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Re: Chips.gg | BTC Price Prediction | Prize- $100 | No deposit, No wagering| 06/09
Chips.gg Username: blackberrman
Your ETH (ERC 20) address at Chips.gg: 0x02E6867B9FAC8543ec1cB3B13f5F82315BAc4359
Your Prediction 1: $109,772
Your Prediction 2: $109,169
Your ETH (ERC 20) address at Chips.gg: 0x02E6867B9FAC8543ec1cB3B13f5F82315BAc4359
Your Prediction 1: $109,772
Your Prediction 2: $109,169
Re: 🍉🍍🍓 Naija Board । Bitcoin Fruit Carving & Decoration Contest - 2025 🍉🍍🍓
I am really happy to be able to participate in this contest.
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There is a saying in our native language, from whatever you earn, keep some part for basic needs and save the rest for the future. Maybe one day you will fall ill and you will be able to remove your illness and lack and basic needs through savings. Exactly, I want to add something more to your words, because a daily wage earner earns some income. And he must keep some part of the income aside for the future, exactly what I want to say is that it is most important to connect those saved money with Bitcoin. Because the more you deposit in Bitcoin, the better you will be able to move forward economically, it is possible to achieve multiple benefits.
If you are a low-income person, you should not invest all your savings. Because as you mentioned, you need to save for the future, but if you invest all your savings, we know that if you invest in Bitcoin, you should hold it for a long time. Now if you invest all your savings, how will you get treatment if you get sick? So after meeting your needs with your income, you should not invest the entire amount, you should keep a fund for emergencies.You don't have to invest all your earned money to invest. You can invest slowly using the DCA strategy. If you continue your investment for a long time, weekly or monthly, you will see your investment become heavy and you can also prepare for your future now. Yes, you have to do it for the long term because if you invest all your money to invest in Bitcoin, on the one hand, you can sell Bitcoin to meet your sudden danger, on the other hand, you may fail to meet the basic needs of your family. As a result, you can sell Bitcoin, because Bitcoin is cheaper now than in the future. Because when you invest now, it may be your cheap investment because determining the price of Bitcoin is a challenge, but it is possible that anything can happen, such as the price of Bitcoin may increase, but when it happens, you will be disappointed because you gave up your investment because you failed to increase your awareness, so you build an emergency fund to invest, on the other hand, you can use the DCA strategy to meet the basic needs of your family and bring forward your small investment. Do it because it is good and effective for you.
I know some people will still be doubting, if truly this is the time to buy bitcoin or sell, you don't need to get angry with such newbies that say this is the time to sell bitcoin because someone that have the knowledge of bitcoin will not say such thing when the price of bitcoin fall from $124k to $109k, if you have the funds in you, you can start buying from the market and hold either long term or short term because I know income will definitely come out from your holding before you can release them to the market, but don't forget that those that hold for long years always achieve the highest income from the bullish season.
Every investor needs to treat bitcoin as a long term investment and not to be shaken about it and having any other taught of short term investment. Those who invest for the short term are not true investors, they are traders who are only in for a short quick profit making mindset, and such mindset is a very wrong approach when investing in bitcoin. True investors only go for the long term goal of consistently and persistently accumulation of bitcoin with their discretionary income and hold for the long term goal.
If you are new to Bitcoin investing, it is best to consider every market decline as your opportunity and invest in Bitcoin. You use the DCA strategy to invest in Bitcoin because to invest in Bitcoin you have to believe in the long term and continue your investment consistently, because if you meet all the needs of the family from your source of income and create an emergency fund, on the other hand, if you stop it again, if you invest in Bitcoin with all your money thinking that Bitcoin is very profitable, in this case you can consider history because there were many in the past who, by believing in the long term, were able to increase their wealth several times in the present, but Bitcoin brings high profits in the long term, which we can never deny, because when you pour all your money into your investment, you will always be afraid and your own life may suffer a lot, in that case it is very important for you to always be aware, so if you continue your investment with the DCA strategy for weekly or monthly investments, let's say if you continue for 6-7 years, on the one hand you will see your investment transform into strength. Your small steps will eventually add up to big ones, and that's when investing will have your back. If you're new, you should start from the present.
Re: 🐳 Whale.io | Tottenham & Bournemouth - 30 August ⚽️ $50
Time: 19'
Re: Chips.gg | BTC Price Prediction | Prize- $100 | No deposit, No wagering| 29/08
Chips.gg Username: blackberrman
Your ETH (ERC 20) address at Chips.gg: 0x02E6867B9FAC8543ec1cB3B13f5F82315BAc4359
Your Prediction: $111,872
Your Prediction: $112,869
Your ETH (ERC 20) address at Chips.gg: 0x02E6867B9FAC8543ec1cB3B13f5F82315BAc4359
Your Prediction: $111,872
Your Prediction: $112,869
The best time for buying is at low price and I think if you sell your coins with profit then you should not regret after Fluctuations in coin price because you have already taken your profit so ready to make another step instead of regret about past.
