of way that they are not doing well.
I agree with you. We make many decisions in our imagination. In reality, we are unconscious in many ways. I think it is very important to have a discretionary fund as well as an emergency fund. You can give the right shape to your plan only when you adopt various methods to deal with your difficult times and continue to do so regularly. Suppose you are buying Bitcoin regularly and are determined to hold it for a long time. And in such a situation, various conflicting situations may arise to suspend Bitcoin investment which can shrink your long-term investment. At this time, you have to be a fighter and continue the investment momentum.
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Topic
Board Nigeria (Naija)
Re: Bitcoin will still make our dreams possible
by
asarfiar
on 27/07/2025, 14:18:08 UTC
All of us for this our local board wey don hear about Bitcoin come start to de buy dey keep, I tell you say we dey lucky because if we hold am and no sell, assurance cover us say wey go dey for the people wey hold owo for future. Bitcoin still dey do press up for the price wey we de see like this because y, e no go pass the total supply at all at all and as e be say we still de burn pikin, people wey go dey want am go many well well so tey the price go just dey flyi dey go up. Make small expo be say, make we no loose guard and me no allow this opportunity fly us.
You need to be more sensitive to yourself, because the Bitcoin market will continue to change and the price will have a high probability of increasing. Buy Bitcoin regularly to strengthen your portfolio and hold it for a long time. Your tendency to hold this for a long time can be a symbol of direction for your future generations. You should avoid short-termism because it will drive your money as a symbol of evil rather than good. If you can make yourself smart about investing in Bitcoin for a long time, it can be a symbol of your child's financial standard.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 23/07/2025, 14:48:59 UTC
Yes, waiting for a price drop when buying Bitcoin is not an appropriate strategy for long-term investors. Logically, we should understand that waiting for a price drop is a strategy that is prone to dilemmas. So, rather than worrying and missing out on opportunities, I don't think buying Bitcoin should be fixated on price. Regardless of the current price, it's highly likely that in 10 years, the price will be much higher, and we'll profit. So, why ignore momentum and choose the right price when buying Bitcoin?
There is nothing wrong to wait dips for purchasing bitcoin but experienced investors do it differently than newbies. Newbies wait for lower prices, try to find bottom prices to buy in, while experienced investors can do Dollar Cost Averaging regularly and don't mind about price, or they can wait for price dips of 10%, 20% or 30% and buy without concern about at what prices they make purchases.

They know that price dips are very good for accumulation and if they can hold bitcoin for a long time, profit is very good especially if they buy in dips.
The thing that is always observed in the case of newbies buying Bitcoin is that they act hesitantly. They cannot understand the right time to buy Bitcoin. Of course, I agree with you that when the Bitcoin market is falling, they buy more and hold it for a long time. Experienced people take advantage of this falling opportunity, and they invest more than their Bitcoin buying budget during the fall. On the other hand, newbies are immersed in a panic around the Bitcoin fall and as a result, their Bitcoin investment is disrupted.

To invest in Bitcoin, you have to accept that it is emerging and there will be price fluctuations. However, if you are aware of all these things and can make regular investments, then it can become a turning point in your future. And to control this, you can use the (dollar cost averaging) i.e. DCA strategy.
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Topic
Board Beginners & Help
Topic OP
Trying to replace Bitcoin in the long run in life.
by
asarfiar
on 22/07/2025, 14:58:46 UTC
Yes, it is definitely something every investor needs to think about and plan long term accordingly. Bitcoin will be fruitful only when you can control it in your life. Prepare yourself in such a way and keep an emergency fund so that you can keep your Bitcoin safe at all times. You have to restrain yourself from binance, altcoin, shitcoin and move away from various tempting offers. It seems that you are aware, your Bitcoin is aware, and your portfolio is strong.

