Hodl (Naija)

[Son Of Blockchain (SOB)]

Bitcoin price:
₦83,373,386 ($60,763  €53,560  £46,194).

What price do you think bitcoin can fall to? I mean the bottom.

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

[PostQuantumBTC]

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

Bitcoin wants to struggle to get to $60000 for now, it dropped to almost $58000 before you posted this. It increased above $60000 but shortly followed by more fall that made it fall below $59900 to $58040. Right now bitcoin is showing signs that the $60000 that we thought would be a support is now becoming a resistance. If bitcoin does not go above $60000 earlier, that mean the support as been broken.

[cxtreenal]

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

Bitcoin wants to struggle to get to $60000 for now, it dropped to almost $58000 before you posted this. It increased above $60000 but shortly followed by more fall that made it fall below $59900 to $58040. Right now bitcoin is showing signs that the $60000 that we thought would be a support is now becoming a resistance. If bitcoin does not go above $60000 earlier, that mean the support as been broken.

The market is behaving strangely. I did an analysis of the price of Bitcoin today. It seems to me that the current global situation is stable and the price of oil is in a more normal state, but the price of Bitcoin is going down now. I tried to find an answer to this question but in response I think that the price of Bitcoin is now in a more stable state because after the Iranian attack, the Strait of Hormuz was closed for a few months and the price of oil increased and it may take some time to recover from the damage that the world economy suffered at that time. Another surprising thing is that the price of Bitcoin did not fall too much as a result of the war in the Middle East. The market is gradually strengthening and the price is increasing, giving investors more opportunities to accumulate more Bitcoin.

[Sticky Bomb]

Bitcoin price:
₦83,373,386 ($60,763  €53,560  £46,194).

What price do you think bitcoin can fall to? I mean the bottom.

I still believe that the resistance in the $60,000 mark is very strong that's why it didn't drop further after reaching $59,000. Well i can't be too sure that it would not fall below that cause the bear season is still on and the war we all thought would finally be resolved with a negotiation didn't go positive as expected.
 I believe that's what cause the price to drop below $60,000 although it shortly recovered to again but if there would be another bottom the amount I feel Bitcoin might drop to is $55,000.

It dropped below$59000, I meet the price at $58300 before it recovered back to $59 and then to $59,500. I'm not a professional trader, but I don't think the $60k resistance is in place yet and until it becomes sustained, the price cannot go back to $65k and above. It may still likely go down a little before bouncing back, this is only a speculation from me.

[Karl_3000]

Bitcoin price:
₦83,240,222 ($60,555  €53,337  £45,904).

New poll has been added which which has an interesting question about if the price bitcoin fell to yesterday which is $58000 will be the lowest price of bitcoin in this bear market or bitcoin price will still later be dominated by the bears which will make the price later fall further and go below $58000.

As for those among us that have not sold their coins, the very good time is coming.

[Versatile_choice]

Bitcoin price:
₦83,240,222 ($60,555  €53,337  £45,904).

New poll has been added which which has an interesting question about if the price bitcoin fell to yesterday which is $58000 will be the lowest price of bitcoin in this bear market or bitcoin price will still later be dominated by the bears which will make the price later fall further and go below $58000.

As for those among us that have not sold their coins, the very good time is coming.

Well, i think the market may likely fall below the stated amount. though I'm not certain about that just maybe" the market is still showing red sign this means that there's a possibility for the price to go below that stated amount. I'm suggesting that the market will go dipper maybe to $55000, and when it gets to that point, I don't mind going all in.

But did you think there's a possibility for the price to fall below $55000? Well, I'm not going to sit back and wait until it gets to that point. I would maintain the ongoing buying of bitcoin at the same time waiting to buy from that amount that's if the market permits.

