Search content
Sort by

Showing 20 of 178 results by kanftka
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
kanftka
on 21/08/2025, 01:17:41 UTC
It happens, I think Bitcoin goes with dollar exchange, and we all know that dollar rate is not stable. Soon one dollar will amount to 2000 in the local market and we all know this might affect Bitcoin market, some persons might be afraid to even buy. But I think the most important thing is to buy the Bitcoin then monitor the market.
No, no, this is a terrible way to go about your Bitcoin investment, because monitoring of the market are for traders that thought they can outsmart the market blindly, which is the real reason you will hear that traders are losing money in the market, but they will never admit to their losses, moreover why putting yourself under tension that will not end well due to short term thinking. Investment in bitcoin is mostly suited for long term, so their is no need in monitoring the market as you said because their is no benefit added to it, plus the tension you will get due to volatility.
It is not only traders who monitor the market and monitoring the market doesn't make you a trader unless such investor is regularly cheeking on the market to see when there is an increase so they can sell out, there are investor who monitor the market to accumulate aggressively or accumulate more Bitcoin when there is a dip and still continue with their DCA strategy so will say you are wrong by saying that monitoring the market is for traders.

True, investors also monitor the market, but in my own view there is still a thin line between how a trader and a long term investor do it. Traders usually check the market because every small move matters to their positions which is not reliable, while most long term investors do not need to sit on the screen often since their focus is more on long term than hours or days. I would even say too much monitoring as an investor can become dangerous, because you might start acting on emotions and end up getting short term mentality, maybe considering taking profit or selling when you did not plan to....

For me, that is the key difference, monitoring the market is not wrong for investors, but it is more about discipline. If you can look at the charts and still stick to your long term plan, then it is fine. But if monitoring drags you into short term thinking, then it beats the purpose of being a long term holder in the first place. That is why a lot of experienced investors actually prefer to check the market less, just to avoid unnecessary stress...

So yeah, monitoring the market is for everyone, but the frequency and the mindset behind it is what separates traders from investors.. Sometimes the best monitoring is just checking your portfolio once in a while and letting your strategy play out...


There are a lot of folks who continue to be skeptical and scared of bitcoin, which will likely be their loss, and there might not be any real easy way to either convince them and/or to get them to take action to protect their own finances, psychology and likely improve their future options.  Even people who we might try to help, they may start out buying bitcoin, but then screw it up and even put themselves into a worse position because they fail to adequately prepare themselves and to learn about bitcoin and/or to moderate their entrance into bitcoin.
Dear JJG If someone expresses doubts and fears about Bitcoin, then I think we should ask them why they can't trust Bitcoin? Is there anything else besides Bitcoin that is better than Bitcoin? If they can't trust Bitcoin and are afraid because of doubts about the financial security of Bitcoin, then they should also ask themselves, what else seems to them to be the safest thing besides Bitcoin?

Honestly, I think most people who doubt Bitcoin are just clinging to what they know, maybe banks, cash, or stablecoins idk, because it feels safe and familiar...  But the truth is, none of that is really safe long term..  Fiat keeps losing value to inflation, banks can freeze your account, and stablecoins depend on companies that could collapse or get shut down at any time. While for bitcoin, runs on a decentralized network that does not even need anyone's permission to work..  That alone is a big big advantage that a lot of people don’t fully appreciate...

Also, when people say they don’t trust Bitcoin, a lot of the time it is not the bitcoin they’re worried about, it is themselves and how they would handle the ups and downs.. The funny thing is that bitcoin has been running for almost two decade without a single hack, and yet volatility scares people.. Price swings are just part of the journey, and those who hold on long enough usually end up seeing the bigger picture. Compared to fiat that loses value, stocks that can crash overnight, or governments that can change the rules whenever they feel...
Post
Topic
Board Economics
Re: Everything you wanted to know about Bitcoin Strategic Reserve
by
kanftka
on 19/08/2025, 17:47:26 UTC
i know you are obsessed with wanting people to just blindly buy at any cost.. but thats the rhetoric of greedy holders wanting naive people to buy high, so that the greedy holders can sell high

the smart investor will always look to take an opportunity to buy low. because thats just smart investing
#buy-low,sell-high

sidenote:
buying low means investors get the advantage of a later rise coming soon to break even/profit..
- the higher you buy at the longer you have to wait to break even/profit
- the lower you buy at the sooner you have to wait to break even/profit

however those already holding whom want naive investors to buy high, are just greedy by wanying highly supported highs for them to sell high.


Everybody knows that the best way to maximize profit is to simply buy low and sell high but let’s be realistic what price can we consider to be bitcoin low price or what price can we consider to be bitcoin high price. I think there is no one who can perfectly predict the bitcoin price, technical or fundamental analysts can only speculate too but can’t actually get the accurate price and with that we can not call a certain price bitcoin. So if there is no guaranteed low then every price we meet bitcoin today might be the lowest we are ever going to meet it again. But there is very high percentage tendency of today’s price not ever going to be his highest high if at all you’re not here for short term.

