Are there still strong holders in our country?

[JoyceBTC]

I'm on the learning process of bitcoin investment and what I've learnt so far is that holdling it is the best form of adding value to your money, if only people can be very patient and hodl it for a very longer period, anyways let's capitalize on "Patience"  which is one of my major reason for coming up with this post.

We all know that our economy is getting very bad as the day goes and it's very difficult for most people to feed not to talk of having the patience to hodl their money and watch it grow, people would rather use it to feed and sustain themselves, although I'm not speaking for everyone but I'm curious to know if there are still serious holders in our country in this present economic situation?

[Pablo-wood]

We all know that our economy is getting very bad as the day goes and it's very difficult for most people to feed not to talk of having the patience to hodl their money and watch it grow, people would rather use it to feed and sustain themselves, although I'm not speaking for everyone but I'm curious to know if there are still serious holders in our country in this present economic situation?

The economy might seem hard but people are still cashing out major on real time investments. I have come to understand that positioning and strategizing when things gets tougher makes it easier to navigate any economic situation. That been said there are still patient hodlers even as the economy seem so unpredictable.

Having multiple streams of income is one method that helps investors take their minds off their holdings. Most times it's pressure, lack of funds and impatient make people rush into selling their coin.     

[Obim34]

We all know that our economy is getting very bad as the day goes and it's very difficult for most people to feed not to talk of having the patience to hodl their money and watch it grow, people would rather use it to feed and sustain themselves, although I'm not speaking for everyone but I'm curious to know if there are still serious holders in our country in this present economic situation?

Why go far exploring serious holders in the country when you have a good number of Nigerians in the forum that are Bitcoin enthusiast. The question can begin from each and everyone of us here, as part of Nigerian into Bitcoin, I can tell for sure that most of us Nigerians don't spend Bitcoin as a currency, both engagements on Bitcoin is either trading or holding Bitcoin.

If you are not a big earner in Nigeria, the only possible way of growing your investment large is by accumulating over successive period of time, bit by bit your investment grows with every portion you buy, this will allow you manage your spending from your income and won't feel the weight of diverting part of your money inside Bitcoin.

[Donk1]

Yh  you have asked a good question Our Nigeria economy is very bad right now and as you said, things are still going up so, yh it defintely hard for everyone. But will you believe if I told you that even with this hardship of our country   many people in Nigeria are still investing and holding in bitcoin up till now not because the economy issues doesnt reach where dey are but because they have already been used to the market volatility and right now it is  hard to compare a 5 years or 10 years investors to a 5 month's investor in bitcoin it's not possible. One has build his psychology and the other is still building his so it's easy to say there are still serious investors who are ready  to hold for the long term in Nigeria because for many folks it is not all about profit making but to also protect our funds. So yh, it is better you invest in bitcoin and increase value of your assets than to keep your money in naria so it would just reduce value. That's just it.

[Coyster]

Nobody go come tell you say dem get a huge pile of bitcoin wey dem don store. We know how being private and discreet is so important in the network. That said, from a general point of view, if you get anything wey you dey do wey dey give you bitcoin and you come get a real job, e go dey very easy for you to hodl the bitcoin wey you dey get from that service wey you dey offer. You go take your bitcoin earnings as an investment, while your real life job na for expenses and emergency funding.

[Tmoonz]

Yh  you have asked a good question Our Nigeria economy is very bad right now and as you said, things are still going up so, yh it defintely hard for everyone. But will you believe if I told you that even with this hardship of our country   many people in Nigeria are still investing and holding in bitcoin up till now not because the economy issues doesnt reach where dey are but because they have already been used to the market volatility and right now it is  hard to compare a 5 years or 10 years investors to a 5 month's investor in bitcoin it's not possible. One has build his psychology and the other is still building his so it's easy to say there are still serious investors who are ready  to hold for the long term in Nigeria because for many folks it is not all about profit making but to also protect our funds. So yh, it is better you invest in bitcoin and increase value of your assets than to keep your money in naria so it would just reduce value. That's just it.

You guys shouldn't be in a hurry to forget that no matter how hard or bad an economy can be there are still those eating and throwing away remains while others are struggling, no matter how good an economy can be every one can never be on the equal financial status and this is normal now regarding to buying and holding Bitcoin for the long term, it is expected that priority should be given to meeting up our basic needs at every point in time before considering buying Bitcoin with a discretionary income, anyone struggling to take care of their basic needs can never hold Bitcoin, that people don't come publicly to announce the size of their holding or telling the public that they are holding doesn't mean there are no holders in the country, in Bitcoin investment it is more important we think about ourselves and what can be achievable.

[Derekfunds]

I'm on the learning process of bitcoin investment and what I've learnt so far is that holdling it is the best form of adding value to your money, if only people can be very patient and hodl it for a very longer period, anyways let's capitalize on "Patience"  which is one of my major reason for coming up with this post.

