Search content
Sort by

Showing 20 of 969 results by hero_the_bossman
Post
Topic
Board Bitcoin Discussion
Re: Devaluation of bitcoin as an option for massive adoption (Innovation).
by
hero_the_bossman
on 25/07/2025, 12:30:04 UTC
Having had interest for bitcoin among all altcoin, I tried to imagine if the price of bitcoin is reduced to atleast 80% so that It can be affordable, and before this is done a proper warning is sent to all the users and holders so that they can sell before time to avoid lost on their part and buy back when it is stable and relatively cheap.
The world is now digitalise where induction, orientation and serious campaign about bitcoin is prevailing but the major constraint for adoption is the price which had made old users to benefit from the system. For instance to own a bitcoin in my country is above a million naira. Where will one get this money from as a newbie. Let it not be as if there is no hope for us that are new to the ecosystem.

Why do you want bitcoin to pullback 20%? When you look at the 4 year cycle, no matter what price you bought at, you "are in the money". Furthermore, There will be no warnings about price fluctuations, but you should not be worried about fluctuations if you are a long term holder. Again I point you to the 4 year cycle.....  

We just need to buy consistently - and everything will be great in the long run, with or without such big pullbacks.
Post
Topic
Board Bitcoin Discussion
Re: Should I depend solely on Bitcoin?
by
hero_the_bossman
on 25/07/2025, 11:42:31 UTC
I think it's impossible to become successful in Bitcoin so fast unless maybe he was able to time the market correctly and accumulate aggressively or lump sum when the market was at dip and sell out when the price increase if this is what happened then it's not investment but trading/gambling.
Well it's very wrong to put all hope on one basket abandoning all other work and focus all on Bitcoin can be very problematic unless such person is gambling which is too risky maybe he never got the right knowledge about Bitcoin investment it is better he accumulate from his discretionary income using the DCA strategy and hodl for long, Bitcoin investment Is a long time Investment so we should accumulate with the amount we can afford to loss incase it doesn't went as plan it won't affect us emotionally.

Bitcoin needs time, lots of it. Preferably - years, and more to come in order to gain the maximum value out of your BTC, when you would like to cash out.
Post
Topic
Board Bitcoin Discussion
Re: Should I depend solely on Bitcoin?
by
hero_the_bossman
on 25/07/2025, 10:32:58 UTC
In my opinion, you (your friend) should adhere to the following investment strategy...🃏

If you are simply creating capital, then you should forget the word "diversification". It makes sense for you to focus on one type of asset. You will not be able to invest equally successfully in works of art, precious metals, stocks, bonds, alternative cryptocurrencies, bitcoin, memecoins, and so on. To succeed, you need to focus on one type of asset, you must study and understand the object that is the object of investment for you well. 🎯

If you (or your friend) strive to invest in all assets in a row, then you will be like a gambler who came to the racetrack and bet on all the horses at once. Of course, such a person will not be able to win in this game of chance. 🐎

But, I repeat, this is true only for a situation when you are still at the stage of creating capital. When you already have a large capital (you have already created it), then, of course, you should not forget the word "diversification".  And it makes sense for you to invest your capital in different types of assets - in bitcoins, in stocks, in real estate, in deposits in a commercial bank, in gold, and so on. After all, at this stage, it is more important for you to preserve your capital, rather than increase it. 🌐

Therefore, in my opinion, if your friend is just creating his capital, then you should not criticize him for focusing on bitcoins. Because if he seriously studies the first cryptocurrency - both in terms of technology, and in terms of current legislation, and in terms of pricing, then I have no doubt that success awaits him!🎂

A great and well-written answer.

Even by going only in BTC, he or his friend would succeed anyways, given the proper knowledge and time put into the process.

HODL is a true bliss to not spend nerves while staying afloat.. Cool
Post
Topic
Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
hero_the_bossman
on 25/07/2025, 09:32:17 UTC
If you view btc as an investment, yes that’s a good way to invest in btc since you care only for the price, nothing else. From your perspective, this decision makes sense the most.

If you value the tech behind btc and have plans to use it, then you need to own btc itself. You know there are a few nice use cases. You can buy stuff with it, keep your savings in a btc address like it is a savings account… Send money globally without needing permission…

Clearly you are not interested in these and that’s why you made the right decision

Yes, I think you are correct that I do not have plans to use the tech behind BTC - being solely interested in the FBTC ETF share price, in that it moves pretty closely parallel with the value of BTC.  

