Can the average Nigerian actually afford to DCA?

[Exitoral]

I done check whether person done drop topic and talk like this i no see. I come wonder why nobody done talk about am. So i say make i do the honors to does who dey really struggle. Make i no lie ooh, i dey among them. But sha, i get small crypto investment like that.

Anyways, DCA requires income that is left after basic needs have been met. As the condition of Nigerians be so, una sure say people fit afford to do DCA?

Many Nigerians struggle with food, rent, transport and school fees. All these go make person say make DCA dey one side first. Imagine say person dey struggle to see food chop come later do DCA. Na the Bitcoin last last he go sell take chop.

The question be say, e go advisable for someone wey him income no dey stable make he do DCA?

As e be so, e be like say we dey copy wetin other countries dey do, and those countries stable pass us. Most families there get disposable income. But for Nigeria side, e red.

I dey feel say most people wey dey talk about DCA na people wey their lives don settle one kind, abi I lie?

[DPHOR]

See DCA no be something people go actually put all their money into it because that dca dey help us to buy bitcoin at least 10,000 Naira and above and if you already get that money for exchange e go reduce stress for you because you go dey use small amount to buy bitcoin. Every body get access to bitcoin and them fit do anything wey them wan use their money, as you buy if you see say you don get small profits you fit even just sell am again then wait small make the price drop more before you go buy again. This one go help you reduced stress, since most people dey complain about we economy now, anything wey them do or invest as soon as them make small profits them no mind sell it and before you go into bitcoin investment you should know that e dey very risky where you fit lose the money anytime but you still get the unit of bitcoin you dey hold for that exchange or wallet you put your investment.

[IceLincoln]

I done check whether person done drop topic and talk like this i no see. I come wonder why nobody done talk about am. So i say make i do the honors to does who dey really struggle. Make i no lie ooh, i dey among them. But sha, i get small crypto investment like that.

Anyways, DCA requires income that is left after basic needs have been met. As the condition of Nigerians be so, una sure say people fit afford to do DCA?

Many Nigerians struggle with food, rent, transport and school fees. All these go make person say make DCA dey one side first. Imagine say person dey struggle to see food chop come later do DCA. Na the Bitcoin last last he go sell take chop.

The question be say, e go advisable for someone wey him income no dey stable make he do DCA?

As e be so, e be like say we dey copy wetin other countries dey do, and those countries stable pass us. Most families there get disposable income. But for Nigeria side, e red.

I dey feel say most people wey dey talk about DCA na people wey their lives don settle one kind, abi I lie?

My brother the thing you gats understand na say who wan invest in bitcoin go invest in bitcoin no matter weytin you feel say be the economic situation. If you don make plan to invest using DCA it’s actually easy, you just have to set out a certain amount you know you can easily afford to lose (that’s na money u go nogo need anytime soon).
If person income no stable and him wan invest, na for am to sort out how much go remain after he don settle major basic bills and if the remainder dey enough for am to save for rainy days and still invest he go do am, if not make he wait till the next available funds.
You no need force your accumulation, DCA gives you that ability of consistency and sustainance. You invest with ease and based on when your discretionary income is available.
Your own is to try and keep your income flow regular and try to increase it when possible

[Princess Leah]

I done check whether person done drop topic and talk like this i no see. I come wonder why nobody done talk about am. So i say make i do the honors to does who dey really struggle. Make i no lie ooh, i dey among them. But sha, i get small crypto investment like that.
.
I dey feel say most people wey dey talk about DCA na people wey their lives don settle one kind, abi I lie?

No forget say no be everybody dey go through difficult challenges wey go hinder them from investing, people they get am clear despite the economy and some of them no even get too much responsibilities wey dem go say na excuse why dem no invest and those people still get steady income still come dey in good position to generate discretionary income for investment.

 Moreover, no be must say people must invest very big money, person fit decide to they invest #20000 every month or #10000 every week if em dey earn weekly, no be must say person must get play money before them go invest. Moreover the DCA done make am possible in a way wey be say people wey no too get enough for their discretionary income fit invest small and consistently like the amount dem wey I mention.

[Felicity_Tide]

The question be say, e go advisable for someone wey him income no dey stable make he do DCA?

With the level of hardship, and with what I have seen, I think it's best that some people just find ways to survive, rather than trying to start what they can't keep up with. Some people's priority at the moment is just to feed. Most people don't even have discretionary income because every single penny ends up going to one thing or the other. There are those who earn far below the minimum wage. Let's be honest with ourselves, an average Nigerian is not in a good position to DCA something meaningful for long. He/she is likely to fall back to their investment after a short while... And that's if they even have something to set aside.

