Hodl (Naija)

[gracreavix]

I don't know why people still talk about trading as if it's one easy thing that can be easily done without stress, trading is a complex thing so we should just concentrate on holding our Bitcoin because,because it has shown to be more beneficial when compared with trading. When you hold for a long time you don't need to be afraid like when you are trading, when trading there is always this fear of lose which is in the mind of all traders. We should focus on holding because that is risk free you just for the right moment.

I swear, like most of those guys were dey shouting trading up and down, never really get the taste of how trading be personally, make em make them just dey shout and pursues trading up and down.
Because if we scale from the look of things, we’ll know that indeed longer term investing, buying and hodling is actually the best way and approach when it comes to Bitcoin investment.
Only that relieve of fear in trading, when it comes to hodling, is a gift and shouldn’t be taken for granted.

[Crytohillss]

I don't know why people still talk about trading as if it's one easy thing that can be easily done without stress, trading is a complex thing so we should just concentrate on holding our Bitcoin because,because it has shown to be more beneficial when compared with trading. When you hold for a long time you don't need to be afraid like when you are trading, when trading there is always this fear of lose which is in the mind of all traders. We should focus on holding because that is risk free you just for the right moment.

.
The things many people don't realise is that trading sounds easier from the outside until you actually experience The emotional pressure that we arrive with it constantly pursuing entries and exit can train both your time and peace of Mind over time you start  you to understand why term investment and simply holding Bitcoin has remained sustainable development for many people the peace that becomes with holding long term investment .

[Yablee0]

The things many people don't realise is that trading sounds easier from the outside until you actually experience The emotional pressure that we arrive with it constantly pursuing entries and exit can train both your time and peace of Mind over time you start  you to understand why term investment and simply holding Bitcoin has remained sustainable development for many people the peace that becomes with holding long term investment .

That's for sure, those that often talked about trading aren't the real traders because those that has actually experienced trading and have a taste of what it's been made of, the persistent engagement and the stress of monitoring the market, the constant lost, emotional stress and all of that will understand better and will rather advice other's that trading isn't something to be tempered or have any dealings with.

If you understand the stress of making money then you wouldn't even think of gambling with your hard earned money in trading unless you don't pass through pain in making your money. However, Long term investment plan comes with this undiluted peace of mind, no stress of any kind, all you just need is just to invest with your discretionary funds, endeavor to be consistent in your accumulations, go to bed and rest then after some couples of years, you are made for life time.

[Karl_3000]

Bitcoin price:

₦108,870,647 ($80,083).

We can also post about encouraging news about bitcoin and other things that are important during the bitcoin holding.

It is good that we are having more posts and discouraging trading.

[cxtreenal]

I don't know why people still talk about trading as if it's one easy thing that can be easily done without stress, trading is a complex thing so we should just concentrate on holding our Bitcoin because,because it has shown to be more beneficial when compared with trading. When you hold for a long time you don't need to be afraid like when you are trading, when trading there is always this fear of lose which is in the mind of all traders. We should focus on holding because that is risk free you just for the right moment.

.
The things many people don't realise is that trading sounds easier from the outside until you actually experience The emotional pressure that we arrive with it constantly pursuing entries and exit can train both your time and peace of Mind over time you start  you to understand why term investment and simply holding Bitcoin has remained sustainable development for many people the peace that becomes with holding long term investment .

Trading seems easy from the outside, which is true, but it soon leads to traders feeling that the illusion they have been chasing was wrong. The reason for it seems easy is lack of experience and the desire to get rich quick. This tendency is more common in new traders, but I think they cannot survive in a risky situation like trading for a long time. Many people return to long term investments rather than being mentally stressed.
I initially started with trading and was quite greedy but after I made a big loss, I switched to long term investments. I think new traders should return to long term investments before they lose too much.

[Princess Leah]

Trading seems easy from the outside, which is true, but it soon leads to traders feeling that the illusion they have been chasing was wrong. The reason for it seems easy is lack of experience and the desire to get rich quick. This tendency is more common in new traders, but I think they cannot survive in a risky situation like trading for a long time. Many people return to long term investments rather than being mentally stressed.
I initially started with trading and was quite greedy but after I made a big loss, I switched to long term investments. I think new traders should return to long term investments before they lose too much.

Making predictions is one of the hardest things ever cause you don't know what the outcome would be especially when it involves predicting the outcome of currencies that are very volatile, that's why trading is much more riskier than buying and holding Bitcoin but people don't really understand that.

 Bitcoin investment might be volatile and has it's own risk but holding it for longer period makes it's more safer according to history and with a discretionary fund as small as possible an investor can start accumulating and holding for long-term the major problem most people that thinks it's tougher to hold has is patience cause they can't keep using volatility as excuse when there's the DCA method.

