Engage in hodling Bitcoin more in economic crisis

[Sobz]

People think of investing in a time when there is a steady, good increase in income because in a time like this, it is easy to invest and also to make expenses on demands. Investing is not supposed to be when one has only a good amount of income. Investing should be done in difficult times too. Many people use inflation as an excuse to explain why they are not investing, but economic challenges like inflation should be a valid reason why people need to take Bitcoin hodling seriousy. In inflation, you can't depend on fiat because it can't provide the kind of value one needs, but investing in Bitcoin has the potential to bring good value in the future. The reason why during inflation is not a time to relax from investing is that when one invests, you are making a good plan for the future; but if you wait to get a good income, there is a possibility that you will not invest.

[Karl_3000]

Economic crises is not just the only reason people should invest in bitcoin. Bitcoin is an inflation resistant asset and it has been proving to be a store of value. You are correct by saying it is also a hedge against inflation but there is more to holding it. I wonder why people are not making use of their naira but leave it in bank without using it to invest on an asset like bitcoin.

[Tetu100]

The reason why during inflation is not a time to relax from investing is that when one invests, you are making a good plan for the future; but if you wait to get a good income, there is a possibility that you will not invest.

All you said is quite understandable bro. The point is that not having a good or huge source of income shouldn't be the reason or what will completely stop us from investing in bitcoin, because we can actually  initiate an investment plan with the little we're earning no doubt  if only we can be able to figure out our discretionary funds from it everything will be nice. Moreover bitcoin investment has made it very open for even the average Nigerians or persons to invest using the dca method which is the most conducive strategy to go with.

Furthermore, as much as I know the only reason that can stop someone from investing in bitcoin is lack of interest and nothing more. Otherwise I hate hearing things like low income rate , zero knowledge about Bitcoin investment and so on.

[Money bag]

Do you still have discretionary income? If yes then it doesn't matter what the current economic state of the country is, you already have the means all you simply have to do is buy with that means and that's what matters at the end of the day.
Depending your investment on whether the economy is favourable isn't going to get a person anywhere especially with the level of economic crisis we are currently experiencing in this country these days, do we as individual have any control on how the economy will move? Not very likely but do we have any control on whether we should invest? Absolutely, as long as we have the discretionary income to buy with.

[beseta3970]

Spot on. Waiting for the "perfect time" or a "higher income" to invest is a trap—that day rarely comes because expenses just rise to meet your income. Inflation is exactly why saving fiat is a losing battle; it’s literally designed to lose purchasing power. Choosing to hodl Bitcoin during tough economic times isn't just a strategy; it's a necessity for protecting your future self.  TxTag org

[New Judgement]

Economic crises is not just the only reason people should invest in bitcoin. Bitcoin is an inflation resistant asset and it has been proving to be a store of value. You are correct by saying it is also a hedge against inflation but there is more to holding it. I wonder why people are not making use of their naira but leave it in bank without using it to invest on an asset like bitcoin.

Maybe they are just leaving a portion of their Naira in the bank, after they might have invested the ones they want to invest in bitcoin. Remember your bitcoin investment should be for the long time, and while you are holding your investment, you will also need fiat to be spending to care of things that you will need since most of the local’s business don’t accept bitcoin yet. No matter how much you are investing in bitcoin, you will definitely have some fiat left with you either at home or bank. Perhaps that’s the reason why some people are having their Naira in the banks.

[Doan9269]

https://x.com/i/status/2059350225643352298

This is what it means to hold if you look at the diagram above with a clearer picture of the illustration given, when you are holding Bitcoin, then expect challenges to come along your way because the market will definitely fall being the volatile currency and also rises at the same time, during this period sun will continue holding while they may try to sort out for alternative to meet up with urgent demand for their needs, they don't have to sell their Bitcoin, some opt in for loan services from financial asset Management platforms, while some will still be able to afford to keep on holding without selling because they don't have much in demand to meet up with, but to hold bitcoin is really a substituation because you could find yourself in some critical conditions along the line, while the end still worth it.

[Sonia_123]

People think of investing in a time when there is a steady, good increase in income because in a time like this, it is easy to invest and also to make expenses on demands. Investing is not supposed to be when one has only a good amount of income. Investing should be done in difficult times too. Many people use inflation as an excuse to explain why they are not investing, but economic challenges like inflation should be a valid reason why people need to take Bitcoin hodling seriousy. In inflation, you can't depend on fiat because it can't provide the kind of value one needs, but investing in Bitcoin has the potential to bring good value in the future. The reason why during inflation is not a time to relax from investing is that when one invests, you are making a good plan for the future; but if you wait to get a good income, there is a possibility that you will not invest.

When times hard because of inflation, no be sey people nor dey invest, but e dey only reduce the quantity of investment due to the hardship and cost of living wey dey increase everytime, remember sey na person wey get money dey invest, if him nor get e nor fit invest na him make the wey and manner wey we fit take invest for bitcoin dey good because inflation nor dey affect they pattern because even the least $10.swf you fit take am invest for bitcoin, inflation and hardship dey every where but na how you go take manage yourself well well na him matter so that you go still continue to dey invest too.

[Dzwaafu11]

Economic crises is not just the only reason people should invest in bitcoin. Bitcoin is an inflation resistant asset and it has been proving to be a store of value. You are correct by saying it is also a hedge against inflation but there is more to holding it. I wonder why people are not making use of their naira but leave it in bank without using it to invest on an asset like bitcoin.

You know it’s not just about leaving their money, can they invest in bitcoin ghat is the first question, knowing the risk is the first thing. You know seeing money in someone account and refuse to buy bitcoin is not a problem because you can’t force him to venture into bitcoin investment, don’t force him to invest if the money will be there for more than a year it should be there don’t force you self into invest into bitcoin.

[xiamin]

People think of investing in a time when there is a steady, good increase in income because in a time like this, it is easy to invest and also to make expenses on demands. Investing is not supposed to be when one has only a good amount of income. Investing should be done in difficult times too. Many people use inflation as an excuse to explain why they are not investing, but economic challenges like inflation should be a valid reason why people need to take Bitcoin hodling seriousy. In inflation, you can't depend on fiat because it can't provide the kind of value one needs, but investing in Bitcoin has the potential to bring good value in the future. The reason why during inflation is not a time to relax from investing is that when one invests, you are making a good plan for the future; but if you wait to get a good income, there is a possibility that you will not invest.

This is not the same for all investors. Some low-income investors are more serious about investing in Bitcoin because they feel they need to regain financial stability through alternative way. They buy Bitcoin with discretionary income when they have a small source of income. Folk with relatively high incomes are not very interested in investing in Bitcoin because they are less in a hurry to reach a financially sound position through alternative means, although if they knew about Bitcoin, they would have deposited Bitcoin rather than deposited funds. When you know that inflation is harming fiat and reducing its value, it is important to focus on saving decentralized and promising digital currencies like Bitcoin.