I love learning about the tech and how some holders of BTC might use that tech, but I really do not foresee me using it like some might...    
If you've already made up your mind and the advice of others doesn't have any impact then there's really nothing to talk about. You are better off choosing to use a third party rather than having bitcoin in your own hands. But what in the title you are still asking, while from this statement it feels like the decision is final.

Maybe OP wanted to hear something that would change his mind, but alas - it wasn't enough, so to speak  Grin
Post
Topic
Board Bitcoin Discussion
Re: Has El Salvador been lying to the world?
by
hero_the_bossman
on 25/07/2025, 06:38:26 UTC
Basically, the IMF only wants cryptocurrencies not to be a pillar of the economy of countries, because they fear that it will cause the traditional financial system to lose value and empower countries with a free system without an intermediary since they depend on international loans, so every false step that Bitcoin may take, they will take it as an argument for criticism, I would say that they are the paparazzi of cryptocurrencies and the countries that adopt it or go in the same direction.

Especially talking about smaller countries in question - where their influence is much higher than in the rest of the world, unfortunately, like in our case..
Post
Topic
Board Bitcoin Discussion
Re: The Harsh Truth: Losing Your Keys Means Losing It All Are You Ready?
by
hero_the_bossman
on 24/07/2025, 18:19:33 UTC
...
There is no method that is 100% safe. However, if you know what you are doing and you do most things right, there is no need to be too paranoid.

I think it never hurts to be "too paranoid"!  lol.  Backups of backups of backups.  Multisig etc.  Particularly if you have something you don't want to lose.  It isn't like the bank or credit card where you can get help from anyone.

Yep. The only help you would get is your own prepared ways to do so, that's self custody for anybody willing to do it Cool
Post
Topic
Board Bitcoin Discussion
Re: The Harsh Truth: Losing Your Keys Means Losing It All Are You Ready?
by
hero_the_bossman
on 24/07/2025, 12:53:39 UTC
It thus requires discipline.

Been wise is you considering the optimal way of keeping your Bitcoin safe, since the journey you are about to begin will take years, it's wise to go the best possible way and that to me is buying a hardware wallet.

Many won't accept this because they want the cheapest way possible which is considered free, but free crypto wallets are software based and mostly not always secured like hardware wallet even when they are non custodial.
People need to be careful, knowledgeable and disciplined in practice.

Hardware wallets are good wallets but there are open source and close source and the advice is always towards open-source hardware wallets.
People need to choose good hardware wallets, purchase it a right way, and use it a right way. In addition, using it a right way includes making a wallet backup properly.

[LIST] Open Source Hardware Wallets
[GUIDE] How to buy a Hardware Wallet the right way.
How to back up a seed phrase?

The best way to secure it is in a physical way and preferably in different places at ones - on metal plates or something that wouldn't be destroyed by time, fire, and so on, imo..
Post
Topic
Board Bitcoin Discussion
Re: John McAfee and his $100k to $1 million prediction
by
hero_the_bossman
on 24/07/2025, 12:32:06 UTC
The price of Bitcoin will skyrocket for sure in the upcoming years, the more important question is to what extent the adoption would get.

It would show us what is possible with BTC and how in demand it is.
Post
Topic
Board Bitcoin Discussion
Re: Don't Cap Bitcoin: The Game Never Ends
by
hero_the_bossman
on 24/07/2025, 11:09:15 UTC
Often we see people predict a Bitcoin price like $150K, or even we see $1M predictions. Let's say Bitcoin reached $1M; does it mean the Bitcoin game ended? Definitely not, but the wrong thing is limiting the Bitcoin price. We have to remember, Bitcoin is just not an asset or stock; it's a decentralised cryptocurrency with a limited supply. But it was never limited by the price; as always, Bitcoin just created a new history by breaking ATH. When you are capping Bitcoin with a limit, you are putting a limit on something that is always meant to be limitless.

