What to do with 1 BTC as a Nigerian

[Frankolala]

If I get 1btc wetin I go take am do na to hodl am for my wallet first so that it will appreciate for this bull wey dey come then if I hodl  am to double it, I go back out and convert am. Then immediately if I get land I go begin build on it at least a storey building or two. Then if I no get land, I go buy and begin build something on it. But if na to use the money go dey do business for this kind economy, that one no be better decision. Na to build and put for rent be the best now.

I reason your talk well, landed property na im be one of di surest investment wey person fit get. Because hardly make you hear say land or building depreciate, e go just de depreciate de go. Even as di economy be now, landlords dem just de cash in by increasing rent because of di high cost of living inside di country. I like di investment because you no need to de educated or to stress yourself for inside.

I will diversify my money into at least 3 streams of incomes. I have the philosophy of the Garden of Eden. As the 4 streams flowered in the Eden and watered the Garden of Eden, so will I divide my streams of income into 3 to 4 based on the resources available at my own disposal. 1 BTC is worth over 94 million naira today, so if I was meant to do business with it, I will divide the funds into 4 places.

The highest percentage of it will left in my wallet, I will use one share of the money to invest in real estate business, either by acquiring a property worth 25 million naira in a rapidly growing suburban area within Abuja. Another part of the will go into investing in my PR Company where I intend to upscale the business through acquiring a bigger and more physical office in Abuja to enable me carry out my academy. Thirdly, I will invest some part of the money into my apparel brand.

Nothing much as I feel 1 bitcoin with the current price if equated to Naira today will used them to buy few landed property also used the money to build and rent it out to people which would further keep generating money for me till life time. It's a kind of investment that would last for years even till my disappearance on Earth. However, I would still keep percentage in bitcoin because I know it would increase more than this in time to come.

If the land is in a good area, in future you will benefit more from the house that you built for rent. I will also set up a big farm because hunger is the problem that we are facing in the country since Tinubu administration took over from the old one. Farming is a very lucrative business now because food stuffs are very expensive and the cost of eating a good food in the restaurant is expensive too.

I would not sell all my bitcoin but I will keep some because bitcoin is also a good investment to keep value in because I believe that it will generate more profit than house property.

[Abu-Naim]

Mate, thanks for the clarity, I hope OP correct it immediately so it won't be misformation from his end. In Nigeria 1btc is a huge sum of money which one can use to establish himself if you have it. But with this current economy it's not adviceable to do any business or buy shares in bank, you will endup crying from the bank rather invest in real estate or go into farming, especially cassava farming,  you will mk more profits than any business. The demand for garri is very high and it has increased the price too.

With the current price of Bitcoin at around $60,800, if you convert it to our local Naira, the money will be around 97,505,000 Naira, which a huge amount of money, and in Nigeria if you have this amount of money, you are rich and you can handle good business, but with this current economic situation, there are several reasons why business will not mover very fast because the government officials are also into business and are very selfish, they want all money to be among them and no one else.

If you have one Bitcoin, the best advise I can give is to keep holding your Bitcoin because buying shares with banks or any centralized authority is another means of centralization, and bringing out huge amount of money can lead you to thorough investigation through EFCC and other government security bodies, therefore, Leaving your money in Bitcoin is a good investment on its own, I don't think withdrawing the Bitcoin is good solution, unless if you have a good business plan you are convinced on, you can withdraw some certain percentage and I will not advice you to withdraw all your Bitcoin because it is a store of value against inflation.

In abroad their currency has value, one can feed a week with $20, the system working for them, even if you invest 1btc you will gain more in abroad,  things are in order, but here are not the same. So think wisely before you do business in Nigeria.

Our currency devaluation makes business to become liability to small capital business people because to earn a leaving alone is something very difficult in our dear country.

Farming can be a good option if you have land to farm or if you have a place to rent land for farming. But here in the northern part of Nigeria, we have been suffering and battling with insecurity which makes farming a bit difficult for us to invest in, but farming is very good because the country needs food to survive.

