Hodl (Naija)

[Out of mind]

The amount of Bitcoin a person can buy based on their weekly income depends on how much their savings will last. There are also many who plan to save a percentage of their monthly income and invest it. If they meet their daily needs and later buy Bitcoin with their savings, then I think it will definitely be a good plan for them.
Currently, most people invest in Bitcoin and hold it for a long time only with the aim of getting a high price. So the more Bitcoin they can buy from their monthly income, the more value they will get in the future, but that investment must be for a long time. We know that keeping Naira is not profitable at all, but the possibility of loss is high, in which case investing in Bitcoin and gold is a good option. For a long time and to get high price returns, gold and Bitcoin are the best for investment.

[Rockson1]

The easiest way to figure out the amount you will use for your weekly or monthly Bitcoin purchase is after sorting out all expenses,It is advised to invest with our discretionary income that's the Left over after all expenses is been carried out. if this method is working perfectly for you then I would say you should keep it up, but I'm not okey with This method of dividing my weekly income into 4, and even though I go with this method it won't work Because after dividing them into 4 I will be Left with just little or zero balance Because my weekly income is not that Big to be split into 4 so I would rather wait until I get paid fully that's month end.

Ones disreationary income remains what we need to invest in Bitcoin, I would've reacted to the op title and because it does not relate very well with the content of the message, he would have make it to relate to what he is trying to share, moving away from that, Bitcoin investment is mainly for smart thinkers, it is long-term investment for a reason, it means as investors we have to figure out ways that we can invest in it without having issues or at some point having the mindset of withdrawing our investment, I do not want to go into any detailed stuff, but what I know is that if an investor earns weekly, his disreationary income should be used to invest weekly, if it is monthly, the same should be done and that is all.

[Dr.Bitcoin_Strange]

I actually picked 30% because expenses can varies weekly or monthly depending on the level of responsibilities you have on your shoulders. If you had less expenses this month, it could be higher or lesser the following month and that's what will determine if you are going to be increasing or reducing your investment amount on Bitcoin. So, some weeks can be 30% for me while some weeks can also be 40% or 10%, while some weeks can be 0% investment. It's not always fixed because things can come up  to interfere with our plans.

[Tmoonz]

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?

The amount of Bitcoin one can buy weekly or monthly depends on the amount of discretionary income available after attending to your basic needs. Of course, some might have a high propensity of expenses depending on different reasons, either large family size, maybe an ongoing hospital bills to be cleared or so many other factors, and such an investor might end up only investing little as remaining from his general income. While on the other hand, someone might have little expenses to attend to at the end of teg week or month depending on your cash flow, and so such a person buys more bitcoin., and of course, the major is the amount you receive as pay, either big or small has a large impact on how much you can buy at the end of the week or month.

I wouldn't say that the amount of Bitcoin one can buy weekly or monthly solely depends on the amount of their discretionary income that is available, even while our investment money will come from discretionary income the amount to be invested depends on how much importance such person place on their Bitcoin investment, some people might not be that investment oriented such that they might chose to invest any amount of their choice that is not completely depends on the amount of level of their discretionary income.

[Marvelockg]

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?

Just decide that you are going to be saving a certain percentage of your income in bitcoin and remain committed to doing it consistently and you are going to see you in a better place in the long run. fiat is already not helping us as it stands and saving in the bank is almost like keeping money that place waiting for the government to come tax it all even when they are not even helping you that much to get financial freedom to even start with.

It is not necessary to give detail of the percentage of my income that i am able to leave in bitcoin but doing 50% investment in bitcoin is actually possible as long as you have a well planned financial management routine on ground that will see you through that phase.

[PremiumcryptoHub]

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.

[Hyphen(-)]

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.

If you don’t have stable source of income, it will still not work perfectly for you to be using 25% of your income in Bitcoin investment because if you use 25% today and keep 75%, and you stay months without work or without earning any money, if you are done using the one you have and have no alternative, you will be forced to use your savings which is normal; so it is good to have stable source of income before you can rely on investing weekly or monthly.

Bitcoin investment is not for the weak, so you need to hustle money before you can invest in Bitcoin especially if you want to hold for long period of time because selling within short period of time can lead you to losses that you might not account for due to how volatile the crypto market is.

[Agbe]

We don't have much Civil Servants in the forum but we have more self-employed youth here. And self-employed is like hand to mouth on this current economic structure in the country. So for someone to set an investment plan on bitcoin foe him sef is not an easy thing to do.  But if person na big business person den him go fit buy bitcoin weekly. As for me I don't buy bitcoin weekly but I buy whenever there is money.

[Karl_3000]

Bitcoin price

₦132,401,055 ($93,255)