If you are in doubt about other coin then just buy bitcoin now and don't sell until you achieved your target. This time is not suitable for selling but if someone is in huge profit and he cannot hold longer then selling should be preferred. Understand the market and accept your profit but I think if someone is selling their bitcoin without waiting more so he will miss the opportunity of having huge profit in Bull season.
regrets after selling Bitcoin mostly happens because no one can perfectly predict the coin market.If you are in doubt about other coin then just buy bitcoin now and don't sell until you achieved your target. This time is not suitable for selling but if someone is in huge profit and he cannot hold longer then selling should be preferred. Understand the market and accept your profit but I think if someone is selling their bitcoin without waiting more so he will miss the opportunity of having huge profit in Bull season.
Prices move up and down it's just based on supply demand and sentiment.if after buying,the price goes down immediately just wait untill it's goes up if you are not urgently in need of money at the time,you just can't predict this things.but it's always save to buy coins when the prices drop .
It is important to always be aware of your investments, as well as to invest for the long term. If you pour all your money into investing and are afraid of the ups and downs of Bitcoin, you will be in trouble. Hoping for quick profits can be a source of regret for you because Bitcoin is capable of increasing your wealth in the long term, although there is no guarantee of this, then you can consider the beautiful history of Bitcoin, the history of Bitcoin will introduce you to those people who are currently regretting their mistakes and greed and among them were long-term investors. Many people in the past knew about Bitcoin but they could not have imagined that the price of Bitcoin would be like this in the present time and that it would become such a popular currency. On the other hand, many investors invested in the past, but some investors who saw their wealth increase in the long term as Bitcoin started to grow, sold their Bitcoin greedily. There were also many investors who had full faith in Bitcoin. And by leaving greed and fear behind in the long-term journey, they have been able to achieve their long-term success goal with Bitcoin, so they have been able to multiply their wealth several times over today. However, if you think investing in Bitcoin is backward, then you are wrong because Bitcoin is cheaper now than in the future.
There is a good practice of trying to save/invest around 10% or perhaps even more for the future, yet there are so many folks who have fallen out of such a habit since for 15 years or more interest rates for savings accounts have continued to come down, and there have frequently been dynamics worse in some countries as compared with other countries in which currencies don't hold value so there are incentives to spend it - especially since there is no place to put it, especially if we are talking about only around 10% or so of the income..
Yes, when it comes to saving or investments is a good thing that we suppose practice about. Because it has helped many individuals become wealthy, and is not that they saving/investing all at once, they do so gradually with what they have in that particular time. That is why I am wondering about folks who have another source of income and are unable to use even 5% of what they make, which can multiply them to earn more than what they save/invest against future; and no conditions is permanent. No matter how much some people make per month or week, once their issues is more expanding, this money will not be enough to support them with their families. That is why it is good for us to engage in investing/saving, even a little percentage from our income is set aside for the future.But that is why if we invest in Bitcoin according to the DCA method, we will definitely be financially prosperous in old age. Because Bitcoin is invested with the future in mind, because it is possible to get several times more benefits than banks. The higher the Bitcoin investment, the greater the risk of profit, which is why most people are currently expressing interest in Bitcoin investment. Because it plays the biggest role in being financially successful in the future.
Because every person wants to save their own money, it is most suitable to invest in Bitcoin, which is why we should consider it the best to think only about buying Bitcoin.
I agree with you, the future of Bitcoin is bright, the supply of Bitcoin is limited and its demand has also increased relatively recently and will continue to increase in the future. If you use the DCA strategy for investing, you can invest consistently regardless of market fluctuations, on the other hand, if you are preparing for retirement, then your proper financial planning is very important, because Bitcoin will be able to increase in value more than we fear. New investors who are lagging behind in their investments should start from the present time, but in this case you should use the DCA strategy.
For those who are still waiting for the bearish season to arrive before they can buy bitcoin, I think they should just count themselves out of the people that will buy bitcoin this season. Because a person who really wants to invest in the Bitcoins will not still be waiting for the bearish season to arrive, and they say the earlier is better. What if the bearish season later comes at the wrong moment? How can he do it? He will end up with regrets.
Whats the definition of bearish season? Five years from now, may be we will call this price of 115k as bearish just like we now call price of 10k back in 2019 as bearish. I think there is no formal definition of bearish price or season as we are not sure whether current price is the bottom or price will go further down from here. Those who don't have good amount of Bitcoin must continue to accumulate bitcoin for five years or more and they must not pay attention to voices of bearish season and it's too late to buy Bitcoin.