So in that regard for me actually waiting for a particular price or low is just like gambling the opportunity of buying bitcoin at that present price that could be the lowest you will meet it again. For example bitcoin at $115k now some will be expecting a dip down to $112k but bitcoin might simply pick up from here. For someone who has bitcoin holdings already it is not that risky to chase lows but for someone without even a Satoshi it is very risky chasing lows.

It is the best reason why I think that the best method of accumulation for a new investor is simply to DCA and most probably just have extra funds aside that when you think it has dipped more you can buy more at those prices to increase quantity but to totally chase after this dip or low is way to risky


What I have noticed with new investors is that a lot of them do not actually have a problem with strategy, their real problem is discipline. You can tell someone to DCA, but if they don’t stick to whatever plan they chose, it will all falls apart…
 That is why I think DCAing works so well, not because it is the perfect entry method, but because it forces you into a habit.. You do not need to think too much, you just buy on schedule… And once you build that habit, the side effect is you are less emotional about price moves.. Whether it goes up, down, or sideways, you are still adding more orders and accumulating.. In the long run, that mindset will pay off way more than trying to be the hero who always buys the bottom…
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
kanftka
on 19/08/2025, 17:26:18 UTC
Hi JJG. I wanted to ask a question according the acummulation of Bitcoin and this thread is I think the best for that. I wanted to ask tha We should invest Big amounts of Money at a big dump for example $5000-10000 or we should break down this amount and DCA it over the course of a few years. I believe investing it at once is a riskier choice but can give you more profit than DCA. But DCA is Not Very Risky and requires Time and Discipline. What would you say a person should choose if they want to Increase The value of their money The Most. Thanks  
Investing in Bitcoin is a personal decision and whatever method you prefer to use whether buying at once through Lump sum or buying consistently bit by bit with DCA is your choice. Using either of the above mentioned strategies doesn't gives you any guarantee in your investment. What matters the  most is that you have a Discretional income to buy and hold for the long term. However buying consistently with DCA doesn't gives you more profits than an investor that invested with lump sum strategy,the advantage of using DCA strategy is that you can be buying bitcoin consistently from your discretional income regardless of the price and the amount .For instance  if your weekly  Discretional income is $10,you can split it in to half, 50% can be used to build your emergency funds and reserve fund to protect your investment while the remaining 50% should be reimbursed into buying Bitcoin consistently for the long term.

Those thing are fine whatever strategy they used as long as their intention is to buy and do long term on Bitcoin.

What's actually not good here is if they have doubts on their decision and try to engage on waiting for the dip before they buy since that might give them a problem.

Yeah exactly, that is the trap a lot of people fall into.. They sit there waiting for that perfect dip and before they know it, the price has already moved higher and they are still stuck watching... Then would actually make them start overthinking, hoping it comes back down, but most times it does not drop to the level they expect. That constant hesitation could just makes you miss opportunities. It is way better to just stick with your plan and keep buying gradually without worrying too much about timing the bottom…
Nobody can predict the market, but steady accumulation using your proper DCAing will always pay off in the long run, compared to sitting and waiting forever….

Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
kanftka
on 16/08/2025, 12:03:27 UTC

This made me smile  Grin



source
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
kanftka
on 15/08/2025, 23:40:38 UTC
I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.
I don't think it is a wise idea to be investing in Bitcoin and, at the same time, trading. With this method, someone can easily lose their Bitcoin investment. Once a person loses all the funds deposited in the trading account, it's very possible that they will touch their Bitcoin investment just to trade and try to recover the money they lost. Gradually, this could lead to completely emptying their Bitcoin investment.trading is never the wayit is very risky, and it's an easy way for people to lose money. So, I would say it's a bad idea to be an investor a trader at the same time. You’re likely to lose everything easily.
I don't want to enter anyone's personal life and I don't want to talk about their personal freedom. Being a trader is a personal freedom for a person and being an investor is also a personal freedom. We shouldn't comment on this. Bitcoin investment and trading are two different things. Being a trader does not mean that a person cannot be successful in long-term investment. Leave it to him and let him think for himself how to be successful.

But I must say that entering a person's trade is not a good move, trading is very risky and the possibility of losing money is very high. If your money is valuable, then think twice before entering a trade and make a decision. Spending money on investment can be a much more profitable decision in the long run than losing money on trading.

I get your point, and TBH it is true that trading and investing are both personal choices… It is not for anyone to impose what is better on someone else.…

But I will be real with anyone thinking of getting involved with trading, I am not here to sugarcoat it, this whole trading thing is something I have seen chew people up and spit them out more times than I can count….  And to be honest, this particular topic on this forum should not even be filled with so much talk about trading in the first place… We have dedicated sections for that. If someone decides to follow the path of trading, then go to the trading boards and talk about it there… Mixing the two constantly just drags the discussion in circles.

For me from my own experience, my humble advice is simple, just stay away from trading altogether. The stress and constant market watching, the emotional swings.. and the odds are not in your favor… But hey, whoever really want to learn from his own mistake and not someone else’s own, then none of us here can stop you, haha… Just know what you are getting into before you thing of going into it…..
Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy Buy Buy or Sell Sell Sell?
by
kanftka
on 15/08/2025, 17:22:12 UTC
⭐ Merited by Umulala-alala (2) ,JayJuanGee (1)
It's better that we don't use timeline as the main focus on our bitcoin accumulation journey because it will depreive us from accumulating as many bitcoin as possible overtime. Instead, you should have a bitcoin target which you will plan to accumulate so that you can focus on that quantity till you achieve it irrespective of the time duration that you will use to accumulate it. S that, you can know when you are entering an over accumulation phase.