[Grace333]

I think that you’re either being just borderline ignorant right now or perhaps maybe you’re just delusional if you truly believe that keeping emergency funds in bitcoin is a good idea. We all know that bitcoin is a volatile asset and so the price always moves up and down. So what if you need the emergency funds during the time that the market price is down and you cannot wait for it to go up again before you sort the emergency then you decide to sell it to take care of the said emergency, would the value still be the same as the money you used to buy the bitcoin in the first place ? No it won’t. And it might eventually turn out that the money you saved in bitcoin will no longer be enough again to take care of the emergency because its value has decreased. so is it really worth it?

Your statement is very confusing, the only thing I'm able to get from your whole statement is that we need emergency fund during the time that the market price is down and I largely disagree with you on that. Emergency fund should be make available in all time so long as you have started your accumulation journey, the reason why it's advised to have our emergency fund set up is not just because of the dip that may occur but it's due to unexpected expenses that might come up during the process of your accumulation.

Emergency fund is not a security precaution fund for down trends alone it's a general phenomenon for one's financial good. Those who are opptortuned to have started their emergency funds before investing might not understand how advantage they are compared to someone who is just beginning his emergency funds because those who have saved up some emergency fund before can make a complete purchase with their discretionary income meanwhile those who haven't started would have to split the money to invest in what ever they want to invest in and still save up for emergency fund.

[Karl_3000]

Bitcoin price:
₦83,033,742 ($60,405  €53,089  £45,757).

Well, i think the market may likely fall below the stated amount. though I'm not certain about that just maybe" the market is still showing red sign this means that there's a possibility for the price to go below that stated amount. I'm suggesting that the market will go dipper maybe to $55000, and when it gets to that point, I don't mind going all in.

I noticed that bitcoin do not want to fall below $60000 but  it may later give up the $60000 if the bulls are unable to take the price of bitcoin higher.

But did you think there's a possibility for the price to fall below $55000?

It is very possible that bitcoin can get to $55000, but I do not know if it is going to happen, I only prefer the hodling strategies which is what I learn more about bitcoin investment.

[Yorubek]

I think that you’re either being just borderline ignorant right now or perhaps maybe you’re just delusional if you truly believe that keeping emergency funds in bitcoin is a good idea. We all know that bitcoin is a volatile asset and so the price always moves up and down. So what if you need the emergency funds during the time that the market price is down and you cannot wait for it to go up again before you sort the emergency then you decide to sell it to take care of the said emergency, would the value still be the same as the money you used to buy the bitcoin in the first place ? No it won’t. And it might eventually turn out that the money you saved in bitcoin will no longer be enough again to take care of the emergency because its value has decreased. so is it really worth it?

Your statement is very confusing, the only thing I'm able to get from your whole statement is that we need emergency fund during the time that the market price is down and I largely disagree with you on that. Emergency fund should be make available in all time so long as you have started your accumulation journey, the reason why it's advised to have our emergency fund set up is not just because of the dip that may occur but it's due to unexpected expenses that might come up during the process of your accumulation.

Emergency fund is not a security precaution fund for down trends alone it's a general phenomenon for one's financial good. Those who are opptortuned to have started their emergency funds before investing might not understand how advantage they are compared to someone who is just beginning his emergency funds because those who have saved up some emergency fund before can make a complete purchase with their discretionary income meanwhile those who haven't started would have to split the money to invest in what ever they want to invest in and still save up for emergency fund.

It is true that those who have already created an emergency fund can manage their investment in Bitcoin continuously without additional financial stress and can hold it for the long term very easily and keeping in mind the unknown dangers of the future in addition to the investment, there is no need to create an emergency fund because it is already there, they can use the money from the emergency fund in another investment if they want, this has undoubtedly created a big opportunity for them, and for those investors who do not already have a emergency fund, it may be a little difficult because they have to continuously purchase Bitcoin with prudent money and create a emergency fund. The main purpose of creating emergency fund is so that an investment can be managed continuously despite any bad situation and reach its goal.

[Karl_3000]

Bitcoin price:
₦83,213,167 ($60,451  €53,064  £45,491).

[ChisomP]

Bitcoin price:
₦83,240,222 ($60,555  €53,337  £45,904).

