I understand the current situation in the country very well, so I have been buying Bitcoin with Naira for a long time, which was my pre-planned decision. However, before investing in Bitcoin, every Nigerian should have a source of income and whatever money is left after meeting basic expenses and needs can be invested. You are right that dividing the monthly income into four parts and investing one part seems reasonable and it is right that allocating a part of the discretionary income to Bitcoin investment can be an easy way for us. However, everyone should have a financial plan to manage this investment process properly and in my view, holding should be for the long term.
What aspect of hodl don't we understand? We grow our patience and become very crucial towards our goals. What do tell an average Nigerian about Bitcoin? Don't invest if you're ready to take the risk and always invest with what you can afford to lose. The market can be very funny at times and ensure you're ready because nobody is coming to save you when the long bearish market comes.
First of all, have a stable source of income before planning to explore in cryptocurrency because it's filled with u0 and down. None of us can survive the market if it comes for us. A job or profession will serve us because when we lose, we have nothing to bother about other than sticking to our current plan and ensuring we don't fall.
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