Profits shouldn't be the main thinking when accumulating but reaching your bitcoin target should be your priority.
No, I think that it's more better to accumulate Bitcoin with a duration of time than setting a Bitcoin target, because if you set up a Bitcoin target, you are limiting yourself, you might stop accumulating if you get to that target very  early, but if you set a duration of time like 10 years or more, you are definitely going to accumulate more Bitcoin as long as you are consistent in your Bitcoin accumulation journey, because I know that their are times you might even invest aggressively or sometime buy during a dip, so accumulating according to timeframe is the best way to accumulate a bigger stash of bitcoin than setting a target that can be easily achieved.

I am with you on this one, @Finebone.. The way I see it, Bitcoin is one of those things you just keep stacking for as long as you can, because the game is not really about hitting a final number or something and calling it a day…. Markets change, life changes, and honestly, what feels like enough today might not even scratch the surface years from now when the value shifts…

So I would say working with a set duration keeps you in the habit, and that habit is where the real thing happens..  You are not waiting for the perfect moment, you are just building, dip or pump, you keep adding.. And the funny thing is, when you are locked into a timeframe mindset, you usually end up with way more than you first imagined, without even stressing over whether you have hit your target yet…

In my opinion, it is better to have a long game running in the background than to accidentally talk yourself into slowing down just because you think you are done…
Post
Topic
Board Speculation
Re: If Bitcoin Becomes the Global Reserve, What Happens to Gold?
by
kanftka
on 15/08/2025, 16:58:43 UTC
Post
Topic
Board Speculation
Re: Discretionary Income vs Emergency Funds: Why It Matters for Bitcoin Investing
by
kanftka
on 15/08/2025, 16:52:03 UTC
once you have kids, even the most perfect budget can turn into a moving target. . You might set aside what you think is enough, but then a random thing comes up and suddenly you are adjusting, That is just part of the parenting game…
The reality is simple if you really want to get a greater return of your "investment" when you have a kid, is to pour that into the kid itself. Sure leaving some money to them is great feeling if you can do that, or leaving real estate, or whatever networth really, like leave something behind. But when you have a kid, the real aim is to make sure that you equip them with everything you may need, and that's the most important part.

If you can do that, then you are going to be feeling absolutely no zero doubt that you tried your best. My parents are like that, they do not feel fear, sure they will not leave me with anything but their town house, which won't be worth much honestly, but they know that they gave me a great education, which is all they wanted.

Yeah, I get what you’re saying, and it is a good point… a lot of people focus so much on leaving something behind in terms of money or assets, but giving your kids the right mindset and education can sometimes pay off really well...

But just so we’re on the same page, what we are really focusing on in this discussion is not so much about kids or parenting, it is about how to balance those two things in the context of Bitcoin investing. That means where you are building your Bitcoin accumulation or stack using discretionary income, while still keeping your emergency funds untouched… Because once those two are in balance, you are not just investing, you are protecting yourself from having to panic sell or dip into your stack when life throws surprises…. We just chip in the kids talk bcus as a parent, inproper planning could slow you down in Bitcoin stacking…

And also, if years later that Bitcoin becomes something your kids inherit, then cool, that’s a nice extra win. But for now, the main focus should be staying steady and stacking smart, and not putting yourself in a position where you regret touching your stack….
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
kanftka
on 13/08/2025, 22:45:47 UTC
$123,500
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
kanftka
on 13/08/2025, 08:34:36 UTC
To invest in Bitcoin, you must always be aware and create an emergency fund because this will help you deal with sudden disasters in your life and if you have to get out of that danger, you may suffer a lot financially. If you have this emergency fund, you will have peace of mind and will never make the wrong decision. When you are moving forward for the long term by investing in Bitcoin, you may face many obstacles in the long term and you may face financial crisis again, so you should create an emergency fund so that you can invest in Bitcoin and achieve the long term.
Mental peace has nothing to do with investing.

Honestly Jewan420, I can’t really agree with you on that one, because for me mental health is definitely part of the whole Bitcoin investment journey, especially if you are looking at it from a long term perspective… A lot of the reason why people are constantly advised to only invest with discretionary income, while still keeping an emergency fund, some savings, or even a float, is simply because of the mental side of it man…

For instant, when you go all in and throw in money you are not comfortable risking, maybe money for you business, or money meant for family bills and expenses.. it is not just your portfolio at stake, it is now your peace of mind… You won’t be at your best mental state, instead of calmly holding and trusting your plan, you will find yourself refreshing the chart every hour, worrying about every little dip, and feeling that weight in your chest because the money you put in was not meant to be risked in the first place.. That is not investing from a position of strength, that is investing from a place of desperation, and it will drain you mentally…

Long term Bitcoin holding is as much about patience and mindset as it is about your planning and DCA strategy..  If your head is not in the right place, it is easy to make panic decisions that you will regret later, and that is why I would say mental peace and investment goes hand in hand….
Post
Topic
Board Speculation
Re: Discretionary Income vs Emergency Funds: Why It Matters for Bitcoin Investing
by
kanftka
on 13/08/2025, 01:38:23 UTC
I feel like there is a bit of a contradiction here... You first mentioned how before diving into Bitcoin, you always set aside some money for an emergency fund, and that it is been incredibly helpful for financial challenges we can not predict, which honestly makes a lot of sense… But then later, you are also talking about using that same emergency fund for your child’s school expenses...