If you wait for Bitcoin to fall, you may regret it in the future, because the price of Bitcoin, which is a challenge to determine, is cheaper today than in the future because the demand for Bitcoin which has increased greatly at present and will increase many times in the future and the price of Bitcoin will increase greatly, but although there is no guarantee of this but the future of Bitcoin is bright, when to enter or exit the market for investment frees you from this kind of challenge when using the DCA strategy, the DCA strategy will be the best for you to grow your wealth,
Although many individuals are still afraid of Bitcoin because they don't understand how it works, their fear has stopped them from investing, which may be their loss because they missed the opportunity to build their wealth for the future. Even some people who choose to buy Bitcoin make mistakes, maybe they rush in without having what it takes or because they expect quick returns. Some people put themselves in a worse situation while investing, not because Bitcoin failed them, but because they failed to plan properly.
You're right; some people still struggle to understand because they want to make quick profit. I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is. Bitcoin doesn't work like that; you have to be patient and the more you invest, the more you may expect a positive outcome. You can't just hold onto it for two, three, or four years and expect a significant profit in return.People have a way of developing emotions whenever they have put money into something and that is fine but we must guard those emotion to avoid making mistakes and one of the ways of achieving that with Bitcoin is to set your mind on quantity of Bitcoin and not just the price. This will help you in both buying and holding, I don't know if anyone follow this approach but I'm talking from experience and it helped me a lot.
It is very important for new investors to always have knowledge about the history of Bitcoin investment, because they can learn a lot from that history and understand how profitable it is in the long run. Many investors in history are regretting their mistakes in the present. Many investors invested in Bitcoin from the beginning, but when they saw the price of Bitcoin fluctuate, they panicked and sold Bitcoin. Many people kept their investments for a long time, but when they saw their wealth increase, they ended their long-term journey out of greed, because they thought they were right. On the other hand, those who panicked and sold thought it was the end, but now they are regretting it. Therefore, considering history is very important for new investors. Bitcoin is cheaper today than in the future because Bitcoin can increase in value more than we fear and you may be left behind. Therefore, it is better to consider small market declines as opportunities rather than looking for opportunities to invest and it is also important to complete that investment for your long-term.
Thanks
It doesn't matter the how you chose to spend the money on bitcoin accumulation. Bitcoin investment methods made provisions for all of that, it depends on how you the investor want to go about it. If you want to go with the lump sum method it's fine, if you want to go with DCA it's also fine. It's just like someone who use the elevator and someone who uses the staircase. But in the end they are going to meet at same spot. The choice of what method to use is your own and nobody can make that decision for you. What matters is your ability to hold on to your bitcoin on the long term. I agree with you, your patience is the biggest strength for investing in Bitcoin, it has been proven from history that those who have done it for a long time have been able to benefit in the present time, if you have a source of income from which you can earn and after you meet the basic needs of the family with that earned money, you know what money you have left with you, you can continue your investment using the DCA strategy as much as you can, but your investment in Bitcoin should not be left behind in this regard, your investment is small, you do not have to spend a lot of money to invest, you can start small, but to start, you must use the DCA strategy and if you continue it for a long 7-8 years, you will see your investment become strong and you will be able to increase your money, but there is no guarantee of this but there is also a possibility of Bitcoin's price increasing which we can never deny.
Even though the investor has time, if his goal is achieved, then he has more time left. He can use that time for work. You have to wait for the long term. After buying Bitcoin, it is better not to sell it if the price increases a little. It is better not to sell Bitcoin thinking about your own profit. We should think about how to hold Bitcoin in the long term. How to invest and take Bitcoin forward. We should not sell it immediately, thinking that the price will fluctuate in the market.
If someone buys Bitcoin and then sells it when the price increases, then he can be compared to a trader, because if someone buys Bitcoin and then sells it when the price increases, then he cannot be an investor. If you invest in Bitcoin for the long term, then you should plan to hold for 2 cycles or 8-10 years. You should focus on accumulating Bitcoin and forget about selling. However, no one who invests in Bitcoin will hold Bitcoin forever, they will also sell at some point, but we have to hold for a long time to reduce risk and expect good profits. However, short-term planning should not be done, because if you plan for the short term, instead of profit, there may be losses. Therefore, if we want to invest in Bitcoin, we should always plan for the long term. However, the price has come down a little from the highest ATH price, so investors should not panic here but should take advantage of the opportunity to buy at a low price.
