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Showing 20 of 1,828 results by laijsica
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Board Trading Discussion
Re: Did you know that most traders have good trading strategy?
by
laijsica
on 24/07/2025, 05:51:07 UTC
You are right, @op. People keep changing strategies because they are trying by all means to avoid losses, which is quite impossible. Trading requires consistency in addition to the skills and knowledge already acquired. No matter how good a strategy may be, there will still be some bad days when losses are unavoidable.

For those who are still trying to find the best strategy to minimize their risks and maximise profits, they can start with a small capital. Then, over time, when they find what works for them, they can scale up.

Changing strategy will never make you a profitable trader, it is just like one who happens to be jack of all trades and master of none. Keeping up with one strategy is the best and when you stick to it, you can make it in trading faster because you get to master the skills more and more. Learning makes perfect and when you’re perfect at it, it becomes stick to you and a knowledge you can never do without. Sticking to one strategy is what most profitable traders are onto and they’ve made it far while using that one strategy. This gives you ample time to become better and become better in your trading. One strategy is enough to be a profitable trader.
In trading, you have to accept that you have to change your strategy because you cannot keep up with the changing market system by applying the same strategy. For example, you may want to buy a currency and you see its future prospects very good, but you are very afraid of losing your capital, in that case, you have to think about what decision you will make and if you follow the process with which you are familiar, you will not be able to apply your capital correctly. The reason for this is that your capital will be in a very risky state and you have to analyze the amount of capital you will apply and what will be the period and you have to change your strategy. To be successful in trading, you have to apply different strategies according to the coins and change the holding period of these currencies at different times.
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Topic
Board Economics
Re: 11 more countries just joined BRICS this week
by
laijsica
on 24/07/2025, 05:32:53 UTC
I personally think China will eventually leave BRICS. It’ll be really interesting to see what’s left of this bloc if that happens.
A coalition of countries has been formed, each with a dictatorship and a simply terrible regime of human existence. There are no rights or freedoms. The most nightmarish regimes have decided to announce themselves to the whole world, designating themselves as shitty states. They have shown everyone an example of what not to do in the modern world.

So what will come out of this union? Where is at least some result of their cooperation? They still buy goods for dollars, don't they? So many years have passed since their creation, but they are still marking time. And why? Because each usurper is pulling the blanket over himself.
You are right that the leaders of those countries are trying to hold on to power with their dictatorial methods and are imposing their exclusive power on the people. The most interesting thing is that they are still buying and selling in dollars and have not yet secured a strong position in alternative currencies. Yes, they are trying systematically to trade among themselves and have started on a small scale, but this cannot provide any solution to the limitations of other alliance countries. If America imposes more tariffs on other weak countries, a terrible situation may arise for the people of their countries. Manufacturing factories will close, thousands of people will be unemployed and start becoming poor.

Alliance formation and alternative policies have not yet seen the light of day. The main reason for this is that Trump's trade and tariff policy amendments and their implementation will further paralyze those countries. Underdeveloped countries will not want to take a strong position against strong countries.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
laijsica
on 24/07/2025, 05:14:43 UTC
You should never think about ten years ago because at that time, risk could only bring success,

This makes little sense.  10 years ago there were similar kinds of concerns as there are now, yet we can see after the fact that investing into bitcoin ended up paying off quite well including that the more aggressively anyone invested into bitcoin (without overdoing it) then the better the payoff. 

Personally, I think that similar kinds of underlying principles continue to exist in regards to the more aggressive anyone invest into bitcoin (without over doing it) the likely better will be the future payoffs, 4-10 years or longer down the road.

It is also likely the slope of the upward curve is not going to be as steep into the next 10 years as it had been in the past 10 years, yet these days, the downside risk of the next 10 years seems to be less extreme, too.  When governments and large financial institutions are jumping onboard, it becomes harder to reverse courses... .not impossible to reverse but there is a certain value in the Lindy Effects that are created with bitcoin being in existence longer and seeming to ongoingly becoming stronger and stronger and stronger.

Same way most people who recently began investing are wishing they started 10 years ago is the same way people who are still procrastinating now would wish they started earlier too in 10 years upwards, if you take a look at the figures you'll see that it's still earliy compared to what we all hope it would be like in the next time years, if they picture bitcoin at $1m or above in 10 years from now then the investor who started recently would stop wishing they invested in the past but take their current investment seriously.

