The USD down, Bitcoin down, Every red, but Don't let anyone take your Green seat

[Call_Me_Guru]

If there's a country people I wish the most investment success in the next coming bull run in Bitcoin, it is my Naija fellas, which is why I made this post to ginger us, keep us alerted and see the opportunities in the present down-pouring in Bitcoin. The last time I checked today, Bitcoin way at ≈₦91 Million. That's serious. This represents a drop from the height of almost ₦200 Million. The bleeding is not gonna stop so soon, no, but take a deep breath, don't you see it as an opportunity, considering the past history?

The Post-Halving Reality:
Historically, the 2 years after a halving is never a straight line northward. We are currently in the "Re-Accumulation Phase." That is why the large institutional players like ETFs, market makers love these moments, they eventually make more money. As you panic, they see an opportunity and when you sell in panic without a Buyback plan, a BlackRock or a Fidelity is likely the one buying your "discounted" coins.

The Naira Factor (The Double-Edged Sword):
While the BTC price in USD is dropping, our local Naira price is apprecaiting to make it drop more, a double trouble for HODLers. The stablecoin holders are equally not spared. The rate has dropped drastically below ₦1,400 per USD in some outlets. For those who have their Bitcoin till now, Don't Sell, that will be a trap and a painful loss. You are already late to exit, don't panic, Bitcoin will rise back. Look for more lower levels to buy more if you can. I don't think you will regret doing that. Learn from this next time and exit appropriately at the most feasible ATH for the opportunity to Buyback at a cheaper price to make more money.

From another angle:
Bitcoin is a hedge against inflation. At the current price (₦90M), Nigerians are well favoured, Bitcoin in 3 years + months to come can't be that same value. It could be more than ₦250M then. Check history!
But what kills faster and causes panic which induces wrong decision is constant checking the Bitcoin chart and crypto app. Mehnnn, you have to stop, it could trigger Buy and Sell for both parties.

To avoid emotional mistakes:

1. Have a disciplined scheduled time for checking (if you want to buy and looking for the best price).
2. Consider DCA (Dollar Cost Averaging) technique and space up the accumulation frequency.
3. Do it when the Sell Volatility has come down.

If you ask me, I prefer to buy the dip than wait for ₦170M to start FOMOing again.

[Coyster]

You no lie for wetin you talk, but the truth be say people go still sell. Some of them dey sell because they have no choice, based on say dem put almost all of their funds for bitcoin, so their hands are forced and they have to liquidate. That na why we dey always advise people to have emergency funds, you can do that through saving a percentage of what you earn in real life. This savings would be kept in your bank account, ready to be accessed as soon as you need it.

That said, if you are not selling for the reason above, then i don't see why you should let go of your coins. Don't fall for fud on social media and do not panic sell, you could end up regretting it later on.

[Call_Me_Guru]

You no lie for wetin you talk, but the truth be say people go still sell. Some of them dey sell because they have no choice, based on say dem put almost all of their funds for bitcoin, so their hands are forced and they have to liquidate.

100%, that one no be lie. D thing be say selling bitcoin self no be d issue but where d person dey sell all. If no be for hardship or one kind emergency, I think say d persin no reason am well if in sell anyhow cos na loss. Think am this way, persin don sell am for $60k wey we see last week and bitcoin con dey rise go up go above $126k wey be in ATH, wetin d person go do? D mistake already don happen wen in delay for long. Wetin I believe be say make in leave am, bitcoin go still go up, e fit just te. Na next time in suppose dey plan better. If moni dey self make in buy more for d low price.

[Emjay24]

For those who have their Bitcoin till now, Don't Sell, that will be a trap and a painful loss. You are already late to exit, don't panic, Bitcoin will rise back. Look for more lower levels to buy more if you can. I don't think you will regret doing that. Learn from this next time and exit appropriately at the most feasible ATH for the opportunity to Buyback at a cheaper price to make more money.

This is true, anyone trying to sell now is only going to be losing a lot especially if he bought in the range of $90k - $126k. It is best to hold on to your investment if you can. For those in their accumulation journey and surely has a long-term holding plan, they are comforted by this price drop since it provides them the opportunity to buy more at reduced prices. Dips are rare opportunities but sadly only real bitcoin investors are able to see it for the opportunity it presents and seize it to stack up their portfolio with more sats instead of panicking and selling at a big loss.

[Mate2237]

The best time to buy is during the dip when the price of Bitcoin is down and is cost friendly because this means that you are saying more money, and even accumulation. To our fellow Nigerians we should not allow this drop in price to deter or discourage us from investing because better days are ahead as Bitcoin will bounce back I personally believe that this Sharp drop in price is about price correction selling off your Bitcoin now is not the best option.



Anyone selling off their holdings in Bitcoin now may likely encounter loses, because the price is down and is against us the investors we have to exercise little patience if we are to get the best out of our Bitcoin holdings as investors.

