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Author Topic: Buy Buy Buy or Sell Sell Sell?  (Read 102344 times)
Raflesia
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December 12, 2024, 05:45:31 PM
Merited by JayJuanGee (1)
 #2401


I will define poverty as the state of discomfort either financially, mentally etc. There’s no point arguing who’s more suitable to invest or who should invest rather people of such category have their choice. If such person is ignorant about bitcoin investment it’s totally different compared to others who are knowledgeable about bitcoin investment, some of the responsibilities a lot of people face is enough to drain their financial status after receiving payment for work done. So in such situation should we measure our investment plans same as theirs? Definitely no, everyone plans varies likewise my choice when it comes to investing perhaps I might prefer another strategy while yours might be different. If anyone is not financially capable to invest I will advice they work towards a different angle that can enable a healthy investment for the long run.
The truth is that for now we don't have to question who is suitable for investing because in the end it doesn't matter whether male or female, young or old, rich or poor all have control and are free if they want to invest and the difference in this case is someone's desire to invest and who can manage their finances well then all can invest.

But what distinguishes in this case is the size because surely not everyone can invest the same because of the financial conditions they have but this is also not a problem because in the end all invest according to their abilities. So in the end we don't need to judge that certain groups can only invest because in the end it all depends on their respective choices and we cannot intervene in what they do because whether they want to invest or not depends on their willingness if they want to invest no matter how poor they are that is a good thing and when they don't want to invest no matter how rich we cannot judge that person just because their choices are different.

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December 12, 2024, 07:32:39 PM
 #2402

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.











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$crypto$
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December 12, 2024, 07:54:08 PM
 #2403

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.
If the goal is for the long term then there is no need to worry about the price of $100K above continue to buy maybe now think bitcoin is high but in the future this price will be too low because we know every bitcoin cycle has a significant increase let alone can pass several cycles then it will be a noble goal where they are able to survive in more than 10 years of regular purchases.

Next year there will be more positive news about bitcoin with news where bitcoin as a reserve fund to consider, continue to see news about Microsoft who is considering investing in bitcoin (but don't know the follow-up news) even if bitcoin continues to rise maybe I will continue to make regular purchases until its time.

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Tonimez
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December 12, 2024, 08:08:47 PM
 #2404

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.
If the goal is for the long term then there is no need to worry about the price of $100K above continue to buy maybe now think bitcoin is high but in the future this price will be too low because we know every bitcoin cycle has a significant increase let alone can pass several cycles then it will be a noble goal where they are able to survive in more than 10 years of regular purchases.

Next year there will be more positive news about bitcoin with news where bitcoin as a reserve fund to consider, continue to see news about Microsoft who is considering investing in bitcoin (but don't know the follow-up news) even if bitcoin continues to rise maybe I will continue to make regular purchases until its time.
I completely agree with you $Crypto$ on this. There's a large prospects about bitcoin starting from next year as Russia has also declared interest in venturing into Bitcoin accumulation alongside the United States. If this comes to be, bitcoin investors are definitely going to smile sooner than expected. However, if all their speculations are political, it still doesn't undermine the credibility of long-term holding. Bitcoin has a limited supply which is one reason it's investment remains an all time asset. Buying is not limited or determined by current price. But the hope for the future is the driving force and one has to keep buying even now.

Btcdeybodi
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December 12, 2024, 11:50:20 PM
Merited by JayJuanGee (1)
 #2405

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.

I think you can just be straight forward and advice people to buy more bitcoins than talking about what the price might become if peradventure, the United States adopt bitcoin as strategic reserve asset. I mean who cares if they adopt it or not? Why do i have this feelings that people are now seeing bitcoin as a political currency whereby the policies that would be made by the government is what will determine it's price movement. Bitcoin is far from being manipulated by the government. Let us not be deceived, forget about what anyone says about bitcoin or what policies that will favor bitcoin or not, all we should just do is to accumulate till we have gotten enough bitcoins in our custody. $100k is not the peak of bitcoin so are still going to see it break more ATH very soon. Inasmuch as you are a long term hodler, there's so many opportunities that you will meet at some point in your investment journey.

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December 13, 2024, 04:10:58 AM
Merited by JayJuanGee (1)
 #2406

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.

