Hodl (Naija)

[Karl_3000]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

[Abuobyda218]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

[cxtreenal]

🇳🇬 ₦111,574,868 ($84,170 €73,927 £63,561)

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

Almost all altcoins fluctuate in price with Bitcoin. You might initially think that there is a chain connection. In reality, Bitcoin is a decentralized asset, most of the alts that exist outside are centralized. They only try to be behaviorally decentralized, in reality you have to earn trust in Bitcoin and accumulate regularly.

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

[Charles-Tim]

Bitcoin is in a slightly negative trend today, as of yesterday. The market has fallen from above $85,000 yesterday to $83,000 today. Along with this, altcoins that depend on Bitcoin have also started to decline.

Bitcoin got to almost $87300 yesterday. On the exchange I went through the price just now, the highest price yesterday was $87285. After it got to the price, it started falling which many people will expect as bitcoin price touched the middle monthly bollinger band. But let us see what will later happened maybe there would be a reversal.

[promise444c5]

~

Bitcoin got to almost $87300 yesterday. On the exchange I went through the price just now, the highest price yesterday was $87285. After it got to the price, it started falling which many people will expect as bitcoin price touched the middle monthly bollinger band. But let us see what will later happened maybe there would be a reversal.

I guess that was meant to liquidate the new short at the region but it’s normal for a  either buy or sell trend  to retest which it did that yesterday day before the decline. 

Hence, the 87k+ was also a negligible fake out .. 83.k ~ 86.k is the border resistance and it used to be a demand zone all throughout December and January before eventually crashing down real hard… If this trend doesn’t go below the previous resistance which was from 80.k ~83.k there’s possibility we rally up beyond it on the next retest…

Keep holding guys ..

[Karl_3000]

🇳🇬 ₦112,285,928.5602 ($84,591 €74,279 £63,920)

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

According to what I am seeing on the daily chart, the correction started 3 days ago and which is the yesterday when you posted this, but the correction continued the following day.

Yes, even during bull run, there will be some corrections, although I do not know if the price of bitcoin will continue to increase because I am seeing another strong resistance but at the end, bitcoin price will increase.

[cxtreenal]

🇳🇬 ₦112,285,928.5602 ($84,591 €74,279 £63,920)

Bitcoin price is going through a slight correction today compared to yesterday, this is part of a by rule process in the market. This price correction is part of the uptrend as Bitcoin prepares for another bull run. I will call this period a correction period because the price will rise soon.

According to what I am seeing on the daily chart, the correction started 3 days ago and which is the yesterday when you posted this, but the correction continued the following day.

Yes, even during bull run, there will be some corrections, although I do not know if the price of bitcoin will continue to increase because I am seeing another strong resistance but at the end, bitcoin price will increase.

Can you guess why this resistance has formed? I can guess a little, although I may not be right, but as I have observed in market analysis, when a market trend is feared in world trade, most investors tend to buy Bitcoin. Inflation in the world, whether natural or man-made, will probably increase alarmingly. Smart people have been able to predict it and they are showing confidence in Bitcoin. Maybe there will be some more correction but that is to give whales more opportunity to buy. Of course, I also believe that the price of Bitcoin will hit another ATH soon.

[fredericktaylor]

Those that that didn't mke a smart move some months ago would have been regretting why they refused to invest, while wasting thier time waiting for the perfect price entry before doing the necessary things, investing in Bitcoin has no perfect time,even investing now is still a perfect entry fir those that has a long-term holding mindset.

There is no one right time to start investing in Bitcoin, every moment is right for Bitcoin. The market is currently going through a rise or fall but after a long correction period, this rise has created a great opportunity for new investors who did not believe that Bitcoin would reach another ATH and probably have a strong chance of doing so within this year. Don't say fooled those new investors who have not started Bitcoin due to lack of discretionary income, they may be waiting for an opportunity, that opportunity is a price drop, but the best time for every investor to accumulate Bitcoin is when he has additional funds available. They are the smart and wise ones who consider every period of Bitcoin's price as an opportunity to accumulate Bitcoin and accumulate Bitcoin regularly.