[fredericktaylor]

Trading seems easy from the outside, which is true, but it soon leads to traders feeling that the illusion they have been chasing was wrong. The reason for it seems easy is lack of experience and the desire to get rich quick. This tendency is more common in new traders, but I think they cannot survive in a risky situation like trading for a long time. Many people return to long term investments rather than being mentally stressed.
I initially started with trading and was quite greedy but after I made a big loss, I switched to long term investments. I think new traders should return to long term investments before they lose too much.

Making predictions is one of the hardest things ever cause you don't know what the outcome would be especially when it involves predicting the outcome of currencies that are very volatile, that's why trading is much more riskier than buying and holding Bitcoin but people don't really understand that.

 Bitcoin investment might be volatile and has it's own risk but holding it for longer period makes it's more safer according to history and with a discretionary fund as small as possible an investor can start accumulating and holding for long-term the major problem most people that thinks it's tougher to hold has is patience cause they can't keep using volatility as excuse when there's the DCA method.

It is absolutely true that making money through trading is not an easy way, it is a very complicated work. Because the price of Bitcoin is very volatile and fluctuates rapidly, it is quite difficult to determine when its price will increase or decrease. Instead, it is much better to consistently buy small amounts of Bitcoin with a long-term plan and hold them for a long time. This reduces the risk of investment, gradually increases the amount of Bitcoin and provides protection against inflation in the future, as well as the hope of profit.

[Big Dirams]

It is absolutely true that making money through trading is not an easy way, it is a very complicated work. Because the price of Bitcoin is very volatile and fluctuates rapidly, it is quite difficult to determine when its price will increase or decrease. Instead, it is much better to consistently buy small amounts of Bitcoin with a long-term plan and hold them for a long time. This reduces the risk of investment, gradually increases the amount of Bitcoin and provides protection against inflation in the future, as well as the hope of profit.

You do have a point, trading is a very risky activity to involve in and it not just about the Market volatility but also some other factors to be considered like patience, emotional control, discipline and many others. But when it comes to investing we don’t have to do much at all just little thing and we can make some massive returns at the long run if the market goes in luck with our timing. 
 Invest in bitcoin with the little you have and have the long term mindset of holding for long period of time so we can see the true potentials and value of bitcoin. Because we all know that bitcoin is a valuable assets that grows rapidly and also decreases at any time so let take the risk and invest for long period of time.

[Karl_3000]

Bitcoin price:

₦109,448,664 ($80,719).

You know Michael Saylor said that Strategy will sell little amount of bitcoin to pay dividend, the CEO of the company talked about the reason on CNBC.

If you like to watch it, this is it: https://x.com/phongle/status/2052822744790630521/mediaviewer

People should know that Strategy will later buy more bitcoin than the amount the company want to sell to pay the dividend.

[Byebyebtc]

Bitcoin price:

₦111,174,410 ($81,419).

I was inclined to believe that this thread is about encouraging Nigerians the keep holding, why is trading taking over the discussions?

It is better for us to also talk about trading and also correct people that are saying trading is profitable. Those that have been trading and holding, traders look for fast money but holders are the ones that are earning the money. So we can use the opportunity to correct them that holding bitcoin is better than to be trading, while trading is very risky.

Every Body has what they do and they know how it suits them,
Yes investment is safer we all agree, trading is is more risky we agree as well. But that doesn't mean that trading is an unprofitable engagement, the profit that you don't see another person sees on a regular basis,

If you say that investment is safer I will agree with you, but saying that trading is not profitable is what is wrong, and trading is honestly not about quick money, people that look for quick money and go to trade are always messed up after the make such approach.

I will also advise individuals to invest as well because it is safer, but there are people that will still want to go for something more engaging for money making, and it is completely okay for them to trade as long as they know the risk involved.

[Karl_3000]

Bitcoin price

₦110,746,636 ($80,804).

If you say that investment is safer I will agree with you, but saying that trading is not profitable is what is wrong, and trading is honestly not about quick money, people that look for quick money and go to trade are always messed up after the make such approach.

There are people that have told me that trading is not profitable for them. Some of them even called it gambling because of what it has done to their lives.

I am also losing because of trading, that is the reason I said trading is not profitable. If you are making money from trading, you can let us know about it but if it is me, I am losing money in crypto trading.

Let us focus this thread on hodling instead of arguing that trading is good. If you are making money in trading, many people have agreed that you can make a thread about it and discuss about it on the thread. I will join you to make discussion on the the thread and let you know how bad trading made me lose much money.

Hodling is peace of mind and later watch your bitcoin grow.

I will announce few changes that we would have on the topic of this thread which will help Nigeria bitcoin holders.