[Karl_3000]

If you ask me, I prefer to buy the dip than wait for ₦170M to start FOMOing again.[/i]

It will be good if you are one of us that will buy the dip an let us shill on this thread: https://bitcointalk.org/index.php?topic=5571809.0

People have something in their nature, they will procrastinate and miss again. It is good to buy the dip now. We are many in this that are buying the dip.

The price will rise, some people will not buy but later fomo and buy at high price, but if they can wait for years, bitcoin will rise there again body perfect timing to buy the dip.

[Kelward]

Fact check USD down, Bitcoin down, di crypto market de on red except naira wey de manage to enter green although naira no get any impact for crypto market but if you want to trade your Bitcoin to naira now you go sell at a small lose. Di point be say as Bitcoin, dollar and naira de so e no too de favorable to sell your Bitcoin at dis point of dollar dip and naira appreciation, you no go get better deal if you trade am to naira. Except say you de in dire need of money matter and you no get option but to sell your Bitcoin e de better to hodl am for dis bear run, as a matter of fact make you de buy di dip for as long as e de price de go down.

[justinlamode]

This type of market condition creates a lot of new millionaires,  those who will see the crash as opportunity for aggressive investment and not a time to panic or sell off their Bitcoin below their entry price. The DCA method mentioned by OP is a very fine method to use because it is easy and does not require much sophisticated knowledge to implement.

[IceLincoln]

I share in your sentiment OP… yes Bitcoin is down, and the dollar too has gone down a bit which might be good to the average ordinary Nigerian but it’s not much good news to us lol…
I cannot sell my Bitcoin now or advise anyone to, instead this is an opportunity for us to increase our holdings and buy as much as we can. We shouldn’t let what’s happening convince us otherwise.
This is a chance to be part of the new generation of millionaires, if you missed buying bitcoin in 2024 now is a chance….Cheers

[Finebone]

One thing I don observe for this crypto space be say, to talk dy very easy, but to do wetin you talk, na different thing all together. See as we they emphasize on holding and not selling, but the truth of the matter be say to hold dy very hard if you look at your $1k dollar investment wey don shrink to $600, even though you be experience person, you go struggle to hold on to your asset, most especially if you no get that luxury of time to hold for a period of one or two years.

Almost all informed bitcoin investor knows say na this period be the best time to buy and accumulate but no be everybody gets the mind to put money where him mouth dy.
Our Nigerian naira and Bitcoin dy seriously down, which is enough reason to hold strong because even though you wan sell, you go sell at a very low rate wey our naira dy now, so holding strong for is a must for me.

[Fiatless]

It will be good if you are one of us that will buy the dip an let us shill on this thread: https://bitcointalk.org/index.php?topic=5571809.0

People have something in their nature, they will procrastinate and miss again. It is good to buy the dip now. We are many in this that are buying the dip.

The price will rise, some people will not buy but later fomo and buy at high price, but if they can wait for years, bitcoin will rise there again body perfect timing to buy the dip.

During the bull market, many young people in my neighbourhood were talking about cryptocurrency. Crypto-related news was also popular on social media. This set of people were attracted by the increase in price. They want to make a quick profit since they see crypto as a get-rich-quick venture. These days you rarely see them discussing Crypto because they don't know that this is the best time to start investing. My prediction is that the price will keep declining so let's keep accumulating.

[Jerrycrypto2024]

If one has understanding of the market and have the courage enough to buy it's now that is the right time to buy and hold, timing the market is appropriate as this period that the drop is in both side including our currency, seeking now is just lossing more if one asset, that is reason one really need understand the market before investment as some where overrating the performance through their speculation on what Bitcoin will do before the bear market, the best advice anyone can get now is to remove it's mind in the market as regards to selling but target the next bull if the person is courageous enough and continue to invest even if there is a slow down in accumulating it's better of than selling in dip loss

[Call_Me_Guru]

If you ask me, I prefer to buy the dip than wait for ₦170M to start FOMOing again.[/i]

It will be good if you are one of us that will buy the dip an let us shill on this thread: https://bitcointalk.org/index.php?topic=5571809.0

No problem brotherly. This is a good invite and challenge that I love to participate in and I just checked the link provided too, but I was  just only able read a little about it now. I will surely revisit it later today and will make my position known therein. Thanks.

People have something in their nature, they will procrastinate and miss again. It is good to buy the dip now. We are many in this that are buying the dip.

No be lie, that thing they worry me too. But no be for Bitcoin again. If we never learn from the past, when we go learn?

[Cleanshit]

For those who have their Bitcoin till now, Don't Sell, that will be a trap and a painful loss. You are already late to exit, don't panic, Bitcoin will rise back. Look for more lower levels to buy more if you can. I don't think you will regret doing that. Learn from this next time and exit appropriately at the most feasible ATH for the opportunity to Buyback at a cheaper price to make more money.

This is true, anyone trying to sell now is only going to be losing a lot especially if he bought in the range of $90k - $126k. It is best to hold on to your investment if you can. For those in their accumulation journey and surely has a long-term holding plan, they are comforted by this price drop since it provides them the opportunity to buy more at reduced prices. Dips are rare opportunities but sadly only real bitcoin investors are able to see it for the opportunity it presents and seize it to stack up their portfolio with more sats instead of panicking and selling at a big loss.

