If you can't Invest in Bitcoin, buy assets

[Chibit01]

Investing must not only be bitcoin,  their are other profitable investment that one can go into. When it comes to investment it is good to diversify, apart from bitcoin their are good investment to go into. Their are other physical investment to go after, it must not be cryptocurrency only. Everybody must no invest in cryptocurrency,  their are also good physical investment.

Real estate business is really nice and is something that every entrepreneur or business man that wants to make it should think of and that's why it's always advisable to start up something different or actually diversify your investment to actually get good balance to where your incomes flows. Having different incomes flows and investment is probably the best idea for any successful person and many persons fail to access this secret and know the importance that comes with this.

Sure I have said earlier here that real estate is Avery good business everyone should also look into but a comrade in the building actually attacks me why I should come here to talk about real estate.........

Really real estate is a good damn business that every entrepreneur should get involved in it doesn't decay or depreciate rather is appreciate every given year it might not be so fast in appreciation but I must tell you that's one of the business right now apart from bitcoin investment

Choice of business will always be different. I don't see any reason why such person should tackle you since this is just an opinion. Diversification is one of the key to a successful businessman. Sharing one investment between online and offline business isn't a bad idea. The main thing is just for profit to be made.

Thanks comrade for your understanding some has become so blind with crypto forgetting that they can't compare online investment to physical investment like real estate I do inve BTC am proudly a BTC investor but that doesn't mean that I can invest in any other assets more like real estate....

[Pi-network314159]

If asset were to buy, the assets I will sudjest is land. La d I a volatile asset that doesn't depreciate so easily. Buying of landed property like house if your money can afford it. Apart from buying of property building of house for rentage is a best and retirement project that will last you upto you old age. Lets take for example building materials are very expensive nowadays and those that build there houses when building materials are cheaper now have more advantage over the newly built houses. Because both of them are charging thesame amount of rent to tenant. The more new houses becomes  expensive the more the old houses becomes expensive too. there is no difference so house is another asset to acquire.

[Lida93]

If you're a good business person that knows how to read the times and study the market, there is so much you can make out of this consistent increase in the price of major goods in this country

Does that mean, that we should be happy when the price of things constantly increase in the market? For all I know, what ever goods you are selling or what ever business you are into, an increase in price in the general market will also make you spend more than you used to while purchasing your goods.  Most time, the problem of our country is we the people. Just last 2weeks here, the price of a water bag went up to 500naira. Traders saw this as a way of making profits for them self. Selling one sachet for 50 naira(here in my area). This I think it's unfair because if you are to buy from factory as a trader fr maybe 400 or 350 then you are selling a sachet for 50naira that means you mean to make profit of 500 back that's over gain and not right. We shouldn't see the condition of the country as a means to be smart as we will all suffer the consequences. If you notice in This country, what goes up doesn't come down.

The economic hardship in the country we have times without number blamed it on the politicians that are in charge of the allocation of resources (don't get me wrong about what I want to say, am no way exonerating them either on this) but imagine where all the marketers/businesses men/women have now without conscience are poised to make  an extra 3 times gain of whatever item they are selling out there

and to them they fill it's an opportunity to make profit thereby causing an artificial economic hardship that could be avoided if all decides to make at least a 10-15% gain in whatever items they are selling. But because the institutions responsible for price control has failed in it's duties the market men and women has jump on the crude opportunity to pillage the people forgotten that what goes around comes around.

Days ago, a fellow Nigeria was complaining on X about his ordeal with a sachet water seller that took the opportunity of his car breaking down along the Lagos mainland bridge due to overheating, and he called on the sachet water seller to  get him about 10 sachet of water thereabout so he could pour into his radiator (engine cooling)  the young lad sold each sachet for #50 which was not supposed to be so but the car owner had no option but to buy at that price due to his state at the moment (and this is same in all other commodities). Now the young lad will go home feeling he had made a profitable business for the day but that's bad and exploitative business.

This is exactly the nature of things now in the country,  the prices of alot of goods and services are outrageously inflated by the business men and women when the actual price has gone anywhere near what they are selling at, and we all keep blaming the government when we are our problem in the first place. This is all greed. On the other hand I blame the government because they are failing on their mandate to judiciously enforce the legitimate coercive use of force through it's appropriate price regulatory agency in all of these happenings.

I don't know or understand anymore where we're going again. Only time will tell.

[Cryptoprincess101]

When you go to the market to discover that a material that was sold for 50k last three months is now valued at 120k, what comes to your mind? The normal thing is to shout and point accusing fingers at our leaders and how bad the economy has become but do you know that you've walked into an investment opportunity and never knew or saw it?