[Anayochukwu]

Op wetin I go use 1btc as a Nigerian do depend on the kind of life wey I dey Live now. If I'm poor and struggling to survive I will definitely sell and improve my life to suit me, then I will invest in landed properties, invest in my country by opening a company regardless of its situation (it could be satchet water factory) at least it will help take a few youths off the street and lastly I will invest in Bitcoin through the DIP.

But if I'm rice or an average Nigerian that can afford things for myself and everyone around me then I will continue to hold on to my 1btc till the Bull comes because I know I will make more profit during the bull run.

[Jerrycrypto2024]

Op actually in regards to our current economy depreciation of currency and value of things one BTC can still change life if beginner who invented it Wise mostly on the commodity that is always needed by the people , I see that agriculture is one major commodity that eventually human can't do with as long life is in concerned human must eat food you can invest in agriculture, example potatoes production where you can get finished product in form floor well package, even pig farming. But relating this in another dimension everyone hard their needs and desire differs what becomes your plan or dream may not actually be for another I believe that one BTC can actually changed a narrative of one without a good begining to a greater height depending on the type of investment in which it's put on, because not all investment is actually yielding result due to economy breakdown so in a time like this current economy you need invest in line with the current need if the people to get the required result.

[Dailyscript]

If you have one Bitcoin, the best advise I can give is to keep holding your Bitcoin because buying shares with banks or any centralized authority is another means of centralization, and bringing out huge amount of money can lead you to thorough investigation through EFCC and other government security bodies, therefore, Leaving your money in Bitcoin is a good investment on its own, I don't think withdrawing the Bitcoin is good solution, unless if you have a good business plan you are convinced on, you can withdraw some certain percentage and I will not advice you to withdraw all your Bitcoin because it is a store of value against inflation.

This is the best advice indeed if inflation wasnt a thing to be concerned of. Yet, it doesn't stop us from trying out that good business we have pictured in our mind to do. When you think of how fast the pricce of things are going storing the bitcoin for lnog term may not help solve it. But taking oout 50% to venture into a business may help in so many ways.

1. Once the business starts yielding sustainable profit we won't tap into the remaining 50% of our Bitcoin instead we will have more to keep investing in it.
2. A good business we yields 2x  the capital used to start the business at least in an interval of 2 to 4 years. Still the business will be up and running yielding more profit and growing as well.

[Adams0001]

Op actually in regards to our current economy depreciation of currency and value of things one BTC can still change life if beginner who invented it Wise mostly on the commodity that is always needed by the people , I see that agriculture is one major commodity that eventually human can't do with as long life is in concerned human must eat food you can invest in agriculture, example potatoes production where you can get finished product in form floor well package, even pig farming. But relating this in another dimension everyone hard their needs and desire differs what becomes your plan or dream may not actually be for another I believe that one BTC can actually changed a narrative of one without a good begining to a greater height depending on the type of investment in which it's put on, because not all investment is actually yielding result due to economy breakdown so in a time like this current economy you need invest in line with the current need if the people to get the required result.

One Bitcoin can go a long way in the country, and many individuals find it tough to deal with things. If you receive 1btc, it's best to invest it in a physical business to solve your problems. If you don't use it wisely, the money will be lost. By doing so, you can increase your profits and invest in bitcoin for future gains. Because if I have 1 bitcoin, the first thing I will do is think about what tangible business I can start to benefit myself and make money from it. So that if my bitcoin money finishes, I know that I do something mindful with it and I will be getting fund that will support me in many things but if you doesn't think well you will definitely spend it anyhow, if not you are the one that invest on bitcoin and you get profit on it you will definitely get knowledge about what you will used it for, but if you get it for free you just be using the money and be buying things that won't help you when you are broke.