Since Bitcoin is unstable, your long-term road journey is auspicious. On the narrow path, although you initially feel understandable, your journey will be inauspicious, such as binance, altcoin, shitcoin etc. The journey of Bitcoin is very long and difficult but in the end, the chances of you being a partner in achieving good results are 99% out of 100%.
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Topic
Board Nigeria (Naija)
Re: A Bitcoin debate and discussion
by
asarfiar
on 07/07/2025, 14:41:40 UTC
Bitcoin requires some planned rules to invest regularly. You need to divide your money in such a way that your money invested in Bitcoin is safe. Bitcoin is a long-term process and there is risk in it. So invest in Bitcoin as an additional source of money here, although there is risk, after a long time, i.e. after one to two cycles, you can enjoy the benefits of making very good profits.

You do not need to know much to invest in Bitcoin, if you can only gain some basic knowledge, you can complete the investment process regularly. And if you apply the DCA strategy to reduce volatility, you will see that the volatility of the Bitcoin market will no longer exist. And if you can manage a long-term investment system, the possibility of risk will almost disappear.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
asarfiar
on 06/07/2025, 12:31:19 UTC
Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

It's when you buy over aggressively outside your discretionary income that will make you sell your bitcoin when your needs arises if bitcoin price is below your entry point. The most important thing is that you should have good cash inflow management practice. Investing aggressively gives you the opportunity to build your bitcoin portfolio in a faster pace for the future, which is good. To front load your bitcoin investment is also good.
Yes, you are absolutely right. Aggressive investing is not harmful for everyone. Before taking an aggressive approach, you must ensure that you have your backup funds ready and sufficient cash flow in reserve. If you then have the informed capital to take an aggressive stance, why shouldn't you go for it?

I agree with you on the fact that aggressive investing is not harmful for everyone, and you also Said about making sure that we have backup funds, and reserve funds available. And yes, is very important to make this above mentioned funds available before one should be looking into aggressive buying of bitcoin, one more thing that need to be added is that we should not be over aggressive because excessive doing of everything is not good, so while investing aggressively we should do it within our boundaries and not to think of crossing boundaries.
It is true that aggressive investing cannot be fruitful in any way. Why should you invest aggressively? You have never been told that you should invest aggressively. Your well-planned advice for Bitcoin investment can be one of the ways to keep your Bitcoin in the long term. You invest Bitcoin regularly with a part of your income. One thing you need to do to keep Bitcoin in regular investment is to have an emergency fund. If you have an emergency fund, then your investment will not be interfered with in any way.

Many people think that they do not need an emergency fund because they think that their income is enough to invest in Bitcoin. In this case, it turns out that they cannot hold Bitcoin in the long term. So take aggressive decisions, but not aggressive investments.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 04/07/2025, 14:52:23 UTC
I want to agree with you on the fact that shitcoin investment should be treated as a form of entertainment/ fun because I have not been seeing guys wining from shitcoin investment lately, while the rate of shitcoin losers keep increasing just as it is in gambling. And Yes, i would rather stick to my bitcoin investment than to gamble with it, because the 1% of bitcoin we think is too small can double 3% to 4% or even more in the long run. Which is why I would rather hold the 1% of my bitcoin to double instead of gambling with it, as I don't know it's potential in the future.
I don't understand how someone would be investing shitcoins and it would be for entertainment reasons. No amount of funds should be misplaced or lost intentionally. Shitcoins investment is mostly an all loss venture as in gambling. Gambling with a percentage of bitcoin in shitcoins is yet another point I would not advise anyone to attempt. Bitcoin accumulation is a continuous act and it won't be right to loose the little you already have.
The fact still remains that some many investors doesn't know that shitcoin investment is an investment that we shouldn't go into from the first place because there is know guarantee of getting back what you have invested on, so it should be very advisable to always channels all your discretionary income to invest in Bitcoin instead of investing in shitcoin.

They choose to be in that position since they didn't manage to learn lot of things about Bitcoin and they got greedy thinking about that they can easily flip some profits by trading those shitcoins.

To bad for this people if they realize late especially when they already lose their money from bad choices they made.

If they just focus to buy Bitcoin and try to learn other useful things like doing either DCA or even lumpsum investment provably that they are in better position then could think about other good things to find good more ways to increase their Bitcoin holdings. They better erase those thoughts to invest on shitcoins since they are just wasting their time there.
There are various cryptos in the cryptocurrency world and people are involved in all these cryptos in different ways. Some are investing in binance, some in altcoins, and some in bitcoin. After all, no matter what happens, everyone is investing. Here, if you think a little deeper, you will see that although everyone's investment plan is the same, the scope of investment is not the same. You must make the right decision and invest in that light, then you will be able to stand on the right path.

