Japa vs Bitcoin DCA

[Comeacross]

I have been thinking about this thing since many of our youths dey plan to japa.

It's not bad idea if you dey plan to japa from Nigeria to abroad to have a better life but it's not always easy. You need visa, ticket and you fit suffer abroad for many years before things go set for you.

Is japa the only option by all means? No, another option dey and that's BTC DCA.

To japa from Nigeria now, you'll spend nothing less than a million depending on your plug and if your visa is rejected, your money don go as there's no refund in most cases. But with Bitcoin DCA you can start today with 5k or 10k depending on what you can afford to lose at your level. Assuming you are 25 years old now and you DCA 10k into BTC every month till you're 35 years (10 years) you've built something global without visa or immigration wahala. Your body dey Nigeria but your money don japa. I see it as soft japa.

With 100k as salary in Nigeria, e go take you several months to save for your japa plan. But with 10k/month in BTC for 10 years you can buy yourself options. If Nigeria get better in 10 years, you stay and enjoy as a bitcoiner with assets. God forbid, if it gets worse, at least you have money that already japa.

I'm not saying you should not japa. Japa is valid because all of deserve a good life but my point is instead of waiting forever planning to japa, you should have plan B. If japa option later come, you'll japa with asset and not empty handed. If japa no com later happen, you still build something even as you remain in Nigeria.

Let be honest with ourselves. No be everyone go fit japa but everyone can buy bitcoin as small as possible.

[Sticky Bomb]

Bro to bro, make I reason you de koko, if you get opportunity to relocate from dis country go find greener pastures outside, baba no waste time. Plenty opportunities dey outside de country, na true say dem fit scam you, but if you get de legit link especially from your niggas wey dey outside, e dey better than to dey naija dey sufferhead dey DCA with peanuts. If you travel comot, na den you go even see better money from hustle there take DCA better amount into bitcoin. Baba if you get opportunity to take enjoy beta life outside, no relent to take am. If you get niggas wey dey outside and get beta thing dem dey do and you follow dem talk, you go see say we just dey labour in vain for dis country, opportunities wey go pay you X10 or more of wetin you dey earn with 15hours of labour for dis naija for only 8 hours of work dey for New Zealand, Kuwait, Quatar and all these countries wey dem citizens too like enjoyment.

[Exitoral]

Bro to bro, make I reason you de koko, if you get opportunity to relocate from dis country go find greener pastures outside, baba no waste time. Plenty opportunities dey outside de country, na true say dem fit scam you, but if you get de legit link especially from your niggas wey dey outside, e dey better than to dey naija dey sufferhead dey DCA with peanuts. If you travel comot, na den you go even see better money from hustle there take DCA better amount into bitcoin. Baba if you get opportunity to take enjoy beta life outside, no relent to take am. If you get niggas wey dey outside and get beta thing dem dey do and you follow dem talk, you go see say we just dey labour in vain for dis country, opportunities wey go pay you X10 or more of wetin you dey earn with 15hours of labour for dis naija for only 8 hours of work dey for New Zealand, Kuwait, Quatar and all these countries wey dem citizens too like enjoyment.

Brotherly, I am with you. Na really suffer to do DCA peanut when you can actually do DCA sack of garri outside Nigeria. Look for greener pastures and do your DCA well. This country is out to kill us and it's already doing that. You should see how my dad is telling me what he enjoyed in his time in this Nigeria. Bro, we are really suffering in this country. Ain't gonna lie. Greener pastures here I come. When everyone is ready to take the country back from these thieves hands, I am one call away. Good bye.

[Marykeller]

OP, that 10k monthly investment for Bitcoin you d advice so, for complete 10 years, how sure sae your life and properties go d secure till that time. OP, you know sae na every time we d hear negative things from our  government or from terrorists. It is either you hear our government d plan implement new laws wey go affect us or terrorists don attack or kidnap plenty Nigeria citizens. Na the kind life wey you wan d see so, when you don't the next thing wey go happen to you or someone relating to you.

So you see, our lives and properties are not secured. If peso get the opportunity to japa, let them japa. Japa doesn't mean you won't be investing in Bitcoin, you go still do am, with amount bigger than that 10k monthly you d think of, for Nigeria. Maybe before 4-5, you go be able to own one Bitcoin, who knows?. That's a big plus than wasting opportunities and risking your life in a country wey no value and care about the lives and future of its citizens

[Mia Chloe]

~snip

For obvious reasons I don't fancy the gist on DCA because it's easier to preach and discuss than to actually do it. Fact is investing is good and very important but also it must not be bitcoin there are countless other investments one could actually do ranging form online to offline but there are actually steps to these things not just random amounts and targets.

Before you try to begin investing first build something that actually works for you and fatten up your income unless it's gonna look like you're saving and not investing because the capital is low.