[RockBell]

One Bitcoin can go a long way in the country, and many individuals find it tough to deal with things. If you receive 1btc, it's best to invest it in a physical business to solve your problems. If you don't use it wisely, the money will be lost. By doing so, you can increase your profits and invest in bitcoin for future gains. Because if I have 1 bitcoin, the first thing I will do is think about what tangible business I can start to benefit myself and make money from it. So that if my bitcoin money finishes, I know that I do something mindful with it and I will be getting fund that will support me in many things but if you doesn't think well you will definitely spend it anyhow, if not you are the one that invest on bitcoin and you get profit on it you will definitely get knowledge about what you will used it for, but if you get it for free you just be using the money and be buying things that won't help you when you are broke.

One bitcoin is more than enough to solve one million problems, and since it is an investment the moment you decide to keep it then making a profit from it will be very good because
you will always bring back profit, the money might be huge but mismanagement of it might make you lose everything, its a thing of choice if you don't want to keep it then you should spend it then another investment because that matters a lot because seen money and not spending it is another big challenge. your motive is good, unlike some people who would have chosen to spend it on luxury.  instead of investing it.  you can even start a good restaurant with that money, there are a lot of businesses you can do the moment you don't want to invest in Bitcoin or crypto entirely. you can use it to be financially free, luxury will not give you anything in return, investment should be what comes first, then when you start making returns then you can start going for luxury and go for what ever you want.

[Mr Reporter]

One Bitcoin can go a long way in the country, and many individuals find it tough to deal with things. If you receive 1btc, it's best to invest it in a physical business to solve your problems. If you don't use it wisely, the money will be lost. By doing so, you can increase your profits and invest in bitcoin for future gains. Because if I have 1 bitcoin, the first thing I will do is think about what tangible business I can start to benefit myself and make money from it. So that if my bitcoin money finishes, I know that I do something mindful with it and I will be getting fund that will support me in many things but if you doesn't think well you will definitely spend it anyhow, if not you are the one that invest on bitcoin and you get profit on it you will definitely get knowledge about what you will used it for, but if you get it for free you just be using the money and be buying things that won't help you when you are broke.

One bitcoin is more than enough to solve one million problems, and since it is an investment the moment you decide to keep it then making a profit from it will be very good because
you will always bring back profit, the money might be huge but mismanagement of it might make you lose everything, its a thing of choice if you don't want to keep it then you should spend it then another investment because that matters a lot because seen money and not spending it is another big challenge. your motive is good, unlike some people who would have chosen to spend it on luxury.  instead of investing it.  you can even start a good restaurant with that money, there are a lot of businesses you can do the moment you don't want to invest in Bitcoin or crypto entirely. you can use it to be financially free, luxury will not give you anything in return, investment should be what comes first, then when you start making returns then you can start going for luxury and go for what ever you want.

This is the part where one has to use his common sense because this is money we are taking about just as you have said having 1Btc in this time that we are to me so many I thing are going to be gained firstly luxury should not be the frist thing that should pop what of one's head, taking half part of the coin and hodl for a start then after that is be done  then use the rest to cover up and you can just chose to open a mini mart store or phones store...
I think it should be a start if I have the opportunity just as you have said.

[Salahmu]

Nothing much as I feel 1 bitcoin with the current price if equated to Naira today will used them to buy few landed property also used the money to build and rent it out to people which would further keep generating money for me till life time. It's a kind of investment that would last for years even till my disappearance on Earth. However, I would still keep percentage in bitcoin because I know it would increase more than this in time to come.

Landed property is just the right investment for that kind of money because that's the trending business nowadays and so many people are making a lot of money from it, actually is not like there are no more profitable business aside from landed property but as an entrepreneur you are not just looking at short term profits interval but instead you are looking at something that would last forever because we all know that there would come a time in everybody's life when they will no longer have the strength to work so those investment will stand as a monthly or annually income generator for them, so actually I love your investment ideas because is a very lucrative investment to venture into and also if I'm given that kind of money landed property will certainly be my first investment because it comes with a lot of good advantages.

But the thing is that no matter the interest someone would have on other investment be it landed properties they shouldn't empty there Bitcoin portfolio because is very important for someone to remain some amount for holding while they continue there other investment because the potential of Bitcoin is no longer hidden to anybody so we all no that anyone who is willing to hold will certainly benefit huge from Bitcoin, so always keeping some amounts is very important.