Now, school expenses are not exactly an unexpected emergency, they are more of a planned expense you can anticipate months in advance.. So if you start dipping into the emergency fund for planned costs like school expenses, then you might not have it when a real financial challenge comes knocking…. I am not saying your plan is bad sha, but maybe it would be better to keep the emergency fund strictly for true emergencies, and have a separate future needs fund for things like school expenses and all…
I would guess that when you have a child, there are unexpected expenses from a child as well. Meaning, like lets say there is a school trip, and takes a good chunk of money, that would still be unexpected. Doesn't mean they have to go, but it is still nice to give your kids that experience when they are young so it would shape them to be better later in life.

It's important to realize, kids are unexpected expense machines, not just even school, everything in their life is an unexpected expense and you end up with spending more than you calculate. Anyone who has a child can tell you 100% true that you can calculate at the start of the month how much everything costs and make a calculation, and then at the end of the month you realize you spent more than you calculated because of them.

I get where you’re coming from because the reality is, once you have kids, even the most perfect budget can turn into a moving target. . You might set aside what you think is enough, but then a random thing comes up and suddenly you are adjusting, That is just part of the parenting game…

But, I think the main challenge is not about whether these expenses are real or not, they definitely are, but about how they are managed without disturbing the foundation. If every little unplanned cost ends up being pulled from the same pot meant for emergencies, then when a real financial crisis hits, you might find yourself empty handed…

I am not sure what the differnce between the expenses of children, spouses or even businesses.   There are going to always be ways in which our cashflows become more complicated whether we are referring to the income, the expenses or to both.

The safer way to budget would be to provide extra budget and perhaps including calling it float, so if you keep your float at a higher level then you have more likelihoods of capturing all of the expenses, and then perhaps having more money at the end of the month than you had expected rather than having less than what you expected.

It seems to me that the building and maintaining of strong cashflow management would attempt to error on the side of not getting caught with your pants down so you would rather have extra money at the end of the month rather than not enough.. and sure if the expenses become just way too difficult and sporadic because there are are several kids, a spouse and maybe one or two other members of the extended family on the support system... so then maybe there would be a practice of keeping an extra slush fund of $300 to $1k that is just for the unexpected family-related expenses purposes.  There also could be an approval problem, since maybe if you are the one who has to approve all expenses that are more than $50, or maybe your spouse is the person who makes the final approval.  I doubt that any family just gives a blank check to child expenses merely because the child is the greatest thing since sliced bread.  On the contrary it seems important to figure out reasonable limitations whether referring to kids, spouse and/or other family members.  Similar kinds of difficulties with income and/or expenses are likely to happen in relation to carrying out a business, and surely some businesses have more complicated/unreliable cashflows than others... yet each of us still would be attempting to bring into control and/or to put appropriate limits on certain expenses and even making sure that income is collected without allowing cash receivables to linger for long periods of time.

I like the way you placed this with the idea of a float or slush fund. It is a much more disciplined way to handle unpredictable expenses without constantly blurring the lines between necessary safety reserves and day to day budget shocks..

U kw this principle applies beyond just family life, business owners, freelancers, or anyone with variable cashflow can benefit from this same system.

The big win with your approach is that it shifts the mindset from reacting to expenses towards anticipating them.. Having that extra cushion means you are not scrambling or making emotional money moves just to cover something unexpected. And in the long run, it is the habit of over preparing, even slightly that keeps your financial thing steady, whether you are dealing with kids, a spouse, or the occasional sector life throws your way.
Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
kanftka
on 13/08/2025, 00:46:28 UTC
This image just tells the whole story without even trying too hard.. So many persons still stuck on I will wait for the perfect entry mindset, they keep saying they will buy when Bitcoin drops to this or that price, but months pass and they are still standing on the same step, watching the market move without them. The funny thing is, even if price actually hits their dream number, most of them still freeze because fear kicks in…. Meanwhile, the person who decided to just buy a little bit consistently, no matter the price, is already halfway up the ladder without stressing over every chart move..

To be honest I'm  not in support of waiting to let price get to a favorable entry zone before buying bitcoins. In fact, waiting could mean you'll  never get to experience that price range you've  been waiting for a long time, because the market is indeed  volatile and prediction doesn't always go as plan. I could remember the early part of last month, we had several  person making prediction of bitcoin dropping down to a good buying position due to chart pattern. But price ended breaking another ATH which is $123k and market price is still around the ATH zone. The best approach to bitcoin investment that I've seen so far is accumulating bitcoin using the DCA strategy. You can imagine  a scenario where such person wanted to make an investment of $100 but waiting for the price to get to probably $75k but price didn't, it's  possible  he may end up spending the money after waiting  for a whole month and price didn't get to that level.  
But for someone  who's using DCA he might split the $100 into 10 part investing $10 weekly  while the remaining are kept as emergency fund. And it might be shocking to know that the person who is waiting  for price to get to a certain  level may not have an emergency fund to fall back to when emergency need arise, and may end up withdrawing from his Bitcoin investment.

