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

[Charles-Tim]

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

I can easily see it on the topic title that United States dollar is down against naira. That is what Call_Me_Guru is referring to, that bitcoin price fall against naira recently fell while dollar price also falls against naira recently.

Also he explained it in his post that dollar is falling against naira and he also mentioned stable coins which are backed by dollar. This is it:

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.

[Nathrixxx]

To be realistic here, we know that naira does not have any strong resistance against dollars on a long-term performance, but as we may have it this time, it seems like the general world economy is falling a bit and the dollar is losing value because of the shutdown in the United States of America, moreover, if at all naira could be gaining strength against USD.

Then I expect that default fall should go beyond this, because at the end we are all going to be surprised when the economy rises up and we begin to see the fall of naira in such a way that goes beyond what we expected, is possible that athree yearsisece of USD, the exchange rate may get close to 2,000 naira per $1.

[Call_Me_Guru]

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.

E dey there brotherly. Instead of adding USD, I say Stablecoins. Dem dey all work in sync with USD. See this quote.

The stablecoin holders are equally not spared. The rate has dropped drastically below ₦1,400 per USD in some outlets.

That na why I name d subtopic Double-Edged Sword. E mean Double wahala.

[Barikui1]

To be realistic here, we know that naira does not have any strong resistance against dollars on a long-term performance, but as we may have it this time, it seems like the general world economy is falling a bit and the dollar is losing value because of the shutdown in the United States of America, moreover, if at all naira could be gaining strength against USD.

Then I expect that default fall should go beyond this, because at the end we are all going to be surprised when the economy rises up and we begin to see the fall of naira in such a way that goes beyond what we expected, is possible that athree yearsisece of USD, the exchange rate may get close to 2,000 naira per $1.

As this world economy dy so, nothing is impossible especially our fiat currency, so na very dangerous move to our finance to keep our money in naira because right now the naira fit do dy gain strength against the dollar due to the reason say dollar dy fall wetin no good this days as you don already talk, but when the time of naira fall go comes, make we no dy surprise say naira own fit worse pass dollar times five or even times ten.
So as long as we dy think long term, I would advice that we continue keeping our money in Bitcoin or any asset wey dy appreciate in value overtime, not our fiat that inflation and under valuation can do damage to it easily

[DiMarxist]

To be realistic here, we know that naira does not have any strong resistance against dollars on a long-term performance, but as we may have it this time, it seems like the general world economy is falling a bit and the dollar is losing value because of the shutdown in the United States of America, moreover, if at all naira could be gaining strength against USD.

Then I expect that default fall should go beyond this, because at the end we are all going to be surprised when the economy rises up and we begin to see the fall of naira in such a way that goes beyond what we expected, is possible that athree yearsisece of USD, the exchange rate may get close to 2,000 naira per $1.

The Naira has been performing greatly against the dollar  as there has been a significant improvements in the exchange market because, Naira has been appreciating against the dollar. But this gain is shortly because we know that going forward the dollar will eventually dominate against the dollar. The sharp drop in the the dollar may be due to the global instabilities especially as it concerns American relations with the rest of the in terms of the trade war.

[Odogwu-Blockchain]

So as long as we dy think long term, I would advice that we continue keeping our money in Bitcoin or any asset wey dy appreciate in value overtime, not our fiat that inflation and under valuation can do damage to it easily

Na only long term thinking fit make us rich and the way of the elite be that, the way of the great men who become multi millionaire today all stated that in the books they wrote, that in times of this bear period, it's a test to know who really is ready for growth or who is a weaker investor or a strong investor.

In psychology of money, it says, been able to stay hungry and never sell off his asset during this period becomes rich, those who sell off ends up with nothing and become poor.

[Jubilee58]

Everything wey you talk na true talk, if you no fit sell your Bitcoin dat time wey bitcoin rise well well to $120000-126000 no be now wey di market don dey red you go sell am. If you come sell now, na big mistake and na big loss too. People wey don de dis cryptocurrency market for long don know how di bitcoin market de, and na now be di right time to start to de buy Bitcoin small small because di time wey bitcoin go boom again de come and if you buy am di time wey di price don come down, you go make big profit be dat. I no sey some investors leg de shake , especially di people wey de new for Bitcoin, as dem de look dia investment, and dia Bitcoin de go down, some of dem don take dat reason sell dia Bitcoin asset.
We know sey Bitcoin de only reward long term investors, and na when you don de patient with your investment wey you go fit make gain, and if you de fear to de patient, you no go fit get good reward.

