Bitcoin Forum

Every experienced investors wey get Bitcoin, know say e de better to hodl am for long term, because na store of value im be. Di longer wey you hold am di more value wey im de add for you and during every bull run, di price go reach new ATH wey go de increase your ROI.

I get one small experience wey I wan share and e de against that believe say we suppose to hodl our Bitcoin for long term. E get Bitcoin wey I move from one wallet and I just leave small Satoshi, wey worth like $7 more or less, I no really remember di particular amount, and na wen Bitcoin de around $72k, but di point now be say na around $3 worth remain for dat wallet. Aldo I know say we no suppose hodl dat kind small amount of Satoshi, but e show me say e get di kind amount of Satoshi, wey you go leave for your wallet, if price continue to dip or for bear run, one day everything go just disappear.

I still advocate for long term hodll for Bitcoin, but make we no leave very small Satoshi, for wallet, e de important to top am, unless we de sure say we de inside bull run proper, make you no wake up one day and see say di small Satoshi don disappear. Dat na my small experience, how una see am?

Yes there will be decrease in value but your 100 SATs technically will never disappear from your wallet unless you sell it below the price which you bought it. No matter how dip the market is your 100 SATs will remain 100 SATs. That's how powerful Bitcoin is.

4 me no amount way no worth hodling, as long as nah Watin you fit afford to leave for that time leave am for the wallet, eh no worth something today no mean say eh no go worth something tomorrow, just as piple way leave small unit of Eth for their wallet long ago nah dem no no Watin God do for them, just yesterday I just come across some of my old wallet them for email I import the wallet I see small Eth way remain inside which the last time way I carry that wallet conduct transaction nah 2018 when airdrops been they pay and Eth fee been they very low, this 0.0073Eth Way worth $ 1.53 @206.35 according to data way I get from Etherscan, yesterday that small $1.5 give me $20+, this nah wallet way I don forget for long time now.

So if you no say u no wan spend that amount that time my broda you fit leave am as long as you want you fit wake up one day no BTC price don reach 100k-200k that $3 no go be $3 again so if you get means to spend and leave small satoshi for wallet you fit leave make we no discourage the person way wan start to save small small, eh fit still leave $3 diz week next time them leave another small amount as time goes on nah so the volume go they increase, b4 you know the person fit don save up better something.

Thanks for your direction, nobody know am finish and we de learn everyday, so we no fit to see 0 sat for wallet? Based on wetin you talk, dat means during price dip, di value of 100 sats fit no worth anything unless price begin to de pump again, e go just de there pending.

I don't how you want move dat kind small money move from wallet. Well I don't know the particular wallet you use to or probably na Centralized Exchange because if na Electrum then I don't think you can make a transaction of $7 dollar because that amount e no even reach transaction fee or foe mow $4 fit land in your exchange and your exchange minimum deposit is $20 dollars then you $4 dollars go enter voicemail.

Na because you see say your $7 turn to $3 na y you Dey complain be that now, if to say your $7 increase you for no Dey complain now. You don sabi crypto now, and since na bitcoin you leave for the wallet, no matter how e dump reach, then e go definitely bounce back but e fit just take time. You fit leave small satoshi for wallet wey be say when you come open the wallet you go just Dey smile because e go don increase well, na just because your own dump na Wetin make you Dey talk be that.

D way you Dey talk say e no make sense make person Dey leave small satoshi for wallet na him some people wey e don benefit go talk say e make sense make you Dey leave small satoshi for wallet.

And make you know say your money no fit disappear due to bear market, e go just continue to Dey dump, and the amount wey e worth go continue to Dey dump but e no go disappear.

OP, mk u no reason am too much because na normal thing for the Bitcoin market,person $100 fit turn to $10 but no be say the person don lose, normally the gap between them look too big and difficult to recover but we all don see how Bitcoin dey do as long say we just hold our exact amount of Bitcoin without selling then na only time e go take before the price equal then surpass your purchased price. Bit I nvr hear say person Bitcoin varnish due to price decline, e go only enter some zeros but once the bull run begin na another massive price increase for the holders.

E get one big thing wey you dey forget, if you get $10 worth of BTC today and bitcoin drop till your $10 turn to $0.0 that amount of BTC wey you buy still dey the wallet, let's say na 0.00016 as of today price this your 0.00016 BTC go remain this number e no go ever change but the price in dollar don drop to zero. So if bitcoin still rise after many years wey you get I'm for that wallet you go see say your money still dey or e go even planty pass the normal na one big thing wey plenty people never understand about bitcoin.

As long as say you get your wallet phrase secured just keep that small thing wey you get hodl to any time of your life as long as say you fit do without that money. Just keep hodling one day you go see the benefit, for that your own na because you still need the money na why U thing say e dey very necessary to remove every dime from your wallet.