I can say very strongly that Bitcoin is completely different from other coins. The reason is that I think that sheet coins are very risky in a short time and you can lose all your money. Although there is risk in investing in Bitcoin, if you notice, you will see that Bitcoin goes through a cycle every 4 years and those who have continued their investment activities till this time have become much more financially independent. So everyone should invest in Bitcoin and hold on to at least one or two cycles.
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Board Economics
Re: The Basics of Investments
by
asarfiar
on 03/07/2025, 10:38:09 UTC
Overall, what I saw from this topic that Op created is that it is important that we should be knowledgeable about Risk Management, especially if we are talking about investment
or doing it in our personal lives.

In general terms, investment is a very broad topic. And there are only two ways our capital can be directed here and that is,
it can grow and it is also possible that our capital will not grow or lose.
Preparing yourself for any investment is a very difficult thing. Not everyone can sustain themselves here. The more risk you take in life, the more profit you will have. The most important thing to pay attention to when investing is to gain more knowledge about risk management. Some investments may make you profit and some may not. Suppose you invested in a shitcoin but after a few days you saw that the investment money, i.e. your principal wealth, has also been lost. This is actually usually due to inflation in the world market.

I have generally seen that investing in Bitcoin is a major investment place for me than investing in other areas. If you invest here, you will be able to enjoy the right to earn a good profit after a long period of time. Which is much more suitable and safe than any other investment.
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Topic
Board Beginners & Help
Re: You can lose your Bitcoin
by
asarfiar
on 02/07/2025, 14:07:26 UTC
Well I can't say for all though, but someone who is elite in the crypto space and understands how important their keys are, they won't be so stupid in sharing it to an email no matter where it's coming from.. the phishing scheme is becoming something else especially with emails.. fact is a good number of people still falls victims to this and the best way to prevent this from happening is to let them know that such things actually exist. I'm happy that trezor shared this as well..it shows how reputable they are and would be in the future....
It shouldn't surprise you that not everyone old in crypto space is really aware of phishing mails aside from newbies, Though the scammers, they're not mainly targeting crypto OG's, They're most targeted is the newbies and that's why the scammers responsible for sending out this Phishing mails are not relentless in doing what they're doing, this information is very useful to newbies in the space and also existing crypto enthusiasts that doesn't know what phishing is all about.

That's right...
Even those who are considered to be OGs in the crypto space are still vulnerable and can be swindled if they're lose their guard, and that's why matters that concerns security and safety of crypto is a matter of concern to every single person in the crypto space.
One thing about scammers is that, they're constantly updating their schemes and that's why it's also crucial for crypto users to also constantly furnish and update their knowledge, I know it's not always possible to be ahead of scammers but being updated gives us a fighting chance to avoid them and protect ourselves.
There are some investors who stay on the forum hoping to make more profit right from the start. And they always wait for good offers. Scammers are opportunists and they constantly keep their scams updated and cheat people with tempting offers. Those who stay on the forum regularly and analyze more can understand these tempting opportunistic tricks of scammers.

