A poor investor is accumulating Bitcoin to build a house !

[Pikiboy]

It is very possible that you can make it achievable,most people involved in an investment without having a goal of what to spend their invested money on, and when the investment has accumulated they spend it on irrelevant things, like buying of material things without setting a goal towards their investment,therefore having such a good plan, you will have it achieved only if you can patiently wait for a long time to get more accumulations and please don't give up on yourself.

[Halifat]

It is very possible that you can make it achievable,most people involved in an investment without having a goal of what to spend their invested money on, and when the investment has accumulated they spend it on irrelevant things, like buying of material things without setting a goal towards their investment,therefore having such a good plan, you will have it achieved only if you can patiently wait for a long time to get more accumulations and please don't give up on yourself.

This is a very nice development but some people will misunderstood it, I like this kind of courage because it serves as a motivation for me and as well other who have interest to own a bitcoin. So many people believe that you have to be in possession of huge amounts of money before you can have access to bitcoin, at least the op have make a very boldly move that will make others wake up from their long sleep.

Everything is all about planning and when it's planned well the result will be excellent, the op is not the first person that make this kind of move, just that his own is related to bitcoin but other poor people are also planning like this but in different way.

[Princess Leah]

Honestly, I really respect this… it’s a bold move and not something many people will be able to do..

If you stay consistent with it and keep that same determination, you can actually make it work….  It will not always feel easy, there will be times you will doubt it or even feel like stopping, but that is normal.  The key thing is not losing focus on why you started in the first place..

Just keep going, improve yourself along the way too… you are on a solid path fr..

Anyone who understands the possibility of generating wealth through Bitcoin can do it so far the person set his or her mind on long term holding, building a house currently is costly so it can only be achieved through holding Bitcoin longer and buying consistently to add to it since he's not very ruch as the topic implies.

 Achieving something like that would take lots of determination especially towards holding longer, it's not going to be easy due to several obstacles but lots of people have held for long benefited from doing it so it he makes up his mind to achieve his goal he'll, so far he doesn't consider selling cheaply at some point.

[Cityhunter34]

If someone I know can accumulate Bitcoin to a point where he sells his profit to purchase a car, then it is not impossible to purchase a house through your bitcoin investment. There are several reasons why people invest. If this is yours, I wish you success.

Buying a car and building a house are different item all along. How expensive was the car compared to OP plan of building a house from his investment. Cannot say otherwise but in ten years from today, the cost of land and building items must have multiplied that even if the profits might not be better off.

I'm not condemning OP plans, better than saving in fiat but logically if the money is supposed to go into building, there are better ways to prepare and build the house without taking 10 years to complete the plan.

If not for the country we find ourselves everything would have been possible because there's no much difference between buying a car and building a house. But just like as you mentioned I think I will agree with you because 10 years is absolutely far from now which we don't need anyone to tell us what we happen in that time, but even as that I think it's essential to always plan for tomorrow no matter any condition you find yourself always make sure that you don't follow the way the economy because nothing is permanent, change can come anytime. So I absolutely love the op decision because I'm pretty sure that he will definitely achieve his dream house in this 10 years investment.

[Big Dirams]

It is very possible that you can make it achievable,most people involved in an investment without having a goal of what to spend their invested money on, and when the investment has accumulated they spend it on irrelevant things, like buying of material things without setting a goal towards their investment,therefore having such a good plan, you will have it achieved only if you can patiently wait for a long time to get more accumulations and please don't give up on yourself.

Setting goals for our investment and having strong plans for future with our investment helps to shape our future into a better position. Having plans before funds arrives helps to manage our funds because we will definitely need to settle our plans before even thinking of wasting funds on unnecessary expenses, plans helps to structure our finances and it helps to reduce unnecessary expenses that might leads to either regrets or risk.
  Investing in bitcoin and having huge expectations isn’t a smart idea to be honest because bitcoin investment  profits isn’t certain both for short term investors and long term holdings so let not approach bitcoin investment in such manner, profits shouldn’t be what we prioritize.

[PremiumcryptoHub]

Buying Bitcoin every week without depositing fiat is a good move for you because if you deposit Bitcoin for 10 years to build a house in our country, it might be a very large amount. However, during this time, you have to be interested in holding Bitcoin in any price trend and buy Bitcoin regardless of the price, then maybe success will be achieved and it will be possible to build a house. In fact, we see that many people succeed through small efforts, so if some people start investing a small amount of money in Bitcoin, it will be big because we saw a news story where a Brazilian person is collecting cans and selling them and buying Bitcoin with that money. Surely he also has such a goal.