 You'll hear people say it's not too late and they're right afterall cause if one could start now an hold till 10 years time when bitcoin probably gets past $1m then they won't even feel they missed the opportunity earlier investors of about 2011 to 2020 had cause they too would've made lots of profits in 10 years from now whether they're very aggressive with their investment or not.

I completely agree with you. Most people think that the value will DIP and then they will buy. I think the value that Bitcoin has now is in the DIP end.. because it doesn't seem like it will drop any further. Bitcoin may reach a price around 150k in the next 4 to 5 months. Those who start investing then will think that if they had started 4 months ago, they would have definitely made more profit. Actually, it's true that you have to think about a lot of things before making a decision. but if he will think that he will invest if the price of Bitcoin drops, they will not be able to continue investing for 4 to 10 years according to the DCA method. When the price increases significantly, they will sell their BTC. But if you invest patiently for 10 years or so, the profit would be much higher. Investing in BTC using the DCA method is much more profitable than any other investment. Now, more important than how much money he starts investing with or how much BTC he buys and starts HODLing is how early he decides to start investing in BTC and how long he will continue investing for. I think that every moment is the right time to invest in Bitcoin. As the days pass, the more profits we will lose.

I agree with you buddy, the way Bitcoin is moving I am also having this thought that it may not go below $100k because it is far above that price now but who knows, Bitcoin is a very volatile asset so it is possible for it to go below $100k and it is also possible for it not to go below because volatility doesn't just mean Dip alone but uptrend too. Bitcoin hitting $150k in the next 4-5 months seems possible because of the potential but I think it look somehow like over speculation or over hype but like I said it is possible and it is even possible for Bitcoin to cross that price but it would make more sense if we are investing and not just speculating.
No mate, this is not about excessive speculation. Many of us cannot settle with reality because we lack confidence and we prefer to think negatively. Yes, the price of Bitcoin may experience a lot of dumping and oppositely. If you think negatively it may reach the $100k level. If this happens then you should consider it as another opportunity for you to buy in large quantities. But the pattern of Bitcoin is to buy regularly for two or more cycles of DCA method of accumulation. No matter how Bitcoin price levels affect you you should have a plan to buy regardless of the price and if you do not want to believe in excessive speculation, you should continue to strive to increase your Bitcoin holdings.
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Topic
Board Gambling discussion
Re: Which is more regrettable?
by
laijsica
on 24/07/2025, 04:55:59 UTC
Basically, would you rather bet on the same thing again and again then regret not exploring more or explore different kinds of bets then miss out on a win?

i'm not the type of gambler who likes to bet on the same thing over and over again. i prefer to explore more opportunities than to stick with just one choice. whether i ultimately hit the jackpot or not, i just let my luck do the work. the important thing is that i only bet on numbers that i think have a chance of winning... and even if they don't hit the jackpot, i just let it be, and then bet on other numbers the next day.

At the end of the day it's all about getting lucky, there are gamblers that focus on just the same pattern and they keep repeating it then there also gamblers like yourself that changes the games they gamble on, sometimes exploring can lead you to something profitable. Whichever pattern you decide to follow the most important thing is risk management, this is what is going to reduce the losses you incur
As you said at the end of the day it's all about luck. So risk management doesn't always work properly and things can get to a point where you are tempted to keep gambling more and more. That's why you risk getting addicted and becoming more desperate to win. I have tried to change my gambling pattern time and again but it may not be easy to give up the actual habit because you never want to go against your mind. Yes I agree with you that sometimes exploring something new can lead to profit but in gambling it doesn't always give good results that's why I adjust my win or loss statistics use experience for positive results but at the end of the day we have to look at luck.
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Board Gambling discussion
Re: When gambling what do you measure? Luck or chances?
by
laijsica
on 24/07/2025, 04:43:26 UTC
Slot games are good for testing luck and I like to play them but I don't play them regularly. I feel more comfortable betting on sports because I try to be a little knowledgeable about those teams and spend time there. Even if I don't get the benefits I want, those bets don't disappoint me.