[SmartGold01]

Nothing much as I feel 1 bitcoin with the current price if equated to Naira today will used them to buy few landed property also used the money to build and rent it out to people which would further keep generating money for me till life time. It's a kind of investment that would last for years even till my disappearance on Earth. However, I would still keep percentage in bitcoin because I know it would increase more than this in time to come.

Landed property is just the right investment for that kind of money because that's the trending business nowadays and so many people are making a lot of money from it, actually is not like there are no more profitable business aside from landed property but as an entrepreneur you are not just looking at short term profits interval but instead you are looking at something that would last forever because we all know that there would come a time in everybody's life when they will no longer have the strength to work so those investment will stand as a monthly or annually income generator for them, so actually I love your investment ideas because is a very lucrative investment to venture into and also if I'm given that kind of money landed property will certainly be my first investment because it comes with a lot of good advantages.

But the thing is that no matter the interest someone would have on other investment be it landed properties they shouldn't empty there Bitcoin portfolio because is very important for someone to remain some amount for holding while they continue there other investment because the potential of Bitcoin is no longer hidden to anybody so we all no that anyone who is willing to hold will certainly benefit huge from Bitcoin, so always keeping some amounts is very important.

Yes! Like I said before I wouldn't want to emptied my bitcoin holding because I know that in time to come bitcoin would still double the price now and if one emptied their wallet to other investment they would still regret for not keeping some percentage to bitcoin than just pushing out to physically and landed properties. On a stance Bitcoin if not for the volatility nature then I can say there isn't any need having other investment rather than to keep stacking more and more bitcoin and of course in future be it 10 to 20 years time to come you would see that today we are still in a better chance to accumulate enough volume than when it would get to that time when we could no longer have that much access to much volumes of bitcoin.

[HajiBagi]

Like this OP make we comot joke like this, if I just see 1 Bitcoin or money wey amount to 1 Bitcoin I go turn Sabinus 😅 hehe..
If I'm to be in such possession I would hold better part of it in Bitcoin and use the rest make things much comfortable for myself and family but comot joke I go flex normally, still setup one or two investment aside Bitcoin wey go dey fetch me daily living.

Everybody get their own plan but for me, as you just talk am say you go hold the better part of the bitcoin and use the remaining part chop life E no bad because even me na waiting I dey think be that but my brother if you get that kind money or 1 btc for hand my brother you go first compos yourself and how your go take spend am, you fit reason am say you wan keep some from the bitcoin but I believe say you go spend more than half of it to settle yourself and your family, with this kind hard economy wey we dey face for Nigeria so I fit sell my own all use the money start a business wey go bring profit and I will be able to buy bitcoin.

Na who belle food dey hold bitcoin, the first thing wey come your mind if that 1 btc enter your aza na to solve your problem ooh, in fact I believe say you go build house and also buy car, and you will like make you get business wey you go dey do and be able to put food on the table, although 1 btc no be small money for Nigeria now but my brother if you look at your condition you go like make you sell the btc use the money settle yourself and your family.

[Nonstop_H]

It's no news that the economy of our country is draining day by day, leading to more Bitcoin advocates in the country. With the continuous hardship in the country, I bring to y'all this topic " what to do with 1 BTC as a Nigerian".

So, I once saw on a thread somewhere in the forum where these white people posted houses and cars they'd get if they had a Bitcoin and it varied from country to country. Decided to bring it to our board since we can all relate to the current price of 1 BTC which was recently over $34,000 and in our Naira currency is #27,110,056.50.

We really don't have to limit it to houses and cars only, just generally as a Nigerian what would you do with 1 BTC? Get a business, trade , hodl, real estate and many others...

  op thanks for this thread but would be better making reference as this topic is already in existence in the main board. Normally considering the rough estimate done here so far from 1btc to dollar from dollar to naira, the money dey huge. And to me it is quite enormous for expansion.in life you don't live to only make life meaningful to ur self alone, the beauty of life is to impact in other people's life positively, as such setting up a legit  business like real estate, land acquisitions , gas filling station that will attract employer of labour with good management no go bad. Meanwhile this should be done with majorly our profit.while buying and long holding of btc becomes our most priority.