[Call_Me_Guru]

To be realistic here, we know that naira does not have any strong resistance against dollars on a long-term performance, but as we may have it this time, it seems like the general world economy is falling a bit and the dollar is losing value because of the shutdown in the United States of America, moreover, if at all naira could be gaining strength against USD.

Then I expect that default fall should go beyond this, because at the end we are all going to be surprised when the economy rises up and we begin to see the fall of naira in such a way that goes beyond what we expected, is possible that athree yearsisece of USD, the exchange rate may get close to 2,000 naira per $1.

As this world economy dy so, nothing is impossible especially our fiat currency, so na very dangerous move to our finance to keep our money in naira because right now the naira fit do dy gain strength against the dollar due to the reason say dollar dy fall wetin no good this days as you don already talk, but when the time of naira fall go comes, make we no dy surprise say naira own fit worse pass dollar times five or even times ten.

No be so me dey think am again oo, Naira dey gain like mad and dis no dey dey funny again. E be like play when e reach ₦1,600, before we know am e don reach ₦1,550, ₦1,500 and now e don dey descend ₦1,360. This no dey funny again. I happy say I convert some of my moni go Naira last year, e for bad gan. As we dey wait to invest again for BTC, e go pay if na Naira most of our moni dey oo, that Dangote refinery wey dey pump at full capacity go help Naira.

[Hypnotizer]

No be so me dey think am again oo, Naira dey gain like mad and dis no dey dey funny again. E be like play when e reach ₦1,600, before we know am e don reach ₦1,550, ₦1,500 and now e don dey descend ₦1,360. This no dey funny again. I happy say I convert some of my moni go Naira last year, e for bad gan. As we dey wait to invest again for BTC, e go pay if na Naira most of our moni dey oo, that Dangote refinery wey dey pump at full capacity go help Naira.

Yes, this February we see the naira appreciating much to the dollar..I think the the highest appreciation since 2024 and e dey be like say Wetin Dangote talk don dey happen, I remember he says the Naira go appreciate very well this year..him even say e fit reach 1k naira per dollar.

The rate dey favor dem pple wey dey earn in naira and want to invest in bitcoin oo, bcoz before wey d rate dey around 1600, $100 dollar nah like 160k but naw nah just around 135k. So 160k wey pesin dey use buy hundred dollar before fit buy like $118 dollar right now.

But my problem be say people wey dey earn in dollar, as the price don go down naw the price of other commodities wey the traders dey increase talk say dollar don rise you go see say e no go fall oo…nah wen the dollar dey rise dem dey know but when we fall nothing go change for market..

[Cryptomultiplier]

So as long as we dy think long term, I would advice that we continue keeping our money in Bitcoin or any asset wey dy appreciate in value overtime, not our fiat that inflation and under valuation can do damage to it easily

Na only long term thinking fit make us rich and the way of the elite be that, the way of the great men who become multi millionaire today all stated that in the books they wrote, that in times of this bear period, it's a test to know who really is ready for growth or who is a weaker investor or a strong investor.

In psychology of money, it says, been able to stay hungry and never sell off his asset during this period becomes rich, those who sell off ends up with nothing and become poor.

All these currencies that are down are somehiw affected by the U.S and Iran tensions and the kind of policies Trump has been enacting since his inception into power. I just want to believe that Bitcoin would steady itself to rise again because institutional adoption is gaining weight and has almost equalled the margin for individual investors who are into long-term investment.

I still see DCA strategy as the go to strategy this period mostly as this is still the first quarter of the year and as such there not be any kind of FUD that should make any investor panic sell, instead this should spur investors to keep holding and waiting for a proposed time to sell. The best time is often close to a decade and the profit for being a faithful DCA investor is millions in cash and wealth that even the dip can't affect.