I don’t know why a lot of people still find this to understand, if you really waiting for a DiP before thinking of kick starting your investment, then you will probably not start. With DCA everything is made very easy, so rather than waiting to start investing, you can just start with your DCA strategy, and you won’t even have to worry about how the market is going.

Sometimes if we trying to predict the market before investing, we might end up not investing at all, Bitcoin is volatile, so why waste time in trying to predict it. Invest using DCA and invest for a long period of time, with that there is a high possibility of Favorable returns.

Want to invest in Bitcoin but if you wait a long time for dip then you will never be able to start investing in Bitcoin, because the price of Bitcoin is very volatile so it is not certain when the price will decrease so I think it is completely foolish to waste extra time to start investing in Bitcoin, because it is not certain whether the opportunity you will get to buy Bitcoin will come tomorrow, because the price of Bitcoin increases in the long term so it is better to invest consistently with discretionary money and hold it for a long time with patience or confidence. This will reduce the risk of losing money and make it easier to reach the desired goal.

[Karl_3000]

🇳🇬 ₦110,679,927 ($83,000 €72,984 £62,608).

Can you guess why this resistance has formed? I can guess a little, although I may not be right, but as I have observed in market analysis, when a market trend is feared in world trade, most investors tend to buy Bitcoin. Inflation in the world, whether natural or man-made, will probably increase alarmingly. Smart people have been able to predict it and they are showing confidence in Bitcoin. Maybe there will be some more correction but that is to give whales more opportunity to buy. Of course, I also believe that the price of Bitcoin will hit another ATH soon.

Yes, there is more corrections. The resistance was at $86000 for some time now, but which has been broken and bitcoin is now at $83000.

Yes, more corrections means more opportunities to buy more bitcoin. Some people wish bitcoin to get back to $60000 but which may not happen again.

[Primark]

Want to invest in Bitcoin but if you wait a long time for dip then you will never be able to start investing in Bitcoin, because the price of Bitcoin is very volatile so it is not certain when the price will decrease so I think it is completely foolish to waste extra time to start investing in Bitcoin, because it is not certain whether the opportunity you will get to buy Bitcoin will come tomorrow, because the price of Bitcoin increases in the long term so it is better to invest consistently with discretionary money and hold it for a long time with patience or confidence. This will reduce the risk of losing money and make it easier to reach the desired goal.

If someone is just waiting for a price drop, then no one knows whether that particular drop will happen at all or after how long it will happen. That is why beginners are advised to plan to buy regularly instead of waiting for a price drop. However, if at the same time, he wants to take advantage of a possible future drop, it is not a bad decision. However, that must be a prior plan. But the main plan should be to buy regularly. To take advantage of a price drop, a reserve fund can be created in advance in addition to buying regularly. But he has to keep in mind that that opportunity may not come. Then his reserve portion may remain unused. In my opinion, the most realistic method is to buy regularly following the DCA strategy, not trying to time the market. In this way, an investor can gradually strengthen his position.

[Sunshine1525]

If someone is just waiting for a price drop, then no one knows whether that particular drop will happen at all or after how long it will happen. That is why beginners are advised to plan to buy regularly instead of waiting for a price drop. However, if at the same time, he wants to take advantage of a possible future drop, it is not a bad decision. However, that must be a prior plan. But the main plan should be to buy regularly. To take advantage of a price drop, a reserve fund can be created in advance in addition to buying regularly. But he has to keep in mind that that opportunity may not come. Then his reserve portion may remain unused. In my opinion, the most realistic method is to buy regularly following the DCA strategy, not trying to time the market. In this way, an investor can gradually strengthen his position.

It's tough to know the level of Bitcoins fluctuations or know the accurate time it would drop to the price you intend buying rather, so the best way to follow up the market is buying regularly so you don't have to be timing the market but buy however way it fluctuates. Consistency ease the need of waiting for the best time to buy.

You're right about having a reserve fund, to buy more when an opportunity arises, like times when it drops very lower than expected but it shouldn't be done regularly like using the DCA strategy.

[Karl_3000]

Quote
🇳🇬 ₦110,987,964 ($83,231 €73,187 £62,851).