True Man, chasing that so called perfect dip is one of the quickest ways to miss out in Bitcoin. This market does not even wait for anyone, and the so called ideal price you’re holding out for might never show up… By the time you realize it, price could already be away and you are left wondering why you did not just start stacking earlier.

That is why i am all in for steady buying too. A simple DCAing plan keeps us in the game without stressing over every chart move, and we will be building our stack bit by bit no matter what the price is doing… The real trick is pairing that with an emergency stash so you don’t end up touching your Bitcoin when life suddenly asks for cash. In the long run, that discipline pays off way more than sitting on the sidelines waiting for some so called magic entry…

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
Yes, what you said is true, there are many who think for a short time but sell when the price drops, later they have nothing to do but regret it when the price increases. So I would say if you invest in any currency, then definitely hold it for the long term, there is no need to be disappointed when the price drops, later the price will increase from which you can expect to get good returns. If you buy the currency now, then you can buy and wait for the highest price. When the price increases much more than the amount you bought it with, then you can sell it.

I get what you’re saying, but I have to point this out, I don’t understand the part you talking about currency, if it is Bitcoin then Bitcoin is not just any currency…

Putting it in the same box as a random currency or tokens is exactly how people miss the bigger picture. With Bitcoin, you’re not just holding for a price pump, you’re holding an asset that had proven itself over and over again..
Post
Topic
Board Nigeria (Naija)
Merits 5 from 2 users
Re: Balancing Financial security and Bitcoin Accumulation
by
kanftka
on 12/08/2025, 07:21:22 UTC
⭐ Merited by Justbillywitt (3) ,Qhunman (2)
All they need is discretionary funds.. which means that it is funds that are extra after they have accounted for their expenses.

The only difference with my use of the term "income" is to suggest that there is a steady flow of discretionary income every week or every month, and in order to invest into bitcoin you do not need a steady flow of income.
As far as I can understand from your post, the mistake we often make is that we consider discretionary income in investment, but if we look deeply into the matter, we can see that there is a slight difference that would be discretionary fund. By discretionary income we mean the income that a person receives consistently like weekly or monthly. But when we say discretionary fund, it is an amount after spending all expanses. It can be 10 dollars or 20, any number, and in the case of investing in Bitcoin, we can invest that amount. Discretionary funds can be said to be money that I have no obligation to use. I can spend it wherever I want, according to my wishes, and that money is worthy for Bitcoin investment.

There is probably no need to get overly caught up on the difference in the terms, yet when guys are proclaiming that there is a need for a steady income before getting started with investing into bitcoin they are wrong.
I agree, sometimes people get way too distracted on the exact wording or definitions, and it ends up distracting them from the real message… Whether you say steady income or discretionary funds, I think what really matters is how you manage what you have to start investing... not getting stuck on the terms, it does slow down a lot of people who just want to get started…

Sure it is nice to have an income flow  and a good job and even a lot of discretionary income, and that will help guys to buy more bitcoin and to create stronger back up fund systems.
Yeah, no one is disputing the fact that having a good job and steady income does not makes stacking Bitcoin easier, no doubt. It helps build a backup fund, reduces stress, and speeds up your buying power which is also important…   But at the same time, not everyone situation looks like that, and it should not be a barrier…. You can still be buying Bitcoin little by little, even if your cash flow isn’t steady, it’s all about you knowing how to balance things…

There may well be cases that the discretionary funds are not enough and the future employment and the future income are too uncertain to be able to invest into bitcoin, and each person needs to make those kinds of judgements, even though guys continue to be wrong to repeatedly proclaim that guys need to have a steady income before getting started investing into bitcoin.
True, smetimes discretionary funds just are not enough, and the future feels too uncertain to commit big…

Everyone needs to be honest with themselves about their financial situation and the risks they can take. But even with those limits, the door to investing is not still closed, it just means moving at a different pace and adjusting expectations..  People often say you need steady income before getting started, but that is not the full story. The truth is, anyone can start stacking BTC in whatever way works for them… It might be slower but what matters is starting and staying consistent, and also growing over time...
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
kanftka
on 12/08/2025, 06:59:50 UTC
A balanced approach is buy small amounts of Bitcoin early, build the fund in parallel, and never dip into it for investments... that keeps you both protected and invested.
most of the investors that sells when they are in tight situations likely went in too aggressively hoping for fast returns without setting up good systems on ground and when an emergency comes up, they discover that the only place to fall back to is to offset part of their asset as a means of solving those needs. as long as life is concerned, emergency must always come, the only thing that shields us at such time is when we have made adiquate provision for it.

