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Author Topic: If you were to convert your Bitcoin (BTC) to Fiat (NGN)….  (Read 121 times)
Dailyscript (OP)
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December 02, 2023, 01:49:14 AM
 #1

There is not much real estate to convey the full topic on the subject field, so I’ll just count here. If you were to convert your Bitcoin (BTC) to Fiat (NGN), based on the current Bitcoin price will you be proud of Bitcoin you have in your portfolio since you started investing. I have very little of some other cryptocurrencies because I don’t have enough money to buy Bitcoin. However I am not satisfied with the amount of crypto I have. I feel like I have not giving more attention in investing due to my current financial strength. Since this topic is about Bitcoin, I believe many here are new or old investor in Bitcoin, this is why am curious to know your thoughts towards your own accumulation. Perhaps this topic may remind or bring your mind back to take your investment more serious if you are lacking behind. I understand the economy of the country and I know it may affect some persons to not fully invest the planned amount due to life unexpected happenings.
 

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December 02, 2023, 05:13:32 AM
 #2

This topic is confusing and there is no connection between the topic title and the main post itself,  from the title you picture a misleading message that makes it look as if you are looking for how to convert your Bitcoin to naira, but while reading the main thread, I also discovered that you are talking about bitcoin accumulations and mode or method of investment in Bitcoin and how late you are in your Bitcoin accumulation journey.

Back to the discussion, bitcoin investment is supposed to be done with the mindset that, you only invest what you can afford at per time, so that when the price doesn't go in your direction, it uptrend! You still will remain in good condition to continue holding, but if you are so aimed at making quick profits, that is the only time you will have issues with the Bitcoin market behaviours since you may have to wait a long period before you make anything out of it.

So sure we may think we are too late or that we have not accumulated enough Bitcoin, but along the line, we have discovered that we are still among the early birds, considering the what the price of Bitcoin will be future.
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December 02, 2023, 07:56:22 AM
 #3

Op to be sincere you no need to get a whole 1 full bitcoin before you be bitcoiner or person wey dey hold bitcoin, na where your power reach naim you go do, beside na because of say the price of one bitcoin don high well well and some person no go fit buy ones naim make this DCA idea come to play so, so even if the money nor dey to buy 1BTC you fit dey put small small money and before you go know you don get 1BTC. So make e no be say na to buy 1BTC ones naim be your excuse wey you never buy, because this period naim be the best time to even accumulate more and after now maybe next year we go start to dey get enough profit. So concerning how I take dey buy bitcoin, na DCA I dey use, when dem pay me for work I dey commit small dey put for my bitcoin portfolio.
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December 02, 2023, 08:17:46 AM
 #4

I think you mean to convert fiat to bitcoin, instead of to convert bitcoin to fiat. If you do not have enough coins, you do not need to buy at once. But you need to hurry because the day United States SEC will approve spot bitcoin ETF is getting nearer. I think it will be between December 25th to January 10 based on what I have been reading online. But the price will still increase more as bitcoin will halve in April 2024 and more people will invest. Bitcoin is likely going six digits before 2026.

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December 02, 2023, 08:22:46 AM
 #5

First of, your writeup is as confusing as hell and it's not easy to understand the message you are trying to pass across to be honest but regarding the question on knowing the amount of bitcoin we've accumulated, Should the amount of bitcoin you've been able to accumulate become your major concern? The amount of bitcoin you have at your disposal is dependent on a whole lot of things and ranging from the time you knew about Bitcoin to the way you used in accumilating your bitcoin and of course, how much you have that you can use in investing into bitcoin that wouldn't give you a restless mind. So what ever quantity of bitcoin you are able to accumulate based on this parameters, you should be okay with it and look out for the most convenient and efficient way you can use in increasing the amount of Bitcoin you're accumilating.

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December 03, 2023, 07:56:22 AM
 #6


However I am not satisfied with the amount of crypto I have. I feel like I have not giving more attention in investing due to my current financial strength. Since this topic is about Bitcoin, I believe many here are new or old investor in Bitcoin, this is why am curious to know your thoughts towards your own accumulation. Perhaps this topic may remind or bring your mind back to take your investment more serious if you are lacking behind. I understand the economy of the country and I know it may affect some persons to not fully invest the planned amount due to life unexpected happenings.
 

If you’ve not accumulated enough bitcoin, you still have time to do that and await the ultimate bull run season. Many things must have happened one way or the other while accumulating bitcoin that will stop one from having a lots of them stored in their wallets for the bull run. That shouldn’t weaken you but rather continue accumulating gradually. If you stop when you can invest as little as you can that’s when you’ve began to fail in your investment. You don’t have to borrow money to invest, just keep it simple and continue your accumulation. The ultimate goal is to gain profit and that will happen after investment and patience which is expected from every investor as they await to reap their profits.

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December 03, 2023, 08:27:11 AM
 #7

This topic is confusing and there is no connection between the topic title and the main post itself,  from the title you picture a misleading message that makes it look as if you are looking for how to convert your Bitcoin to naira, but while reading the main thread, I also discovered that you are talking about bitcoin accumulations and mode or method of investment in Bitcoin and how late you are in your Bitcoin accumulation journey.


OP na newbie, so na learning process im de, I believe say with time im go de get im perfection small small. So make im just take note for dis one say di subject of im topic get a different meaning from di content, but all di same we get di meaning of wetin im de try talk.

