Hodl (Naija)

[Karl_3000]

The question is how much bitcoin can you hold weekly from the income you earn weekly? If you earn monthly, just divide the amount by 4, what percentage from the income can you use to invest in bitcoin?

This thread is not for the weak people that will buy bitcoin today and sell bitcoin tomorrow, we are holding for years.

We would also use this thread to discuss about bitcoin price frequently.

Hold bitcoin for retirement time, hold bitcoin during the lifetime.

We hold bitcoin we hold value.

Naira? You all know better.

[Inior]

Aside to hold bitcoin for long period seff, instead of make person save for fiat i go advice make e leave the money for bitcoin because the way fiat dey devalue na something of great concern. I just pity those people wey still dey pack money dey go full their banks, especially this period wey government don decide to become tax collector dem go help you split your money especially when the amount big. Only this move by the government don prove to us say we no dey that era of holding too much fiat. If you get bitcoin leave am for where e dey to avoid putting yourself for unnecessary problems like taxing, and the fearful part na besay this is the first time, we never know how dem wan use to cut the money dem so why fall victim for this first trial all in the name of being a good citizen.

Then to answer your question, if I get a signature campaign I believe the goal is to hold everything for as long as i can since I already have a source of income.

[Jubilee58]

Buying bitcoin weekly or monthly is very interesting because before you accumulate Bitcoin for a year, you must have held reasonable Bitcoin in your portfolio. Using part of your weekly or monthly income to invest in Bitcoin is also a good idea because you also need some money to take care of other responsibilities and possibly diversify in your investment too.

To make the most profit out of bitcoin, holding for the long term is the key, you can hold bitcoin in your portfolio as long as you want, so far your account is well protected. There are different reasons why people hold bitcoin, while some will hold for retirement, others are holding for other reasons and on the whole, long term Bitcoin holders enjoys Bitcoin investment better.

[Josefjix]

I voted 30% to be holding Bitcoin from everything off my income. To be frank, I don't mind staying moderate and be contented with the Fiat I receive monthly than spending my Bitcoin. I always asked, why am I spending assets like it's nothing, I do not want me to label myself as someone that do sell assets all the time because of hunger, I no like the statement and identity about myself this way.

I told a friend of mine that I am privilege to be receiving asset every week as a form of salary, it would be foolish of me to be selling my asset for Fiat because of survival, that sounds like I'm a junkie for doing that, so I never try to touch my Bitcoin, instead, I leave it in my wallet for longer period of time.

[PostQuantumBTC]

I will go for 25% which is not listed among.

It is not just short term holding but it is a long term holding. I am not selling unless I need to money urgently to do something but which Indo not think I will need urgently.

It is good that bitcoin is not falling like before when Trump first began his trade war with many countries.

Because of his plan to take over Greenland, he is threatening 8 countries in Europe with 10% tariff, but bitcoin did not fall.

[ZeroVinsonN]

While you are busy HODLing don't forget to also keep accumulating if the plan is to maximize profit if not if you just buy a particular amount and then decide to HODL it then you might definitely make profit but it will be limited to how much you actually have but when you keep accumulating and HODLing you increase your chances at profit while also increasing what you percentage profit will also be in the long run.

[Karl_3000]

Bitcoin price

₦135,490,407 ($95,250)

[Cryptoprincess101]

Due to the current economic condition in the country, hodling 10% of one's income weekly is better because with that percentage you cannot think of tampering with it because it's almost the same as the amount that you can use to have fun and chill out with friends weekly so if you are investing with that mentality, it will remove your thinking away from your investment which means that it will help you to hold for a longer time. Even if you have an emergency need, that 10% you kept in bitcoin may not really be able to sort that need which means that you will find alternative means while you are still hodling. But if you invest a higher percentage, there is high probability that you can tamper with it when an urgent need arise which won't be a good practice as a long term hodler. I voted for 10% because that is the amount i can afford to lose from my income in a week.

[Derekfunds]

The question is how much bitcoin can you hold weekly from the income you earn weekly? If you earn monthly, just divide the amount by 4, what percentage from the income can you use to invest in bitcoin?

This thread is not for the weak people that will buy bitcoin today and sell bitcoin tomorrow, we are holding for years.

We would also use this thread to discuss about bitcoin price frequently.

Hold bitcoin for retirement time, hold bitcoin during the lifetime.

We hold bitcoin we hold value.

Naira? You all know better.

The challenge some people have is they don't have a stable income that will help them to be accumulating every week and for those of us that will see it as a challenge or threat to be accumulating weekly, please don't see it as a challenge or threat because it is not and it is not compulsory that we should invest or purchase every week but rather we are to carry out this activity of purchasing Bitcoin whenever we have discretionary and I know it is not every week someone will get a discretionary especially those without a stable and steady source of income but don't get yourself worked out or pressure yourself, just accumulate based on your reach and capacity and the most important thing is not stopping.

[Karl_3000]

The challenge some people have is they don't have a stable income

It is not about having a stable income, if they earn any amount of money, how much percentage from it will they be able to invest in bitcoin, that is the reason I said if it is monthly they earn, they should divide it by 4 to make the weekly calculation. Diving it by 4 is not necessary because they will still get the same percentage but I just want to let people know that it not not necessarily a week investment. It can be a day, 2 days or more, a week, a month, 6 months, a year investment interval.