Some gamblers may be random and they bet on games to test their luck but those gamblers should choose slot games to test their luck. There is an advantage in being a gambler in small chances because they can gamble easily and affordably and gain experience. Even if every stage of losing or winning does not meet their expectations, through experience, they can develop themselves into mature gamblers.
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Board Speculation
Re: Buy the DIP, and HODL!
by
laijsica
on 23/07/2025, 05:19:23 UTC
The lure of shitcoins can often seem very real and believable — the promise of profit, new technology, or the success stories of a particular investor — and can easily entice any of us. But Bitcoin is the product of patience, market research, and self-discipline. We can help them with information, experience, and empathy. Everyone learns at a different pace, and while some get there quickly, many learn through mistakes and experience.
Just as getting rich suddenly can lead you in different directions, if you want to reach the top without going through the patience stage, then it is the wrong strategy. Shitcoins are advertised as a get rich quick scheme and many newbies take their advice but after reaching a certain point, they realize their mistake and withdraw from there. In the meantime they have increased the flow of that destined shitcoins but most traders have left themselves in losses.

Giving in to temptation is equivalent to putting yourself in a long-term financially damaging situation. The stability of what you achieve by being patient will be long-term and sustainable. By doing Bitcoin in the DCA method, you will be able to continue for the long term without the need for much market analysis. Setting up a mental preparation through only discretionary income which will continue to positively influence you towards Bitcoin accumulation regardless of the price. Accumulation Bitcoin every week will increase your holdings and you will reach a financially sustainable position.
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Board Nigeria (Naija)
Re: Trading psychology
by
laijsica
on 23/07/2025, 04:48:38 UTC
Psychology is a crucial aspect of trading and I think it's important for traders to study this as a course before they think of trading... psychology involves a lot, emotional discipline, mental focus and a whole lot of things included.. building a strong mindset is important if you really want to make progress when it comes to trading, the reason why people do revenge trading is because they can't control their emotions
In trading, taking vindictive decisions is not really logical because you can never win the war with those robots or market conditions. Patience is the biggest revenge. You can lose your money in trading and you can also make profit here you have to take a stand against being mentally weak. I have tried to read the mentality of those short-term traders who show instability to sell when they get a very small amount of profit and spend time trading with small amounts of money. Yes, they gain extensive knowledge about the market but the instability of losing money makes them mentally weak.

Psychology is an important element in every stage of life, you cannot improve overall without its proper application. Starting from financial matters, you should be set to make stable decisions in every place. If we use psychology in trading in daily work, it can take you to a stable mental level and you will not show instability to buy any coins and sell it and will not put many eggs in one pot.
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Board Gambling discussion
Re: T20 and T20I cricket prediction and discussion
by
laijsica
on 23/07/2025, 02:34:19 UTC
Bangladesh won the match but the margin was small. Bangladesh was losing wickets from the start but in between Jaker Ali and Mahedi Hasan both played relatively big innings due to which it was possible to make the total score 134. Later, when Pakistan came to bat, they also started losing wickets in the same way. Although Faheem Ashraf scored a half-century, others did not contribute much due to which Pakistan had to lose the match by a few runs. If they had wickets, then it would not have been difficult to win this match because the score was small but Pakistan's weakness was that they could not keep wickets.
That cricket match was real close call where both teams struggled to score runs. Bangladesh started poorly but Jaker Ali and Mahedi Hasan played key innings helping them reach 133. Pakistan then also lost wickets quickly and even though Faheem Ashraf scored great half century others did not help enough. Pakistan lost by small margin because they could not keep enough wickets showing how important it is to have batsmen staying in game especially when chasing small total.
I thought Pakistan would win the second match as they started well and were able to put Bangladesh batsmen under pressure with controlled bowling from the start. The top order batsmen did not score much and there were fears that they might lose all their wickets in a very short span of time but Jaker Ali made 55 off 48 balls and Mahedi Hasan made 33 off 25 balls to take the team to 133. While this was not a big score for the match, the Pakistan batsmen failed miserably and four batsmen were dismissed for 0 runs in the match. And three batsmen could not cross single digit runs. This was a match that should have been won for Pakistan and Khushdil Shah fought hard for the win but they lost by a very small margin.
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Board Gambling discussion
Re: How do you handle losses?
by
laijsica
on 23/07/2025, 02:17:40 UTC
Losses are inevitable in gambling and the fact is that, you will always lose more than you win in the long run.
That is the reason why we must play in a very controlled way with our money, some players not only limit their money when betting, but also the time, playing in short periods with Controlled money I think makes us more efficient when playing, because in the long term what will come are the losses.