Let's be real for a moment. Is it really a dream? We are not dreaming, really; we are witnesses of how Bitcoin is growing without a limit and creating history with ATH. When we saw the dump again, Bitcoin created a new ATH. That means if you ask me about the target of Bitcoin, then I will say ATH. This isn't a goal actually; this is the next movement of Bitcoin, and again, the next ATH. That's how Bitcoin will survive forever. Because no one can stop it, government and regulations can't kill it. Due to decentralised behaviour, it will exist forever.


Those are merely personal projections which may, or may not, happen. BUT if someone during 2010 told you that Bitcoin will surge to a six digit valuation, and that nation-states, large companies, and possibly central banks would purchase and HODL it in their vaults, would you actually believe them?

A person like you, during that time, would probably say that $1,000 or $10,000 isn't definitely NOT the limit. Although personally I believe that Bitcoin's price valuation limit is if it surges to the total market value of Gold.

Once BTC reaches reaches 1 M, await threads about 1 milliard Wink
Post
Topic
Board Bitcoin Discussion
Re: Chances to buy Bitcoin back
by
hero_the_bossman
on 24/07/2025, 09:29:32 UTC
Price will 1 million $$$ before any exchange ever runs out Smiley

FUD is FUD, and taglines make people get the emotions needed from such articles.

We just need to sway them and go forward.

Ya agree, I think best is just provide the facts from own experience regardless they swayed or not. Its not emotion even its just a lot of misunderstanding and lack of real experience on actual exchanges. Happy to share this for them Smiley

You are right, but sometimes, such people don't want to know more or get to the truth - they want to see their theories or ideas to make it to the real world... And nothing else!

And we are truly happy to help those who are ready to hear and listen, either on the forum or somewhere else.
Post
Topic
Board Bitcoin Discussion
Re: The new era of Bitcoin '25 begin with square
by
hero_the_bossman
on 24/07/2025, 08:17:40 UTC
That is - adoption! A real one!

It's not about a company buying Bitcoin to hold and to sell when the time is right. This is a real opportunity to make transactions in Bitcoin for your purchases. So glad to hear about it.

The usage of LN makes sense because we need transactions to happen quickly and with low or no fees. That is not possible in native transaction flow so adopting LN is a smart move.

Only when the network is not congested, but, yeah - more speed and fewer fees - the better for the people!

Post
Topic
Board Bitcoin Discussion
Re: The new era of Bitcoin '25 begin with square
by
hero_the_bossman
on 23/07/2025, 14:49:35 UTC
I'd like everything about this development, because it encourages for more active use of bitcoin in making payments and also help contributes to the adoption of bitcoin as its more found in an applicable manner for business to accept it use for making payments, In addition, the use of the lighting network is also another added advantage, because transactions are more faster using it.

It seems that more and more people see more pros than cons in adopting BTC, with or without LN, and that's truly great.

This kind of adoption is wonderful, because it's about the daily usage of BTC, not only about hodl or reserves of it.
Post
Topic
Board Bitcoin Discussion
Re: Has El Salvador been lying to the world?
by
hero_the_bossman
on 23/07/2025, 13:05:47 UTC
I don't know what bothers IMF, because whether they've made a purchase or not is up to them. The IMF tries to support a nation in its well-being, but these days such incidents aren't happening. In the past, the IMF had big roles, and now countries are trying to stay self-reliant and improve their economy. After the young president of Burkina Faso made the country people work for the betterment of the nation, there was a big transformation. Similar things were experienced by El Salvador on the adoption of Bitcoin. Even if the country is lying to the world for the betterment of the nation, there's nothing wrong.

As long as the country gets the better of it, and its people have something as an alternative, better than what is presented to them: it's good.

Surely, not everything will stay on broad daylight, and something is left behind the curtains: but overall, you would look at the results of it, especially if we talk about the adoption.
Post
Topic
Board Bitcoin Discussion
Re: Chances to buy Bitcoin back
by
hero_the_bossman
on 23/07/2025, 07:07:46 UTC
I remember back in 2017 some dumb news articles were saying how there wasn't enouogh BTC to go around once institutionals would hit it. Then again in 2021 the false idea came around again, this was around the time MicroS started buying big in the news.

I mean, until today I never heard an exchange say, oops guys sorry, no more BTC.

Price will 1 million $$$ before any exchange ever runs out Smiley

FUD is FUD, and taglines make people get the emotions needed from such articles.