What you are saying is honest truth anyone selling this bitcoin asset now the simple truth is that, the he or she is really in a big mess right now and the truth of the matter is most people have already sold there’s and at the end of the long run when bitcoin pushes back they start to buy again, to me I feel the more like foolishness’s of a man, as an investor or someone who hi is planning to join bitcoin this are some simple secret behind bitcoin do not be in a race to sell your bitcoin when you noticed market is not smiling fine, this are not how it been done so it best to keep shit your to the top.

[Doan9269]

If you are into Bitcoin and yet to understand how the market season operates, then you probably need more time to study and know some of these, also we don't have to be moved by what the social media is saying, it is more likely to be hearing various contradictions about bitcoin market and value during the fall of the market, but what is required of us to do when we are well informed about the market reactions and how it performs on various occasions like this is to buy the dip and hold, this is the only way we can save ourselves from unnecessary fear from the market reaction until we are out of the bear season.

[Cleanshit]

If you are into Bitcoin and yet to understand how the market season operates, then you probably need more time to study and know some of these, also we don't have to be moved by what the social media is saying, it is more likely to be hearing various contradictions about bitcoin market and value during the fall of the market, but what is required of us to do when we are well informed about the market reactions and how it performs on various occasions like this is to buy the dip and hold, this is the only way we can save ourselves from unnecessary fear from the market reaction until we are out of the bear season.

This one of the part where most newbie are getting it all wrong you why social media keeps feeding them with worng drama having to forget that you need to study and follow links that will teach you how to keep bitcoin to your self than doing your self more of harm than good.

[Princess Leah]

If you are into Bitcoin and yet to understand how the market season operates, then you probably need more time to study and know some of these, also we don't have to be moved by what the social media is saying, it is more likely to be hearing various contradictions about bitcoin market and value during the fall of the market, but what is required of us to do when we are well informed about the market reactions and how it performs on various occasions like this is to buy the dip and hold, this is the only way we can save ourselves from unnecessary fear from the market reaction until we are out of the bear season.

This one of the part where most newbie are getting it all wrong you why social media keeps feeding them with worng drama having to forget that you need to study and follow links that will teach you how to keep bitcoin to your self than doing your self more of harm than good.

Bitcoin has a way of using volatility to test the patience of investors and not everyone is able to withstand the test, it's not something that's supposed to be surprising cause it's happened over and over yet some who call themselves investors still fail the test. For instance, someone who's been investing in Bitcoin in the past four years should be worried when the market drops cause such person hss witnessed the market fall and recover therefore shouldn't be moved by the market dip.

 However the dip also serve as a discount period for investors cause they'll have the opportunity to accumulate more of it at a cheaper rate before the price begins to improve again. I could understand when beginners panic but someone who's invested for four years plus hasn't no reason to panic.

[Cleanshit]

If you are into Bitcoin and yet to understand how the market season operates, then you probably need more time to study and know some of these, also we don't have to be moved by what the social media is saying, it is more likely to be hearing various contradictions about bitcoin market and value during the fall of the market, but what is required of us to do when we are well informed about the market reactions and how it performs on various occasions like this is to buy the dip and hold, this is the only way we can save ourselves from unnecessary fear from the market reaction until we are out of the bear season.

This one of the part where most newbie are getting it all wrong you why social media keeps feeding them with worng drama having to forget that you need to study and follow links that will teach you how to keep bitcoin to your self than doing your self more of harm than good.

Bitcoin has a way of using volatility to test the patience of investors and not everyone is able to withstand the test, it's not something that's supposed to be surprising cause it's happened over and over yet some who call themselves investors still fail the test. For instance, someone who's been investing in Bitcoin in the past four years should be worried when the market drops cause such person hss witnessed the market fall and recover therefore shouldn't be moved by the market dip.

 However the dip also serve as a discount period for investors cause they'll have the opportunity to accumulate more of it at a cheaper rate before the price begins to improve again. I could understand when beginners panic but someone who's invested for four years plus hasn't no reason to panic.

Well sorry if am not understanding this part it more like bitcoin is trying to play out your ability of been patient well I might not be correct but I view my own from the perspective, now I get it fully why there is a need of dip well if am correct i think it all happens for a reason why the dips keep happening maybe to test the mindset of many investors to see in there decisions taken is to sell there coins at smaller prices.

[Frankolala]

Bear market na the time to plant which is to buy as many bitcoin as you fit buy because na now the price dey cheap. No be time to dey shake like say bitcoin don crash. You know say this market dey always give opportunity to new people to join and buy cheaper those who miss out for last circle and no fit buy when the price reach $100k and above. No sell now but just dey buy dey keep.

[Mpamaegbu]

Una forget to add sey dollar to naira rate com dey down too at dis inauspicious moment 😭. D thing nor dey reach anything again.

We dey complain sey money neva dey to marry wife for first son, im mama still dey born boys dey go.