I totally agree with you. Both money and time should be limited while gambling because you will see some gamblers attitude that if they have money in their wallet, they will keep tempting themselves to play more. When they are winning, they become more aggressive to win more. They forget that they are going to lose in the next bet. When they start losing regularly, they become more aggressive to win back their lost money because they cannot accept losses.

Controlled gambling will lead you to slow down and plan your gambling decisions. You will be able to control yourself by having a natural attitude of accepting losses and keeping a limited amount of money. This method will also make you skilled at gambling because you will get used to using limited money properly.
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Board Gambling discussion
Re: Why some countries gamble more than the others?
by
laijsica
on 23/07/2025, 02:01:22 UTC
I don't know how true and effective the Gamblers Protection Act is, but it does not provide incentives to gamblers in developed countries after they lose. That's why you have to take responsibility for yourself and limit the time you play. You can't keep those rich gamblers in gambling with a rigid framework where they spend huge amounts of money on gambling. They use gambling as much for entertainment as for earning.

A gambler's good financial situation can also lead to addiction because having floating cash funds makes him gamble aggressively and spend more time and become addicted. However, the expectation is that you will be fair with your hard-earned money most of the time because you don't want to spend that money excessively.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
laijsica
on 22/07/2025, 03:32:57 UTC
money to buy BTC.
You can invest your entire discretionary income if you want. But it would be better for an investor to invest 25% of his discretionary income. If a person uses 25% of his discretionary income, then he can build an emergency fund with the remaining 75% and if the emergency fund is ready, then he can keep that money with him and when he sees a decline in the market, he can buy aggressively.

I think that with time an investor does everything. Maybe a new person may not do this, he may not be aware of this. But a person who has been investing for some time may set aside money to buy aggressively. Because he knows how to use the decline.

Older investors often don't take advantage of price drops if they want to buy Bitcoin more aggressively, although they don't dismiss them as a good opportunity for those who haven't been afraid to buy without the market dropping. And such investors are usually not afraid to use half of their income to buy Bitcoin because they can still manage their lives with the remaining half. Therefore, this will never be the same for one person as the mentality and courage to buy assets like Bitcoin always differ from person to person.

Furthermore, there are differences in income levels among individuals, and this can influence how they use their money to buy Bitcoin more aggressively on a regular basis and less focused on price declines in the market. So, I'm not at all surprised to see investors who invest half their income in Bitcoin every week . Even though they are still concerned about their own livelihood and emergencies, their courage in regularly investing half their income every week is truly admirable.
It's your discretionary income that you are to use to invest in bitcoin and not your income, because if you use half of your income to invest, what if you are unable to meet up with your basic needs and monthly expenses. It means that you have to sell back the bitcoin that you bought which you can run at loss when selling.

After receiving income and have deducted the money for your monthly expenses and basic needs, the leftover is what you can use part of it to invest in bitcoin through DCA for regular weekly purchases. However, nobody is in the position to tell anyone how much of his discretionary income that he should use to invest in bitcoin. We all know our own financial situation playing around us and our different decisions and target in our long-term bitcoin accumulation journey, therefore, we are in the right position to choose how much from our discretionary income that will can use to invest in bitcoin to keep our accumulation ongoing for 4-10 years and above.

