Hodl (Naija)

[Charles-Tim]

TBH, this is the first time I'm hearing about NCA, and by your short explanation, I was able to have the idea. However, iyt still similar to the the idea of the DCA because DCA is included in it (if I got you right), even though one could still plan the major pump at the bottom.

Yes, the only difference in both is naira and dollar

DCA, dollar cost average
NCA, naira coastal average

If I am posting on the general board, I use DCA because United States dollar is the world most accepted fiat. But if I am posting on our local board, I use NCA because majority of Nigerias are earning in naira.

[Karl_3000]

Bitcoin price

₦115,952,957 ($83,626)

Happy hodling

Do not be discouraged but you can buy more.

[cxtreenal]

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?

Investors should determine their investment pattern based on their income. For a poor investor it would be appropriate to prioritize their basic needs and then save 60% of their funds in Bitcoin. For middle-income investors, it would be better to increase the percentage of Bitcoin accumulate even further.
Accumulation the remaining funds for emergencies. This is how I structured my Bitcoin plan because the amount of spending will not be the same every week. After spending money for yourself and your family dividing the percentage from your discretionary income is a good way to invest for the long term.

[Princess Leah]

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?

Investors should determine their investment pattern based on their income. For a poor investor it would be appropriate to prioritize their basic needs and then save 60% of their funds in Bitcoin. For middle-income investors, it would be better to increase the percentage of Bitcoin accumulate even further.
Accumulation the remaining funds for emergencies. This is how I structured my Bitcoin plan because the amount of spending will not be the same every week. After spending money for yourself and your family dividing the percentage from your discretionary income is a good way to invest for the long term.

Is 60% not too much for someone that's poor in Nigeria? Maybe 40 - 50% can be considered for the discretionary of such class of people since it's very difficult to afford basic needs currently, if you've visited the market to see how costly things are you'll understand why I think 60% for those class of people should be reduced.

 Well, every investor knows how much is their income and should be in a better position to know how much they could comfortably allocate for their discretionary without being forced to sell what they're holding to survive. It's very good to invest in good assets like Bitcoin but investing wisely matters too.

[Karl_3000]

Is 60% not too much for someone that's poor in Nigeria? Maybe 40 - 50% can be considered for the discretionary of such class of people since it's very difficult to afford basic needs currently, if you've visited the market to see how costly things are you'll understand why I think 60% for those class of people should be reduced.

I only see it as his own opinion which is not bad, individual will know their limit. Some people will also say 40 to 50% of discretionary income for poor people will be too much.

There are some poor people that will buy things on credit.

[Hardyrobust]

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?

Investors should determine their investment pattern based on their income. For a poor investor it would be appropriate to prioritize their basic needs and then save 60% of their funds in Bitcoin. For middle-income investors, it would be better to increase the percentage of Bitcoin accumulate even further.
Accumulation the remaining funds for emergencies. This is how I structured my Bitcoin plan because the amount of spending will not be the same every week. After spending money for yourself and your family dividing the percentage from your discretionary income is a good way to invest for the long term.

This idea of saving %60 of one discretionary income in bitcoin is very wrong. It is our discretionary income that is what should be invested in bitcoin and not %60 of our income. Unless you want to say %60 of our discretionary income. Before anyone should think of investing in bitcoin they should be able to figure out whether they discretionary income and how much is it. Before thinking of what percentage of it they would like to invest in bitcoin.

[DiMarxist]

Holding Bitcoin for a life time is something that is not easy to do I must confess, there are several factors that you have to bring into consideration before thinking about holding Bitcoin for a lifetime. Because to me no matter how long you hold your Bitcoin one day you are eventually going to spend your Bitcoin holding what we should concern ourselves the more should be how much we are putting into Bitcoin either on a monthly or weekly Basis as the case may be. Discipline is one thing that should be displayed by anyone trying to hold Bitcoin on the long term basis because it will only take discipline to hold for the long time knowing that there are be some unforseen circumstances that may warrant you to lay hand on your bitcoin holding.

[Jaycoinz]

Holding Bitcoin for a life time is something that is not easy to do I must confess, there are several factors that you have to bring into consideration before thinking about holding Bitcoin for a lifetime. Because to me no matter how long you hold your Bitcoin one day you are eventually going to spend your Bitcoin holding what we should concern ourselves the more should be how much we are putting into Bitcoin either on a monthly or weekly Basis as the case may be. Discipline is one thing that should be displayed by anyone trying to hold Bitcoin on the long term basis because it will only take discipline to hold for the long time knowing that there are be some unforseen circumstances that may warrant you to lay hand on your bitcoin holding.

