Hodl (Naija)

[Abbatty]

It is better you hold and keep accumulating bitcoin than fiat or trading it because it will come to a period where everyone in the world will want to invest and have a share of bitcoin.

It is better you start investing without delay and continuously build up your investment because for now, bitcoin has being the only financial backup most citizens rely on to avoid devaluation of fiat if being invested since fiat cannot to be trusted, bitcoin also brought financial sovereignty to the world's economy.

Therefore keep accumulating and holding unto bitcoin for a long-term for good reward over fiat.

Hodling Bitcoin is very beneficial, though the journey might not be easy to start, as its easily said but difficult to do it. But, if one is determined and patience enough to keep accumulating despite how unstable the market can be. Also, setting the goal to be for long-term purposes, its actually the best and they should not make choices based on the opinion of their friends or anyone, but based on their confirmation and also, have other sources of income to help them on their journey of hodl.

Honestly holding for a long period of time is not something that is easy but then that why some portfolio are created to make the journey a bit stress free. Like when you using the DCA strategy it allows you to invest with the little you can afford so it doesn’t put you in a difficult position, and also since you using you your discretionary income you are always able to attend to your needs.

Every successful bitcoin holding always need emergency and reserve funds so if you can have these funds available your holding becomes more secure and stress free, because even when you are in difficult times you don’t get to touch your holdings.

[DPHOR]

For me I mostly holds some of my percentage in bitcoin and whenever I get earned I move it to my storage wallet where I wouldn't just go into it to touch it that way. As we all know that last year bitcoin broke out the price of 126k and currently this 2026 bitcoin has dropped from 126k to nearly about 55 percent loses, meaning anyone who invested right when it was around ATH are facing loses. To me it would be better to keep doubling since the price has dropped to around 55 percent, so when you hold and keep doubling you would see your dividend when the market trying to create out new ATH again. Holding for at least 5 years above could be more better than jumping up and down of the market without them focusing on your investment.

[Achalugo BTC]

Honestly holding for a long period of time is not something that is easy but then that why some portfolio are created to make the journey a bit stress free. Like when you using the DCA strategy it allows you to invest with the little you can afford so it doesn’t put you in a difficult position, and also since you using you your discretionary income you are always able to attend to your needs.

Every successful bitcoin holding always need emergency and reserve funds so if you can have these funds available your holding becomes more secure and stress free, because even when you are in difficult times you don’t get to touch your holdings.

Exactly, DCA method is the best method for one to successfully hodl for a long period of time, as it makes the journey stress - free, though its actually not easy and that's why majority of people don't really want to hodl and even if they do, not for long period of time. Also, I agreed with you, holding with the amount they can afford to lose helps too and importantly, having extra source of income is useful and help, as it support their journey by sorting out their emergency without having to end their journey half way.

[Karl_3000]

Bitcoin price:

₦86,712,839 ($63,756).

It is only those that didn't invest with their discretionary income that will push into selling at there bitcoin during this dip period or those that are afraid of losing their money.

You are right but it can be difficult for a new bitcoin holder to continue holding after seeing the price of bitcoin falling so much, what it take to continue holding is more than just discretionary income. There was a time I was holding bitcoin with just my discretionary income, when I was losing, I sold my bitcoin. It was later I finally realised that I should have in mind not to sell. I went to my bitcoin wallet setting to disable the naira estimation price, I am now only seeing bitcoin which also helped me. Another one that helped me was that I finally know that bitcoin is a store of value, its price will later increase back.

[cxtreenal]

Honestly holding for a long period of time is not something that is easy but then that why some portfolio are created to make the journey a bit stress free. Like when you using the DCA strategy it allows you to invest with the little you can afford so it doesn’t put you in a difficult position, and also since you using you your discretionary income you are always able to attend to your needs.

Every successful bitcoin holding always need emergency and reserve funds so if you can have these funds available your holding becomes more secure and stress free, because even when you are in difficult times you don’t get to touch your holdings.

Exactly, DCA method is the best method for one to successfully hodl for a long period of time, as it makes the journey stress - free, though its actually not easy and that's why majority of people don't really want to hodl and even if they do, not for long period of time. Also, I agreed with you, holding with the amount they can afford to lose helps too and importantly, having extra source of income is useful and help, as it support their journey by sorting out their emergency without having to end their journey half way.