[Proty]

If someone actually plans to travel out of the country investing in bitcoin should not stop them from doing so because they are not supposed to invest in bitcoin with money that is meant for there expenses or other important things.They are supposed to used there discretionary income and invest in bitcoin. Therefore this your comparison appears odd to me . It is still possible for someone that is planning to travel abroad to be investing in bitcoin and still works towards getting a visa for there travelling. If you are planning to used money that is meant for your expenses and then invest in bitcoin then the person is wrong.

[IceLincoln]

I have been thinking about this thing since many of our youths dey plan to japa.

It's not bad idea if you dey plan to japa from Nigeria to abroad to have a better life but it's not always easy. You need visa, ticket and you fit suffer abroad for many years before things go set for you.

Is japa the only option by all means? No, another option dey and that's BTC DCA.

To japa from Nigeria now, you'll spend nothing less than a million depending on your plug and if your visa is rejected, your money don go as there's no refund in most cases. But with Bitcoin DCA you can start today with 5k or 10k depending on what you can afford to lose at your level. Assuming you are 25 years old now and you DCA 10k into BTC every month till you're 35 years (10 years) you've built something global without visa or immigration wahala. Your body dey Nigeria but your money don japa. I see it as soft japa.

With 100k as salary in Nigeria, e go take you several months to save for your japa plan. But with 10k/month in BTC for 10 years you can buy yourself options. If Nigeria get better in 10 years, you stay and enjoy as a bitcoiner with assets. God forbid, if it gets worse, at least you have money that already japa.

I'm not saying you should not japa. Japa is valid because all of deserve a good life but my point is instead of waiting forever planning to japa, you should have plan B. If japa option later come, you'll japa with asset and not empty handed. If japa no com later happen, you still build something even as you remain in Nigeria.

Let be honest with ourselves. No be everyone go fit japa but everyone can buy bitcoin as small as possible.

My brother, just calm down I know say na your love for bitcoin dey move you to talk this one. Yes everybody with a spare change can buy bitcoin but you nogo fit com dey put Japa into the matter. People nodey Japa jus because say dem wan make money oo!.  Truth be told we no get any working system for here, I know know if you don hear of the statement “Let Nigeria not happen to you!” Cos eh if Nigeria happen to you you nogo dey reason like this.
Buying Bitcoin is good, saving in bitcoin for the long term is good but no be wetin poor man go fit comfortably do to get the kind money to Japa as e be now.
First Make everybody hustle to increase their income, if opportunity for japa come, japa continue your hustle there.

[Loyang]

Bitcoin is not only for Nigerians but for everyone. However, Bitcoin is not yet legal in some countries. However, the main goal of creating Bitcoin is to decentralize all the financial management of the world, for example, the inflation rate in our country is increasing a lot and Bitcoin has been created to fight against this inflation.

However, a source of income is needed to collect Bitcoin and proper financial management requires finding a source of discretionary income. So if a person can earn more than the country by going abroad, then he can definitely go abroad or it would be better for him to go abroad. He can go to countries where Bitcoin is legal and Bitcoin can be easily purchased, then he can easily buy Bitcoin or invest in it.

[Hypnotizer]

I have been thinking about this thing since many of our youths dey plan to japa.

It's not bad idea if you dey plan to japa from Nigeria to abroad to have a better life but it's not always easy. You need visa, ticket and you fit suffer abroad for many years before things go set for you.

Everything in this world doesn’t come easy and if you have a legit and good opportunity, then you should grab and make use of your opportunity in the right way even though starting a life in a new place far from home is always hard, if you have a good opportunity you should go for it.

Is japa the only option by all means? No, another option dey and that's BTC DCA.

No! Japa is not the only option, options are there a lot but you should choose the one that works for you better and I personally disagree with you that Bitcoin DCA NCA is an option in this case. My reason because Bitcoin NCA is an investment and no matter how consistent you’re in your accumulation someone with higher capital would enjoy more than you in every investment.

Currently in the country, many youth don’t even have a stable job talkless of having money for NCA in bitcoin investment, nah survival mode dem dey on. So talking about investment in this scenario is very unrealistic.

To japa from Nigeria now, you'll spend nothing less than a million depending on your plug and if your visa is rejected, your money don go as there's no refund in most cases. But with Bitcoin DCA you can start today with 5k or 10k depending on what you can afford to lose at your level. Assuming you are 25 years old now and you DCA 10k into BTC every month till you're 35 years (10 years) you've built something global without visa or immigration wahala. Your body dey Nigeria but your money don japa. I see it as soft japa.

Even if you continuously NCA 10k per month into bitcoin, by that ten years you’re talking about you’ve probably invested around 1.2million in Bitcoin across different price ranges (assuming you didn’t add your monthly investment funds) and that’s not a lot of money after all.

Personally I’m not in support of Japa but i consider this comparison of japa and Baca very unrealistic…

[Odohu]

Japa is not the only option for Nigerian youth, a lot of people are making it very big here. The only challenge is that our government and even law enforcement agencies does not expect youth to succeed here in Nigeria which is why EFCC will arrest a young manwho they see with a car if you are just doing things like cryptocurrency or trading forex. You go explain tire they will not gree and I know many people that consider this reason enough to japa. In addition to this ugly trend, security is a major problem that even if you get money, you still dey problem.