The most important thing is that you shouldn't use an amount that will make you sell your bitcoin before your own time or something that will make use regret in the future for the wrong actions taken.
a lot of people still don't understand that the money that they are suppose to invest in bitcoin is their discretionary income, the left over money after they must have settle their basic needs and expenses either for the week or for month. Any investor that fails to invest only his or her discretionary income is investing wrongly, which things many not end well for the investor. Immediately your income comes in the first thing you are suppose to do is to settle your basic needs and expenses, then after that the left over money is the you will use to invest in bitcoin, and from the same left over money you allocate money to your emergency fund and backup fund.
Therefore, it is generally advised for newbies who are still struggling to invest only money that remains after paying for necessities because, based on my observations, some novice investors truly have the wrong mindset. They should make sure they take care of their basic needs and expenses before investing in Bitcoin because this can lead to unclear misunderstandings after the investment has been made. In actuality, they could have misjudged the window of opportunity to recoup the gains, which might have been too short.  To avoid such blunders, it is therefore important to acquire a fundamental understanding prior to investing in Bitcoin.
Yes, if you think that after meeting your daily needs, you have very little discretionary income that is not enough to accumulate Bitcoin, then you have to struggle not to spend more than $5 extra, such as checking more and buying less expensive things or smoking less cigarettes, etc. You have to be financially independent through hard work at work place, so you should make efforts to increase alternative income. Time and age never wait for your. You have to find the good time and achieve financial stability. Your sole effort is to ensure the right use of time and age. By accumulation Bitcoin every week/month through discretionary income to become financially independent. Regardless of the any accumulate amount you should continue your efforts and increase your Bitcoin holdings.
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Board Gambling discussion
Re: Have you been addicted to gambling in the past.
by
laijsica
on 22/07/2025, 03:06:04 UTC
I think most new gamblers are at risk of becoming addicted when they start. The early days of gambling are very immature and they spend a lot of time gambling. I used to gamble all night long and I experienced both winning and losing. That experience still inspires me about gambling and it was a adventure feeling. I was addicted for a while and spent a lot of time but I didn't have enough money so I stopped gambling. That was a stage of my apprenticeship. Over time as I entered a job and became established by earning money, I became attracted to gambling again and I am determined to continue it in moderation because I have passed the period of previous addiction.
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Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
laijsica
on 22/07/2025, 02:43:53 UTC
⭐ Merited by JayJuanGee (1)
Waiting for perfect knowledge before starting usually leads to missed opportunities. Bitcoin rewards action paired with discipline, not perfection. Starting with what you understand and building knowledge along the way while managing your finances wisely is the real strategy........Discretionary income, no matter how small, is all you need to begin the journey. Learn as you go, accumulate steadily, and grow into the investor you aim to become.

This is the mistake most people make  they think before starting an investment they have to know everything and have their discretionary filled up with money but that is not true because after some time they will realize they have be wasting there time. Knowledge is something one will learn as they progresses in their  buying and holding and the funds is also something one will be hustling and gathering. Lastly, investor ought to understand their goal and work towards it because a person without a goal is already lost.

Any thing that has to do with bitcoin one needs to be extremely careful because it is an investment you are expecting a reward at the end, which is while you need a full knowledge and not a perfect knowledge because no one perfect by making inquiry and consultation from a higher or an experienced personel before making a bitcoin investment; remember if you are not informed automatically you are deformed, so you need to be careful because lies your fate: fate of success and failures. Investment without full knowledge and understanding can cause some disappointment when it fails, so you need to know every thing concerning your investment so that whether good or bad it will never be like a dream to you.
No mate you don't have to be a complete knowledge to start Bitcoin. If you are fundamentally knowledgeable then you will be suitable for investment. Some may wait to become a complete knowledge but it's not the fair decision. The process of investing in Bitcoin in the DCA method is much easier. As a beginner, you should focus on becoming knowledgeable about Bitcoin market analysis and investment strategies and regularly accumulation Bitcoin from discretionary income. In this strategy, as small fractions are regularly deposited in the portfolio, you will gradually be informed about the investment strategy and how Bitcoin works. The process of investing in Bitcoin in the DCA method is much easier. In fact, by accumulation in Bitcoin continuously for 2-3 cycles you can achieve complete success as an investor.

You don't have to be perfect to invest in Bitcoin. A source of discretionary income and mental preparation for the long term. That is why you will have to collect ancillary elements gradually such as multiple sources of fixed and alternative income, backup funds and floating cash funds. Waiting for complete knowledge can take forever in Bitcoin investing because there is no limit of acquire knowledge you can.
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Board Gambling discussion
Re: How can you enjoy the game when you are losing?
by
laijsica
on 21/07/2025, 04:18:42 UTC
I also thought the same way you expressed your attitude, even though I did not start gambling, I joined the gambling community. The main reason for this may be intrinsic or extrinsic, but overall I think gambling is for enjoyment and the desire to win. You will not feel any fun in free bets as you do in exchange for money. Whether you win or lose, waiting for the result or mentally putting yourself in an undesirable situation can be thrilling every time through gambling.