[cxtreenal]

Trading seems easy from the outside, which is true, but it soon leads to traders feeling that the illusion they have been chasing was wrong. The reason for it seems easy is lack of experience and the desire to get rich quick. This tendency is more common in new traders, but I think they cannot survive in a risky situation like trading for a long time. Many people return to long term investments rather than being mentally stressed.
I initially started with trading and was quite greedy but after I made a big loss, I switched to long term investments. I think new traders should return to long term investments before they lose too much.

Making predictions is one of the hardest things ever cause you don't know what the outcome would be especially when it involves predicting the outcome of currencies that are very volatile, that's why trading is much more riskier than buying and holding Bitcoin but people don't really understand that.

 Bitcoin investment might be volatile and has it's own risk but holding it for longer period makes it's more safer according to history and with a discretionary fund as small as possible an investor can start accumulating and holding for long-term the major problem most people that thinks it's tougher to hold has is patience cause they can't keep using volatility as excuse when there's the DCA method.

There are many reasons why trading is risky, one of which is that you don't have perfect estimates because your goal is to make a profit. To make this profit, you have to buy at a low price and sell at a high price. The Bitcoin market is volatile and you can never make the right estimate. Therefore if you waste time trading it will not do justice to your capital.

Regardless of the price volatility in the market it is necessary to prioritize accumulation Bitcoin in the DCA method. Historically proven Bitcoin has repeatedly recovered its value considering this as a criterion accumulation Bitcoin through discretionary income can do justice to your capital because past price history is an indicator in determining future prices.

[LOVER BOY 422]

Trading seems easy from the outside, which is true, but it soon leads to traders feeling that the illusion they have been chasing was wrong. The reason for it seems easy is lack of experience and the desire to get rich quick. This tendency is more common in new traders, but I think they cannot survive in a risky situation like trading for a long time. Many people return to long term investments rather than being mentally stressed.
I initially started with trading and was quite greedy but after I made a big loss, I switched to long term investments. I think new traders should return to long term investments before they lose too much.

Making predictions is one of the hardest things ever cause you don't know what the outcome would be especially when it involves predicting the outcome of currencies that are very volatile, that's why trading is much more riskier than buying and holding Bitcoin but people don't really understand that.

 Bitcoin investment might be volatile and has it's own risk but holding it for longer period makes it's more safer according to history and with a discretionary fund as small as possible an investor can start accumulating and holding for long-term the major problem most people that thinks it's tougher to hold has is patience cause they can't keep using volatility as excuse when there's the DCA method.

There are many reasons why trading is risky, one of which is that you don't have perfect estimates because your goal is to make a profit. To make this profit, you have to buy at a low price and sell at a high price. The Bitcoin market is volatile and you can never make the right estimate. Therefore if you waste time trading it will not do justice to your capital.

Regardless of the price volatility in the market it is necessary to prioritize accumulation Bitcoin in the DCA method. Historically proven Bitcoin has repeatedly recovered its value considering this as a criterion accumulation Bitcoin through discretionary income can do justice to your capital because past price history is an indicator in determining future prices.

You are very correct, trading is 100 percent gambling and many folks never understand what trading is all about till they start losing drastically, why not invest in Bitcoin for long term commitment using just your descretionary income with DCA method and have freedom and never to panic like the way traders does , the mindset of traders is to make profits Everytime which is not possible they have forgotten that they are gambling and not all traders can pass the gambling stage because of it strictness, though I see many folks who encourage themselves in trading their by comparing trading and investing in Bitcoin,  I rather invest in Bitcoin using my descretionary income than trading, op as a reasonable question that how much can someone use to invest in Bitcoin,  Using the DCA method as an average citizen of Nigeria, off a truth the payment in Nigeria jobs is very little, but you can start investing with any amount you can decide to DCA with it every month like #20,000 in a month if you are earning like #120k monthly the #20k can be your descretionary income,  one can invest with it gradually by so doing will keep on accumulating till you get to your destination which is over accumulation stage.

One thing about Bitcoin investment is consistency never listen to anyone try as much as you can to get to your destination with the help of your descretionary income with the DCA method I strongly believe that the investor will definitely make him self proud at the end.

[Denziiii]

There are many reasons why trading is risky, one of which is that you don't have perfect estimates because your goal is to make a profit. To make this profit, you have to buy at a low price and sell at a high price. The Bitcoin market is volatile and you can never make the right estimate. Therefore if you waste time trading it will not do justice to your capital.

Regardless of the price volatility in the market it is necessary to prioritize accumulation Bitcoin in the DCA method. Historically proven Bitcoin has repeatedly recovered its value considering this as a criterion accumulation Bitcoin through discretionary income can do justice to your capital because past price history is an indicator in determining future prices.

Trading can be very risky because no one can predict the market perfectly. Many traders try to time the market by buying low and selling high, but Bitcoin’s volatility makes that difficult and emotional decisions often lead to losses instead of profits. Most times, constant trading only exposes capital to unnecessary risk.

