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Author Topic: Bitcoiners don't spend all your profits.  (Read 300 times)
Promocodeudo
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March 02, 2024, 07:16:46 AM
 #21

Good morning my fellow Naija people in the local board, I brought this topic to encourage our Naija local board bitcoiners not to spend all their profits they made from this bull run because, I know that many people have started selling their BTC to increase their wealth. I know that many people will start using the profits they made from this bull run to do other things and forget to save money to buy BTC when the bear market occur again, and it will be a good thing, if you can spend and still remain some money to invest in BTC when the bear market come. I know that is not easy to save money in this high inflation, but spend and save some money that you will invest in BTC in the future no matter the situation you are facing right now.

I know there are some people that depend on their signature campaign only, which is not a good idea because, anything can happen that will make you not to get the opportunity to work in the signature campaign but if you invest some money on BTC, I believe you will have hope of winning something big from BTC when the bull run occur.  What is your opinion.

OP, you nailed it all, people feel that this is the time to spend all there profit and forgetting to reinvest in the system that gave them the profit, it is important as a business man to know that if you do any business and get profit as the case may be, you will have to reinvest at least a particular portion of such funds so that you can also benefit again if the needful happens, the way bitcoin is rising now some people never expected it, sincerely there people who has done other business and profited in it but refused to reinvest because they feel comfortable that they have made a profit not knowing that the future price might surpass the present price that's why it is advisable to financially minded when taking financial decision.

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March 02, 2024, 10:11:28 AM
 #22

The sole aim of an investor in any investment, that is being profitable it is to remain in that investment especially when they know their is more to benefit from in the future.They can take profits, but will not forget remain or continue with their investment. Bitcoin have been profitable to those who invested in it, it's a good advice not to spend or withdraw all your profit or benefits as bitcoiner's. The situation and circumstances in  the country is not friendly but try as much as possible to maintain your investment in bitcoin which you have profited and stand to profit more in bitcoin. After the bullish season the bearish season will arise which is perfect time to buy more bitcoin, it will be that some funds are set aside to buy bitcoin when the bearish season comes.

The signature campaigns has provided opportunities over time but being dependent on signature campaigns earnings alone is not good and there are times which signature campaigns will not be available. So it's a good idea to Chanel some of earrings from signature campaigns to buy bitcoin, since there are ways one can schedule regular bitcoin investment by starting with an amount that fits your budget comfortably to invest in bitcoin. If one can do that with some percentage from their earnings on signature campaigns with time they will profit as we know the potentials Bitcoin Caries.
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March 02, 2024, 12:34:17 PM
 #23

Instead of selling all with the mindset to save using fiat I no really support that idea cause the way things be now you fit keep money to take do something but you might end up doing something else with the money so instead of holding the money in the bank why not sell some percent and save the rest in your wallet as na the same bitcoin you go still buy, secondly wanting more is not a bad idea so you can buy something valuable like land with the money or you research for something better to buy so when the time reach for the bear market you can sell to accumulate and definitely profit go come out instead of saving with fiat that has zero value
Me il suggest that if you dont need the money yet, do not take any profits. The bull run is not over yet, and there are more profits to be taken, so ill suggest we keep our investment intact, expecting a better profit by the end of the year. Its better to take maximum profit, but taking little profit during this period is not what i would like. Patience is the key.

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March 02, 2024, 09:27:47 PM
 #24

Spending all your investment ones nor b wise move at all, even though you go buy again lateron e nor still nice. For instance you buy certain quantity of bitcoin for the price range of $25k . Then you con dey run DCA like norms, then you later sold everything at this recent price range. the moment you selling all your investment the probability of you buying at that same price is pretty  low . Either you buy for price wey dey more expensive or endup missing a big life changing opportunity when waiting for the price to dip to a certain amount, but at the end he nor dip.

As you dun get sharp quantity of bitcoin for your wallet already, and you feel like taking profit from it there's nothing wrong with that but still withdrawing all your investment is not just right all . You can scrape some profit from your investment without withdrawing and same time securing your position of your early Investing.

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March 03, 2024, 11:47:09 AM
 #25

Because of the the amount that the price of bitcoin has gotten to  se people thinks the amount of Bitcoin they have been hodling is enough.  The bull market is just beginning and this is not a time to give up in hodling or to spend all your money. More profit can still be gotten from bitcoin when you hodl. This opportunity of the bull season should be used very well.

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March 03, 2024, 04:39:52 PM
 #26

The dip is still far and probably it will start in 2026. So selling all the bitcoins they have now and preparing for the dip again is just a waste of time. And if I will advise they should start selling them in the time when bitcoin has reached the All Time High and the All Time High will be $70+k because the last time All Time High was $69+k. So once the price reached then we can start selling bit by bit. Because at that time to enter into the dip is not far again. So we should not sell our hodling for now. Although the devaluation of the dollar might affect the hodling here in Nigeria but still Hodle and start selling in the All Time High and I have shown you the All Time High that coming in the market.

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March 03, 2024, 08:35:08 PM
 #27

I am on the campaign that dollar is going to crash drastically because the federal government is about to take a step to reduce cost of living and to reduce dollar is on the target and once dollar is decreased then it will affect all the bitcoiners in the forum so what I am about to say is that if you know you have coin in your wallet make sell some now because if you no sell am and dollar reduce in value na you lose. So make you think well and take a good step to calculate the next step to take. Dollar is about to go down.

I think you have a good point, because how federal government dey do this days dollar fit decrease very well and he can affect us how dey put binance eyes like this I hear say federal government say na Binance dey make dollar dey increase price that is why dey on bad am, na good idea to know sell all your coin because of the bull run, I know some people Don't like selling there bitcoin so easily expect they have emergency that dey don't have choice they need to sell it and solve there issues.

I use to leave my coin for long term If he reach my target then I sold it and buy another one with the profits I get, and now that bull run Is coming anyone need to buy bitcoin and keep even is small because this hardships no easy to keep money now anyone is looking for a way to be generating money fast, dey can't stay for long term because of hunger the country are in serious issues but you just need to try and get small money and invest in bitcoin to get huge profit soon when the bull run occurs.

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