Hodl (Naija)

[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).

[PostQuantumBTC]

Bitcoin has been unable to go above $70000 since it has gotten below the price, it is very possible that this bear market will last a long period of time, we should be patient, we are going to get out if it.

But regardless of where the price of bitcoin can fall to, I still think that bitcoin will not go below $50000.

[Karl_3000]

Bitcoin price

₦91,026,258 ($67,791).

[Xackie]

When sorting out money for investment (DCA) we should do it to our satisfaction a not beyond our means . Someone that is earning low  salary shouldn't set his DCA funds very high, because they won't be able to sort out their other needs. Investing consistently is what matters, having large DCA without doing it consistently is useless. Another thing is holding, alot of people lose focus along the way , because of their mindset of chasing short term profits. Holding Bitcoin for up to 6  years and above will give you better rewards.

[Hypnotizer]

When sorting out money for investment (DCA) we should do it to our satisfaction a not beyond our means .

Balanced budgeting will definitely help anyone in figuring out his maximum and minimum discretionary funds per his income and the first thing every investor knows is that he needs to invest what he can afford to lose, so if any investor wants long term success he definitely needs to master and manage his finance really well.

Someone that is earning low  salary shouldn't set his DCA funds very high, because they won't be able to sort out their other needs. Investing consistently is what matters, having large DCA without doing it consistently is useless. Another thing is holding, alot of people lose focus along the way , because of their mindset of chasing short term profits. Holding Bitcoin for up to 6  years and above will give you better rewards.

Before someone even take out part of his income for DCA NCA, he first needs to sort out his expenses and keep some emergency funds, so using a big part of your income as your investment funds without sorting out your problems and keeping emergency funds might even lead you to losses along the way.

[liasbaa]

When sorting out money for investment (DCA) we should do it to our satisfaction a not beyond our means . Someone that is earning low  salary shouldn't set his DCA funds very high, because they won't be able to sort out their other needs. Investing consistently is what matters, having large DCA without doing it consistently is useless. Another thing is holding, alot of people lose focus along the way , because of their mindset of chasing short term profits. Holding Bitcoin for up to 6  years and above will give you better rewards.

Not doing DCA consistently is not worthless. It will be worthless at a time when you are withdrawing Bitcoin due to fear or in an immature state. You may need emergency funds financially. If you do not have emergency funds available at that point, it will not be worthless to not accumulate Bitcoin for a week or another several week. Consistent investment is a habit of investors that accept them to accumulate Bitcoin through discretionary income every week.

Bitcoin is an important part of the long term investment process but some traders want to profit from Bitcoin differently which leads to frustration among them. Do DCA consistently and accumulate Bitcoin continuously for 4-10 years because the future scenario can take you to a financially comfortable position or financial freedom.

[Karl_3000]

Bitcoin price

₦89,884,155 ($66,787).

[Sonia_123]

It is important that if you can't buy bitcoin and hodl it , just from the signature income you receive try and hold some instead of using all for your personal needs after all you are not looking for money or have need for an extra job in other to buy bitcoin but from your income which will serve as savings to you just as OP has said it , that is another way of hodl if you are really determined

[Karl_3000]

Bitcoin price

₦91,331,309 ($67,915).

I will begin two time price update starting today. The price update will be in the morning and evening. That should be enough for holders to know bitcoin price for the day.

Bitcoin, the store of value.

[PostQuantumBTC]

Steak n Shake recently said thank you bitcoin as their customers increases after accepting bitcoin 9 months ago. https://x.com/SteaknShake/status/2023447441060536382?s=20

Two Abu Dhabi State-owned Companies nvested ore than $1B in bitcoin-ETF. Mubadala Investment Company and Al Warda Investments increased their stakes in IBIT in the fourth quarter. At the time, they were valued at more than $1 billion. Experts expect further bitcoin investments from other sovereign wealth funds. https://incrypted.com/en/two-abu-dhabi-state-owned-companies-invested-more-than-1b-in-bitcoin-etf/

[EarnOnVictor]

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 is subjective rather than being a yardstick, earnings vary. To some, it could be the 1/4 you mentioned, and to many others, it could be 1/10, and so on. This is why it's good for Bitcoin investors to carefully study their regular income and expenditures, to be able to arrive at the best proportion to earmark for Bitcoin.

This is important to avoid coming back to spent the invested Bitcoin again when emergencies and some unforseen circumstances arrive.

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.
If you earn $2000 throughout the whole year, and you invest $200 in bitcoin throughout the whole year, that is just 10%. If you know that you can not invest up to 10% and you want me to add 1%, 2%, 5% to the poll, I can add it.

I agree! For a thread that you want to make serious like this, such random or discouraging comments should truly be avoided. This is why you should have made it a self-moderated thread.