That is why the DCA strategy remains one of the safest approaches for long-term investors. By consistently accumulating Bitcoin with discretionary income, investors reduce the stress of market timing and benefit from Bitcoin’s long-term growth over the years. History has shown that despite major corrections, Bitcoin has always recovered stronger, which is why patience and steady accumulation often do more justice to capital than short-term trading.

[Charles-Tim]

You are very correct, trading is 100 percent gambling

Trading is not 100% gambling, but most traders are not trading, but they are gambling because most of them know the rules and the strategies, but if they have started losing, they do not follow the rules.

According to statistics, people are losing most in gambling than in trading. At least, it is estimated that 97% of gamblers are losing, but around 85% to 90% of traders are losing.

Yes, they are both very risky.

Although, I also can not recommend trading to anyone because of how risky it is.

[cxtreenal]

You are very correct, trading is 100 percent gambling

Trading is not 100% gambling, but most traders are not trading, but they are gambling because most of them know the rules and the strategies, but if they have started losing, they do not follow the rules.

According to statistics, people are losing most in gambling than in trading. At least, it is estimated that 97% of gamblers are losing, but around 85% to 90% of traders are losing.

Yes, they are both very risky.

Although, I also can not recommend trading to anyone because of how risky it is.

Gamblers who lose money in gambling do not lose excessively due to inefficiency. Those gamblers who lose excessively are those who cannot control themselves.

Not all traders lose, but if you analysis the ones who do, you will see that most of them wanted to make high profits in a short period of time.

Although trading and gambling are different, there is some similarity in the risk of losing money. To reduce excessive losses, it will be necessary to manage funds with discipline and be patience.

The statistics you have published thats are fair. Although it is not easy to make a profit from trading, it is not very difficult for skilled traders. Trade with a risk-tolerant amount of funds. Break the tendency to get rich in a short time.

[Charles-Tim]

Although trading and gambling are different, there is some similarity in the risk of losing money. To reduce excessive losses, it will be necessary to manage funds with discipline and be patience.

But it is worth knowing that among the 85 to 90% of traders that are losing, almost no one among them wish to lose. Also some traders among them will think they are patient and think that they know about risk management until trading teach them lessons they do not want in their life.

Trade with a risk-tolerant amount of funds. Break the tendency to get rich in a short time.

Exactly, trading with very small amount of money is important. Holding is better, not stressful like trading that can waste many people's time, money and comfort

[Frankolala]

Although trading and gambling are different, there is some similarity in the risk of losing money. To reduce excessive losses, it will be necessary to manage funds with discipline and be patience.

But it is worth knowing that among the 85 to 90% of traders that are losing, almost no one among them wish to lose. Also some traders among them will think they are patient and think that they know about risk management until trading teach them lessons they do not want in their life.

Even professional traders run at loss in the long run because of their confidence in the market and they will forget that the market is volatile. This is why instead, of trying to outsmart the market, it's better to just invest and hodli because making money in life needs patience, commitment and sacrifice. You can't be rich genuinely within a short time. This is what people jumping into trading fail to understand.

[Stormisover]

Although trading and gambling are different, there is some similarity in the risk of losing money. To reduce excessive losses, it will be necessary to manage funds with discipline and be patience.

But it is worth knowing that among the 85 to 90% of traders that are losing, almost no one among them wish to lose. Also some traders among them will think they are patient and think that they know about risk management until trading teach them lessons they do not want in their life.

Even professional traders run at loss in the long run because of their confidence in the market and they will forget that the market is volatile. This is why instead, of trying to outsmart the market, it's better to just invest and hodli because making money in life needs patience, commitment and sacrifice. You can't be rich genuinely within a short time. This is what people jumping into trading fail to understand.

It is not easy to outsmart the market as most people thinks not only that people still knew how complex this can be yet they will keep trying, if professional traders can run at lost in the long run I wonder what will happen to those that are less experienced. However I have heard of people who only prefer learning the hard way, any means of wanting to get rich over night will have a high level of risk in it which is what I see trading comes with meaning that holding Bitcoin is less risky compared to trading, anyone can make their choices anyways.

[AmaGold70]

We the long term investors knows the only sure way you can earn good reward from bitcoin is when you hold long term, and this idea should not be compromised. When you invest your money in bitcoin, you are not only holding bitcoin, but you are also holding value, your investment will continue to increase on the long run.
If you understand what bitcoin is, and the potential that it carries, you will invest reasonable percentage of your income into it, because the level of your investment will also determine the rate of your profit if you tow the lane of long term investing.
Many are also investing in bitcoin with fear, and any little threat or dumping in the market they quickly sell their asset, this kind of investors end up making losses, and run out of patience very quickly.