[Zanab247]

Op you're obviously trying to solve your housing problem by investing in Bitcoin and if you ask me, I'll say it's a t's a good move. Bitcoin was made to provide solution to issues like this by giving everyone a fair shot at saving for the future. Buying every week regardless of the price trend (DCA) is a winning strategy in the long run. It takes a lot of mental strength to keep going when the market is down but that’s where the real gains are made. I'm rooting for you to get that house man.

If that is the OP achievement, I guess it will come to reality but it will be hard for him to achieve that kind of amount of profit that will reach him to buy house in the city. But if you are using plenty of money you can afford to lose to buy BTC, it will be easy for you to achieve in that 10 years, because the price of BTC will not going to remain in this price and you will have a good opportunity to make good profit from BTC.


Since you know that the price of BTC can dump and pump, I guess you will be experience such season when you start accumulating BTC but there is a hope that your efforts will be bring good result that will make you smile. Some of the successful investors you see in this industry they applied this strategy DCA to accumulate what made them who they are today in this ndustry.

[fredericktaylor]

It is very possible that you can make it achievable,most people involved in an investment without having a goal of what to spend their invested money on, and when the investment has accumulated they spend it on irrelevant things, like buying of material things without setting a goal towards their investment,therefore having such a good plan, you will have it achieved only if you can patiently wait for a long time to get more accumulations and please don't give up on yourself.

If you want to achieve success through investment, you need to gain proper knowledge about Bitcoin, as well as have a discretionary finance way, when you consistently purchase Bitcoin with a long-term plan and confidently hold Bitcoin during market volatility, you can expect long-term profits from Bitcoin in the future. Achieving success is difficult, but if we can manage long-term investments using the right means and patiently wait for good times, we can reach our goal.

[Ndabagi01]

Don't think it is ridiculous. If a poor person makes the mental preparation to build a house through hard work and remains steadfast in his goal, his expectations will definitely be fulfilled. Increase your skills and try to change your destiny through hard work. Whether you are middle class or lower class, your expectations will be fulfilled.

Do you think I can do it?

There is no hard work without success, so keep up to what you want to achieve and make it a very vital fundamental in order to achieve your goals. Buying bitcoin requires a lot of patience and if you’re one that’s not exercising patience, you’ll end up messing up your investment plans and will be pushed to exit your investment early and won’t see the results of the effort you’re putting into your investment. Whether rich or poor, as long as you want to elevate yourself the more, you’ll need to first spend some money no matter how little it is. You’ve taken a bold step and I hope you see to the end of it successfully.

[yixichloro2xx]

That is a very good approach mate, and I hope you can achieve your dream. I love your consistency alot. But this buying of Bitcoin depends on how much you are putting into Bitcoin. If it's small amounts, it won't be enough to buy a house in the next 10 years. Since you said you are living in a city, that tells us that house there will be at a range of 80M to hundreds of million Naira and in the next 10 years price of houses in the city increases by 10x. Bitcoin can grow over time, but it also moves up and down a lot, so the outcome is not certain. My advice for you is to get another side hustle that will be generating more income for saving and investing and acts as a support, so that you don't depend on Bitcoin alone.

[Pi-network314159]

I am a poor investor who is regularly accumulating Bitcoin to build a house. I live in a rented house. I am living in the city in search of work and have hopes of buying a house. Buying a house in the city requires a lot of money. I am buying Bitcoin every week without depositing fiat to buy a house and I have set the period of this accumulate as 10 years. During this period, I have prepared to hold Bitcoin in any price trend. Because accumulating Bitcoin is better than accumulate fiat.

its a matter of choice though, i just wonder the amount of bitcoin you are going to buy and how long you are going to invest to build a house, i will just advice that any amount you have, you can begin to build house gradually while buying bitcoin at the same time. why i said this is that bitcoin is no longer profitable like it used to in the early days, for example if you invest $500 for 10 years you may not make up to 5x profit of that investment like you will have made in the early days.