Nothing like say e go disappear. The worse be say e go go the lowest of the lowest amount in USD cent. E no dey disappear even with the bear, na that small Satoshi go still increase to the extent wey you no go believe if you forget am for your wallet a long time. This particular thing don happen to me on a wallet wey I forget like 1,500 naira after close to two years when I just just go back to the old phone say make I collect old number and I just see the wallet, omo as I open am I see 40,000 naira worth of USD then for there, I felt really good. So bro na so the volatility dey go oo, it goes down and up. E better make you leave coins for your wallet no matter how small e be. Don't be surprised how much that your $3 go turn to in future.

Na the same thing you for still observe even if na 5 bitcoin you leave there. Once price drop the value also go drop but the 5 bitcoin go still remain 5 bitcoin the same way weh the small one weh you leave there remained. It is only the value that changes. No go reason am too much before you come begin catch cold for mind. No amount of bitcoin is too small to hold.

That is the best way to accumulate profits from BTC investment, when you hodl it for a long period of time before you can sell, it will add value to your BTC that will make you feel good for apply long term hodling in your BTC.

But if you invest small money in BTC during the bear run, it will not give you the same opportunity with those that use big money to store BTC in their wallets, which is another advantage people need to take by using big money to buy BTC from the market, and it will create a good opportunity to make such people to make a huge amount of profit.

I don't think, I will live small amount of BTC in my wallet because I know that if you embrace the opportunity to store big BTC in your wallet, it will make you richer when the bull run occur in the market.

This is basically why Investors can Invest reliably on bitcoin believing that despites the volatile potentials that the market may fall below little Investors invested value, just stay reliances because there's always tendencies to recoup when the market pops up again.
That's why it's always advisable for investors to always do research before Investing their funds and the ignorantic ones always falls victims to the MemeCoins that once the market Price falls below Investors holding, the asset value vanishes to total lost of no recovery.

Yes ma bro, the figure of Bitcoin no dey change na only the value or should I say the worth in dollar nai dey change so if you get 1bitcoin today when the value na $66k, even if the price market cap reduce to $10k or even $1k that 1bitcoin still remains 1bitcoin just be say the value or worth in dollar go reduce but the figure in Bitcoin is still the same and na the same logic wey also apply to small Satoshi of Bitcoin too.

Omo I just dey hear this information for the first time Shaa, but I believe say the $7 way been dey your wallet, you no been keep am for holding sake na, because if you been keep am for holding sake I dey sure say you for don increase the amount over time.
I no sure say everything go disappear if the amount small, at best the amount go continue to dey small, and if e reach where the market value begin go up, you go see say the small amount go begin appreciate again.

OP the price of Bitcoin doesn't affect the amount of Bitcoins you have in your wallet so no matter how extreme a dip may occur your coin cannot completely vanish except that cryptocurrency vanishes which is very impossible for Bitcoin to vanish so there is nothing that will make the price of Bitcoin to become so low to an extent that the amount of it that you have hodl will now disappear and that is why it is advisable to store your coins in non custodial wallets but if you keep them in an exchange it may likely disappear.

to invest big amount of BTC is the best advantage to get rich fast when the bull run come, but they said you should invest what you can afford to lose. even you invest small in bitcoin when the price increase definitely the money you invest on it he will change, he won't be like before anymore you will get small profit on it. he just that people that invest huge money will get more better profit more then you that invest small amount of money on Btc, that is why if you get opportunity to invest large so that anytime the price raise you won't stay aside and celebrate with other people but if you don't have huge money to stake, invest what you have that you know you won't touch and he can be save for long time for better profit. the main purpose i like crypto is that he don't be like real estate that you need to get actual money of the product before you can afford it you can buy any amount of money you have and you will be still profitable when the price increase. don't waste time for anyone before you invest, any amount you can afford just buy it and you won't regret it if you are someone that is patient and leave it for long term because is not like other shicoins that you will be scared to lose all your funds.

Of course, the thing be say if the price dip very well the value fit no worth anything self as e go pack plenty zeros put for front of the value. Let's say na $3 worth him keep. If the market keep dipping the worst that will happen is that the $3 worth can look that way $0.0000035376 or any numbers at all, but the moment price gets back up to the region the person left it in the first place, his or her $3 will be back up. Unless your wallet is connected to a malicious website that keep taking your money without you noticing. Bitcoin can only disappear from your wallet if someone has access to it, or you used it to pay transaction fees, connected to your wallet to a malicious website that gradually suck your bitcoin without you noticing, if not 0.1 btc will always be 0.1 btc, what will now determine it's value is the current market price of bitcoin.