[Nathrixxx]

I don't know if many of us still notice what happens yesterday to this time with naira falling and dollar appreciating over it, I'm so surprised to see that the exchange rate of $1 to naira Rose up to #1,4 23 today, this shows that there is a high probability that we may still experience more decline on the naira rate and dollar appreciating over it just the same way we had the sudden fall as dollar was falling and naira was rising previously.

However, I do say this that naira can never still have much upper edge against dollar in the long run, the government may try to manipulate and put in more effort to see that the increase the exchange rate to ensure naira appreciates. Still, all these are just a temporary means to make people feel comfortable as if it is a permanent one, look how naira falls today and USD speedingly go above #1,420 per exchange rate.

[Btcdeybodi]

No be so me dey think am again oo, Naira dey gain like mad and dis no dey dey funny again. E be like play when e reach ₦1,600, before we know am e don reach ₦1,550, ₦1,500 and now e don dey descend ₦1,360. This no dey funny again. I happy say I convert some of my moni go Naira last year, e for bad gan. As we dey wait to invest again for BTC, e go pay if na Naira most of our moni dey oo, that Dangote refinery wey dey pump at full capacity go help Naira.

Yes, this February we see the naira appreciating much to the dollar..I think the the highest appreciation since 2024 and e dey be like say Wetin Dangote talk don dey happen, I remember he says the Naira go appreciate very well this year..him even say e fit reach 1k naira per dollar.

The rate dey favor dem pple wey dey earn in naira and want to invest in bitcoin oo, bcoz before wey d rate dey around 1600, $100 dollar nah like 160k but naw nah just around 135k. So 160k wey pesin dey use buy hundred dollar before fit buy like $118 dollar right now.

E be like you no check the exchange rate this morning because naira don dey fall again. For this country, no trust anything wey anybody dey talk concerning the naira because no be today e start. Though the price of naira really appreciated against the dollar for a long time before e come start to dey fall currently.

But my problem be say people wey dey earn in dollar, as the price don go down naw the price of other commodities wey the traders dey increase talk say dollar don rise you go see say e no go fall oo…nah wen the dollar dey rise dem dey know but when we fall nothing go change for market..

No be small thing o, e no bad if the naira dey appreciate against the dollar but make the price of things come down so that e go enable people wey dey earn for dollar to benefit too. Anyways, now wey the price of naira don dey fall again people wey dey earn in dollar na go enjoy am too so e no still bad.

[Josefjix]

I don't know if many of us still notice what happens yesterday to this time with naira falling and dollar appreciating over it, I'm so surprised to see that the exchange rate of $1 to naira Rose up to #1,4 23 today, this shows that there is a high probability that we may still experience more decline on the naira rate and dollar appreciating over it just the same way we had the sudden fall as dollar was falling and naira was rising previously.

This is nothing new and this is not the first time we are experiencing this sudden decline in Naira to dollar rate, it's just the phase of the market which sometimes will end and reverse back to another phase sometimes in the future as that's how the movement had been from time to time depending on the economic condition and situation of a nation.

[Cryptoprincess101]

I don't know if many of us still notice what happens yesterday to this time with naira falling and dollar appreciating over it, I'm so surprised to see that the exchange rate of $1 to naira Rose up to #1,4 23 today, this shows that there is a high probability that we may still experience more decline on the naira rate and dollar appreciating over it just the same way we had the sudden fall as dollar was falling and naira was rising previously.

This is nothing new and this is not the first time we are experiencing this sudden decline in Naira to dollar rate, it's just the phase of the market which sometimes will end and reverse back to another phase sometimes in the future as that's how the movement had been from time to time depending on the economic condition and situation of a nation.

You really understand how these things work; it is crystal clear that our government are the ones manipulating the naira and not exchanges and bureau de change operators as they made it look in the past. Naira have been strengthening against the USD but just as of yesterday we started experiencing a depreciation in the Nigerian Naira. With the speed at which the Naira is depreciating, i wouldn't be surprised if it gets to 1700 per 1 USD. Our government can stabilize the Naira against the dollar but due to some selfish interest of top government officials they won't let that happen.