Hodl (Naija)

[knowngunman]

Anyone can start diversifying its portfolio at anytime. An example is 70% bitcoin, 20% gold and silver which is talked about and 10% altcoins portfolio. You can start them with bitcoin accumulation.

But the issue I see is that it is very clear that gold can not give the return that bitcoin can give. Silver can give it but I prefer and trust bitcoin than silver to give higher returns, not in usability.

None of these assets give higher return like bitcoin but it's a coin with two sides. When the reverse side happen, you'll likely regret while you chose it over gold. I don't think anyone buys gold expecting 100x return from it in few years. The highest it can get in a year is about 1-2% but the good side of it is that it doesn't depreciate rapidly like bitcoin that gives high return. BTC has potential to do 10x but at the same time can do -80% during bad days. Alt is gambling, unless you're good in trading to be taking your chances. Diversifying on these assets should be based on their role and not about return because they are incomparable. BTC for potential high profit and gold for maintaining your wealth.

[BitBakerr1]

Bitcoin price:
₦85,911,282 ($62,765 €54,888 £46,996).

Wont it be better to use automated posting, specifically for updating the price on this thread.

The OP has been doing that once in a while, doing it every day will be a huge work but actually it will be better if it’s been updated every day, but I really don’t see the need for that, doing it once in a while just like the OP does it is okay, but if you can be doing it every day you can actually do it, the OP has already given you a go ahead order so you can be updating it, but how long will you continue, don’t start what you can’t finish , just joking you can carry on if you have the energy for it.
Goodluck but this your name Dey make me vex .

[PremiumcryptoHub]

A lot of people treat emergency funds like something people build after you start investment but having it in place first really gives you breathing space.vit makes investing way less stressful because you are not constantly pulling from the Sam pool of money. at this same time , I think for many beginners it's just a timing issue rather than lack of discipline they are trying to balance both at once with limited income.

Even though i support the idea of having emergency funds, i don’t think it would be wise to delay investment just because you have not figured out your emergency funds yet. In an instance where a person’s discretionary income is limited and they are not able to set aside their emergency funds from it, there’s no need to hold off their investments because they can always figure out ways to make their emergency funds available on their next purchase. It will be better to start investing with whatever you can comfortably afford first and then build your back up funds alongside it as your discretionary income allows instead of wasting time waiting to complete one before starting the other.

I wish people realize that starting an investment is a very big step that requires lots of emotions and considerations, so at a point where you have the desire to invest it is better you invest at that moment, whether knowledge or emergency funds or whatsoever can come later, some people might say they don't have this or they don't have that and at the end of the day the end up not investing at all, so starting the process will make you to even get to know those things and get those things better.

I think many people realize that investing in Bitcoin is a big step but new investors who have little knowledge might take it as an easy step and just invest with their discretionary income. You are right that some people say they don't have this or that but that is just an excuse to start investing in Bitcoin, one thing to remember is that not only Bitcoin investment but other investments like gold or silver are also good if one has enough money but we feel that gold or silver cannot give the returns that Bitcoin gives.

Everyone is free to invest in whatever asset they believe will give them what they want, some prefer physical assets while others think that digital assets are more valuable moving forward, both ideas aren't wrong, we can all invest in whatever we want, it's better for a person to decide on what they want rather than to be convinced by another and then not have a successful investment, I would advise anyone who wants to invest in bitcoin but the choice is ultimately theirs to make.

As far as I know, everyone is independent when it comes to investing because many people invest in different assets. In fact many people are currently choosing to invest in Bitcoin because this asset can provide higher returns than physical assets. Even so, I have opened up to those who want to choose this Bitcoin investment, it is very risky because its price fluctuates constantly,Also, the price of BTC could suddenly experience a huge drop, even news can lower the price of Bitcoin,As evidence of this, we noticed that Strategy sold over 3,000 Bitcoins today, the impact of their selling such a large amount of Bitcoin may have a negative impact on the sentiment of the BTC market.

[Byebyebtc]

Aside to hold bitcoin for long period seff, instead of make person save for fiat i go advice make e leave the money for bitcoin because the way fiat dey devalue na something of great concern. I just pity those people wey still dey pack money dey go full their banks,

You know most time people aren't really educated enough to know about Bitcoin, and that is why they still pack money In fait, most times they try to save in other country currencies like $ because of inflation the inflation in their country is worse than than that of the other country. so they try to save in there, meanwhile if they know well about Bitcoin and trust it then they will definitely want to invest. Nevertheless we all should tell more people about Bitcoin especially those your friends that have some good amount of money.

[Karl_3000]

Bitcoin price:
₦85,819,472 ($62,567 €54,705 £46,836).

Everyone is free to invest in whatever asset they believe will give them what they want, some prefer physical assets while others think that digital assets are more valuable moving forward, both ideas aren't wrong, we can all invest in whatever we want, it's better for a person to decide on what they want rather than to be convinced by another and then not have a successful investment, I would advise anyone who wants to invest in bitcoin but the choice is ultimately theirs to make.