Therefore, those who target various offers for opportunities on the forum must know how to keep themselves in check and move forward with confidence in the forum. Control yourself and you will see that you will be able to earn the right to stay in a high position at some point as you get rid of the possibility of falling into the clutches of scammers.
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Topic
Board Gambling discussion
Re: How AI has ruined poker
by
asarfiar
on 01/07/2025, 15:58:13 UTC
It was expected. The same thing happened not only with chess, but even with such a difficult game as Go. In general, all games in which skill is of great importance will be "occupied" by AI. Therefore, from online we will return to real-world games where people play with people. Of course, games based on chance are not threatened by AI. The widespread penetration of AI is likely to change a lot in the world, and these changes may not only be positive.
You said it very well. AI is creating all kinds of management fields over time. OpenAI Five Dota 2; AI for creating games, FIFA's NPCs compete with players through AI. Google's AI that can beat even the world's best players in the game of Go. Stockfish chess AI that is capable of beating world-class chess players.
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Topic
Board Nigeria (Naija)
Re: Not taking any risk is a bigger risk
by
asarfiar
on 30/06/2025, 14:09:51 UTC
Like you said, there's no investment without risk but some investment has a very high level of risk and that's why some people try to hold back their investment and do a very good research or study about the asset before investing. Currently, there have been so many scam altcoin projects and anyone that is interested to invest in altcoins really need to do a proper research if they don't want to lose their money, it's better to even invest into Bitcoin and hold for the next bull market to come, that one is a very good risk.
You have a point. It is true that many people have been scammed by altcoin fraud, but I think altcoin investment is okay for those who are interested in investing in the short term. Some people think that Bitcoin is unstable and that it is beyond their patience to manage investments for a long time. And considering that altcoin can give a good profit in the short term, they invest in altcoin. At one point, they are seen in the circle of hackers and they lose everything. In this regard, I think Bitcoin investment is above all investments. And if you apply the DCA strategy, long-term investment can be an ideal symbol of a high economic power in your future.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
asarfiar
on 29/06/2025, 15:27:07 UTC

I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin.  My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively into bitcoin will already have back up funds in place.
It is not wrong to say that every successful bitcoin investor took his time to build his backup and emergency funds alongside his bitcoin investment. Some advice making provision for a given amount of emergency funds and back up funds before investing in bitcoin at the first instance. Which ever way, back up funds is a vital aspect of bitcoin investment and should be treated as such.
If you cannot keep your emergency fund running regularly, you will have financial problems in investing in Bitcoin. You will not be able to make your long-term investment regular in any way. Suppose you have kept your emergency fund and are investing in Bitcoin regularly, but even then your Bitcoin investment will not feel safe to you. To get rid of this situation, you can use the DCA strategy and you will see that as your portfolio grows, you will not feel any instability in your long-term Bitcoin investment. By investing in Bitcoin using the DCA method, you will be completely safe from market instability.
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Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
asarfiar
on 28/06/2025, 08:05:24 UTC
⭐ Merited by ChocolateBitcoinK (2)
I will advise you accumulate bitcoin at anytime if you have your discretionary to do so using the DCA strategy.
Here I want to say that it is not enough to have the desire, you have to be able to hold the investment for a long time. If not, then you will not be able to succeed if you invest at any time. Bitcoin is an asset whose price will continue to increase in the future. We should know that in the future the price of Bitcoin will only increase, but the supply of Bitcoin will never increase, if the supply of Bitcoin does not increase, then the price of Bitcoin will definitely continue to increase. Now DCA is the best strategy to invest in Bitcoin, if someone continues to invest in the DCA method, then he will not have to worry about the price, because he will automatically be able to buy Bitcoin at the average price.

I think Bitcoin has a bright future. That's why I decided to buy Bitcoins worth $40-50 per month from my monthly income. I hope I can buy them for 10 or 15 years, And hold it for 20 years and hopefully make a good profit. If we look back, we can see how valuable Bitcoin is. Did any of us think Bitcoin would be worth this much? If we had known, maybe we would have bought it. If we had bought Bitcoin 10 years ago, we would have made so much profit. Even 10 years from now, some of us might regret it. So now is the right time to buy Bitcoin, every dip and hold for long.

You should not be thinking that Bitcoin has bright future, i want you to understand and believe that with Bitcoin investments your future is ever brighter and should know that buying Bitcoin aggressively depends on your discretionary income because Bitcoin goes along with the future from 4-10years, then from the discretionary income you can decide to increase or buy Bitcoin weekly or monthly.
Bitcoin is a risky investment method, so it is very important to think about its future before being optimistic about Bitcoin investment. However, if you can consciously use the DCA method to invest small amounts daily, weekly or monthly, you can get very good results. You can always decide to buy Bitcoin from additional income by ensuring your financial security. If you can increase your discretionary income, it will be much easier to invest in Bitcoin. Of course, discretionary income is the money that is left after meeting your necessary expenses. You have to think that Bitcoin is volatile, so it is natural for you to invest in it.