Yeah, I think that is one of the silent killers of a lot of people’s Bitcoin journey, going in too heavy without thinking about life outside the investment… The truth is, if you throw in more than you can afford to leave untouched for years, you have basically set yourself up for a panic sell the moment life punches you in the gut. And life does not give you a calendar invite before it happens hahaha….  Grin

The thing is, Bitcoin is not some get in now, cash out next month type of play… It works best when you can sit through several cycles without touching it… But when someone has no buffer, no emergency savings, and they have overextended, they are almost guaranteed to pull the plug early, often at the worst possible price…. That is why I have always believed it is good to be intentional about balancing your financial foundation in as much as you are going hard on stacking bitcoin…

It’s not even about being overly conservative, it is about giving your investment the space and time to grow without the pressure of having to liquidate it just to keep up with real life demands… The irony is, the same patience and discipline that builds a solid Bitcoin position are the same traits that keep you from destroying it when things get rough…

Anyway what I was talking about was not only emphasizing on the emergency fund but how emergency fund is gotten from, according to  pjcr7 he was talking about emergency fund to be a fund that will be kept when we have surplus money and this surplus money is coming from our source of income, and now my explanation is not only talking about emergency fund but talking about us not needing to have a specific amount amount that will be surplus before keeping emergency fund. When I am talking about not being specific, I am not talking about emergency fund not being specific but not needing to have a particular amount or source of income before setting aside emergency. Aside that even if I decided to say that emergency fund is not specific I may not be wrong neither because apart from knowing that emergency fund is meant for emergency, does it have specific circumstances? No. No one knows the type of emergency that will happen and what it will look like, meaning it has no specific, it is a fund kept for the unknown or for an unforseen circumstances which is likely not specific. So I dont have problem about you disagreeing with me or not, since everyone opinion is welcome including the ones that are not relevant.
Most Bitcoin Investors don't know how important emergency funds is to the survival of their holdings, they thought that their investment can survive without it, not knowing that not having it in place when calamity struck, can makes your Bitcoin holdings be used as a sacrificial lamb because you fail to do the needful.

You kw, I will strongly advise that as a Bitcoin investor, especially the on who has the leverage of building emergency funds, jumping in thinking their BTC stacking alone will carry you through everything is unwise, bcus that is just not how real life works. Emergencies don’t care about your investment plans, bills pile up, unexpected expenses and alll.. and if you haven’t set aside a proper emergency fund, you will almost be forced to sell your Bitcoin at the worst possible time…

So many people get wrecked because they did not build that safety net first… It is like trying to swim without a life jacket, eventually, the waves get too rough. Having an emergency fund isn’t about being weak or scared, it is about protecting your future self and your long term goals. When you have that buffer, you can hold your Bitcoin without constantly worrying about what if, and that is when the real thing of holding starts to show….

Honestly, if you want to play the long game with Bitcoin, you gotta have your financial house in order, it is important.. Otherwise, no matter how strong your conviction is, life will find a way to test it, and you don’t want to fail that test just because you didn’t prepare….
Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
kanftka
on 12/08/2025, 06:23:28 UTC
⭐ Merited by JayJuanGee (1)
Considering the history of Bitcoin is very important for new investors, because if they consider history, they will see that many investors who invested patiently and when the price of Bitcoin started increasing from that investment, they still kept their greed behind and remained steadfast in their right decisions, which is why they have been rewarded in the present time, on the other hand, there were many who knew about Bitcoin but did not come forward to invest in Bitcoin, and many others invested but due to their greed they could not bring their investment forward because they might have panicked after seeing the price of Bitcoin fluctuate and sold it, or else they could not control their greed when the price of Bitcoin started increasing, but they are the ones who regret it in the present time because they have got the results of their actions, so it is important for new investors to know and gain experience well about the history of Bitcoin.  If you want to strengthen your investments at the present time, you can use the DCA strategy and do it for a long time, even if your investment is small. By using the DCA strategy, you will get rid of the worries of when to enter or exit the market.
Yea you are right, looking at the historical record of Bitcoin and how it has fought his way up is really going to be encouraging for newbies investors to have more faith and will in investing in Bitcoin but I believe that the best possible way a newbie investors will invest in Bitcoin is having the right knowledge and mindset from the very beginning, that's why it very important on who introduced Bitcoin to you, if you knew about Bitcoin from a trader, their is a higher probability that he might mislead you and you will come with the mindset of buying and selling once it appreciate in value, but if you were introduced to it by a real investor, someone like jayjuangee that has seen it all , someone that knows all it entails to be successful in it, their is a higher probability that you will be successful in your investment because you got into it with the right knowledge.
In essence of what am trying to say is that who introduced an individual to Bitcoin has a major role to play in how the said person goes about his Bitcoin investment.

The history can scare people out of investing into bitcoin, yet it seems that historically, the answer of investing as much as you are able to and attempting to front load your investment have tended to pay off... yet we surely tend to need at least a whole cycle to begin to have some confidence, and also there is likely some value to ongoingly buying rather than just buying once... and so it can be difficult for guys who buy a lot and then the BTC price goes down from the point of their purchase, which I tend to suggest to just keep buying... and so sometimes it can take a whole cycle or longer to really begin to be profitable and then to feel like you have more options, so focusing on levels of profits in less than 4 year timelines seems problematic, and keeping on building and holding bitcoin seems to be  a good strategy for over more than one cycle rather than limiting the timeline to one cycle.