We all know that our economy is getting very bad as the day goes and it's very difficult for most people to feed not to talk of having the patience to hodl their money and watch it grow, people would rather use it to feed and sustain themselves, although I'm not speaking for everyone but I'm curious to know if there are still serious holders in our country in this present economic situation?

The bad economy doesn't only affect us or will I say it is not just our country that the economy is bad because there are some advance country that their economy is worst than ours so we should not be talking about our economy because there is nothing we can do and that makes it a total waste of time and energy. Yes we have serious holders in this our economy and I don't think you are expecting them to come answer you here. Even with the bad economy some folks are still living large and feeling alright that is because some of these folks really  plan and package themselves well and you should know everyone can not invest or hold Bitcoin because there are different class of individual.

[Skydrill]

I'm on the learning process of bitcoin investment and what I've learnt so far is that holdling it is the best form of adding value to your money, if only people can be very patient and hodl it for a very longer period, anyways let's capitalize on "Patience"  which is one of my major reason

I have discussed Bitcoin with several people and most of them sort of share same ideology as you do, most of them would say holding for a long time is more preferable strategy to engage if you must add value to your investment but on the other hand there are other methods which I think could also yield good profits though not as much as the holding pattern but at least for starters it is a good method especially for those who do not possess the ability to wait longer(patience)it better to buy and lookout for when there is an increase in value then maybe you could cash out and decide either to buy more or to wait for another opportunity.

[SOKO-DEKE]

I'm on the learning process of bitcoin investment and what I've learnt so far is that holdling it is the best form of adding value to your money, if only people can be very patient and hodl it for a very longer period, anyways let's capitalize on "Patience"  which is one of my major reason for coming up with this post.

We all know that our economy is getting very bad as the day goes and it's very difficult for most people to feed not to talk of having the patience to hodl their money and watch it grow, people would rather use it to feed and sustain themselves, although I'm not speaking for everyone but I'm curious to know if there are still serious holders in our country in this present economic situation?

Despite the hard economic situation in our country, there are still those who are making money and living fine. So  it's not everyone that is feeling so bad about the economy. Those who have money and multiple sources of income are holding onto their Bitcoin investments.

It is only poor people who may find it difficult to hold during this current period of economic hardship. In fact, even among the average poor people, there are still some who are holding onto their Bitcoin because they have set targets and are willing to endure certain conditions rather than sell.The point is those who truly want to hold will surely be holding.

[Cryptoprincess101]

Sure, there are people who are holding bitcoin for a very long time without tampering with their holdings but i think that the people that are holding more bitcoins are the rich people. I knew of a girl from a very wealthy home who have been holding bitcoins since 2023 when she got the knowledge about bitcoin, and she always post on her social media account how she always uses the DCA to buy bitcoin so i believe since must have gotten a huge portfolio by now depending on how much she has been able to accumulate. About a couple of months ago, a billionaire jokingly asks his daughter to send him some bitcoins so before he told his daughter to send him bitcoins it means that they are holding as well. People are holding stash in bitcoins, but no one will just come openly and tell you that they are holding bitcoins, even some of us in this forum are strong holders. If you scan some people's bitcoins address you will be shocked on how much some person's have stacked in bitcoins.

[Miles2006]

I'm on the learning process of bitcoin investment and what I've learnt so far is that holdling it is the best form of adding value to your money, if only people can be very patient and hodl it for a very longer period, anyways let's capitalize on "Patience"  which is one of my major reason for coming up with this post.

We all know that our economy is getting very bad as the day goes and it's very difficult for most people to feed not to talk of having the patience to hodl their money and watch it grow, people would rather use it to feed and sustain themselves, although I'm not speaking for everyone but I'm curious to know if there are still serious holders in our country in this present economic situation?

You don’t have to worry about the populated number of people investing in bitcoin because people still make way to invest. Although the economy can affect bitcoin holders in different ways especially inflation can result to poor management, with the rate of bitcoin adoption in Nigeria I’m convinced people still hold but knowing the exact number is difficult.
The economy condition cannot deprive an investor from investing regular, all what they need at the moment is a nice cash flow that can help sustain their needs alongside holding using the discretionary income, what most people fail to understand is the dca strategy can help in terms of investing gradually using the amount available at this point the economy is never considered a threat.

[Oshio-man]

I'm on the learning process of bitcoin investment and what I've learnt so far is that holdling it is the best form of adding value to your money, if only people can be very patient and hodl it for a very longer period, anyways let's capitalize on "Patience"  which is one of my major reason for coming up with this post.

I agree with you on how to add value to your financial status, but don't forget that there are some high risk you will embark in your holding before you can succeed to add value to your financial status, which is what some new investors don't want to embrace, there are short term holding and long term holding and they are good in making income from bitcoin, but you cannot earn the same amount of income from the same because long term holding bring huge income than short term , if you prefer long term holding which is the most favourable to holders, you must exercise patience in your holding because that is what will make you to experience what will make you to earn income you have never earn before.