My take for di matter be say now na very good time to de accumulate plenty bitcoin, because after halving next year na serious bull run go follow, and investors go cash in plenty profit. But at di same time if we no get di money to accumulate am, we no go kill ourselves or go steal because we must accumulate bitcoin. Di most important thing be say we don de informed of di financial benefit of holding bitcoin, especially as we de enter ATH. Wetin sweet me pass for bitcoin investment matter be say im no get a price tag wey person suppose take start, na as your power reach na im you go take start to de hold am. Small small you go de accumulate am and before you know you don hold plenty plenty bitcoin, be dat.

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December 04, 2023, 12:20:55 AM
 #8

There is not much real estate to convey the full topic on the subject field, so I’ll just count here. If you were to convert your Bitcoin (BTC) to Fiat (NGN), based on the current Bitcoin price will you be proud of Bitcoin you have in your portfolio since you started investing. I have very little of some other cryptocurrencies because I don’t have enough money to buy Bitcoin. However I am not satisfied with the amount of crypto I have. I feel like I have not giving more attention in investing due to my current financial strength. Since this topic is about Bitcoin, I believe many here are new or old investor in Bitcoin, this is why am curious to know your thoughts towards your own accumulation. Perhaps this topic may remind or bring your mind back to take your investment more serious if you are lacking behind. I understand the economy of the country and I know it may affect some persons to not fully invest the planned amount due to life unexpected happenings.
 

I don't really think the hardship of the economy will prevent one from not investing. Even as the economy is hard I think people still eat, nobody has ever chew grass that is to say you can squize yourself to be removing some portion of your fund to be buying bitcoin. Although is not a must, but if you have a steady stream of income, you can be saving gradually. But if you don't have work to back you up then you can relax till you meet up to demand.

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December 04, 2023, 05:09:27 AM
 #9

I think you mean to convert fiat to bitcoin
not really, Op meant if you check your invested bitcoin, how proud are you when you check the money you have earned in relating to naira

Op, just has everyone as advise its better to invest the little you have in bitcoin even if its $10, you just have to continue accumulating more as time goes by don not worry the Lord is your strength and don`t take it as a burden in not having enough to invest, invest in the little that you have and continue like that and you will be surprise of your much you have accumulate.
As for me its amazing when i check my bitcoin especially when it just $40+ this night, Thank God Grin

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December 04, 2023, 08:53:25 AM
Merited by hugeblack (1)
 #10

I learnt that no one can own it all we should be contented to what we have a still yet, it is of no progress in settling for less.
OPs scenero is as that of an earner whose bills is increased simply because his earning values is increased too. This is basically like the more you get is the more expected. There is absolutely no amount of wealth ever be enough for a man so as there is no amount of Bitcoin being accumulated would ever be enough for every Bitcoin investors. This is actually why we hodl and strives for a long-term investment because we believe tomorrow had the best nomatter how appreciatable today may be.

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December 04, 2023, 09:52:22 AM
Merited by hugeblack (2), Odohu (2)
 #11

if you were to convert your Bitcoin (BTC) to Fiat (NGN), based on the current Bitcoin price will you be proud of Bitcoin you have in your portfolio since you started investing.
Op, this current Bitcoin price will not make me convert my Bitcoin to fiat because the current Bitcoin price is showing strength for the Bitcoin halve that will take place next year in April with no estimated date. And if I convert my Bitcoin to fiat na me go still lose because Bitcoin will set another ATH after halve don takes place o, I would rather hold my Bitcoin till the new Bitcoin all-time high reaches.
 
Quote
this is why am curious to know your thoughts towards your own accumulation.
I mainly used the DCA strategy to accumulate my Bitcoin because, with the DCA strategy, I can buy my Bitcoin at different prices which will help to control the volatile part of Bitcoin in my hodling. But sometimes if I have enough money I accumulate my Bitcoin with three strategies which are lump sum buy, buy the Bitcoin dip, and buy through the DCA strategy, these strategies help me to accumulate the quantity of Bitcoin that I want faster.

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December 07, 2023, 12:17:11 AM
 #12

OP I understand wetin u sef dey try talk, just say u no too arrange your wordings well wey most persons go understand, I dey see say some people dey confuse for this topic you bring so.

OP dey try let us know say, if we check the amount of Bitcoin wey we don hold inside our wallet then convert to this our Naira if e fit amount to better money at all, OP want wey be say we check our balance finish and e no come amount to better something say we pplfit still correct am by taking this Bitcoin accumulation serious.

Nice one OP, but just say with the way things be for some people now cos I believe say for now every body dey see shege even those people wey we dey refer as rich people still dey complain for the economy. So much should not be expected from those who earn little, any Bitcoin wey dey don accumulate, the happy part about am be say everything there na their own, no loss just enjoy little profit

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December 07, 2023, 12:49:48 AM
 #13


I understand the economy of the country and I know it may affect some persons to not fully invest the planned amount due to life unexpected happenings.
But if I may ask, is there anything called "planned amount? That is, with the way the hardship and steady increase in the price of goods and services for we country dey?
See bro/sis, for me, inasmuch you have that amount good enough to afford all your basic needs this present times, for me, I will say that is enough for me, because for the fact that there is life, there is still hope, so let nobody pressure you into doing what you ought not to just for the fact you trying to hit that thing called planned amount.

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