[Barikui1]

The question is how much bitcoin can you hold weekly from the income you earn weekly? If you earn monthly, just divide the amount by 4, what percentage from the income can you use to invest in bitcoin?

It all depends on the discretionary income you were able to figure out after basic expenses and needs have been met.
 Dividing your basic income into four different part and invest one part of it seems logical, but sometimes you might miscalculate your basic needs and it may compel you to still falls back to you Bitcoin investment, which is not good for the stability and growth of your Bitcoin stash.
 So settling all your basic needs first and invest with the discretionary income left is the ideal way to invest in Bitcoin, since it gives you that leverage of affording to do away with, without you falling back to your investment later in the future.

[Adams0001]

The challenge some people have is they don't have a stable income that will help them to be accumulating every week and for those of us that will see it as a challenge or threat to be accumulating weekly, please don't see it as a challenge or threat because it is not and it is not compulsory that we should invest or purchase every week but rather we are to carry out this activity of purchasing Bitcoin whenever we have discretionary and I know it is not every week someone will get a discretionary especially those without a stable and steady source of income but don't get yourself worked out or pressure yourself, just accumulate based on your reach and capacity and the most important thing is not stopping.

And if you don't have stable income to accumulate Bitcoin will always come difficult for you because you don't have stable income that can be paying always that you can buy Bitcoin or topping of your bitcoin investment. If you can't be getting money always that you can be topping your invest even you have invest some funds you can just leave it for long term and set your target and just wait for the profits, is not by force or most you will should be accumulate your coin every week not everyone can do that, so buy just buying and keep it for long term can set your what target and anytime you achieve your target you should sell and when ever you have more funds you should invest again and that is how u will be successful in bitcoin but no that nothing comes easy challenges most comes up sometimes.

[abaeze]

The question is how much bitcoin can you hold weekly from the income you earn weekly? If you earn monthly, just divide the amount by 4, what percentage from the income can you use to invest in bitcoin?

This thread is not for the weak people that will buy bitcoin today and sell bitcoin tomorrow, we are holding for years.

We would also use this thread to discuss about bitcoin price frequently.

Hold bitcoin for retirement time, hold bitcoin during the lifetime.

We hold bitcoin we hold value.

Naira? You all know better.

The devaluation of the Naira and inflation have left people confused, with bank officials deducting Naira in the name of new bank rules and charges, creating distrust in banks. As fiat currency, i.e. the Naira, is rapidly losing value and the government is increasing control over bank money, keeping money in the bank is like "putting all your eggs in a bottomless basket". Therefore, it is safer and wiser to keep Naira in Bitcoin rather than depositing it in fiat currency. We can't say exactly what will happen in the future, but in the current context, it is easy to guess what may happen. Therefore, I think it is better to plan for the future and invest in Bitcoin patiently for the long term with DCA strategy and convert bank fiat to Bitcoin if necessary.

[Olatundespo]

I started with $10 a week in the initial stages of Bitcoin accumulation but had a few weeks off due to inconsistent income. Later I started Bitcoin again and currently I am accumulating $20 a week. But gradually my goal is to increase it to $50 in the next two years. As my income increases, my discretionary income will probably increase and I will be able to increase my Bitcoin savings accordingly.

I do not consider percentages when buying Bitcoin. I always allocate a certain portion of my discretionary income to buying Bitcoin. I actually allocate about the same amount to Bitcoin as I use a portion of my income to grow my wealth. I have set an emergency fund to put Bitcoin investments towards long term holding target.

[Ishicryptic]

How much you use to accumulate Bitcoin and hodl depends on the level of your income and unavoidable expenses, if your income is much and your basic expenses is also much your Bitcoin accumulation will be affected. The percentage of Bitcoin that you can buy depends on the size of your discretionary funds not really about how much you earn, if your income is small and you can be able to cut cost from your basic expenses then you can increase the percentage of your Bitcoin accumulation in your DCA method. Every investors have to decide how much they are comfortable to use in Bitcoin accumulation, if me and you earn the same income it doesn't mean that we should use the same percentage of money to accumulate and hodl.

[Salahmu]

Since is about knowing what percentage a Bitcoin investors can invest for week and months, the title should have also carried something like percentage use so that it will go well for the statement, however I go like as we go also they talk about prices for here, but is better cutting a salary in four places and use one in Bitcoin than using percentage because is hard sustaining the percentage as responsibility changes every month so actually instead of this why not increase buying if na when the money choke for the week or for the month then when e no plenty you only enter market and buy Bitcoin way you fit so that e no go exhaust you.

[Karl_3000]

So settling all your basic needs first and invest with the discretionary income left is the ideal way to invest in Bitcoin, since it gives you that leverage of affording to do away with, without you falling back to your investment later in the future.

If your weekly income is $100, but your discretionary income among it is $50, but you are able to afford $20 from the $50, that means you can invest $20 on of your income on bitcoin. That makes it 20% of your income.

Since is about knowing what percentage a Bitcoin investors can invest for week and months, the title should have also carried something like percentage use so that it will go well for the statement

People should read the topic instead of reading the title alone. What I am still thinking of is to edit the title to hodl (naija)