You are right that most gamblers do not play for the purpose of research, they play randomly. They do not have much of an attitude to gain experience because they believe that gambling is a game of luck and research may be a waste of time. But they are immersed in mistakes. There will be losses in the game for the enjoyment of gambling and there will be a desire to win. If you keep winning alone, you will not get the real taste of gambling.
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Board Gambling discussion
Re: How quickly do you forget a loss
by
laijsica
on 21/07/2025, 03:25:56 UTC
If I express my opinion simply, the thing is that if I lose a lot in gambling, it makes me feel disgusted and painful, but if I win one of them that disgust has the opposite effect. That means I feel happy and want to forget about the loss, so we keep motivating ourselves to gamble more and expect more wins. In painful losses, gamblers expect to continue playing aggressively and this kind of tendency can make them addicted. So chasing after losses is not right for gamblers because in gambling, losing is a sure thing and the chances of winning are very low. If I lose five bets and win one of them then the pain of the previous loss is largely removed and it is entertainment.
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Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
laijsica
on 21/07/2025, 02:56:35 UTC
It is problematic for a person to believe that he can sell bitcoin and buy back cheaper rather than just accumulating bitcoin on a regular basis through buying only.
The thing there is those guys who believe that they can sell their bitcoin investment and buy back cheap are just funny guys who still lack knowledge and understanding about bitcoin investment, because bitcoin investment doesn't work that way. It Will be better they keep accumulating bitcoin on a regular basis through buy only and hold than even thinking of selling to buy back cheap. selling their bitcoin investment to buy back cheap is just another Risk on it own, why because bitcoin may end up not dipping to the extend they are expecting it to dip in other for them to buy back cheap, which they will still end up buying back bitcoin at a higher price and still end up regretting why they even sold their bitcoin investment in the first place.
Those who made such error were not being fair to themselves and were dangerous traders. Bitcoin is an ideal investment for long-term. If you start with this idea and continue with it regularly through discretionary income you will be able to treat your capital appropriately. This is a usual error for new traders but in any equation of market price situation, the seeds of a solution have to be sown in Bitcoin regularly. If proper care is taken at the time of formation of a tree and if its foundation is strong, then the desired results can be expected from that tree in the future. Therefore Bitcoin accumulation you should take care to grow your portfolio every cycle such that the foundation is discretionary income and the source of long-term care is regular accumulation and maintaining a consistent amount of backup fund/floating cash. Having a suitable amount of floating cash is a massive way to Bitcoin front load and more holdings in the portfolio in the future.
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Board Gambling discussion
Re: When you're winning you can't sleep
by
laijsica
on 20/07/2025, 05:45:58 UTC
It is true that gambling sometimes acts like a drug. For those times when your chances of winning are very high and your expectations are high. I once bet $200 and my chances of winning were very high so I was excited for the moment of the result. Yes it was a big amount for me to bet so I was more emotional and afraid of losing at the same time I had trouble sleeping for the moment of winning.

I think this is because new gamblers are mentally unstable because of the high risk of losing money. However, this is a natural process that over time the mental instability will decrease and the win/loss will continue to run in a normal rhythm every moment. That is why excessive expectations while gambling are harmful for a gambler because the number of losses is more than the number of wins in gambling statistics and you should always be prepared to lose yourself.
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Board Nigeria (Naija)
Re: Know when to pause as a trader
by
laijsica
on 20/07/2025, 05:25:31 UTC
Ask yourself what kind of reaction you get from the market movement and if it is in your favor then you may be eligible for trading. If you can prepare yourself for more buying in the midst of a positive market reaction then you may be a brave trader. What kind of reaction occurs after losing capital or making a profit and how much you are ready to lose the amount you have invested. Trading is a brave game you have to prepare yourself with experience and market conditions. You should keep the amount of floating cash for buying at any time. You should be ready to buy when the price decreases.