Yes, anyone can invest on the asset of their choices, it can be a digital like bitcoin or physical assets like gold, silver, land or real estates. But some people can be convinced to invest in something like bitcoin. Just that it is better not to invest blindly but to do research about the asset before investing is very important so that the person avoid scam.

[SuperBitMan]

Bitcoin price:
₦85,819,472 ($62,567 €54,705 £46,836).

Everyone is free to invest in whatever asset they believe will give them what they want, some prefer physical assets while others think that digital assets are more valuable moving forward, both ideas aren't wrong, we can all invest in whatever we want, it's better for a person to decide on what they want rather than to be convinced by another and then not have a successful investment, I would advise anyone who wants to invest in bitcoin but the choice is ultimately theirs to make.

Yes, anyone can invest on the asset of their choices, it can be a digital like bitcoin or physical assets like gold, silver, land or real estates. But some people can be convinced to invest in something like bitcoin. Just that it is better not to invest blindly but to do research about the asset before investing is very important so that the person avoid scam.

I love the advice you gave at the end, people should do very good research about any investment they want to go into, one of the reasons why some people get scammed is because they don’t like doing research, when you do proper research about an investment you will always fine a red flag that will stop you from investing if it’s a scam investment, and again even if the investment is genuine you still need to do research so you will know more about the investment and know how to go about it, take bitcoin investment for example, if you go into bitcoin investment the wrong way you will fail, for instance you are using money meant for your bills to invest in bitcoin instead of your discretionary income or you are waiting for a dip to happen before you start accumulating.

[Princess Leah]

Everyone is free to invest in whatever asset they believe will give them what they want, some prefer physical assets while others think that digital assets are more valuable moving forward, both ideas aren't wrong, we can all invest in whatever we want, it's better for a person to decide on what they want rather than to be convinced by another and then not have a successful investment, I would advise anyone who wants to invest in bitcoin but the choice is ultimately theirs to make.

I agree with that, you can't force anyone to invest in what they don't want to, they have a choice on whatever investment option they wish to put their money into. What can be done is to try convince people with good reason why they should choose a particular investment option over another and if they don't buy the idea you leave them alone to focus on their choice.

 However, talking about digital investment the best anyone should go for is Bitcoin, it has a good history of success for long term holders which makes it trustworthy than other so investing in other digital assets other than Bitcoin is too risky expect the investor willingly choose to risk it and suffer the consequences.

[Plutomanian]

I agree with that, you can't force anyone to invest in what they don't want to, they have a choice on whatever investment option they wish to put their money into. What can be done is to try convince people with good reason why they should choose a particular investment option over another and if they don't buy the idea you leave them alone to focus on their choice.

 However, talking about digital investment the best anyone should go for is Bitcoin, it has a good history of success for long term holders which makes it trustworthy than other so investing in other digital assets other than Bitcoin is too risky expect the investor willingly choose to risk it and suffer the consequences.

Hodl is a good pattern to follow but you ask yourself before embarking on this journey, are you patient enough because the market is ready to throw things down your part and if you're not ready enough, you slack and fall from the very top. Is it what you want? We engaged ourselves with projects that have good roadmaps and not been lure into thinking that the market have a proper chance of making profits for ourselves, common we can't be selfish not talking about crypto.

You're right, none of us can be force to go against our will, we can't force anyone to invest but it can be persuasive you know? The space is more of a complex one where we don't rush our matters here, we just become very eligible when we're filled in with more information, and accessible to the necessary features, that's how to stand out and become more optimistic and independent in the market.

[DiMarxist]

Snip

Hodl is a good pattern to follow but you ask yourself before embarking on this journey, are you patient enough because the market is ready to throw things down your part and if you're not ready enough, you slack and fall from the very top. Is it what you want? We engaged ourselves with projects that have good roadmaps and not been lure into thinking that the market have a proper chance of making profits for ourselves, common we can't be selfish not talking about crypto.

Hodling is one thing that every single person who is coming into Bitcoin by starting investment in Bitcoin should think through and come to accept. This is because the Bitcoin market is not always straight but is full of moments that are uncertain which defines the Bitcoin ecosystem. Because of this uncertainty which is generally attributed to volatility investors are encouraged to hodl their assets because Bitcoin rewards long term holders more than those who may not have the patience and willingness to stay long in the market.

[Somto9Light]

I love the advice you gave at the end, people should do very good research about any investment they want to go into, one of the reasons why some people get scammed is because they don’t like doing research, when you do proper research about an investment you will always fine a red flag that will stop you from investing if it’s a scam investment, and again even if the investment is genuine you still need to do research so you will know more about the investment and know how to go about it, take bitcoin investment for example, if you go into bitcoin investment the wrong way you will fail, for instance you are using money meant for your bills to invest in bitcoin instead of your discretionary income or you are waiting for a dip to happen before you start accumulating.

Research is very important and necessary for one to do before making any decision, as it will keep them updated and helps them to detect when its scam, as they will find it easy to escape from them. And also, people should not ignore that fact that its important for them to invest with what they can lose due to the market fluctuations and also, its necessary for them to have other source of income that will support them in the decision they make like you said and that is why most people are always at the losing side because they fail to do the necessary thing and that makes them vulnerable to easily fall into the traps of scammers.