I use tell people that with the way things are going in this country, if anyone is hoping that things will come down it's really a big joke because even if the price of things reduces, it will not go back to the initial price it was before the price went up so anyone that have sense now will know that acquiring and asset now is very important because as years goes by that is how those assets is increasing in value such that in future, even if you want to resell it you will make some huge profit.

[Salahmu]

When you go to the market to discover that a material that was sold for 50k last three months is now valued at 120k, what comes to your mind? The normal thing is to shout and point accusing fingers at our leaders and how bad the economy has become but do you know that you've walked into an investment opportunity and never knew or saw it?

If you're a good business person that knows how to read the times and study the market, there is so much you can make out of this consistent increase in the price of major goods in this country.

We know that the situation in the country now is somehow difficult especially when it comes to price of commodities and goods whereas the things we bought sometime again are worth more than that now, so truly is a great opportunity as a man who is business oriented person to take advantage of the market and follow the trend but however one thing you most know is that there is every probability that things will not always remain this way, although it is believed that in the country whenever a price of commodities go higher it is very difficult to come down but we shouldn't always feel that things will remain the same, so right now what is coursing the high price of commodities in the country is because of the Economic unstablity, so I believe that a time will come and the system will stablize, so perhaps someone should be very careful while taking advantage of buying commodities with the believe that you will make a huge money in a month or a year to come because you could be cut off on the process were all the goods you purchased at the price of 50k will reduce to 10k, so as a business man you should always be mindful of the possible disadvantages because in terms of market fluctuations anything is possible.

[laijsica]

I think no need to buy other assets. While Bitcoin into your grip you can buy this and hold for 4-10 years... It can return you a lot.

[Hewlet]

I think no need to buy other assets. While Bitcoin into your grip you can buy this and hold for 4-10 years... It can return you a lot.

who are you buying Bitcoin? Is it just people are telling you to do so or it's basically because you want to make profit out of it.

Buying Bitcoin and holding for the four year interval is good and I'm not suggesting it's not but you should also know that it's not good to put all our eggs in one basket and that's the reason we might consider another form of investment that we can run to if in times of emergency or that can even help us invest more into our Bitcoin.

Let's assume you invested into real estate and you have houses you've given out for rent, don't you know that ymif you're accumulating Bitcoin with the DCA strategy, it's even easy to collect your rent on a monthly bases during which you can use like 50% of the money to buy Bitcoin and keep the rest for your upkeep and other impromptu activity?

[Makus]

Op you mean buying to store for a long period and them sell, I might have a problem with that because, the price of things in the market changes,  the old products tend to reduce in price while the new ones start with high price. Aside from what we are experiencing with the dollar/Naira increase. The normal price of the old stuff tend to reduce, you can clearly see this from gadgets and cars. To me buying now and storing for a lengthy period like the 5 years you mentioned is too much. Considering how desperate the government are in making the dollar to naira rate come down, some with that kind of business idea could end up in loss after he has bought for a high price and then things start getting better and the hike of price of product decreases to the normal.

[Obim34]

I have a very contradicting view from what you saying OP, we all should be aware that what remains constant is change. Nigeria years back was actually in a good state and we moved from bad to worst and are very much likely to return back into a much better state, we keep the positivity going, if we can invest aside Bitcoin it should not not be just any goods but some specific assets like land, real estate and some commodities.

Their are also seasoned goods in the country that we can invest into, profits is in a shorter time frame like the palm oil and so many.

[DubemIfedigbo001]

When you go to the market to discover that a material that was sold for 50k last three months is now valued at 120k, what comes to your mind? The normal thing is to shout and point accusing fingers at our leaders and how bad the economy has become but do you know that you've walked into an investment opportunity and never knew or saw it?

If you're a good business person that knows how to read the times and study the market, there is so much you can make out of this consistent increase in the price of major goods in this country.

In this country, any real asset you buy today will be at least five times it current value in the next five years and if you think I'm wrong you can take yourself five years backwards and look at the prices of so many common stuffs like roofing zincs, cement, phones, all building material, lands and even normal vehicles.

As we set out part of our resource into Bitcoin investments, let's not close our eyes to the bounty opportunity that's available for us  to possibly invest into that will certainly yield a good amount of profit for us in five or ten years to come.

Interesting points, its pertinent to know that bitcoin isn't the only valuable asset currently and for me I don't believe in throwing all my eggs into one basket. In as much as I'm holding, I'm also investing into agriculture and as the reading season is drawing closer, I've started thinking of maximizing the season by investing in fishermen, helping the acquire enough fishing nets, so I can be having my share of their proceeds from every fishing activity.

Truth be told, with the situation of the country now, there's ample opportunities to thrive in any small profitable venture you engage in, reason being that there are lesser competition now ass its only the strong hearted and wise ones that engage in profitable ventures now. Things are so difficult that most people have lost their capitals. If the yours now, you might even be enjoying monopoly or slim competitions.