New poll has been added which which has an interesting question about if the price bitcoin fell to yesterday which is $58000 will be the lowest price of bitcoin in this bear market or bitcoin price will still later be dominated by the bears which will make the price later fall further and go below $58000.

As for those among us that have not sold their coins, the very good time is coming.

I don't think the poll is functioning properly. I tried voting but it wasn't working and it seems no one has voted either. Make proper adjustments and corrections to the poll.

Well, when it comes to the bottom of Bitcoin, I believe it will still go lower than 58,000. From what I have seen so far in btc, there is still more downward movement since the bulls haven't been able to climb higher than 60,000 price range.

But since we are all hodling fanatics, I feel the price doesn't matter we should just HODL irrespective of the price .

[Versatile_choice]

[Edited out]

Those who are opptortuned to have started their emergency funds before investing might not understand how advantage they are compared to someone who is just beginning his emergency funds because those who have saved up some emergency fund before can make a complete purchase with their discretionary income meanwhile those who haven't started would have to split the money to invest in what ever they want to invest in and still save up for emergency fund.

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

[Karl_3000]

Bitcoin price:
₦82,334,694 ($59,870 €52,497 £45,220).

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

I have emergency fund and it part of my discretionary income but which I set aside for emergency, although I have not been using it than saving more. It is just like my discretionary income the way I see it now and I am converting it to bitcoin gradually.

I don't think the poll is functioning properly. I tried voting but it wasn't working and it seems no one has voted either. Make proper adjustments and corrections to the poll.

Thanks, I have reset it. You can vote now.

[Versatile_choice]

Bitcoin price:
₦82,334,694 ($59,870 €52,497 £45,220).

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

I have emergency fund and it part of my discretionary income but which I set aside for emergency, although I have not been using it than saving more. It is just like my discretionary income the way I see it now and I am converting it to bitcoin gradually.

I think it's best for you to separate them because putting them together could cause confusion or someday you might be tempted to go all-in for example; when there's a major market decline, and then you will no longer have emergency fund. You know some market situation can be  very tempting that is why we need to separate emergency fund from discretionary funds, so as for you to be sure of what you're doing. Imagine now that you said you are gradually converting them to bitcoin what if you end up converting all of your discretionary income how are you going to do it when emergency need arises?

[socks435]

Bitcoin price:
₦82,334,694 ($59,870 €52,497 £45,220).

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

I have emergency fund and it part of my discretionary income but which I set aside for emergency, although I have not been using it than saving more. It is just like my discretionary income the way I see it now and I am converting it to bitcoin gradually.

I think it's best for you to separate them because putting them together could cause confusion or someday you might be tempted to go all-in for example; when there's a major market decline, and then you will no longer have emergency fund. You know some market situation can be  very tempting that is why we need to separate emergency fund from discretionary funds, so as for you to be sure of what you're doing. Imagine now that you said you are gradually converting them to bitcoin what if you end up converting all of your discretionary income how are you going to do it when emergency need arises?

That's risky if you use an emergency fund and convert it all to Bitcoin. I heard a similar story where the guy converted all of his savings into Bitcoin, and now he has become rich following the same, maybe giving you a different result. It is supposed to be emergency funds no matter what it should only save into the bank for safety its not good if you are going to do the same as the guy that I  heard before they converted all of his saving for Bitcoin he had a good decision but we do not know if what will happen into Bitcoin in the future. So for me, better save them in the bank or at least 75% in the bank and 25% to Bitcoin is way safer when you need the emergency fund the first funds you need to withdraw are from the bank, so that you don't touch your Bitcoin during declines or accidentally sell them at a negative profit.

[Big Dirams]

Bitcoin price:
₦82,334,694 ($59,870 €52,497 £45,220).

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

I have emergency fund and it part of my discretionary income but which I set aside for emergency, although I have not been using it than saving more. It is just like my discretionary income the way I see it now and I am converting it to bitcoin gradually.

I don't think the poll is functioning properly. I tried voting but it wasn't working and it seems no one has voted either. Make proper adjustments and corrections to the poll.