It's very easy to say but doing it is the actual hard part because holding Bitcoin for life means you are thinking of selling well not for anytime soon and not everyone will have the mindset to actually hold their coin for long as their lifetime or maybe the preference of the word wasn't meaning the same thing to the exact level of it.

[yixichloro2xx]

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?

Investors should determine their investment pattern based on their income. For a poor investor it would be appropriate to prioritize their basic needs and then save 60% of their funds in Bitcoin. For middle-income investors, it would be better to increase the percentage of Bitcoin accumulate even further.
Accumulation the remaining funds for emergencies. This is how I structured my Bitcoin plan because the amount of spending will not be the same every week. After spending money for yourself and your family dividing the percentage from your discretionary income is a good way to invest for the long term.

‎As an investor we should over do what our power can't carry. Example investing into Bitcoin with big money when you know that you have family to feed , daily expenses to solve. In life basic needs come first before anything else, then whatever remains can go into Bitcoin. If we didn't do that, unexpected expenses can force us sell our Bitcoin prematurely, and that is not a proper way of investment. This is we need to have an emergency savings,  because they provide support by solving issue we face, we get peace of mind in our investment journey and overacting to prices will reduce.

[Karl_3000]

Bitcoin price

₦114,990,045 ($83,073)

Happy hodling

Do not be discouraged but you can buy more.

[cocadalcan]

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?

Investors should determine their investment pattern based on their income. For a poor investor it would be appropriate to prioritize their basic needs and then save 60% of their funds in Bitcoin. For middle-income investors, it would be better to increase the percentage of Bitcoin accumulate even further.
Accumulation the remaining funds for emergencies. This is how I structured my Bitcoin plan because the amount of spending will not be the same every week. After spending money for yourself and your family dividing the percentage from your discretionary income is a good way to invest for the long term.

‎As an investor we should over do what our power can't carry. Example investing into Bitcoin with big money when you know that you have family to feed , daily expenses to solve. In life basic needs come first before anything else, then whatever remains can go into Bitcoin. If we didn't do that, unexpected expenses can force us sell our Bitcoin prematurely, and that is not a proper way of investment. This is we need to have an emergency savings,  because they provide support by solving issue we face, we get peace of mind in our investment journey and overacting to prices will reduce.

Simply put, Bitcoin success is not imminent for us. We need to go through a long term period of regular Bitcoin accumulation. Having a financial emergency fund is important, as is having a consistent Bitcoin. After prioritizing basic needs, you should focus on Bitcoin investment.
You should not make any investment decision that you cannot afford. There will be risks in investing, but you should have the financial ability to accept and overcome those risks.

[Ever-young]

This idea of saving %60 of one discretionary income in bitcoin is very wrong. It is our discretionary income that is what should be invested in bitcoin and not %60 of our income. Unless you want to say %60 of our discretionary income. Before anyone should think of investing in bitcoin they should be able to figure out whether they discretionary income and how much is it. Before thinking of what percentage of it they would like to invest in bitcoin.

It’s true that we invest with our discretionary income but this doesn’t mean that all the money in the discretionary income should be used for investment, that’s in fact called an overly aggressive approach towards investment. First of all we need to understand what discretionary income means. The discretionary funds are money leftover after sorting out every other essential expenses, this kind of money can be used for some other purposes including investing, but that doesn’t mean it is specifically set aside for investment, because there are other things you can still allocate it to, for example an investor who is building their Bitcoin portfolio and their backup funds simultaneously, it is from the discretionary income that you use to allocate both money for the Bitcoin accumulation and the backup fund. So using 60% of your discretionary income and leaving the other 40% for other things isn’t a bad approach. Please be guided.

[cxtreenal]

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?

Investors should determine their investment pattern based on their income. For a poor investor it would be appropriate to prioritize their basic needs and then save 60% of their funds in Bitcoin. For middle-income investors, it would be better to increase the percentage of Bitcoin accumulate even further.
Accumulation the remaining funds for emergencies. This is how I structured my Bitcoin plan because the amount of spending will not be the same every week. After spending money for yourself and your family dividing the percentage from your discretionary income is a good way to invest for the long term.