[Dr.Bitcoin_Strange]

Consistently investing your money weekly on Bitcoin for 10 years could help you raise the required amount you need to buy your house but that would also depends on the amount that you are investing on the weekly basis. I don't think $20 weekly can get you there but if the money you are putting in is higher that what I mentioned, then you could achieve your desire. Also, in ten years from now, the price of the house you want to buy or build must have increased from the amount you are budgeting now, but if you are determined, you can do it even if it takes longer than you thought of.

[Samlucky O]

Accumulating Bitcoin to build house in 10 years from now could be a very difficult tasks, knowing true well that inflation will Spike up and building materials will increase. You might just invest in Bitcoin just to save your fund from inflation, but your fund doesn't add anything. I will just advice you to buy land and start building little by little, before 10 years you may have completed your building. Just as pi network have said. I just completed my building that I wanted to invest in Bitcoin before achieving it, but I was just adding fund gradually till I completed it in just 4 years. But if I where to invest in Bitcoin and waiting to reach 10 years, I wouldn't know what will happen in the nearest future. I may have a change of plan or emergency may happen that will consume the money, but if you build your house today, there could be unforseen circumstances that may happen that you will not sell your house to solve such problem, but with Bitcoin, you may sell it to solve that problem, and thereby destroying your plan of building a house.

[Fivestar4everMVP]

I am a poor investor who is regularly accumulating Bitcoin to build a house. I live in a rented house. I am living in the city in search of work and have hopes of buying a house. Buying a house in the city requires a lot of money. I am buying Bitcoin every week without depositing fiat to buy a house and I have set the period of this accumulate as 10 years. During this period, I have prepared to hold Bitcoin in any price trend. Because accumulating Bitcoin is better than accumulate fiat.

Don't think it is ridiculous. If a poor person makes the mental preparation to build a house through hard work and remains steadfast in his goal, his expectations will definitely be fulfilled. Increase your skills and try to change your destiny through hard work. Whether you are middle class or lower class, your expectations will be fulfilled.

Do you think I can do it?

You definitely can achieve this so long as you've set this as a goal you want to achieve after accumulating bitcoin for 10 years. But I have to also say that success or failure will be largely dependent on some important factors..

1. The amount of money you are investing in bitcoin every week, I think you can't be investing $1 every week and expect much in 10 years, the price of Bitcoin definitely will increase but you and I can't tell what it's price will be in 10 years time, so keep this in mind.
2. The price at which 1 bitcoin will be worth in 10 years time as well, this is like I said in factor 1, keep that in mind.
3. Cost of building materials in 10 years time and whether what you have saved in all this years will be able to afford you a house, we live in a country where inflation is eating deep into out economy each year that passes, building materials is also very expensive right now, now imagine what it will be like in 10 years time if inflation continue at this rate every year for another 10 years..

[Fiatless]

Consistently investing your money weekly on Bitcoin for 10 years could help you raise the required amount you need to buy your house but that would also depends on the amount that you are investing on the weekly basis. I don't think $20 weekly can get you there but if the money you are putting in is higher that what I mentioned, then you could achieve your desire. Also, in ten years from now, the price of the house you want to buy or build must have increased from the amount you are budgeting now, but if you are determined, you can do it even if it takes longer than you thought of.

It is better to try and fail than to never try. If he consistenly set aside small amounts to buy Bitcoin, he might achieve his goals in ten years.

However, it will depend on the amount he is putting in, how high the bitcoin price goes and the price of the house. It is possible to get a house with a Bitcoin investment because the price appreciates.

[Bigjoe33]

Consistently investing your money weekly on Bitcoin for 10 years could help you raise the required amount you need to buy your house but that would also depends on the amount that you are investing on the weekly basis. I don't think $20 weekly can get you there but if the money you are putting in is higher that what I mentioned, then you could achieve your desire. Also, in ten years from now, the price of the house you want to buy or build must have increased from the amount you are budgeting now, but if you are determined, you can do it even if it takes longer than you thought of.

It is better to try and fail than to never try. If he consistenly set aside small amounts to buy Bitcoin, he might achieve his goals in ten years.

However, it will depend on the amount he is putting in, how high the bitcoin price goes and the price of the house. It is possible to get a house with a Bitcoin investment because the price appreciates.

And that's just it... It's workability depends on the factors you mentioned above. How much he puts in, and the amount of level of Bitcoin appreciation of depreciate.

If he puts much amount or buys aggressive, then, he might get enough out at the expiration of 10 years and vise versa. And on the other side too, the price of Bitcoin also has a great impact, if it increases, then his little chunk buys will accumulate something's great and yield enough profit, and if it declines, then he might not get enough, maybe as he just wanted for his project.