I think you can just be straight forward and advice people to buy more bitcoins than talking about what the price might become if peradventure, the United States adopt bitcoin as strategic reserve asset. I mean who cares if they adopt it or not? Why do i have this feelings that people are now seeing bitcoin as a political currency whereby the policies that would be made by the government is what will determine it's price movement. Bitcoin is far from being manipulated by the government.
Sorry if I may have intrude into your conversation, but I don't think Moreno is wrong in his explanation. His words are a motivation for people to accumulate  more now because bitcoin will increase sooner. Even as we believe in bitcoin we can't deny the fact that politics don't have a role to play in bitcoin growth.  Bitcoin may take time to grow but there are scinero that occurs making bitcoin grow faster and politics is one of them. El Salvador make bitcoin there legal tender and it has increased bitcoin growth and many has followed suit in adoption. ETF approval is it not political decision?  Speculation of Trump win to make bitcoin a reserved asset  made bitcoin expirence a surge in price due to his promises,  isn't it under politics?  The summary of the whole matter is that many people are beginning to adopt bitcoin both the fans of Trump and the fans of microstrategy. In however way people chose to adopt bitcoin weather from political speculation or economics speculation or whatever system that motivates people to invest in bitcoin is also a factor of bitcoin Growth.  Bitcoin doesn't grow on its own it is determinedby deman and supply and don't also forget that rumor and speculation is also a factor.

Let us not be deceived, forget about what anyone says about bitcoin or what policies that will favor bitcoin or not, all we should just do is to accumulate till we have gotten enough bitcoins in our custody. $100k is not the peak of bitcoin so are still going to see it break more ATH very soon. Inasmuch as you are a long term hodler, there's so many opportunities that you will meet at some point in your investment journey.
Even as we are investing in bitcoin don't forget that motivation plays a vital role to make our journey a success. Definitely something must trigger a person to invest and speculation is one of them don't get me wrong each of us has what motivates us to invest. It might be that your own motivation and mine may not be the same. But our goal is to accumulate and get a sizable amount within a specific period of time.

 
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DubemIfedigbo001
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December 13, 2024, 04:59:50 AM
 #2407

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.
Can you buy Bitcoin with empty pockets? Of course you should have some discretionary income available to make some purchases. Some people don't have because they're so poor and cannot afford investing in Bitcoin even at any price it gets.

For me I think poverty is a mental shortcoming concern and not actually a financial shortcoming concern. The moment you start filling your mind with optimism for riches, you'll see opportunities to get rich surrounding you and taking advantage of them ensures better financial condition and with a better financial condition, you can invest in Bitcoin consistently and hold for a longer time. It's pertinent you work on your finances first(which includes mindset upgrade to optimism for riches), so you can enjoy your investment journey with little or no setbacks.

The first step in Bitcoin investment is consenting to become an investor, then you can go work on your finances(this might take some time and you can learn a trade or soft skill in the process) if you've none, achieve a steady supply of income and with proper planning execute your dream of becoming an investor into Bitcoin.

Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

 
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December 13, 2024, 05:06:26 AM
 #2408

While we are busy with semantics of what poverty is and what it is not, Bitcoin have crossed $100k again and there are chances it will go higher. Perhaps we could also figure out how to make good use of the time we are in to buy more Bitcoin now that there seem to be a minor consolidation around the $100k price area. If there is any time to take buying Bitcoin seriously, now is the time because the price is still fairly low compared to when US and other countries that are considering making Bitcoin their reserved currency, will start buying Bitcoin, that is if they were not just being politicians when making those fine pronouncements. Nevertheless, we can never go wrong by buying more Bitcoin and expanding our portfolio.

I think you can just be straight forward and advice people to buy more bitcoins than talking about what the price might become if peradventure, the United States adopt bitcoin as strategic reserve asset. I mean who cares if they adopt it or not? Why do i have this feelings that people are now seeing bitcoin as a political currency whereby the policies that would be made by the government is what will determine it's price movement. Bitcoin is far from being manipulated by the government.
Sorry if I may have intrude into your conversation, but I don't think Moreno is wrong in his explanation. His words are a motivation for people to accumulate  more now because bitcoin will increase sooner. Even as we believe in bitcoin we can't deny the fact that politics don't have a role to play in bitcoin growth.  Bitcoin may take time to grow but there are scinero that occurs making bitcoin grow faster and politics is one of them. El Salvador make bitcoin there legal tender and it has increased bitcoin growth and many has followed suit in adoption. ETF approval is it not political decision?