Investors should avoid just waiting for Bitcoin to fall, on the other hand, if they come up with a short-term plan, they can definitely suffer, Bitcoin has a beautiful history where you can see that there were many types of investors in the past, some investors were those who did not invest in Bitcoin for the long term and left Bitcoin because the price of Bitcoin fluctuated at that time, on the other hand, many investors held Bitcoin for a long time, but when they saw their wealth increasing, they sold their Bitcoin out of greed, and there were also long-term investors who set their goal to hold it for a long time, so they put their greed behind, and succeeded in holding Bitcoin until the present time with full confidence, that is why they have become very profitable at the present time, but it was their right, in that case, it is better to see the small decline of Bitcoin as an opportunity for you to invest at the present time, but if you have a discretionary income, why are you behind? In this case, it is better to invest slowly using the DCA strategy. You can strengthen your investment.
In fact, if you hold on long-term, the risk will be very low, but not risk-free, of course there are some risks involved. Now the DCA strategy is the best strategy to invest in Bitcoin, if someone plans to invest in Bitcoin then if he chooses DCA strategy then there is no need to wait for his price to fall, because investing in Bitcoin in DCA method will be able to buy at average price. If you invest in DCA method, you can gradually increase the amount of investment, if someone continues to invest in DCA strategy with a small amount of money, then at some point the amount of investment will be quite large. Now the investment has to continue with DCA strategy and long term plan. I've heard the stories of some people who invested in the DCA strategy on a weekly basis but weren't able to hold on long-term, because they didn't have a long-term plan, so whatever method you invest in must have the ability to hold on long-term.
The DCA accumulating strategy is wired to be a success on the longer run, so anyone that really wants to be successful in his investment while investing through the dca accumulating strategy needs to have it at the back of his minds that he must be thinking long term.Concerning the bold statement that you made, sometimes it's not about having a long term plan or not, it is about putting down measures to safeguard your Bitcoin investment against any unforseen circumstances that may warrant you to temper with your Bitcoin investment, that is why sir jayjuangee has always emphasize on the importance of emergency and reserve funds in Bitcoin investment, because emergency situation will definitely come, but if you don't have it in place to protect your investment, your Bitcoin investment is doomed if any emergencies arise while investing.
I agree with you, investing in Bitcoin is very important in the long term, but if you are the sole earner of your family, you should always build an emergency fund, because when you invest in Bitcoin, why not invest slowly using the DCA strategy, you have a big risk here, because when a family member gets sick and you have to spend a lot of money to fix him, you can sell Bitcoin for that money, then no matter what the value of Bitcoin is, you will be forced to give it up, so building an emergency fund to invest is very important where you know you will face sudden danger until your survival. Increase your awareness in this area.
Very correct, to keep waiting for dip might be a way of not investing at all and that means to keep regretting also.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.
Funny enough with all the speculations of Bitcoin soaring, right now is the dip for the nearest time. DCA strategy now makes it more convenient for investors not to be looking out any dip while holding the much they have already.
There is definitely no risk in holding Bitcoin for long-term Bitcoin investment, as long as you invest more Bitcoin and continue to buy Bitcoin for a long time according to the DCA method, the Bitcoin investment is safe. Because the more Bitcoin you buy, the more savings you will make on the purchase price, that is why the DCA method is the best.
No matter what situation you buy Bitcoin in, buying it for a long time creates a huge savings on your purchase price, and after holding Bitcoin for a long time, that investor is definitely ready to get the maximum benefits.
You need to be properly aware to invest in Bitcoin, it is very important for you to build an emergency fund for long-term holding capacity because it will not let your investment stop halfway, as long as you have a long-term perspective, if a family member of yours falls ill where you have to spend a lot of money, you may lose your beloved thing, you think you will then sell Bitcoin and protect your family, then no matter how low the price of Bitcoin is, then it does not matter to you, so it is very important to build an emergency fund for your investment, where you know that as long as you live, you will have to face sudden dangers, so be careful to invest first so that there are no obstacles in the long run.
Sometimes the market may seems to appear against our direction, but it's nothing than a temporary market behavior which we are not supposed to count as what could make us fear and sell, because some will be made to react towards market behaviors like this and if we don't planned and get prepared hahead of these, we may think that we must sell in other to avoid going bearish together with the market the more, when we should be holding the more, these are part of the mistakes our newbies engaged, because they are yet to fully understand what everything is about in bitcoin investment, as in knowing the best buying or selling point before taking any action.
I agree with you, it is better for new investors not to be left behind in investing, if they can find a job or business from which they can earn and with that money they can meet the basic needs of the family and build an emergency fund so that if they face a sudden danger, they can overcome their danger with their funds, thus investing a part of their income using the DCA strategy monthly or weekly and if they do this investment for 7-8 years they will be able to transform their small investment into a strong one, it is very important to have a long-term view when investing in Bitcoin,