This idea of saving %60 of one discretionary income in bitcoin is very wrong. It is our discretionary income that is what should be invested in bitcoin and not %60 of our income. Unless you want to say %60 of our discretionary income. Before anyone should think of investing in bitcoin they should be able to figure out whether they discretionary income and how much is it. Before thinking of what percentage of it they would like to invest in bitcoin.

You probably missed the point I was making. I said that after prioritizing or fulfilling the basic needs of a poor investor, 60% of the remaining funds should be allocated for Bitcoin. 60% is meant from discretionary income and the remaining 40% should be kept for emergency needs. At some point once an emergency fund is built to cover 3 months of household expenses, you can accumulate Bitcoin with the entire amount of discretionary income.

Some investors get confused about discretionary income because they get excited about Bitcoin and add more percentage to Bitcoin accumulate but you have to be consistent in your investment only then you can do DCA in the long term.

[Karl_3000]

Bitcoin price

₦107,159,088 ($77,396)

Do not be discouraged.

Bitcoin is a store of value if you are patient.

[Y3shot]

Some people are complaining that not everyone can invest on bitcoin weekly or monthly, please do not derail this topic with that. This thread are for bitcoin holders, speculating the price of bitcoin and how bitcoin price will be increasing. It is not necessary to invest in bitcoin, please do not derail this topic with such complaints.

People wh think this way i call them small mind because they dont understand bitcoin. Those who understand bitcoin and the benefits of investing bitcoin for the future will never joke with not investing in Bitcoin. 

Their is nothing difficult in investing bitcoin,  atleast with the DCA method it is easy to accomplish this. It is not a must you mist set up a particular amount and date of when to invest in Bitcoin but one can invest just with the amount you can afford and at anytime you have opportunity to invest.

[Karl_3000]

Bitcoin price

₦110,440,360 ($79,012)

Do not be discouraged.

Bitcoin is a store of value if you are patient.

[RockBell]

Holding Bitcoin for a life time is something that is not easy to do I must confess, there are several factors that you have to bring into consideration before thinking about holding Bitcoin for a lifetime. Because to me no matter how long you hold your Bitcoin one day you are eventually going to spend your Bitcoin holding what we should concern ourselves the more should be how much we are putting into Bitcoin either on a monthly or weekly Basis as the case may be. Discipline is one thing that should be displayed by anyone trying to hold Bitcoin on the long term basis because it will only take discipline to hold for the long time knowing that there are be some unforseen circumstances that may warrant you to lay hand on your bitcoin holding.

There is an adage that says nothing good comes easy, so if you are ready to hold for a very long time, then you have to be ready to be patient enough because that is the only way you make something out of your holding because that is the only things can be different and then you can call your self a holder because people don't know the meaning of holder, it is less risky but the same time it is very difficult because you have to wait for a very long time for you to make profit from your investment, and the concerns usually starts from the worrying about the price dropping and that is were the problem starts from and people like that don't really want to take risk that is why the whole thing turned out like that for them and the next move they will make is to sell. which is not the best option as a holder.

[Xackie]

Na who hold nai wise oo, people whey dey hold since 10 years go don dey see massive returns. Bitcoin is something that needs to be approached with a lot of patience. We shouldn't allow small dips or pump to decieve us, instead our focus should be put on long term goals. Another thing is that we should have emergency funds separated so that unexpected expenses won't make us to sell our Bitcoin prematurely.

[Karl_3000]

Bitcoin price

₦108,543,685 ($77,659)

Do not be discouraged.

Bitcoin is a store of value if you are patient.

[xiamin]

Na who hold nai wise oo, people whey dey hold since 10 years go don dey see massive returns. Bitcoin is something that needs to be approached with a lot of patience. We shouldn't allow small dips or pump to decieve us, instead our focus should be put on long term goals. Another thing is that we should have emergency funds separated so that unexpected expenses won't make us to sell our Bitcoin prematurely.

The way you see returns depends on how consistent you are in your Bitcoin accumulation. Some investors have a lot of money and can invest but are not consistent and cannot build up Bitcoin holding. By accumulation regularly you can get higher returns than those rich investors even if you are a small investor. Be consistent in your Bitcoin investments, buy frequently, buy more sat if you have the money when the price falls, and hold on tightly when the price rises.