Ninjastic
Search content
Sort by
Showing 20 of 386 results by asarfiar
Post
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.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
asarfiar
on 06/07/2025, 12:31:19 UTC
Quote from: ejikeme24 on July 05, 2025, 10:37:28 PM
Quote from: Jewan420 on July 04, 2025, 06:49:39 PM
Quote from: Ruttoshi on July 04, 2025, 06:26:28 PM
Quote from: Mehmet69 on July 04, 2025, 05:57:36 PM
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.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 04/07/2025, 14:52:23 UTC
Quote from: Taskford on Today at 12:34:54 PM
Quote from: POPOLUV on Today at 09:39:43 AM
Quote from: Tonimez on July 03, 2025, 03:44:01 PM
Quote from: ejikeme24 on July 03, 2025, 03:20:08 PM
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.
Post
Topic
Board Economics
Re: The Basics of Investments
by
asarfiar
on 03/07/2025, 10:38:09 UTC
Quote from: gunhell16 on Today at 06:57:03 AM
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.
Post
Topic
Board Beginners & Help
Re: You can lose your Bitcoin
by
asarfiar
on 02/07/2025, 14:07:26 UTC
Quote from: Ever-young on July 01, 2025, 11:41:05 AM
Quote from: Franctoshi on June 23, 2025, 10:51:31 PM
Quote from: Hatchy on June 23, 2025, 12:50:52 PM
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.
Post
Topic
Board Gambling discussion
Re: How AI has ruined poker
by
asarfiar
on 01/07/2025, 15:58:13 UTC
Quote from: viljy on Today at 06:08:21 AM
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.
Post
Topic
Board Nigeria (Naija)
Re: Not taking any risk is a bigger risk
by
asarfiar
on 30/06/2025, 14:09:51 UTC
Quote from: Dr.Bitcoin_Strange on Today at 08:52:17 AM
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.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
asarfiar
on 29/06/2025, 15:27:07 UTC
Quote from: Tonimez on Today at 11:15:32 AM
Quote from: JayJuanGee on Today at 12:24:29 AM

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.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 28/06/2025, 08:05:24 UTC
Quote from: POPOLUV on June 27, 2025, 05:30:00 PM
Quote from: Cpt_reader on June 27, 2025, 04:02:43 PM
Quote from: BTC_pokaop on June 26, 2025, 03:08:29 PM
Quote from: Zackz5000 on June 26, 2025, 02:13:22 PM
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.
Post
Topic
Board Nigeria (Naija)
Re: Do not completely trust your mentors.
by
asarfiar
on 25/06/2025, 14:25:56 UTC
Quote from: Coin_info on June 24, 2025, 03:50:34 PM
Quote from: Mia Chloe on June 24, 2025, 03:20:56 PM
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%.
Post
Topic
Board Politics & Society
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.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 21/06/2025, 10:43:59 UTC
Quote from: sotelorene on June 20, 2025, 09:54:19 PM
Quote from: Muba20 on June 20, 2025, 06:32:44 PM
Quote from: philipma1957 on June 20, 2025, 05:54:44 PM
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.
Post
Topic
Board Gambling discussion
Re: man up and stop blaming casinos
by
asarfiar
on 20/06/2025, 15:47:55 UTC
Quote from: Dunamisx on Today at 02:58:38 PM
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.
Post
Topic
Board Nigeria (Naija)
Re: Crypto No be Quick Money
by
asarfiar
on 19/06/2025, 14:05:06 UTC
Quote from: Perfectbaby on June 18, 2025, 07:47:10 PM
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.
Post
Topic
Board Beginners & Help
Re: How to keep crypto safe?
by
asarfiar
on 17/06/2025, 16:53:22 UTC
Quote from: Yoona_As on Today at 09:31:44 AM
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.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 15/06/2025, 09:35:54 UTC
Quote from: Bd officer on Today at 06:40:09 AM
Quote from: Gost ms on Today at 04:06:56 AM
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.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
asarfiar
on 14/06/2025, 11:03:26 UTC
Quote from: Gost ms on June 13, 2025, 05:53:00 PM
Quote from: Bluedrem on June 13, 2025, 05:43:39 AM


We often do a lot of work without preplanning, we do it without thinking about what will happen 2/3/4 weeks, months, years after doing the work? We work without thinking about what can happen which later makes us face difficult problems.
Most of the time we invest our emergency fund in the wrong place due to which we have to pay later.

