Is no longer news that the current Nigeria 🇳🇬 naira value against the United States dollar 💸 has skyrocketed to a record high of ₦1200, many of those who are not well grounded in Assets management and currency pricing due to a lack of global currency statistical knowledge or information in regards to currency volatilities.

this thread discussion should be focused on the statistical analysis of the current market situation and how best we can apply the DCA approach to stay at gains using the naira vs the USDT and thereafter USDT vs BTC.

Current market prices

BTC= $30k
USDT =₦1200

Basic price analysis considering the currency's weaknesses against each other.

From the above market conditions,  Bitcoin is the highest gainer in the market and at that, we use Bitcoin as the primary asset and use the bought price of 25k taking into account data of price as at 6 days cycle (1week).

Many within the country Nigeria may be blaming the current naira value against the US dollar on bad economy or governance,  but then even the US dollar also is depreciating rapidly against other currencies such as bitcoin,  so let's take off the mindset of internal economy and make only statistical analysis taking into account all data and components,  that make up for the global exchange price movement and how the global currency pricing run as a chain.

Taking advantage now to DCA your bitcoin looks to be the best approach right now if you are a short-term bitcoin market speculator using Nigeria's naira as your primary currency, 

Nice I have also commented on that thread you mentioned before,  but the this thread is more of an approach than it is a speculation and also a substantial DCA analysis of the current currency market as it relates more on a global scale other than internal currency valuations.

The thread mentioned is about BTC vs Naira,  and is speculative in nature,  which is somehow related to this thread but not the same in terms of statistics and forecasts.

Due to the dramatic fall of the Naira, I now put the currency on a watchlist, the worst case is that even during the day you would be surprised after you check the price and go back a few hours later to check again, there is a significant price change, I was even shocked seeing price yesterday at $1/1168 and going back 1 hr later to see the price at $1/1220, per USD, insane right?.


The Naira is right now on a free fall as it keeps depreciating against the US dollar, if pull a chart of USD/NGN you would know why the naira is on steady bleeding, coupled with the fact that investors no longer have confidence in Nigeria (FUD) due to the present administration policies and its certificate saga and a lot of other things that also contributed to this.

You can not DCA naira. It is called NCA. NCA means naira cost average. If you are not a trader that often convert bitcoin to stable coins and back to bitcoin frequently, and you are receiving your salary or your wage in naira, that is called NCA, because if you want to buy bitcoin, you are buying it with naira.

As for now, I will still point to the fact that bitcoin is undervalued and buying it right now is better. If anyone is receiving naira as salary or wages, NCA would be better because it is not too late to join the train of next bull run.

As far as am concerned buying BTC with Naira may not be a good idea for those who earn big salaries or don't earn salaries but have large cash, because it may be seen as laundering, if the trading of Naira for BTC is regular as done with a DCA strategy or NCA in this case the financial regulators may be in to get a share.

If one is someone who gets a notification via email or text or any other means that fraudsters could gain access to their personal details,  the notification of continuous BTC purchase from Naira is sure to be a hot target and where no good safety protocol is observed in keeping safe the wallet, it becomes a big problem for the investor.

As we can see that the market is fast rising in exchange rate of usdt to naira, this means taking opportunity to get an investment opportunity in USD will be of great benefits because by next week now we don't know what may turns out on the exchange rate, the idea is on two basis now, exchage rate is fast increasing and then bitcoin is also pumping in price, this is my own take in this present situation, if you're going long then take advantage in making investment as you can afford, if you're into trading, DCA is the best pattern to go about for now because you're going on a short position.

Going long means to open a long position in the derivative market. Going short means you open a short position in the derivative market. They are both used in trading. Also DCA is used while referring to investment, buying bitcoin at certain time, like weekly or monthly.

$1 was around ₦1146 in the parallel market right now. But I am not expecting anything better and I do not believe in naira. I only see this as retracement.