Hodl (Naija)

[PremiumcryptoHub]

Given the current Bitcoin sentiment, many are becoming more negative towards this currency, but those who have sufficient fiat or Naira reserves will generally consider this period as an ideal time.

It is very good for people to be negative towards crypto. You can see the altcoins have fallen when bitcoin was above $100,000, they are only falling more this time. Crypto is like a scam or gambling, only few coins like bitcoin are the ones that can be used as investment.

I would say stop comparing Bitcoin to altcoins because you might know that the BTC market alone acts as a catalyst for all coins. Recently, a large amount of dollars has been liquidated from the BTC market due to political unrest so we can see that now Bitcoin price is at 70k level but all other alt coins have completely collapsed, as ETH price also went below 2k dollar again. But at this stage you are right that very few coins can be used as investment except Bitcoin.

I will not advise anyone to buy bitcoin with all there money, they can buy more gradually as time passes by. Bitcoin is now above $70000, but I do not think bitcoin is going above $75000. We are still in the bear market.

Instead of all the money, you make regular purchases with Naira. Even during this market collapse, I bought aggressively with my Naira reserves, in fact looking at this Bitcoin sentiment, it seems like we are still in a bear market.

[PostQuantumBTC]

a large amount of dollars has been liquidated from the BTC market due to political unrest.

I think what you meant is that a large amount of bitcoin has been liquidated from bitcoin market? That is true but do not let them use the political unrest to deceive us. What that caused it is the bear market.

[Karl_3000]

Bitcoin price

₦96,202,452 ($70,501).

[xiamin]

a large amount of dollars has been liquidated from the BTC market due to political unrest.

I think what you meant is that a large amount of bitcoin has been liquidated from bitcoin market? That is true but do not let them use the political unrest to deceive us. What that caused it is the bear market.

This is correct as a community is manipulating dollars from the stock market and crypto market. This has happened in the past. It may take more time for this to be revealed but it is not a certainty yet. But the community that stole this wealth will come back again, it is a certainty. They are buying Bitcoin from bearish market again.

Buying Bitcoin in any political or economic turmoil will be the best decision for you because it will break the ATH again.

[Karl_3000]

Bitcoin price

₦92,981,392 ($68,686).

[Karl_3000]

Bitcoin price

₦93,401,157 ($69,061).

[Karl_3000]

Bitcoin price

₦90,770,007 ($67,209).

[Karl_3000]

Bitcoin price

₦90,483,656 ($66,760)

[Karl_3000]

Bitcoin price

₦93,943,841 ($69,425).

[PremiumcryptoHub]

a large amount of dollars has been liquidated from the BTC market due to political unrest.

I think what you meant is that a large amount of bitcoin has been liquidated from bitcoin market?

Yes, your argument is correct, political hostile news has hindered the sentiment and momentum of the Bitcoin market and US political influence in several countries including Iran has acted as a catalyst to lower the price of BTC, as a result of which we have seen billions of dollars liquidated from the Bitcoin market as I mentioned.

That is true but do not let them use the political unrest to deceive us. What that caused it is the bear market.

Look, the political instability is creating an opportunity for us Nigerians to buy aggressively. So instead of being deceived at this moment, we should properly use our fiat currency reserves, which will make it possible to properly purchase BTC in this bear market.

[Y3shot]

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.

Indeed it is a wise decision because the future is very important,  then you may not even have the opportunity of having so much income in this present time but it will be the profit from your investment that will save you.

Bitcoin is a very profitable investment which is very important for investors to learn the habit to hodl Bitcoin. Their is no need to allow the dips in bitcoin to be a reason not to hodl Bitcoin,  because whether we like it or not there will surely be dips in bitcoin, it is just to understand that the dip is an opportunity to even buy more Bitcoin and to hodl for the future. Volatility of Bitcoin is even what makes Bitcoin to be valuable because if Bitcoin was not volatile i don't think it will be this valuable

[Karl_3000]

Bitcoin price

₦94,684,605 ($69,693).

Let us vote.

[Charles-Tim]

Bitcoin is a very profitable investment which is very important for investors to learn the habit to hodl Bitcoin. Their is no need to allow the dips in bitcoin to be a reason not to hodl Bitcoin,  because whether we like it or not there will surely be dips in bitcoin, it is just to understand that the dip is an opportunity to even buy more Bitcoin and to hodl for the future. Volatility of Bitcoin is even what makes Bitcoin to be valuable because if Bitcoin was not volatile i don't think it will be this valuable

In anything someone wants to invest on, the person should learn very well about the thing. Bitcoin is very predictable, following the 4 year cycle and which has given opportunities to some people to know the right time to invest and when not to invest, especially as bitcoin has gotten to all-time high frequently. I also see bitcoin as a good investment but for those that are very patient about it. Anyone that start investing right now again gradually like NCA will also still make money in few years to come.

[Karl_3000]

Bitcoin price

₦93,110,764 ($68,839).