[Joy_learns_crypto]

What are you going to DCA with what you earn from Nigeria, Bitcoin DCA should not stop you from leaving the country, you can DCA BTC and still get one of the world worse medical care in Nigeria when you are sick, with your good educational pedigree one person with connection will take what you are meant to have.
Japa if you can, utilize your education, further there if you can but in everything you do don’t use Bitcoin DCA as the primary rationale to not japa when you have the opportunity to go.

[EL MOHA]

Before you try to begin investing first build something that actually works for you and fatten up your income unless it's gonna look like you're saving and not investing because the capital is low.

This is nothing but the truth, people actually jump into investing or even trading without taking this piece into consideration, for me I would always say that bitcoin investment is already known to be risky no matter how we put it due to its volatile market, but yes the best way out of it is actually to hold one for a very long time, but let’s be honest with ourselves can someone who only depends on this investment alone be able to hold right and not panic during bearish conditions, I doubt that. Once an investor actually has other sources of income sorted out they simply can be able to actually hold and invest properly.

For the issue of Japa it’s a different issue on its own if there the situation of the country’s security is not derogating everyday I would definitely go towards investment in Nigeria than using that amount to go out without a gurantee means of work over there

[Wiwo]

The one gospel fact is that, you can not compare travelling overseas most especially to developed countries where there are better jobs opportunities and good pay cheques, with bitcoin investment the two are widely different and my advice is always take the opportunity to travel, because travelling on it own is part of education.

If you travel abroad, when you balance and have a job, you can invest and buy alot of bitcoin that will surpass the amount you may have DCA if you are still leaving in Nigeria.

[Comeacross]

For obvious reasons I don't fancy the gist on DCA because it's easier to preach and discuss than to actually do it. Fact is investing is good and very important but also it must not be bitcoin there are countless other investments one could actually do ranging form online to offline but there are actually steps to these things not just random amounts and targets.

Before you try to begin investing first build something that actually works for you and fatten up your income unless it's gonna look like you're saving and not investing because the capital is low.

I agree with you boss. DCA is easier to preach than to practice. I know Bitcoin is not the only investment option. There are several investments both online and offline if you have capital and knowledge on how to manage them. But the problem is most investment especially the offline ones require a reasonable amount to start but bitcoin let you start with even smaller amounts.

Moreover, most investment both online and offline require skills in one way or another which will take time to achieve but you only need patience to do bitcoin DCA. DCA is not random if you have rules.

I know it's important to grow our income as well but fatten income fast before investing may become waiting forever because as you're trying to fatten your income for as long as possible, that's how our currency is depreciating losing it value.

I see that many people here misunderstood my post judging from replies here. I'm not against japa neither encourage anyone to drop everything and buy bitcoin. It was for people who can not afford to japa now or raise enough money for business. I think it's better to do something no matter how small to escape naira devaluation than waiting for many years planning to japa that may not happen.

[Felicity_Tide]

Let be honest with ourselves. No be everyone go fit japa but everyone can buy bitcoin as small as possible.

One thing is to buy, and another thing is to buy something meaningful in the supposed number of years that you plan on buying. 10K/month?, that's literally less than $8per/month. Imo, this doesn't look too different from savings. I feel there should be more emphasis on how to get a good income, because when a cash flow is often positive, there's likely enough discretionary income for investment. Let's not overlook the fact that our system here is way tougher than overseas. Minimum wage lies around $50, while the common average job lies around $180, or even a bit less or higher. Combine with the crazy hike of items, especially transportation. Let's be honest, leaving in a terrible condition like this is already a disadvantage. I respect those who take the risk to use the exit. The system has completely failed, so they attempted what's best for themselves. Regardless, it's still possible to invest, especially when your income can make a massive difference.

[PhilosopherKing]

The country is unsafe as fuck, road is bad and things are very expensive. To japa na like a one way ticket to avoid all this things so I no sure we supposed even they see am as an option when the thing supposed dey on our top list of things to do. To DCA na good thing, but OR no supposed dey this thing because who tell you say person no fit japa and still ongoingly DCa when they dey over there.

Seems you are a patriotic citizen man so you can stay here and continue to DCa if you like, but as for me and my household we go japa if chance dey na one ticket be that and that no go still prevent me from doing my ongoing DCa.

[Grace333]

Country dey spoil you still want person to dey save 10k for 10years before e go japa, if anybody get the slightest chance especially those wey get hand work my honest advice to japa because your life is at stake. By right bitcoin DCA no even suppose dey with this kind of argument seff because when we dey talk about life and safety nothing else should matter more. Ordinary from south to Lagos seff don turn one of the riskiest thing to do, how we take reach this kind place yet the president is acting like everything is fine.