Thanks, I have reset it. You can vote now.

Mate I will advice you to keep your emergency funds in good shape because we don’t know any emergency that might come during the future or next coming days so I’ll advice not to sell your emergency funds or convert them into bitcoin just keep it in a reachable and safe place. Keep using your discretionary income for your DCA accumulation and keep setting little aside for your emergency funds, back up funds and reserve funds.

Emergency funds might not be of a use to you know and I don’t pray any emergency should come but just keep setting the emergency funds in good shape. It is very necessary because we wouldn’t advice you to sell off your holdings when emergency situations arise.

[TrialBitcoin]

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

I understand your point, but I don't think it's a matter of one being completely more important than the other. An emergency fund provides financial stability and helps prevent you from selling your Bitcoin during unexpected situations. At the same time, delaying investment for too long while building a large emergency fund can mean missing out on long-term growth. A balanced approach is often the most practical, build a modest emergency fund first, then start investing consistently in Bitcoin while continuing to grow your emergency savings over time.

[Versatile_choice]

[Edited out]

That's risky if you use an emergency fund and convert it all to Bitcoin. I heard a similar story where the guy converted all of his savings into Bitcoin, and now he has become rich following the same, maybe giving you a different result. It is supposed to be emergency funds no matter what it should only save into the bank for safety its not good if you are going to do the same as the guy that I  heard before they converted all of his saving for Bitcoin he had a good decision but we do not know if what will happen into Bitcoin in the future. So for me, better save them in the bank or at least 75% in the bank and 25% to Bitcoin is way safer when you need the emergency fund the first funds you need to withdraw are from the bank, so that you don't touch your Bitcoin during declines or accidentally sell them at a negative profit.

I'm sure the guy did that due to ignorant, luckily there was no emergency on his way until his mission was accomplished. He's such a lucky guy though, but for the fact that he succeeded in such practice doesn't mean it will work the same for every other person. So for that reason I would advice us not to engage ourself in such practice because it's very risky, we shouldn't take for the fact that there has not been any sign of emergency over the years and stop giving priority to building our emergency funds. We should know that emergency can't come knocking at our doors to remind us that it's about to happen, rather it happens unexpectedly that is the more reason why we need to make our emergency fund available at all time.

[SuperBitMan]

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

build a modest emergency fund first, then start investing consistently in Bitcoin while continuing to grow your emergency savings over time.

I disagree with you, you can decide to start accumulating bitcoin along side building your emergency funds, for example you can decide to use 60 percent of your discretionary income to to build your emergency funds and then 40 percent of your discretionary income to build your bitcoin investment, and maybe after you have successfully built a very strong emergency funds you can stop and then focus and use all your discretionary income to build your bitcoin investment.
So there’s no need for you to wait after building your emergency funds before starting your bitcoin investment
You can simply do what I said above.

[PremiumcryptoHub]

Those who are opptortuned to have started their emergency funds before investing might not understand how advantage they are compared to someone who is just beginning his emergency funds because those who have saved up some emergency fund before can make a complete purchase with their discretionary income meanwhile those who haven't started would have to split the money to invest in what ever they want to invest in and still save up for emergency fund.

Some folks think that building emergency funds is the first thing, for me I see it as a miss priority even though they are at advantage. Personally I feel building our discretionary funds is the first thing because when there's no Investment the whole of the emergency funds becomes a waste,That is why we need to prioritize building our discretionary income to enable  us get started, this way building our emergency fund will make much sense than building it when we have not started our bitcoin investment.

Exactly, building an emergency fund is not the first step to investing in BTC, but this is actually the wrong priority for people because i think that by having a discretionary fund, a person is completing the first step of investing in BTC. Moreover, I save some amount of naira every month as an emergency fund which is separate from discretionary income but is saved for emergency needs. So in conclusion, it can be said that the first step to start investing in Bitcoin is to take bold steps, be patient and have discretionary income. My idea new investors who are interested in holding, instead of prioritizing their emergency fund, get busy accumulating BTC with a small amount of money.