We do not understand which type of collection should be invested in which sector.

I think everyone should do a lot of study on this before investing.

It is never a good idea to invest anywhere with your emergency fund. I think keeping your emergency fund in cash is the best way. Because if you are in the midst of some kind of financial disaster, then if you cannot get the money immediately, then what is the use of your emergency fund? If you invest your emergency fund somewhere else and if you are in the midst of a financial disaster at that time and if your investment goes down at that time, then you will have to sell it with your loss, so it is never a good idea to invest with your emergency fund.
An emergency fund is an important fund. If you do not keep your emergency fund or invest your emergency fund in some other place, it will not be logical. Emergencies do not come with any advance notice. Emergency funds come suddenly, so you need to be alert so that you can deal with the emergency situation with your emergency fund. I have seen many people invest their emergency fund money in other places. So, since they do not have an emergency fund, they spend the money they have invested in that emergency situation.

Of course, your emergency fund is an integral part of your life path. It protects your discretionary fund as well as your emergency situation.
Post
Topic
Board Nigeria (Naija)
Re: Di ability of memorizing seed phrase
by
asarfiar
on 13/06/2025, 10:07:52 UTC
The key phrase is applicable to every investor. You have shown a lot of excellent reasoning. You memorized your new wallet by memorizing the phrase in the form of a phrase. But at some point you lost your mental balance. Then no one else knows the phrase you memorized, so you will lose your hard-earned money for a long time. So everyone should not memorize the phrase but save it in a covered pad or engrave it in a paper wallet. This will protect your wealth even if you lose your mental balance or die. Everyone needs wealth, so you should replace your wealth in such a way that in your absence your family can use the collected phrase to restore the wealth.
Post
Topic
Board Economics
Re: Wealth creation
by
asarfiar
on 12/06/2025, 14:51:55 UTC
Quote from: G_Besar on Today at 10:42:44 AM
Quote from: MarjorieZimmermanGinger on Today at 07:20:19 AM
Quote from: Berryfolia on April 19, 2025, 10:18:46 PM
For instance,if someone is able to create wealth without creating more value, and it must be at the expense of another source.
It’s been assum as a zero-sum game and has negative effects to economy,that’s absolutely a bad ideology.
When it comes to a discussion about wealth, I usually tend to compare because wealth has no fixed value from one person to another. For example, if I have $ 1,000,000 and you have more than that, then my wealth is much smaller than what you have and always has no fixed value when compared from one person to another. Rich people do not put money in an account because they are looking for productive sources to produce more and a number of bills are already prepared by accumulating the total amount of money that has been prepared.

Everyone has their own assessment of wealth from their own perspective, but sometimes wealth can actually make someone lose control and forget the time that should be prioritized. It doesn't mean you can't be rich, but talking about life is not always about wealth because there are still many people who can live with simplicity.
Everyone has a different view on this and even everyone is different in terms of judging who is rich or not and I think that's okay.

For me, real wealth is how someone can control their money to be able to increase regardless of whatever they do but it is productive enough for them to increase the value of their assets, not just collecting as much money as possible because for me no matter how much we save money, it will still run out if we are not good at being able to turn the money into other things that can provide multiple benefits.
You should change your perspective. There are many people around us who have lost their valuable money because they could not convert their wealth properly. I have seen many people who were rich and became poor because they could not review their money ownership properly. Again, many people who were very poor but converted their money properly have become the owners of sufficient wealth today. Review the money you have to invest it properly and use it in such a way that it can double or even more in the future.