The obstacle to DCA for long term Bitcoin accumulation is the lack of discretionary income. The reason for this lack of DCA consistency is a lack of patience and the inability to have an emergency fund. If you can identify the downsides of long term investing, it will be easier for you to prepare accordingly.
The purpose of accumulating Bitcoin through discretionary income is to limit the risk to a large extent because the remaining funds after all household expenses are met in line with your income, and you are accumulating Bitcoin from that.

[PostQuantumBTC]

The reason for this lack of DCA consistency is a lack of patience and the inability to have an emergency fund. If you can identify the downsides of long term investing, it will be easier for you to prepare accordingly.

Some people will have emergency fund but they will prefer to leave it in naira, but if bitcoin has fallen very well, you can put it in bitcoin. It is very possible that you want to write discretionary income instead of emergency fund because emergency fund is used for emergency purpose, it is not for DCA but discretionary income can be used to DCA.

[Tongley]

The reason for this lack of DCA consistency is a lack of patience and the inability to have an emergency fund. If you can identify the downsides of long term investing, it will be easier for you to prepare accordingly.

Some people will have emergency fund but they will prefer to leave it in naira, but if bitcoin has fallen very well, you can put it in bitcoin. It is very possible that you want to write discretionary income instead of emergency fund because emergency fund is used for emergency purpose, it is not for DCA but discretionary income can be used to DCA.

Our emergency fund and other funds are made from our discretionary income sources. It is not a good idea to make an emergency fund or a reserve fund from our income sources. These funds are made from our discretionary income sources.

It is never a good idea to keep our emergency fund in Bitcoin. Because the Bitcoin market is very volatile, it is impossible for anyone to say when the market will fall. As you said, buy during the fall and keep Bitcoin in it. But we can never say how much the market will fall. When we face an emergency situation, if the market goes down or falls, then we will have to face a loss and sell it. It is always necessary to keep our emergency fund in a stable place like Dollar. Keeping it in Bitcoin will never be a good idea.

[Jaycoinz]

The reason for this lack of DCA consistency is a lack of patience and the inability to have an emergency fund. If you can identify the downsides of long term investing, it will be easier for you to prepare accordingly.

Some people will have emergency fund but they will prefer to leave it in naira, but if bitcoin has fallen very well, you can put it in bitcoin. It is very possible that you want to write discretionary income instead of emergency fund because emergency fund is used for emergency purpose, it is not for DCA but discretionary income can be used to DCA.

Our emergency fund and other funds are made from our discretionary income sources. It is not a good idea to make an emergency fund or a reserve fund from our income sources. These funds are made from our discretionary income sources.

It is never a good idea to keep our emergency fund in Bitcoin. Because the Bitcoin market is very volatile, it is impossible for anyone to say when the market will fall. As you said, buy during the fall and keep Bitcoin in it. But we can never say how much the market will fall. When we face an emergency situation, if the market goes down or falls, then we will have to face a loss and sell it. It is always necessary to keep our emergency fund in a stable place like Dollar. Keeping it in Bitcoin will never be a good idea.

Your emergency funds wey you get na from your discretionary income which you don talk wella but we need to know what this emergency funds money dey used for because so many people fit dey confuse am with another thing entirely. As we know say the journey of life is very complicated and nobody dey ever plan for things to reach them and when those things Dem occur, our emergency money wey we keep go help us from tampering with our Bitcoin holdings.

[GoldBitcoin112]

Though the salary scheme of Nigeria workers is very little but one thing I should encourage us doing is that, if your mined is still in Bitcoin investment never give up, use the DCA method and buy Bitcoin aggressively using your descretionary income with your monthly payment I think that alone can go a long way ,than you didn't even start, thinking it's too cost and expensive , start from somewhere and believe that your dream, never undermine the poor salary earnings, the most important thing here is what did you do with it ,it sound good when you invest with it than you didn't,  in not distance time the rewards of your efforts will gladly be received by you , so nomatter what still manage the little salary earnings and still invest.

[Hypnotizer]

Some people will have emergency fund but they will prefer to leave it in naira, but if bitcoin has fallen very well, you can put it in bitcoin.