Yeah, I get you completely on this one. Bitcoin history can really make some people second guess themselves, especially when they see those nasty dips after the hype dies down. But like you said, when you put in as much as you can, within reason, and front load early, it has a way of paying off if you give it enough time…. The problem is, most people expect the payoff too soon… One cycle is not always enough for you to build that real confidence, because Bitcoin will test your patience before it rewards you…

I also think your point about ongoing buying is huge.. If someone dumps a lot in at once and the price tanks, it can feel like a punch. But if you keep adding bit by bit through the highs and lows, it smooths things out and keeps your average cost in a safer spot…

And yeah, chasing big profits in less than four years? That is asking for stress. Bitcoin is a long game the real wins come when you hold through multiple cycles, not just one. It is like you said, do not box yourself into a single cycle, let keep stacking and stay patient, and let time do his thing…..
Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
kanftka
on 11/08/2025, 13:12:20 UTC
⭐ Merited by JayJuanGee (1)
This image just tells the whole story without even trying too hard.. So many persons still stuck on I will wait for the perfect entry mindset, they keep saying they will buy when Bitcoin drops to this or that price, but months pass and they are still standing on the same step, watching the market move without them. The funny thing is, even if price actually hits their dream number, most of them still freeze because fear kicks in…. Meanwhile, the person who decided to just buy a little bit consistently, no matter the price, is already halfway up the ladder without stressing over every chart move..

That is the beauty of DCA, you’re not chasing tops or bottoms, you are simply just building….  Some weeks you buy high, some weeks you buy low, but over time it all evens out, and the stack grows quietly in the background. The market timer might get one lucky shot and brag about it, but the DCA guy? He is in the game through every pump, every dip, every sideways chop. And before the timer even takes their second step, the DCA stacker is already miles ahead, and it is simply because they chose consistency…

IMAGE SOURCE
Post
Topic
Board Speculation
Re: Discretionary Income vs Emergency Funds: Why It Matters for Bitcoin Investing
by
kanftka
on 10/08/2025, 13:53:50 UTC
Before diving into Bitcoin, I always set aside some money for an emergency fund, and it's been incredibly helpful and effective when I really need it. We never know what the future holds, when we might run out of money, and having an emergency fund can help us overcome any financial challenges we face.
And after diving into Bitcoin, my long-standing emergency fund plays a crucial role in my investments. I immediately set aside money for my emergency fund after prioritizing Bitcoin purchases upon receiving my paycheck and also prioritizing my basic needs. I always do both simultaneously, but the percentage allocated to my emergency fund is smaller than it is to Bitcoin. Everyone has their own strategy for how long or how many months it takes to build an emergency fund, and for me personally, as long as I can achieve both without sacrificing other needs, I think that's much better. I also plan to use my emergency fund for my child's needs, as he will start school in about a year, and I can use my emergency fund for future needs and beyond as much as possible without having to use Bitcoin prematurely.

Hmm… I feel like there is a bit of a contradiction here... You first mentioned how before diving into Bitcoin, you always set aside some money for an emergency fund, and that it is been incredibly helpful for financial challenges we can not predict, which honestly makes a lot of sense… But then later, you are also talking about using that same emergency fund for your child’s school expenses...

Now, school expenses are not exactly an unexpected emergency, they are more of a planned expense you can anticipate months in advance.. So if you start dipping into the emergency fund for planned costs like school expenses, then you might not have it when a real financial challenge comes knocking…. I am not saying your plan is bad sha, but maybe it would be better to keep the emergency fund strictly for true emergencies, and have a separate future needs fund for things like school expenses and all…
Post
Topic
Board Nigeria (Naija)
Merits 3 from 2 users
Re: Balancing Financial security and Bitcoin Accumulation
by
kanftka
on 09/08/2025, 22:09:55 UTC
⭐ Merited by Mr Reporter (2) ,JayJuanGee (1)
You are very correct sir, bitcoin investment shouldn't be overdo in any way, let your approach in every investment be from your discretionary funds, also avoid being in a competition with anybody in bitcoin accumulations so that you wouldn't start having issues along the line, however always buy (accumulate) or top up your bitcoin portfolio at your convenient time using your discretionary funds, therefore these steps or techniques can trigger success and sustain patients in every bitcoin investment.
Based on the economic situation in Nigeria, it will take lots of sacrifice for a minimum wage earner to have discretionary funds. The cost of living is going high and salaries have not been increased making people spend all they have earned for the month on basic needs.

This is when we need to cut down on expenses that we don't really need. Focus on buying durable items because it will help to save money since they last for a long time. Take advantage of seasonal foods because they are cheaper. Find alternatives to expensive products; there are always cheaper substitutes. Take care of your health to avoid medical expenses due to an unhealthy lifestyle. Investment is important, so there is a need to make some sacrifices.    
Of course, if you don't have any discretionary income, you cannot invest, and if you put money into bitcoin with non-discretionary income you are trading/gambling.  Not investing.

