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.

[Rubuchi]

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.

bitcoin at a time like this should be everybody’s last resort. This is due to its decentralized nature and why alot of young people should try working hard on learning ways to invest in bitcoin especially those who are working and are making some bucks for themselves currently. It is best if they can smartly move towards the direction of learning more about how bitcoin works and taking advantage of it. Though I have said I won’t force anybody else into bitcoin but to advise them, if they are able to go into it, they should begin from now.

[Jubilee58]

When the economy of a country is very unstable, the solution is to invest in digital asset like bitcoin, bitcoin is a store of value, and it makes your money to have meaning, and become very useful.
When is their is economic crisis, it gives room to inflation , and they majority of the people suffer.
But in a country like Nigeria where inflation has eaten into the country, keeping your money in bitcoin plays a major role , and is far necessary instead of depending solely on the the government, but with bitcoin, your money gains value, and patience is what grant's you longtime value.

[Lenubari]

When the economy of a country is very unstable, the solution is to invest in digital asset like bitcoin, bitcoin is a store of value, and it makes your money to have meaning, and become very useful.
When is their is economic crisis, it gives room to inflation , and they majority of the people suffer.
But in a country like Nigeria where inflation has eaten into the country, keeping your money in bitcoin plays a major role , and is far necessary instead of depending solely on the the government, but with bitcoin, your money gains value, and patience is what grant's you longtime value.

The country is suffering from economic crisis and the best thing the government can do is simply adopting a pattern that will resolved the recession going on in the country. In a country facing economic instability and rising inflation, many people look for ways to protect the value of their money. Bitcoin has become an option for some because it is seen as a digital store of value that is not controlled by any government. In Nigeria today, inflation has reduced the purchasing power of many citizens, making it difficult for people to preserve their savings. Holding Bitcoin can help some individuals hedge against currency depreciation and give them access to a global financial system.

However, investing in Bitcoin also requires patience, understanding, and proper risk management because the market is highly volatile. Long-term holders who understand the technology and its potential are often more confident during market fluctuations. At the end of the day, financial freedom comes from knowledge, diversification, and making informed decisions rather than depending entirely on the government or a single source of income.

[EL MOHA]

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.

I think he might mean idle money left in the bank and seriously it’s actually still needed, if the money left in the bank is for investment too or someone is saving for a long term then they should study and look into bitcoin but this is definitely not me saying everything should be on bitcoin, they can have alternatives for diversification and also invest such money there and then they should leave others in fiat for day to day use because until now our country doesn’t have many stores accepting bitcoin as payment.

Also having this extra money will also be needed to actually been able to hodl for long, bitcoin is very volatile that it can be both bullish or bearish and one doesn’t knows the extent of each of the bullishness or bearishness so this extra liquidity will be used for other miscellaneous while holding bitcoin

[letteredhub]

bitcoin at a time like this should be everybody’s last resort. This is due to its decentralized nature and why alot of young people should try working hard on learning ways to invest in bitcoin especially those who are working and are making some bucks for themselves currently. It is best if they can smartly move towards the direction of learning more about how bitcoin works and taking advantage of it. Though I have said I won’t force anybody else into bitcoin but to advise them, if they are able to go into it, they should begin from now.

In today's economic conditions it should be that bitcoin is among our first investment options and not a last resort after all other options would have failed and significant funds lost to bad investment. Bitcoin is an asset which in my opinion is conducive for the young generation who still are agile in age with energy to work hard and accumulate as much bitcoin as they can within a long term frame so they can retire early, at most in their late 40s with a comfortable level of financial freedom.

[Sammye3]

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.

It is reasonable that a higher income would make for a better bitcoin investment plan, but during economic crises do you really think buying assets would be most priority in the minds of people. It is quite understandable when you say bitcoin saves against inflation but do you reason that most people might not even have enough money in their banks during this crises but focus on trying to survive first.

It is not wise to invest in bitcoin out of distress but rather with a discretionary income, as that would not bring any kind of pressure during slight price movement. So engaging in bitcoin investment during crises might be a good move but should be done with every consciousness and understanding.

[BluebloodCXVI]

In today's economic conditions it should be that bitcoin is among our first investment options and not a last resort after all other options would have failed and significant funds lost to bad investment. Bitcoin is an asset which in my opinion is conducive for the young generation who still are agile in age with energy to work hard and accumulate as much bitcoin as they can within a long term frame so they can retire early, at most in their late 40s with a comfortable level of financial freedom.

You seem to be proclaiming that bitcoin as some kind of guaranteed path to financial freedom. And perhaps you’re being too optimistic by expecting young people to work hard and accumulate plenty bitcoin only for them to then retire in their 40’s. So tell me what would they be doing then after they retire huh?, perhaps they might even start to depend on their stash to survive and this can lead to reducing their stash and jeopardizing all their efforts to stack it up in the first place.
Certainly bitcoin has shown great performances in the past but that is not a guarantee that it will continue to perform well all the time or at the time a person chose to retire from their job.

[Rgram]

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,

The second instance is definitely the market chart for Bitcoin market, series of pumps and dumps in price without any informed signal but, it shouldn’t matter to a holder, in the end, you are only holding for a period and until you are in profit, there is no point withdrawing.
For a trader, it does matter as this is where you make your money, having to speculate correctly the market movements and befit off it.

In the first instance, that’s certainly what a manipulated market looks like. Any day you find the market on a steep and continuous uptrend such as in the first instance, you certainly shouldn’t be in that market because, withdrawal might be withheld from you, possibly manipulated.

[Pi-network314159]

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.

Investing in Bitcoin is generally a self purpose, not because of some reason. If you say we should not only invest when we have steady income but during inflation to utilize the opportunity, and what if there are no money to invest during inflation? As a matter of fact, there is always room for economic inflation which implies that as time goes on economic inflation keep rising, so you can't be sure of when the inflation is good enough to buy. All you need do is to buy whenever you have the fund because inflation keep rising, and the amount you buy when you have funds will determine the value you get when Bitcoin rises or when there is inflation. So the impression I wan to correct is that inflation is on the rise and you don't have to wait till we have hyperinflation before you buy, buy now and when that time of inflation comes, it will make you recover the amount that would have been lost during hyperinflation.

[NewRevelation]

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.

Once there is a Discretionary income after handling basic needs, why not? Investments should be done always no matter the season or period so long as you have what to invest, and because we have the DCA approach to investment too, that's makes it more cool to invest even when we have the smallest discretionary because, building your Bitcoin portfolio even when you not much income shows you are committed to your investment, and when it begins to reward it's investors by increase in value, you too will be part of those that will be smiling.