Understand my point, am not saying that politics do not play a role in the growth of bitcoin, it does but am just saying that we should not depend much in politics because if politicians make positive comments about bitcoin and due to that fact they are public figures, their speech motivates some numbers of people and they now consider buying bitcoin, what will then happen when those politicians make negative comments in the future? are the followers also going to go against bitcoin simply because their Godfather made a negative comment? we should be wise and take decision on our own personal conviction instead of leaning on what anyone do or says.

 Speculation of Trump win to make bitcoin a reserved asset  made bitcoin expirence a surge in price due to his promises,  isn't it under politics?  The summary of the whole matter is that many people are beginning to adopt bitcoin both the fans of Trump and the fans of microstrategy. In however way people chose to adopt bitcoin weather from political speculation or economics speculation or whatever system that motivates people to invest in bitcoin is also a factor of bitcoin Growth.  Bitcoin doesn't grow on its own it is determinedby deman and supply and don't also forget that rumor and speculation is also a factor.

Now let me ask you, the surge in the price of bitcoin, was it before Trump was elected or after Trump was elected?. Yes, it was after the election. Which means if Donald Trumps makes any hate speech again against bitcoin as he made in the past, those who entered the market due to the influence of Trump will also abandon bitcoin right? Let us be guided and invest with our own sentiment of how we feel instead of waiting for one influential person to wake our spirit. I know that bitcoin majorly depends on demand and supply which means that the activities of investors buying bitcoin in the market is what causes price growth but even though the price is being affected by both positive and negative news, let's us not be swayed by political influence.

Let us not be deceived, forget about what anyone says about bitcoin or what policies that will favor bitcoin or not, all we should just do is to accumulate till we have gotten enough bitcoins in our custody. $100k is not the peak of bitcoin so are still going to see it break more ATH very soon. Inasmuch as you are a long term hodler, there's so many opportunities that you will meet at some point in your investment journey.
Even as we are investing in bitcoin don't forget that motivation plays a vital role to make our journey a success. Definitely something must trigger a person to invest and speculation is one of them don't get me wrong each of us has what motivates us to invest. It might be that your own motivation and mine may not be the same. But our goal is to accumulate and get a sizable amount within a specific period of time.

Let your motivation come from your own personal feelings and assessment rather than come from politics. Your last line of comment is the most important thing. Accumulate, get a huge portfolio and Hodl for long term benefits.

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December 13, 2024, 05:36:21 AM
 #2409

Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.
How do you intend to invest in bitcoin when you don't have any cash flow to do so since poverty is never an excuse not to invest in Bitcoin, there are people infact I know people that has the intention to invest into Bitcoin but what is delaying it is lack money even if it is business that you plan to invest on if the money is not available your dream of doing so will definitely die off because all what you will be doing is procastination because you lack funds to do so.

Even if you get started without it will be difficult to increase your Bitcoin portfolio because you are financially stable because you will be using money meant for personal upkeep to accumulate Bitcoin which might result selling out or getting off the game in a very short period of time please let's see bitcoin investment as other businesses since you will be investing for a longer period of time you need make provision for your discretionary income, emergency fund so you won't put your self on high tension because you want to invest into Bitcoin struggling because you will definitely struggle to accumulate Bitcoin.
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December 13, 2024, 06:06:30 AM
Merited by Zackz5000 (2), JayJuanGee (1)
 #2410

Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

Even though Bitcoin investment has no boundaries since anyone can come in to it within their level of finance, but the truth must be told that being alive and healthy is not enough for anyone to come into Bitcoin investment, there must be a means of satisfying whatever you might consider to be your basic needs and then have a disposable income which is the left over cash after ensuring that whatever you consider to be your basic needs has been taken care of, poverty is of different measures and that is why Bitcoin investment is very much open for both the poor and the rich according to their level of discretional income. One don't need to be struggling to accumulate your Bitcoin, Bitcoin investment shouldn't be seen as burden if you struggle to buy Bitcoin there are chances or possibility of you selling too soon to meet up with your basic needs when you are supposed to be buying.

 
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December 13, 2024, 08:59:08 AM
 #2411


Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

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December 13, 2024, 12:38:28 PM
 #2412


Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

In fact, Poverty should never be a barrier to Bitcoin investment. After meeting your family's and your own basic needs, which amount of money you have Remaining, (No matter how small, the quantity is not a problem), With that, you can continue with DCA. but, If you want to have a chance to achieve real success with Bitcoin, you must hold for a long time, such as at least 10 years.
Because when you hold for a long time, it will bring long-term success by avoiding short-term risks.
No matter how rich or poor an investor is, if he buys Bitcoin through DCA with the amount of money he can afford and holds it patiently for a long time, good success will come in the future.