If you can consciously hold Bitcoin for the long term, then there is a possibility of getting a good return. There are precedents that those who have held Bitcoin for 4-10 years have benefited. Therefore, Bitcoin investment needs to be for 4-10 years, this is a realistic and reasonable idea based on the long-term history of Bitcoin.
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Board Nigeria (Naija)
Re: Do not completely trust your mentors.
by
asarfiar
on 25/06/2025, 14:25:56 UTC
That aside, OP there is something you need to understand literally almost no trader will teach you his strategy full time. Yes it's factual no one wants to share what they studied and understood over a prolonged space of a couple year for just a token of cash.
On the contrary, a mentor who has a personal relationship with you and is genuinely concerned for your progress will try as much as they can to make trading profitable for you in the shortest time possible. They may not mind breaking down their trading strategy to you. For example, if the mentor is an immediate family member or a very close friend who could qualify as family. They may not even charge you any money for it if they know you are really serious. Am I wrong?

Usually, a mentor advises others to reveal his own personality. You seek help from a mentor because he knows you well. However, you can choose a mentor individually. If someone close to you, i.e. someone close to you, is a good mentor, then you can benefit a lot. A close mentor knows you well and knows that you can accomplish important tasks, so he helps you to rise with his best efforts. And if you approach another mentor, he will not support you in all aspects. Because he may realize that if I reveal my inner talent to him, you may claim more importance than him. Considering this aspect, he can teach you 60-70% out of 100%.
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Board Politics & Society
Topic OP
The impact of the Iran-Israel war on the Bitcoin market too!
by
asarfiar
on 22/06/2025, 07:23:45 UTC
The violence of the Iran-Israel war has become so terrible that it has become a threat to the whole world. The image of the world's economic infrastructure is being destroyed due to the Iran-Israel violence. Due to this war violence, the value of the digital currency Bitcoin has decreased a lot in the economic arena. The price of Bitcoin also rose to $ 111,000 last May. Bitcoin investors were very optimistic that Bitcoin would reach its highest ATH by the end of 2025 or early 2026. Analysts and long-term investors expected Bitcoin to exceed $250k by the end of 2025 or early 2026.

We want world peace, but the violence of political and religious leaders is the main reason for the war. Israel is destroying Palestine by showing its power, as a result of which Iran is continuing this war violence on behalf of Palestine to destroy Israel. If this continues, I think it will not be long before the third world war begins. We all need to unite to correct our mistakes and establish a world peace.
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Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 21/06/2025, 10:43:59 UTC
some dip today

102.7k

102k - 104k, by this dip investors get new opportunity. The time is much worthy for those who can use the opportunity. There are many investors who are waiting to invest, they can consider this time as the best time for their investment. Bitcoin can change its course at any time, so if one can use the opportunity to buy from the dip and not miss it, the investor can definitely grow their portfolio. The market is now quite positive for those who have been waiting for a long time. Those who are doing DCA will benefit even more during this time.

