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Topic: 1 Million Enough? (Read 1038 times)

Crypto Library

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Re: 1 Million Enough?

July 22, 2025, 09:40:27 PM

#121

Quote from: hero_the_bossman on July 22, 2025, 09:17:31 AM

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

I agree with your take, it's a good start, but only with good knowledge.

Your suggestion is not bad, but the point is that those who know nothing about trading or are new to it should first read books or articles on technical analysis and at the same time choose a good mentor if possible.
And in the initial stage, the mentor discourages traders from participating in direct trading, but rather asks them to take the help of demo trading. Later, when he understands the reasons for his losses in trading due to which mistakes he can identify and at the same time explain how he achieved profits, only then will he be suitable to use real money in trading.

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Powerjumboo

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Re: 1 Million Enough?

July 22, 2025, 11:32:52 PM

#122

Quote from: Israelgogo on July 14, 2025, 12:13:41 AM

Thinking alot and is really affecting me because I don't actually all the resources need to market the trading but then am reasoning between physical business or BTC trading which 1 million naira capital will fits in for better returns after a while. The question is will 1 Million naira make good results in btc trades now, or investment of btc?

Of course, your one million naira will give you more capital in Bitcoin. If you can buy Bitcoin with your one million naira, you will achieve much more success between 2029 and 2030. I am sharing the predictions of some influential people. Where they say so.

Quote

MICHAEL SAYLOR SAYS, I WILL BE BUYING #BITCOIN AT $1 MILLION PER COIN.

ITS STILL AT 90% DISCOUNT

https://x.com/Vivek4real_/status/1947751980757082335?t=b7jpTKpZHJdwnLxr_XHO9w&s=19

Quote

Michael Saylor on Bitcoin: "If it's not going to zero, it's going to a million." 🚀

https://x.com/GoMaestroOrg/status/1947795336015319351?t=o_58OuIsNRDgx6cYyW7u-w&s=19

Quote

ARK INVESTS 2030 #BITCOIN TARGETS ARE INSANE 🤯

Bull Case: $2.4M 🚀
Base Case: $1.2M 🚀
Bear Case: $500K 🚀

https://x.com/saylordocs/status/1947693736726827468?t=mZlsqlfiKvcZw0-iThTSSA&s=19

Quote

GROK JUST SAID THAT #BITCOIN IS GOING TO $1,000,000 BY 2029 🚀

ITS COMING!!!

https://x.com/Vivek4real_/status/1947790765792407620?t=oatWqVKDz971z1e7Y2na5A&s=19

I have shared some posts from Twitter here where everyone is commenting positively that Bitcoin will be worth $1 million, so I can say that you should definitely invest in Bitcoin even if you don't believe all these influencers, you can still invest in Bitcoin with your one million naira by looking at the movement of Bitcoin.

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mr.mister

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Re: 1 Million Enough?

July 22, 2025, 11:33:04 PM

#123

Buy and hodl for the long term. You'll be o.k.

SquirrelJulietGarden

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Re: 1 Million Enough?

July 23, 2025, 02:28:12 AM

#124

Quote from: Powerjumboo on July 22, 2025, 11:32:52 PM

Quote

Michael Saylor on Bitcoin: "If it's not going to zero, it's going to a million." 🚀

https://x.com/GoMaestroOrg/status/1947795336015319351?t=o_58OuIsNRDgx6cYyW7u-w&s=19

Michael Saylor did not say anything new.

You can see what the Bitcoin founder - Satoshi Nakamoto - wrote in this forum many years ago when someone called and discussed about Dying bitcoin.

Quote from: satoshi on February 14, 2010, 03:52:23 PM

Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.

In addition, many bitcoins losts and there will be more bitcoins lost in future that sum up considerable donations to all Bitcoin holders, and you can take advantage of that.

Quote from: satoshi on June 21, 2010, 05:48:26 PM

Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

.^Winna.com..

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Re: 1 Million Enough?

July 23, 2025, 03:08:16 AM

#125

Quote from: mr.mister on July 22, 2025, 11:33:04 PM

Buy and hodl for the long term. You'll be o.k.

If it grows as predicted, then you are absolutely right and the way it is going and it will really reach that height with its own speed. This is the path for it, apart from what you have mentioned, there is no other way to make a profit to reach that height.

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davis196

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Re: 1 Million Enough?

July 23, 2025, 05:15:02 AM

#126

Quote from: Israelgogo on July 14, 2025, 12:13:41 AM

It depends of what you mean by "BTC trading". Do you mean day trading BTC to altcoins and vice versa? Or perhaps you mean trading BTC for fiat currencies on platforms like Paxful? Day trading isn't easy and more than 80% of the traders end up losing their capital. Buying and selling BTC on Paxful isn't easy as well, because there are a lot of scammers and the competition will cut your profit margins.
Long story short, there's no easy way to make money. Building a physical business from scratch is also very difficult.
Maybe you should just buy BTC and HODL.

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Crypto Library

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Re: 1 Million Enough?

July 24, 2025, 06:54:06 PM

#127

Quote from: davis196 on July 23, 2025, 05:15:02 AM

I think he is talking about the as usual normal crypto day trading we know maybe it is the USDT/BTC pair or something else?

However, the suggestion you have given is very important for a new person who does not know much about trading and cannot do analysis because if someone wants to do day trading then he has to learn many things from technical analysis to fundamental analysis which takes months to years to learn.

On the other hand if he only has the ability to hold then he can make good profit by holding Bitcoin for the long term.

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