Emergency funds are for emergencies not for investment and I consider it very wrong to use your emergency funds for investment no matter how low the price of that investment has fallen because emergency funds isn’t that huge after all and using it for investment purposes might actually cost you losses in case of any emergency situation they might arrive.

It is very possible that you want to write discretionary income instead of emergency fund because emergency fund is used for emergency purpose, it is not for DCA but discretionary income can be used to DCA.

Discretionary income is what you should use for either DCA NCA or lump sum buying during the dip, you should always be mindful of how you manage your portfolio so as to achieve your goals and allocate every penny to what it was meant for..

[Karl_3000]

Bitcoin price:
₦87,640,643 ($64,432).

It is never a good idea to keep our emergency fund in Bitcoin.

It is not a bad thing either if the person know what he is doing, should we experiment it to see that emergency fund in bitcoin is not a bad thing? I can start saving $10 in bitcoin every week to prove this, not that all the money will be lost like someone is trading but bitcoin price will increase and get to all time high, making me to later gain than losing. But if bitcoin price has increased so much, I will not do it but wait until the price fall again. As of this time that bitcoin has fallen to $64500, I can begin it. Naira will be like the money is not falling but I trust bitcoin that I know the direction it is going than to trust naira.

[Qhunman]

Hodling Bitcoin is very beneficial, though the journey might not be easy to start, as its easily said but difficult to do it. But, if one is determined and patience enough to keep accumulating despite how unstable the market can be. Also, setting the goal to be for long-term purposes, its actually the best and they should not make choices based on the opinion of their friends or anyone, but based on their confirmation and also, have other sources of income to help them on their journey of hodl.

Bitcoin is a long-term investment, investors is expected to hodl for the long-term because it the best way to make significant profits from it over the long-term. If you invest in bitcoin and hold for 4-10 years, you make substantial profit that will be beneficial for in the long-term. Your success in bitcoin depends on your consistency and patience to hold for the long-term. If you are consistent regardless of whether your discretionary income is low, your bitcoin portfolio will grow and you will likely make  huge profits over the long term and your finances will improve.

[Itz-prisigold]

Bitcoin is a long-term investment, investors is expected to hodl for the long-term because it the best way to make significant profits from it over the long-term. If you invest in bitcoin and hold for 4-10 years, you make substantial profit that will be beneficial for in the long-term. Your success in bitcoin depends on your consistency and patience to hold for the long-term. If you are consistent regardless of whether your discretionary income is low, your bitcoin portfolio will grow and you will likely make  huge profits over the long term and your finances will improve.

I know patience is important, but I believe it's important to be realistic about your expectations.  There are so many people that actually come into Bitcoin with expectation of making huge profit because of things they see or hear from social media, so these people will start to assume the same results are guaranteed for everyone.  But the reality is that Bitcoin investment actually depends on how much you invest, and what you can do to remain invested through the downturn, all these are also important.

It is always better to invest  regularly and consistently with money that you can afford to leave untouched,  rather than someone who is always going after quick profit or even investing with money that is needed for everyday survival.  Long term success is not just about someone holding onto Bitcoin for 4-10years but also setting a sustainable strategy, staying disciplined and following through during a volatile market.

[Achalugo BTC]

Bitcoin is a long-term investment, investors is expected to hodl for the long-term because it the best way to make significant profits from it over the long-term. If you invest in bitcoin and hold for 4-10 years, you make substantial profit that will be beneficial for in the long-term. Your success in bitcoin depends on your consistency and patience to hold for the long-term. If you are consistent regardless of whether your discretionary income is low, your bitcoin portfolio will grow and you will likely make  huge profits over the long term and your finances will improve.

I completely agreed with you, the longer the investment, the more profit one will make and its true, in Bitcoin, one is expected to have patience, as the investment its not a quick on that will give one quick profit as well. No doubt, there is always risks involved but with the right knowledge and understanding including the right information can help to navigate through challenges and can also be able to manage the risks involved and hodl for that long.