All the same, it's a very nice one and good decision. Bitcoin investment is a good one and if we can remain consistent, hopefully, we will smile at the end. Good course bro

[BitBakerr1]

Consistently investing your money weekly on Bitcoin for 10 years could help you raise the required amount you need to buy your house but that would also depends on the amount that you are investing on the weekly basis. I don't think $20 weekly can get you there but if the money you are putting in is higher that what I mentioned, then you could achieve your desire. Also, in ten years from now, the price of the house you want to buy or build must have increased from the amount you are budgeting now, but if you are determined, you can do it even if it takes longer than you thought of.

It is better to try and fail than to never try. If he consistenly set aside small amounts to buy Bitcoin, he might achieve his goals in ten years.

However, it will depend on the amount he is putting in, how high the bitcoin price goes and the price of the house. It is possible to get a house with a Bitcoin investment because the price appreciates.

Two things are involved in this which are winning or losing and the reason why I’m saying so is because bitcoin is highly volatile in nature and if he’s planning to hold bitcoin for 10 years, don’t be surprised when it reaches that 10 years bitcoin can drop in price and thereby making him to lose his target, but bitcoin can grow and give him a very good profit even more than he’s expecting within the 10 years so it is a game of risk because you can either win or you lose but whichever way taking the risk is very good because the risk level is low, especially since is a long time investment.

Before he decided to use bitcoin investment to purchase a house, I think he must have calculated the amount of the house, and he has also calculated how he can invest in bitcoin and raise that amount of money so I believe he has all this planed out already and I believe he will invest consistently because without consistent investment, he cannot achieve that.

[Lembo69]

Two things are involved in this which are winning or losing and the reason why I’m saying so is because bitcoin is highly volatile in nature and if he’s planning to hold bitcoin for 10 years, don’t be surprised when it reaches that 10 years bitcoin can drop in price and thereby making him to lose his target, but bitcoin can grow and give him a very good profit even more than he’s expecting within the 10 years so it is a game of risk because you can either win or you lose but whichever way taking the risk is very good because the risk level is low, especially since is a long time investment.

Before he decided to use bitcoin investment to purchase a house, I think he must have calculated the amount of the house, and he has also calculated how he can invest in bitcoin and raise that amount of money so I believe he has all this planed out already and I believe he will invest consistently because without consistent investment, he cannot achieve that.

If he keeps buying Bitcoin regularly every week to build a house, and according to his plan, he can build a beautiful house, I find his plan attractive, because many people deposit fiat in the bank or with himself, if they keep it in the bank, they do not get much profit from it, but if they can really invest in Bitcoin for 10 years continuously, then he will be able to build a house according to his plan. Because Bitcoin will complete 2 cycles in 10 years. That is, his chances of making a profit are high.

A holder who has kept his Bitcoin for 4-10 years, even if it is decreasing, does not seem to have gone as planned. Because the chances of making a profit here are high. Even if the house is not built from the profit he will get from Bitcoin, he will still be able to increase his portfolio.

[Zigabel]

10 years I must say is quite a long time OP, but whatever it is that you have put your mind to, you can always achieve it, it takes that determination and you will be there in almost no time. Bitcoin Accumulation over ten years will mean two cycles and half, by the time you will be looking to withdraw to carry out the project, it will be mid cycle which is usually close to halving before the Bull market, I think it will be better you rebalance by the end of the second cycle which is the Bull season and Early into the third cycle which will be the last half of the time period you intend to get the profits of your investment, so you will not be caught up with the Bear that will preceed the Bear season.  I hope you understand my analysis.

[Out of mind]

If you start from scratch, it will be very difficult for you to invest in Bitcoin, basically you have to get a job at the beginning, and then meet all your needs and then save some money from there and later buy Bitcoin. It takes a long time for a poor person to accumulate enough money in Bitcoin, so if you plan to invest for a long time, you will have to buy gradually. When you plan to hold Bitcoin for 10 years, you must use a good wallet to keep it safe so that you can keep your money safe in the future. And since you plan to build a house, of course you can fulfill your dream with the profitable money you will get from investing in Bitcoin and keeping it for a long time. But you always have to invest patiently and responsibly, not with emotion, buy with your own experience and hold it for a long time.