If someone is just waiting for a price drop, then no one knows whether that particular drop will happen at all or after how long it will happen. That is why beginners are advised to plan to buy regularly instead of waiting for a price drop.

Newbies need to know three strategies which they can use together at ones. The strategy is the NCA, averaging and lump sum.

NCA weekly.
If the price fall like $5000, you can buy more.
If the price fall far more and significantly, you can lump sum.

These helped me when bitcoin was falling from $80000 to $58000.

[cxtreenal]

🇳🇬 ₦110,679,927 ($83,000 €72,984 £62,608).

Can you guess why this resistance has formed? I can guess a little, although I may not be right, but as I have observed in market analysis, when a market trend is feared in world trade, most investors tend to buy Bitcoin. Inflation in the world, whether natural or man-made, will probably increase alarmingly. Smart people have been able to predict it and they are showing confidence in Bitcoin. Maybe there will be some more correction but that is to give whales more opportunity to buy. Of course, I also believe that the price of Bitcoin will hit another ATH soon.

Yes, there is more corrections. The resistance was at $86000 for some time now, but which has been broken and bitcoin is now at $83000.

Yes, more corrections means more opportunities to buy more bitcoin. Some people wish bitcoin to get back to $60000 but which may not happen again.

Many investors want the price of Bitcoin to fall further to buy aggressively. Especially those who are still less aware of Bitcoin, they wait for that moment of price decline. My recommendation for them is to start buying Bitcoin without waiting for the fall, maybe you will not get this current fall in the future. In the future, you may be looking for the current market price but will not have the opportunity to buy at this price and will regret it.

In this unstable market situation, buying Bitcoin regularly will be the best strategy. Even if the price is $60k when making small buying and holding Bitcoin, it is a huge opportunity for you, especially if you can increase your holdings at a low price but if the price continues to increase it is also an opportunity for you.

The main thing is to continue to accumulate Bitcoin for the long term and build up your holdings in the hope of getting the expected return.

[Sunshine1525]

Many investors want the price of Bitcoin to fall further to buy aggressively. Especially those who are still less aware of Bitcoin, they wait for that moment of price decline. My recommendation for them is to start buying Bitcoin without waiting for the fall, maybe you will not get this current fall in the future. In the future, you may be looking for the current market price but will not have the opportunity to buy at this price and will regret it.

In this unstable market situation, buying Bitcoin regularly will be the best strategy. Even if the price is $60k when making small buying and holding Bitcoin, it is a huge opportunity for you, especially if you can increase your holdings at a low price but if the price continues to increase it is also an opportunity for you.

The main thing is to continue to accumulate Bitcoin for the long term and build up your holdings in the hope of getting the expected return.

Bitcoin would never work according to their plans if they want more Bitcoins they'll have to strategise on getting it and the best strategy they can apply is consistency. Only big whales have the capacity of manipulating the market by selling off some portions, cause some weak holders to panic and sell when the market dips then buy the dip.

Well done dear, consistent accumulating is the best strategy for long term holding anyone who think otherwise can keep using whatever strategy they feel is better but the best remains the best.

[Karl_3000]

🇳🇬 ₦110,602,810 ($83,330 €73,721 £62,939).

[Primark]

If someone is just waiting for a price drop, then no one knows whether that particular drop will happen at all or after how long it will happen. That is why beginners are advised to plan to buy regularly instead of waiting for a price drop.

Newbies need to know three strategies which they can use together at ones. The strategy is the NCA, averaging and lump sum.

NCA weekly.
If the price fall like $5000, you can buy more.
If the price fall far more and significantly, you can lump sum.

These helped me when bitcoin was falling from $80000 to $58000.

People can take advantage of the price drop along with their regular plan or DCA if they want. But in this case, they must have cash reserves in advance. But if someone stops regular purchases just hoping for a drop of $5000, then I think it may not be a good decision. Because none of us know whether it will come down to that particular price at all. If the price keeps rising, then he will have to wait for a long time or buy at a higher price. That is why I always advise savers to follow the DCA strategy and invest according to their situation. In this way, one can gradually strengthen their situation.