[liasbaa]

Bitcoin is a long-term investment, investors is expected to hodl for the long-term because it the best way to make significant profits from it over the long-term. If you invest in bitcoin and hold for 4-10 years, you make substantial profit that will be beneficial for in the long-term. Your success in bitcoin depends on your consistency and patience to hold for the long-term. If you are consistent regardless of whether your discretionary income is low, your bitcoin portfolio will grow and you will likely make  huge profits over the long term and your finances will improve.

I completely agreed with you, the longer the investment, the more profit one will make and its true, in Bitcoin, one is expected to have patience, as the investment its not a quick on that will give one quick profit as well. No doubt, there is always risks involved but with the right knowledge and understanding including the right information can help to navigate through challenges and can also be able to manage the risks involved and hodl for that long.

I call long term DCA investing in Bitcoin literally building a sustainable personal/institutional economy on a solid foundation. This strategy is about practicing long-term investment strategies despite your financial limitations, and gaining experience in what is a risky investment strategy for you.
During the long term DCA expedition you will learn to be patient and build confidence in the face of the risk of price declines and in fact analyzing Bitcoin limited supply structure and increase of demand it is almost certain that Bitcoin's price will increase significantly in the future.

[PhilosopherKing]

Some people will have emergency fund but they will prefer to leave it in naira, but if bitcoin has fallen very well, you can put it in bitcoin.

It will be a very bad idea for person to ever invest with emergency funds.

Investment money is not the same thing with emergency money and when person is acting like they are the same the person is bringing problem for himself. If any person invest with emergency funds what will be the fate of the person ongoing investment when real emergency come up. When real emergency comes up, the person will be left with no choice than to sell out what they bought to fix that emergency, and that dosen't sound like a good position for a bitcoiner to be in

[Plutomanian]

Some people will have emergency fund but they will prefer to leave it in naira, but if bitcoin has fallen very well, you can put it in bitcoin.

It will be a very bad idea for person to ever invest with emergency funds.

Investment money is not the same thing with emergency money and when person is acting like they are the same the person is bringing problem for himself. If any person invest with emergency funds what will be the fate of the person ongoing investment when real emergency come up. When real emergency comes up, the person will be left with no choice than to sell out what they bought to fix that emergency, and that dosen't sound like a good position for a bitcoiner to be in

Bitcoin is the top project in the market and a hot cake for any investor because they're aiming for their big winnings and coming together to ensure they reap it will be such a wonderful work. Everyone want to do what's best for them and nobody will like to welcome losses to his or her doorsteps. We know exactly what Bitcoin have become and how it have change our lives. Bitcoin is very important and necessary when it comes to investments, that's one of the solid reasons why we should always look upon our paths because there are weigh greater things to achieve and we will keep pressing.

[Karl_3000]

Bitcoin price:
₦88,978,769 ($65,543).

It will be a very bad idea for person to ever invest with emergency funds.

I started investing my emergency fund in bitcoin again when it got to $60000 recently, I prefer my emergency fund to be in bitcoin than for it to be in naira. But if you know it is naira that is working for you, you can be using it for emergency fund but I prefer mine to be in bitcoin.

The only time little of my emergency fund is in naira or stable coins is when the price of bitcoin is very high already, I would have to wait for bear market again.

[BluebloodCXVI]

Some people will have emergency fund but they will prefer to leave it in naira,

Well they’re not wrong for doing that. That’s the only reasonable thing to do.

but if bitcoin has fallen very well, you can put it in bitcoin.

You seem to be confused @PostQuantumBTC. The whole purpose of emergency funds is for it to be easily available to you when you need it the most. So how can you now suggest that folks put their emergency funds into a volatile asset like bitcoin?. Don’t you know that the value of the money could drop before the emergency even happens and it can affect their investment in a negative way. Your emergency funds is supposed to be liquid and stable before it can be able to properly serve its purpose as an emergency fund.

[PostQuantumBTC]

You seem to be confused @PostQuantumBTC. The whole purpose of emergency funds is for it to be easily available to you when you need it the most. So how can you now suggest that folks put their emergency funds into a volatile asset like bitcoin?

No, I am not confused, but it is you that is confused for not knowing what fiat is. Emergency fund will be readily available if you have it in bitcoin also. Just keep it on your self-hosted wallet and it will be readily available for you if you need it. Bitcoin is not altcoins that will lose almost all its value, it will rise back.