[(Hummus)]

just generally as a Nigerian what would you do with 1 BTC? Get a business, trade , hodl, real estate and many others...

Currently now 1 BTC is 87664576.69NGN if I have it now it will be very good for me because I will send must of it in buy houses establishing my business and investing it in agriculture

[Agbe]

As of then 1 BTC was equal to  $34,100 and now currently 1 BTC is $54,100 and and $1 is N1630 therefore $54,100 is N88,183,000. Wow!!! That huge amount of money that can lead someone to the middle class living in the country. As for me I will use the formula of 50/50. Which should be N44,091,500 to invest back and the remaining balance of N44,091,500 to start an Estate business. But we have different opinions and different thinking and different expenses. Those who have been in the cryptocurrency space for a very long time would like to invest more even if they use half as I demonstrated before. In the situation we have found ourselves now in the country, opening a good business that can fetch change as income for you to solve some of the daily bills will be good to start with.

[Davidvictorson]

As of then 1 BTC was equal to  $34,100 and now currently 1 BTC is $54,100 and and $1 is N1630 therefore $54,100 is N88,183,000. Wow!!! That huge amount of money that can lead someone to the middle class living in the country. As for me I will use the formula of 50/50. Which should be N44,091,500 to invest back and the remaining balance of N44,091,500 to start an Estate business. But we have different opinions and different thinking and different expenses. Those who have been in the cryptocurrency space for a very long time would like to invest more even if they use half as I demonstrated before. In the situation we have found ourselves now in the country, opening a good business that can fetch change as income for you to solve some of the daily bills will be good to start with.

Yes Agbe, N88,183,000 is a lot of money and I can tell you that if invested wisely can be turned into generational wealth. With one bitcoin, I'll buy a good landed property in a choice area. One of the businesses that gives a good return on investment in the city where I live is the short let business. I mean a fully furnished and serviced apartment where people chose to stay when they visit the city rather than staying in hotels. It is majorly for those which deep pockets who love luxury and privacy. That's what I'll do and because they pay an average of N50K per day you can imagine how much one would make if they have different guests every other week.

[Cryptomultiplier]

As of then 1 BTC was equal to  $34,100 and now currently 1 BTC is $54,100 and and $1 is N1630 therefore $54,100 is N88,183,000. Wow!!! That huge amount of money that can lead someone to the middle class living in the country. As for me I will use the formula of 50/50. Which should be N44,091,500 to invest back and the remaining balance of N44,091,500 to start an Estate business. But we have different opinions and different thinking and different expenses. Those who have been in the cryptocurrency space for a very long time would like to invest more even if they use half as I demonstrated before. In the situation we have found ourselves now in the country, opening a good business that can fetch change as income for you to solve some of the daily bills will be good to start with.

Yes Agbe, N88,183,000 is a lot of money and I can tell you that if invested wisely can be turned into generational wealth. With one bitcoin, I'll buy a good landed property in a choice area. One of the businesses that gives a good return on investment in the city where I live is the short let business. I mean a fully furnished and serviced apartment where people chose to stay when they visit the city rather than staying in hotels. It is majorly for those which deep pockets who love luxury and privacy. That's what I'll do and because they pay an average of N50K per day you can imagine how much one would make if they have different guests every other week.

Acquiring real estate or landed properties is a good use of 1 BTC and in addition, I think one can buy gold and other precious ornaments for future reinvestment purposes upon sale or liquidation.
For me, my thoughts on how to spend 1 BTC ain't much different from yours, but I would rather buy several businesses and put under a management that ensures that there's annual profit and reinvest the rest into other cryptos with both long and short term profits, because I believe one doesn't and shouldn't ignore the source of wealth that has made them millions and is a sure guarantee and hedge against inflation.