There are some people who always want to invest in a cheap place. They do not want to take risks in any way. And because of this, their invested money goes into losses or they lose money completely. On the other hand, there are many who have the right to earn a lot of money by investing their little money or a big amount of money in the right place.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
asarfiar
on 11/06/2025, 11:25:42 UTC
Quote from: GIF-JOBS on Today at 09:10:29 AM
Quote from: Kelward on Today at 08:22:07 AM
Quote from: Tamaperdana on Today at 05:48:13 AM
Quote from: maydna on June 10, 2025, 01:53:07 PM
It is why learning before deciding will be necessary for those who want to invest in Bitcoin. With so many resources they can get, they will learn step by step and have the right information that they need. Bitcoin have its risk so from their learning, they can be able to prevent the hacking or scamming and will not let them getting to that thing. And yes, Bitcoin have fluctuation but that will not be a problem for those who can manage themselves and not panic. If the price is down, they can still hodl and wait while they can still buy more at a low price and keep hodl. The fluctuation will always be in Bitcoin so we don't have to panic but use that moment for our benefit.
In my opinion, to invest in bitcoin at first, you don't need to learn too deeply, because basically bitcoin investment is not complicated at all. Because we only need to prepare discretionary income and start buying bitcoin from the exchange, then after that save it in a non-custodial wallet that we have and don't forget to write down the code so it doesn't get lost. Then after that we can continue to accumulate bitcoin using the DCA technique. Then if you want to learn more about bitcoin, I think it can be done while we are running our bitcoin investment. So that way we won't waste too much momentum. Because if you learn very deeply about bitcoin at the beginning before we start investing, I think it will waste the existing momentum. That's why I personally think learning more about bitcoin when you've started is the right solution. And about risk, I don't think bitcoin will be too risky if we become long-term investors. Because even though bitcoin has quite sharp price fluctuations, if we hold it in the long term and continue to accumulate, I think we will still be superior. So the point is, don't just be a trader in bitcoin, because being a trader will of course be very risky.
Bitcoin long term investment is not complicated, you don't need technical knowledge of how it works before you can start. You don't need to worry about the current price if you're on DCA method because you know that you will always be profitable in bull circles. You won't panic like weak hands and short term traders when there is dip or worrying when it will rally, your focus will be to continue accumulating. Where it is necessary to gain knowledge is on the part of securing your none custodial wallet from hacks and misplacing your seed phrase. I believe that the reason why Bitcoin investment is increasing rapidly is because it doesn't require any special skills to become an investor. Anybody with average understanding can hodl Bitcoin.
Bitcoin investment never requires deep knowledge about Bitcoin, but it is definitely necessary to acquire general knowledge about Bitcoin, if you want to hold Bitcoin for the long term, then you definitely need to acquire that amount of knowledge, so that you never panic during times of volatility. Knowledge is definitely necessary about Bitcoin, it is never possible to achieve anything good with zero knowledge, in the same way, Bitcoin investment does not require deep knowledge, but general knowledge is definitely required, so that you do not panic during times of volatility and make wrong decisions, and your holding is saved from loss.
You said it very well. Usually we do not need deep knowledge to invest in Bitcoin. If you can gain some basic knowledge, you can invest in Bitcoin for the long term. But to keep yourself free from market volatility, you may definitely need deep knowledge about Bitcoin. Little knowledge can create many obstacles for you to hold Bitcoin for a long time. So I think the more deep knowledge you gain, the easier it will be for you to hold Bitcoin for a long time.

I have been gaining knowledge about Bitcoin for the past one year. When my knowledge was narrow, the fluctuations in the Bitcoin market price made me unstable. Now I am constantly gaining knowledge about Bitcoin which is making me confident about Bitcoin long-term investment. So you should gain deep knowledge about Bitcoin which will help you hold your Bitcoin for 10 to 12 years.