Did you know that it is still possible that this dip has not gotten to the point or level some people are waiting for?and what that means is that they are absolutely wasting there time because Bitcoin can not be controlled so that is why it is good to use the DCA method which will help one invest at any given price or point of the market. Bitcoin doesn't have  a fixed time to be called best time because Bitcoin is a volatile asset and there is every tendency that it may still go below what it is now and if it go below what it is now, it can also be consider as best time which means that every time Bitcoin is best to invest regardless.
Those who still think that Bitcoin investment will not be fruitful, I think, are in a position of being in an institution like a neglected state. Bitcoin investment is not something that you need to worry about too much. You have to believe that no matter what situation Bitcoin faces, it has no chance of disappearing. So change yourself so that the curse cannot take you away from Bitcoin investment. Today's current Bitcoin market is the changing future. Today's Bitcoin journey will become the best investment for long-term investors.
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Board Gambling discussion
Re: man up and stop blaming casinos
by
asarfiar
on 20/06/2025, 15:47:55 UTC
To clarify the air the more, most of the losses we had in gambling were often shifted blame ion the gambling platforms, while wee failed to result our winning as well to them being the main reason behind how we won, it is better that we learn to know how to gamble in a more responsible manner and stop shifting blame on anyone, because I've also seen some gamblers trying to blame their friends for influence on how they missed the winning opportunity, when the decision to conclude on how to play lies on their own hands, yet they find someone to blame for their loss.
I agree with you. Nowadays, there are many people who participate in gambling games without gaining much experience in gambling. Gambling is not just a matter of pleasure, it is a game where your financial condition is completely dependent. Many people participate in gambling games with friends for pleasure. At one stage, it is seen that they lose. One thing to note here is that in addition to gaining experience in gambling, you should also participate in gambling games regularly. If you participate in gambling games regularly, your chances of winning will be very high and you will not have the opportunity to depend on anyone.
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Board Nigeria (Naija)
Re: Crypto No be Quick Money
by
asarfiar
on 19/06/2025, 14:05:06 UTC
There are things people really need to understand about cryptocurrency or digital currency because it's not what we think it should it's now, cryptocurrency or digital currency created as an alternative means of payment and to scale through above where Naira is limited, for instance you can perform transactions without the third party knowing whom is to receive or who is sending except you already knows the person who owns the address or except it's from exchange. Since most of the address from exchange are verified so if there are compromise it could be easily being tracked from exchange.
You said it very well. We have seen the spread of cryptocurrency spreading all over the world. Naira is accepting it very easily and it has made everything much easier for us Nigerians. Cryptocurrencies have increased in various cryptos such as Binance, Sheetcoin, altcoin and most of all Bitcoin has increased in popularity. Of course, there is no need to know the identity of the third party, as long as the transaction is done through an exchange.

The main reason why Bitcoin investment has spread widely in Nigeria as well as the whole world is that Naira has accepted it with a lot of conscience. This Bitcoin investment has made your transactions much easier because there is no need for any bank or insurance papers. You can complete the transaction process through your specific wallet.
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Board Beginners & Help
Re: How to keep crypto safe?
by
asarfiar
on 17/06/2025, 16:53:22 UTC
If you are using a mobile phone to provide crypto security, you can use a secure software wallet such as Trust wallet. Fraudsters will try to trap you in various ways and they may lure you financially and do not click on the link they provide if you find it suspicious. If you understand how crypto works well, it will be very easy for you to identify the fraudsters. Otherwise, you should never install any unknown app because research well about what you are doing and be aware of it yourself.
By crypto do you mean Bitcoin? We cannot call Bitcoin crypto. If you want to control your Bitcoin wallet through mobile, then you should definitely do it with caution. And it is actually very risky to control your crypto by relying only on mobile. Hackers are very opportunistic and they can hack you through various temptations. I think you need to take some precautionary measures to control your crypto wallet. Another thing is that it is not right to completely rely on your mobile. You should definitely adopt alternative methods.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 15/06/2025, 09:35:54 UTC
DCA method is an investment method through which you can buy Bitcoin at any time at any price. DCA method never helps you to hold your holdings long-term. Holding it long-term depends entirely on you.
Yes long term holding requires long term planning. There are many people who bought bitcoins using DCA method but could not hold them for a long time, it is seen that many panic and sell them. DCA strategy is the way to slowly accumulate bitcoins and DCA strategy is the way to buy bitcoins at an average price. So long term planning is required to hold long term investment, no one can succeed without planning. Before doing any work we need to plan, if you can't hold long term then investing in Bitcoin is not for you, because short term investment can lead to loss instead of profit.
DCA strategy is a popular strategy. This strategy is for those who are new or who want to invest for the long term. Investing in this method keeps you safe from the volatility of the Bitcoin market. By adopting this method, you can invest a certain amount in Bitcoin regularly. This method helps you invest safely regardless of the market price.

Of course, it is advisable to have a plan before making a long-term investment. If you do not plan properly, your long-term investment will not be able to perform. And short-term investment will not give you good returns, because Bitcoin is a long-term investment method. So I agree with you that long-term investment requires proper planning.