Increasing discretionary income comes from increasing income and/or cutting expenses, and surely there can be some locations in which it is quite difficult to increase income, and sometimes there could be investments into gaining skills and/or education or even getting exposure to higher paying jobs through working on networking or even doing unpaid work in order to get inside some positions that might lead to promotions later down the road.  Some guys might be limited in what they are able to accomplish in a short period, and some guys might be of an age (or health status) where it might not be practical for them to try to pursue certain lines of higher paying work... which sometimes there can also be questions regarding working for someone else versus creating your own business in which sometimes a lot of capital might be required or certain areas of expertise or access to social capital might be needed for certain lines of business.

Yeah, I get what you are saying. If you do not have any extra cash left after taking care of your needs, then you really have no business investing, because at that point it is not investment, it is straight up gambling with money you can not afford to lose…. The real play is to find a way to create more breathing room in your finances, either by earning more or cutting back on things you can live without.

The thing is, in some places, that is way easier said than done. Jobs might be scarce, pay might be low, and expenses just keep climbing….  Sometimes the smart move is to focus on yourself first, pick up skills, engage in other small jobs, take training, reason is just to get extra income and a shot at something better….  It might not be instant, but it will pay off long term….
Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
kanftka
on 09/08/2025, 00:04:31 UTC
⭐ Merited by Qhunman (2)
do you know what else is a digital asset, the so called shit coin, NFTs, gift cards, shares and bonds,
Bond is not a digital asset and not a cryptocurrency. Bond is a fixed income asset or debt security and are manage by a third party because bond is a traditional thing. Bonds has a fixed return why bitcoin doesn't have a fixed return because of her volatile nature as the price increases overtime. It's good that we make research before giving out wrong information so that you don't mislead newbies like you.
Well explained and said

But we can't just say Bitcoin is the only thing out there, we have Etherum, which is like the mother of crypto currency, she birthed so many new Blockchain technologies, in fact, she made Blockchain technology very popular, I'd love to call binance but it is not as decentralized as I'd like, but it is still something.

If you want, you can consider shitcoins like Ethereum and/or Binance coins as if they were adding value or contributing something, but they are not.  There is nothing unique about either of them that cannot be imitated by some other project, so neither of them is adding anything of value.  Sure, ethereum might have had one thing going for it prior to it's transitioning from proof of work to proof of stake, but they were too retarded to understand their earlier proof of work status as being potentially valuable, even though they still suffered (and continue to suffer) from the problem of pre-mining without having any way to verify either how many coins were initially issued and/or how many currently exist.  So in those regards, I have difficulties appreciating how ethereum is providing any value from the mere fact that they had made systems in which anyone and his dog can spring up some shitcoin with little to no effort.. Difficult to know how any of that is adding much if any value without a secure base layer, which bitcoin has the most secure base layer of any of the systems, so ethereum and all of the other shitcoins, both rely on bitcoin for their own security layer and they even affinity scam to suggest that they are like bitcoin and/or better than bitcoin, even though without bitcoin (or something  like bitcoin upon which to secure themselves) they would have not way of surviving or being allowed to survive.

OsaiEmma TBH, I think Ethereum gets way more praise than it actually deserves. Yeah, it made it easy for anyone to launch a token, but that is also why the space is flooded with shit coins that do not last beyond one hype cycle. Being popular does not always mean you are adding real value, sometimes it just means you are making more noise...

From how I see it, if the foundation is not solid and secure, all those so called innovations (shit coins) are just built on shaky ground. Bitcoin’s edge has always been that it is proven, decentralized, and secured in a way no other chain has pulled off. Most of these other chains still end up leaning on Bitcoin’s reputation or its network effect just to look serious...

it is clear Ethereum jst opened the door to endless empty promises. When you strip away the hype and look at what is truly built to last, the list gets real short and Bitcoin is still at the very top....
Post
Topic
Board Speculation
Re: Discretionary Income vs Emergency Funds: Why It Matters for Bitcoin Investing
by
kanftka
on 08/08/2025, 23:03:48 UTC
I don't know, maybe it's because I've known both concepts for a long time, but what the OP says seems so logical to me that I find it almost banal. It's like if you want to fry something, you have to add the oil or butter first, not after. It's true that when you start investing, if you don't have an emergency fund built up and good budgeting experience, you may be tempted to dip into your emergency fund to invest more from the outset. But over time, you learn that slow and steady wins the race.


TBH, Don Pedro Dinero, I feel you on this, for people who already understand how to handle money, it does sound like plain common sense. But in reality, I have noticed a lot of new Bitcoin investors still mix the two up, and that is where problems start fr... Guys still jump in excited to buy the dip without having a proper safety net, and it all looks fine until life throws a curveball, maybe the car breaks down, medical bills show up, or some urgent expense pops up, and they end up selling at the worst time...

That is why I think keeping discretionary income and emergency funds separate is not just about discipline, it is about peace of mind. You can hold your stack without worrying about where money will come from when something unexpected happens. Even if Bitcoin takes a sharp drop, you are not running around looking for quick cash or regretting your moves...  Like you said, slow and steady wins, i will add slow and steady only works if the steady part is not constantly under threat....