We just need to sway them and go forward.
Post
Topic
Board Bitcoin Discussion
Re: Trump Approves Crypto for Retirement Accounts as Bitcoin Surges Past $120K – Wha
by
hero_the_bossman
on 23/07/2025, 06:32:25 UTC
I would trust it, but I wouldn't make it the biggest part of the account, probably, but time will tell.

This move won't pressure anyone, because there are plenty people out there not seeing BTC for what it is.
Post
Topic
Board Gambling
Re: 🟢 Rainbet.com | Crypto Casino & Sportsbook | Competitive Rewards 🎁
by
hero_the_bossman
on 22/07/2025, 11:36:38 UTC
They only get disappointed if they expect badly that they could able to pull a win easily on those raffles, but unfortunately those expectation didn't happen and the other people declared as lucky victor on that roll.

If they just condition their mind for not expecting anything and what they just do is to get some entries then let the luck came if we win then good if not still its good for sure that they would never get disappointed or feel bad for ourselves if we don't win on this. Raffle like this need extreme luck and if we didn't posses such state then its less chance for us to win some reward from this activities. But still good to see someone is winning since somehow it can inspired other people to participate more and maybe same with those winner their time would come then they get lucky with it.

The raffle is raffle, and you can't make your odds better - so we shouldn't mourn it not working out, rather, just search for other possibilities to shine..
Post
Topic
Board Bitcoin Discussion
Re: your bitcoin is not yours.
by
hero_the_bossman
on 22/07/2025, 10:27:50 UTC
This is the ideal way to manage our funds of course but I guess some people can't really help themselves. If they think they still have bitcoins to spend, they might not budget well and just go and spend on whatever things they want to buy necessary or not.

That's a weak mindset toward BTC - if you spend it on something not worth the while, but you just want it here and now.
Post
Topic
Board Bitcoin Discussion
Re: 1 Million Enough?
by
hero_the_bossman
on 22/07/2025, 09:17:31 UTC
Thinking alot and is really affecting me because I don't actually all the resources need to market the trading but then am reasoning between physical business or BTC trading which 1 million naira capital will fits in for better returns after a while. The question is will 1 Million naira make good results in btc trades now, or investment of btc?
I saw that one million naira is equivalent to about 653.85 dollars. Now to answer your question, I will say yes, it is possible to start trading not only in bitcoin but also in other cryptocurrencies and it is a good amount to build a good career, but remember that this only applies to professional traders who knows the analysis kill like the fundamental and as well the technical analysis.

But this does not apply to those who are new to this market because they may face losses while trading this $653.85 and it is normal that they will not know the right way to recover. So I will tell you first gain good knowledge about analysis skin and then start trading. And in the meantime what you can do is start storing stable coins targeting the upcoming bear season and invest in Bitcoin for long term in bear season and book profit by selling in bull season.

Or put some of the capital to work from the get-go and trade little by little with what would be left - to train and to test what was previously learned (hopefully).

I agree with your take, it's a good start, but only with good knowledge.
Post
Topic
Board Bitcoin Discussion
Re: Chances to buy Bitcoin back
by
hero_the_bossman
on 22/07/2025, 08:30:18 UTC
It's not a bad idea strategy if you have a big stash and trading as a hodler as the small gains make a big difference,  it even gets better if you are leverage trading which will give you profits either markets go up or down...

But for a small account,  you might trap yourself and buy expensive bitcoins..and besides today people talk about DCAing and selling shouldn't be the idea  Smiley

BTC to the moon

Depends entirely on the OP's plans and abilities: we can't know the bottom and the biggest ATH of each of BTC's rallys, but we do know it's going to surpass them all eventually, and that's all we need.
Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin kill other crypto?
by
hero_the_bossman
on 22/07/2025, 07:22:50 UTC
Bitcoin has always been on top and it always appreciates more in value compared to altcoins. There are lots of altcoins that are no longer valuable or should I say that they have faded away but Bitcoin still stands strong. When you are considering to make a long term investment in the crypto space you must think about Bitcoin first. Altcoins should be for people who are trading, be it a swing trade or whatever they prefer

ETH, SOL, and the rest of the big caps can be hodled too - but alas, BTC would still be a better option to do so.