Even if you face losses in trading, you need to continue buying regularly. This is because regular buying will continue to reduce the UP in the portfolio and this is a great strategy. Taking a break can be more harmful for trading. Almost all traders have the expectation of more profit so do not make yourself greedy. As a new trader try to understand the market situation by accumulation slowly and avoid buying lump sum.

In conclusion, it is worth recommending that one should not be influenced by others before making a buying based on the assumption of future price increases but should make a decision based on one's own judgment and research.
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Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
laijsica
on 19/07/2025, 11:45:19 UTC
You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.
I agree with you, one of the most important things in Bitcoin investment is to invest with financial balance, if you invest aggressively, an investor will panic very easily, because when the market is down, that person will not only suffer from mental stress, but he may also make any wrong decision due to excessive panic. But if he continuously invests in Bitcoin through DCA, he will never panic during volatility, because he is increasing his Bitcoin holding at an average price through continuous purchases, so volatility will never scare him too much. So, before investing, you need to know about these volatility issues, and instead of deciding to invest aggressively, deposit Bitcoin in DCA through prudent income, and keep emergency funds ready to protect the investment in the long term.
If to invest aggressively will make you panic when there's a dip, it means that you shouldn't invest aggressively but use the amount of money from your discretionary income that will keep your mind at rest if there's a dip or not  for your weekly DCA . It's better to use small amount to buy gradually every week 4-10 years and above and be consistent with it than buying with an amount that will make you panic and sell before your desired time.

Buying aggressively is good when you have the money to do so, because it will help you increase your bitcoin portfolio in a fast pace but let it be within your discretionary income, if you invest buy aggressively with money that's beyond your discretionary income, you are gambling and will sell your bitcoin at loss, especially when the price of bitcoin is below your entry point.


I mean the basic purpose of investment is to get something going (interest) and one mustn't force their way especially when you feel the market is at advantage to you and you think you desperately need to buy big since the price is in favour because of maybe a dip in price, but doing that will just give you restlessness since it's out of discretionary income and anything that's out of your comfort zone in terms of investment is actually a really bad idea and going slow and steady would be the best option just as advice but the issue with most persons is that they lack to have patience and control which can make due to decision making results.
You're right, the sole purpose of starting a bitcoin investment is to make profits and offcourse there are process that must be followed step by step to actualize that purpose as results in bitcoin doesn't happens overnight but in years specifically.   When it comes to accumulating of bitcoin,it should only be done only within our discretional income and not outside of it. We re also expected to buy when our discretional income is ready but buying & investing outside of our discretional income is over-stretching oneself financially which is inappropriate. Investing within our financial limits and not overdoing it goes a long way and would bring about a positive impact on our bitcoin investment.
Even if the goal is to make a profit, we have to be prepared for all the steps that you have to go through. Among these, as you said, accumulation through discretionary income there are other things like emergency funds, above all patience is needed so that you can sustain yourself with investments in the long term. Yes, for regular accumulation it is more important for us to have only discretionary income arrangements. If you get bearish on the even of a regular Bitcoin run, you can buy aggressively but this does not always happen. If it happens to us occasionally it is necessary to have a floating fund along with a backup fund to ensure proper use of that time. Because buying Bitcoin occasionally in aggressive for 4-10 years can get a long way towards increasing the size of the portfolio.In addition to long-term Bitcoin occasional aggressive purchases help grow your portfolio, making it easier to make profits.
Post
Topic
Board Gambling discussion
Re: Drinking vs Gambling
by
laijsica
on 18/07/2025, 02:46:50 UTC
Both can be dangerous for a human being. If you get addicted to alcohol, your health will be at risk, same like if you get addicted into gambling, your mental, emotional and financial health will also be at risk. As much as possible, alcohol and gambling should be dealt responsibly.

However, it’s undeniable that there is greater disadvantage if you fall into gambling addiction. Not only you will make your life miserable, but you also become a problem to the people around you, and for that you are also making their lives miserable as well.
You are right that gambling and drinking alcohol are equally harmful to people. Both of these harm us physically and financially and have a negative impact on society and family. Being addicted to these two mediums to reduce your wealth leads to inevitable destruction. I think drinking alcohol is more harmful than gambling because drinking alcohol harms you physically and financially. In gambling, you have a higher chance of losing money but at the same time you have a higher chance of winning. Try to control yourself and take patience to prevent gambling addiction.