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December 13, 2024, 03:01:59 PM
 #2413


Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.
You must not use DCA method, but whatever method applies to you at any point. We're in Christmas and most workers here receive handsome Christmas bonus attached to their pay, such a person can decide to front load with those benefits since it might be considered his discretionary income.

A poor person can hit a jackpot from lottery, or thereabout and have a lot of discretionary income at his disposal and in that case, it's better to lump sum rather than keeping the money and possibly ending up using it for unnecessary frivolities. At every point in time, it's very important to appraise yourself and determine the best accumulation strategy to employ in your journey as long as you don't get overly aggressive which is sometimes detrimental. The goal remains having more stashes of Bitcoin in your portfolio and hitting your accumulation target faster.

In fact, Poverty should never be a barrier to Bitcoin investment. After meeting your family's and your own basic needs, which amount of money you have Remaining, (No matter how small, the quantity is not a problem), With that, you can continue with DCA. but, If you want to have a chance to achieve real success with Bitcoin, you must hold for a long time, such as at least 10 years.
Because when you hold for a long time, it will bring long-term success by avoiding short-term risks.
No matter how rich or poor an investor is, if he buys Bitcoin through DCA with the amount of money he can afford and holds it patiently for a long time, good success will come in the future.
I love the emphasis of remaining on investment journey for a longer time period as it would enable you achieve more success with your fairly small DCA amounts. In addition to that, remaining on your investment helps prioritize Bitcoin accumulation in your psychological and subconscious to-do lists. We tend to grow and increase in levels, the poor person can be well-to-do tomorrow and if he was committed to his investment when he had limited finance, he'll continue in that direction when he has more income to invest, thereby increasing tremendously his success rate in his Bitcoin investment.

 
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December 13, 2024, 03:44:25 PM
 #2414


Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

In fact, Poverty should never be a barrier to Bitcoin investment.
You can't really say poverty is never a barrier to bitcoin investment. Surely  We all kmow how the economy is so hard, we have different categories of people and their financial level.  We have the low class , middle and or average class  and lastly the high class. So surely the highmay invest comfortable because the money is there while  the average class may manage to invest at least but the low class or poor person may not be able to feed talk more of investing.

After meeting your family's and your own basic needs, which amount of money you have Remaining, (No matter how small, the quantity is not a problem), With that, you can continue with DCA. but, If you want to have a chance to achieve real success with Bitcoin, you must hold for a long time, such as at least 10 years.
Because when you hold for a long time, it will bring long-term success by avoiding short-term risks.
No matter how rich or poor an investor is, if he buys Bitcoin through DCA with the amount of money he can afford and holds it patiently for a long time, good success will come in the future.
This explanation here can only work for the high and average class but applicable to the low class or poor person.  We should not totally say there is no poor person that can't invest.  Although they can invest if they are lucky in to have a manageable something doing that will yield money.



Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

Snil
A poor person can hit a jackpot from lottery, or thereabout and have a lot of discretionary income at his disposal and in that case, it's better to lump sum rather than keeping the money and possibly ending up using it for unnecessary frivolities.
Your explanation is good that a poor person may hit jackpot and have enough discretionary income but the fact remains that wining from gambling is very difficult he may never win because gambling is not  a business to generate income.  Instead of gambling to win a huge some of money to invest it's better of to learn a skill and be productive to earn money to invest. Gambling is game not to hope on.

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December 13, 2024, 05:24:15 PM
Merited by Btcdeybodi (2)
 #2415

You must not use DCA method, but whatever method applies to you at any point. We're in Christmas and most workers here receive handsome Christmas bonus attached to their pay, such a person can decide to front load with those benefits since it might be considered his discretionary income.

Of course, since it's Christmas bonus using the money to buy bitcoin right awa is good or you can divide it into segments to buy bitcoin weekly with DCA. I have already been paid my Xmas bonus yesterday and I was lucky to lump sum with half part of the money at 98k+ and the other part, I have divided it into equal parts to DCA with in 10 weeks.