Am sure knowing the difference between the kinds of wallets to use as a Bitcoin investor or trader is of importance firstly as a newbie, because as you rightly said, an exchange wallet or telegram wallet is different from a non custodial wallet or offline/hardware wallet and with this information, one can easily protect their coins and not be bothered by bullish or bearish seasons in total.

Where it gets worse and requires one to be more cautious in a bearish season, is when there's little coins in the wallet that's not up to a transferrable minimum on the exchange and one has to wait to be funded inorder to move the whole coins while witnessing a bearish season. Surely, the coins will be affected just as it would be during a bull season.

OP, for the time wey you don stay for this forum, you supposed know sae peso amount of bitcoin doesn't change of overtime but rather na change of price value go change. Assuming peso get $5 bitcoin when bitcoin d $65k, if bitcoin should fall to $40k during the bear market, the peso bitcoin worth go fit enter for cent. But that one no mean sae the amount of Bitcoin wey the peso hodl for em portfolio no longer be the same again.

OP, I be wan share with you a story why em no d bad for peso wey choose to leave em small Satoshi for em wallet during the bearish market.

A friend of mine once shared with me of how em be held em $5(0.001btc) worth of bitcoin during 2020 bearish market when bitcoin be d $5k, as bitcoin skyrocket to her ATH to 2021($68k), that em $5(0.001btc) worth of bitcoin earn am $68 in 2021($63 gain na something sha).Assuming em be d apply a DCA method em for get more than that.

D koko to this be sae, no amount of bitcoin hodl through the bull run to bearish market go disappear from one wallet, so long as the peso wallet seed phrase dey and the possibility of crypto market to experience bull run again d

This where many got it wrong if they fail to pay attention to detail trying to argue about BTC change es and reduction is show the level of knowledge op has need improvement because it's very clear that it's the price that is changing not the figure of BTC , though most time issue like this is good for more clarity narrowing this issue using our local made elements like food the so called garri, one custard remain one one but the price keeps changing in the market so it's to BTC only the dollar rate that changes but any figure   BTC  remains.

Dat amount wey you dey talk about fit dey very small to others fa, but to you na very big amount of money wey you don leave so for wallet. I don see some situations wey money wey dey wallet go dey show but the price no go follow join base on say the amount worth nothing to insignificant value of dollars. Dis same wallets sometime go come grow to give you bigger worth of the money with the quantity not moving up as d coin dey follow move go up. Na just the way crypto dey be that. Your coin still remain your coin until otherwise, wey you pack your coin come sell am. Your Satoshi wey you leave for wallets go either rise during bull run or fall during bearish periods too.

Because d market price dey go up and down, and if u miss d bull run, u can advise yourself not to sell than to continue to hodl d Satoshi in your wallet till another bull run occur before u can sell to make profits to become an expert in d crypto community.

When d price of BTC is dumping, d Satoshi in your wallet will b reducing which many people have experienced dat from their hodling, but u don't need to b panicking because pumping season will surely come dat will make d price to go up to allow hodlers to earn from d market.

If BTC varnish from your wallet, just no say u exposed your seed phrase to someone because BTC can only reduce in your wallet when d bear run is on ground which there is a hope dat it will go up in d future for the BTC to add value.

Holding your funds from one  bull run to another wont make you a professional and experienced investor. If your holding little satoshi in your wallet and then there is a bear market of course you will lose everything if the fractions equivalent to USD gets to zero. The thing is 0.0045 BTC can worth 40$ now the price is 69k to 70k but when the price drops to 40k the accumulated sats would be lower in the price of USD and it may worth 15$ to 20$. Then imagine you are holding 10$ or 20$ of BTC what do you think the price would worth then. Of course it will go to zero.

Op, sorry to say, you come dey talk like say you be newbie I never still understand how coin  wey person keep for wallet go disappear if na newbie talk this kind thing i go understand but snr member like you no suppose talk this kind thing though everybody still dey learn but this one na the basic thing wey person suppose don learn or know. Well just like dey don answer you, coin will never and can never disappear no matter the dip rather e go just dey below waiting been dey your wallet that is to say that e no go get value but once the coin begin to pump you go see say the value go begin they come out again, na em be the volatility for you, you no gats fear.

Op I no believe say the Satoshi go disappear oh because even the 0.00001 Satoshi go dey inside your wallet for ever. Bitcoin never disappeared from anyone wallet. And now that the transaction fee e dey low well well, you go fit makw a transaction of $3 because out of the $3 dollars $0.074 will go for transaction fee then the remaining balance will enter your exchange account. But the issue here be say you no go fit sell am because e too small for the exchange and if na di exchange wey get limited amount then na there your coins go lost and not in the wallet.