[BluebloodCXVI]

If someone is just waiting for a price drop, then no one knows whether that particular drop will happen at all or after how long it will happen. That is why beginners are advised to plan to buy regularly instead of waiting for a price drop.

Newbies need to know three strategies which they can use together at ones. The strategy is the NCA, averaging and lump sum.

NCA weekly.
If the price fall like $5000, you can buy more.
If the price fall far more and significantly, you can lump sum.

These helped me when bitcoin was falling from $80000 to $58000.

People can take advantage of the price drop along with their regular plan or DCA if they want. But in this case, they must have cash reserves in advance. But if someone stops regular purchases just hoping for a drop of $5000, then I think it may not be a good decision. Because none of us know whether it will come down to that particular price at all. If the price keeps rising, then he will have to wait for a long time or buy at a higher price. That is why I always advise savers to follow the DCA strategy and invest according to their situation. In this way, one can gradually strengthen their situation.

Are we even sure that we’re fully back in a bull market yet?

Cos even though BTC has recovered strongly, we’re still below the previous ATH and even the current recovery that bitcoin is going through right now is being tested, that’s why the price has been fluctuating in between the $80k range.

If you’re using DCA to make purchases this period, you need not worry about whether the price is going up or not,  DCA is always gonna make sense regardless of which phase we are(bull or bear).
Only downside to buying during bull market is that you now get less bitcoins for the same amount you use in getting more before, but hey!!, it is what it is.

 

[Karl_3000]

🇳🇬 ₦113,548,233 ($85,438 €75,869 £64,579).

Are we even sure that we’re fully back in a bull market yet?

Cos even though BTC has recovered strongly, we’re still below the previous ATH and even the current recovery that bitcoin is going through right now is being tested, that’s why the price has been fluctuating in between the $80k range.

Bitcoin did not fall to $80000 but I can understand what you are saying. Bitcoin decreased to $82540 some days ago which was the lowest price bitcoin decreased to recently.

I also do not know if we are in the bull run but we are getting there.

[SDS11]

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 thread is not for the weak people that will buy bitcoin today and sell bitcoin tomorrow, we are holding for years.

We would also use this thread to discuss about bitcoin price frequently.

Hold bitcoin for retirement time, hold bitcoin during the lifetime.

We hold bitcoin we hold value.

Naira? You all know better.

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.


These are examples of what we can post about:
1. Encouraging people to hold bitcoin
2. Discouraging trading. Another topic can be created for trading
3. Positive news about bitcoin and news about bitcoin
4. Long term bitcoin price speculation
5. News about how to avoid scammers and hackers
6. Information about privacy, security and safety
7. The importance of self-custody.

I will advise that instead of saving money in bank, why not leave it in bitcoin, the way naira  is depreciating is  something which should be concerned about. Those who still put their money in banks especially this time that government decided to become tax collector they will split your money if the amount is big and the government has prove to us.
If you have bitcoin, instead leave it there to avoid unnecessary taxing. The most interesting part is that we don’t know how they will start cutting the money and to avoid falling victim for the first time inthe name of a good citizen. the obligation is to invest your discretionary and hold as long as you have a source of income.

[Achalugo BTC]

I will advise that instead of saving money in bank, why not leave it in bitcoin, the way naira  is depreciating is  something which should be concerned about. Those who still put their money in banks especially this time that government decided to become tax collector they will split your money if the amount is big and the government has prove to us.
If you have bitcoin, instead leave it there to avoid unnecessary taxing. The most interesting part is that we don’t know how they will start cutting the money and to avoid falling victim for the first time inthe name of a good citizen. the obligation is to invest your discretionary and hold as long as you have a source of income.

Well, you are right but there are some things one may consider before making any decision. For you, you might think investing in Bitcoin is the best way for one to keep their funds, but you can't say that the same is true for another person, because Bitcoin has its own challenges that not everyone might be able to handle. So, I will advise that, instead of putting all their money in one place, it would be better to diversify their funds as both banks and Bitcoin have their own purposes to serve when the need arises. This will help them to make decisions that they won't later regret.