Quote

A poor person can hit a jackpot from lottery, or thereabout and have a lot of discretionary income at his disposal and in that case, it's better to lump sum rather than keeping the money and possibly ending up using it for unnecessary frivolities. At every point in time, it's very important to appraise yourself and determine the best accumulation strategy to employ in your journey as long as you don't get overly aggressive which is sometimes detrimental. The goal remains having more stashes of Bitcoin in your portfolio and hitting your accumulation target faster.
That's is solely on luck and what if the poor man was never lucky to win the jackpot. It's better the poor man uses that money that he's using to gamble to invest in bitcoin because it's an amount that he can let go if not he wouldn't gamble. Many people are saying that poor people cannot invest, and that's because they use their extra cash for irrelevant things that will not add value to their lives. Such as drinking, gambling, womanizing and to show off. Such funds can be channeled into bitcoin for the future instead of spending it carelessly and wasting the opportunity in front of you to invest in bitcoin with such funds.

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December 13, 2024, 07:34:41 PM
 #2416

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.
You must not use DCA method, but whatever method applies to you at any point. We're in Christmas and most workers here receive handsome Christmas bonus attached to their pay, such a person can decide to front load with those benefits since it might be considered his discretionary income.

A poor person can hit a jackpot from lottery, or thereabout and have a lot of discretionary income at his disposal and in that case, it's better to lump sum rather than keeping the money and possibly ending up using it for unnecessary frivolities. At every point in time, it's very important to appraise yourself and determine the best accumulation strategy to employ in your journey as long as you don't get overly aggressive which is sometimes detrimental. The goal remains having more stashes of Bitcoin in your portfolio and hitting your accumulation target faster.

Why not? Because in the end everything can still be done and it does not mean that even poor people cannot do DCA because in the end as long as they can manage the income they have well in the end they can still do it even though maybe the nominal is not too big for DCA size.

Because in the end waiting also for now is not the right reason because it only delays them to be in bitcoin which could be a regret in the end and does not mean buying now is also said to be someone who is aggressive because after all the long term is a momentum that still has to be taken into account so that the longer you wait for the purchase, the longer you will be in bitcoin later, seeing that it would be better if done from now on while continuing to think about how we can continue to maintain the momentum of buying again and again with the money they get every month.
Although I will not say that waiting is wrong but in the end priorities must still come first so instead of you being tired of waiting for uncertainty it would be better to immediately adopt bitcoin while continuing to learn from now on for a possible future that will be much better.
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December 13, 2024, 09:22:50 PM
 #2417

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.
You must not use DCA method, but whatever method applies to you at any point. We're in Christmas and most workers here receive handsome Christmas bonus attached to their pay, such a person can decide to front load with those benefits since it might be considered his discretionary income.

A poor person can hit a jackpot from lottery, or thereabout and have a lot of discretionary income at his disposal and in that case, it's better to lump sum rather than keeping the money and possibly ending up using it for unnecessary frivolities. At every point in time, it's very important to appraise yourself and determine the best accumulation strategy to employ in your journey as long as you don't get overly aggressive which is sometimes detrimental. The goal remains having more stashes of Bitcoin in your portfolio and hitting your accumulation target faster.

Why not? Because in the end everything can still be done and it does not mean that even poor people cannot do DCA because in the end as long as they can manage the income they have well in the end they can still do it even though maybe the nominal is not too big for DCA size.

What a holder needs to understand is that the more Bitcoin he can hold, the more returns he will get. Everything here will depend on the amount. If a holder deposits $100 per week through DCA regularly, then his annual Bitcoin holding will be $100*52= $5200. If he holds it for at least 4 years, then $5200*4= $20800 and if it is spread over 10 years, then its amount will increase to $52000. Looking at the current Bitcoin chart, it can be seen that the price of Bitcoin has increased by about 137 percent in the last 1 year. Now, considering the financial capacity of the investor, if he holds, then he will definitely get good returns on his investment in the long term. If someone prioritizes their future rather than prioritizing the rich and the poor in their investments, then they can definitely take their Bitcoin holdings to a reliable position according to their ability.

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avp2306
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December 13, 2024, 10:08:32 PM
 #2418


Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

In fact, Poverty should never be a barrier to Bitcoin investment.
You can't really say poverty is never a barrier to bitcoin investment. Surely  We all kmow how the economy is so hard, we have different categories of people and their financial level.  We have the low class , middle and or average class  and lastly the high class. So surely the highmay invest comfortable because the money is there while  the average class may manage to invest at least but the low class or poor person may not be able to feed talk more of investing.


Situation is really different for people experiencing poverty since with that condition they would never became consistent on their Bitcoin investment. I also believe that they will never priority this option since they will take priority first those mouth to feed before anything else out there.

That's why its hard to say that people in this class will succeed since there's so many barricade in their front that stop them to continue. They usually these people need to double or triple their effort before they can make those things they want to happen. But there's nothing impossible to a person who exert efforts right? This is the reason why I encourage people to proceed and exert a lot more effort to find good opportunities and change their lives first then earn lots of money so that they have better chance to be consistent on what they like to do also including on their Bitcoin investment.

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xbartoni
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December 14, 2024, 10:49:06 AM
 #2419


Poverty is never an excuse not to invest in Bitcoin as long as you're alive and healthy.

To survive in life, money is definitely needed, but I think the remaining money after meeting the basic needs of your family is definitely alive. However, there is no remaining or specific money allocation for investing in Bitcoin, there is enough level of investment that you can invest according to your ability. However, you should never see it as a burden, Bitcoin investment never asks you to invest more.
You will be interested in investing in Bitcoin according to your ability, but for it to last for a long time, you must use the DCA method. There is a calm strategy for investing in Bitcoin for both the rich and the poor, in which both new and old, rich and poor can invest here. So you should keep yourself busy only to buy Bitcoin.

In fact, Poverty should never be a barrier to Bitcoin investment.
You can't really say poverty is never a barrier to bitcoin investment. Surely  We all kmow how the economy is so hard, we have different categories of people and their financial level.  We have the low class , middle and or average class  and lastly the high class. So surely the highmay invest comfortable because the money is there while  the average class may manage to invest at least but the low class or poor person may not be able to feed talk more of investing.


Situation is really different for people experiencing poverty since with that condition they would never became consistent on their Bitcoin investment. I also believe that they will never priority this option since they will take priority first those mouth to feed before anything else out there.

That's why its hard to say that people in this class will succeed since there's so many barricade in their front that stop them to continue. They usually these people need to double or triple their effort before they can make those things they want to happen. But there's nothing impossible to a person who exert efforts right? This is the reason why I encourage people to proceed and exert a lot more effort to find good opportunities and change their lives first then earn lots of money so that they have better chance to be consistent on what they like to do also including on their Bitcoin investment.
We have to admit that investing in Bitcoin is much more difficult for poor people than rich people. The way the rich manage their investment in Bitcoin is much more than the poor. However, we see that there is no specific rule for investing in Bitcoin, you can participate in the investment system by applying any capital. The poor can only use one third of their daily income for investment. Although the curse of poverty is not leaving them, gradually I think if they can deposit a part of their income in Bitcoin every day or every week according to a little guidance and hold it for a long time, I think the way Bitcoin is growing, it can be assumed that the poor can also achieve a high return achievement. The way Bitcoin has presented us with a big ATH with a big achievement in the last two months, the poor can also have the possibility of being a part of this ATH. I think not only the rich, but the poor should also participate in it and invest regularly, even if it is small.
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December 14, 2024, 12:52:19 PM
Last edit: December 14, 2024, 01:31:08 PM by Frankolala
Merited by JayJuanGee (1)
 #2420

The poor can only use one third of their daily income for investment.

Using one third of your income to invest in bitcoin as a poor man means that you might be investing over aggressively because you will not have much extra funds on you after taking care of your monthly expenses and needs. However, I think 10% of your income is cool to invest in bitcoin and not 33.33%.

It still all depends on how much is the poor person daily needs and discretionary income. It's his discretionary income that he can only  use to invest in bitcoin so that you don't use the funds for your basic needs to buy bitcoin, because it's gambling and you will sell your bitcoin in the short run when you needs arise.

Quote

 Although the curse of poverty is not leaving them, gradually I think if they can deposit a part of their income in Bitcoin every day or every week according to a little guidance and hold it for a long time.
A poor man that takes his bitcoin accumulation journey seriously with every week DCA buying overtime has the hope of not staying poor in future. You cannot invest or buy bitcoin daily. But weekly or monthly and a poor man cannot invest in bitcoin with one third of his discretionary income. I think buying bitcoin everyday will be stressful and you can only buy very little amount as a poor man, it's best to buy weekly. For instance, if you are to buy bitcoin of $10 every week, will you start buying $1.249 daily, it's a waste of time.

New bitcoin investors, especially the poor and those buying below $500 weekly or monthly need to pile up their little DCA amount in their exchange accounts for it to get up to $500 before sending to your self custody wallet to avoid too many small small UTXO in future because nobody knows how high transaction will get to in future. So that you don't end up using all most all your profit that you got from your long-term bitcoin investment journey to pay for transaction fee.

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