[SOKO-DEKE]

The point is that not everyone can invest in Bitcoin, no matter the strategies you may give because those strategies may not work because they are struggling financially.As you said, if someone is struggling to feed themselves, how can you expect such a person to invest in Bitcoin? The DCA method is an easy way for some people to accumulate Bitcoin, but when someone does not always have discretionary funds, they cannot invest.Even if they try, they may eventually be forced to sell their Bitcoin to meet their basic needs later.it is also possible that they may sell at a loss because, at the time they need money, the price of Bitcoin could be down.Therefore, people should invest only when their basic needs have been properly taken care of. If someone invests money meant for their essential needs, they are likely to regret it later

[Rockson1]

I done check whether person done drop topic and talk like this i no see. I come wonder why nobody done talk about am. So i say make i do the honors to does who dey really struggle. Make i no lie ooh, i dey among them. But sha, i get small crypto investment like that.
.
I dey feel say most people wey dey talk about DCA na people wey their lives don settle one kind, abi I lie?

You no need to wonder why nobody don bring topic like this for discussion here because I reason am say as you bring am come too no bad at all, you said you get crypto investment like that, definitely it is not Bitcoin it must be one of those random stuff right? Although that is by the way, as for struggling, many people no the get am clear for we naija here as e be but we still Galant the do am small small as we fit, the wah you the talk about the DCA of a thing, you the talk am like say na millions people need to take the DCA, na only discreationary income, e fit be any amount and it can also be daily, weekly or monthly but if the discreationary income no dey at no wam, nobody worry nobody, make I correct you for something, no be every body wey the talk about DCA the do am and no alm of them the get am soft too but them they try to the one them fit do because them understand the value of Bitcoin and wetin fit sup for future.

[Cryptomultiplier]

If you sabi calculate yourself well, as in sabi budgeting and financial management well well, to plan to DCA no go be problem because DCA strategy no be do or die affair, na as you get you go save.
When you settle all other side and some still remain, you fit DCA am. E no need any broker or special services na just to know and understand how to get hardware wallet and keep am safe from scammers and hackers and phishing stuffs be the Koko. To keep your seed phrases no suppose be too much stress.

No long talk, just know say to DCA na to use funds wey you no intend to use anytime soon, and most importantly get a time frame for mind to reap the return on your DCA investment.

[Creeper0]

First of all I want to say that investment does not require a stable income, a discretionary income is enough. Now let us come to the issue of ability, if your situation is such that after meeting your daily needs you do not have any discretionary money, then you should not force yourself to invest, rather you should stay away from investment. However, if you enter into investment due to your strong desire, then I cannot lay down any rules for you. Because you are really gambling, you can succeed or fail here.

If you can allocate even a small amount for investment through hard struggle, then you can invest that money in DCA weekly or monthly or quarterly as per the situation. Suppose you can allocate discretionary money of $5 per week, then you can do DCA monthly or bi-monthly or quarterly, in which the amount of DCA will be significant. Whatever the situation, you can do DCA if you want. Depending on the situation, there may be doubts about the investment, not about DCA.

[PremiumcryptoHub]

Investing in Bitcoin is not mandatory so I think it might be very challenging for nigerians who are struggling to meet their basic needs to invest but if someone can calculate well, then despite their financial difficulties, they might be able to find some money for investment. Actually OP you should know that DCA does not require a stable income but a discretionary income but I think every nigerian needs a stable income to have a low risk cash flow. Also it's seems to me that effective and safe ways to invest in Bitcoin with small capital is to buy Bitcoin in fractional amounts, also it can be said that if you can allocate a small amount of money for investment through hard struggle then DCA can be done smoothly with that.

[fredericktaylor]

To manage investments consistently with a long-term plan, we must use discretionary money because Bitcoin requires a long wait to be successful in long-term investment or to make money, and if an investor cannot purchase Bitcoin with discretionary money, then it will be very difficult for him to hold Bitcoin in the long term, because the investor may need money at any time, as a result of which he will have to sell Bitcoin and then the price of Bitcoin may be relatively low, as a result he will have to face a loss and sell Bitcoin. Bitcoin investment must be long-term and that through discretionary money so that the investor can hold Bitcoin for a long time and can profit from the investment when the time comes.

If the investor is not able to fulfill all his basic needs, then long-term investment is never possible for him. The basic needs have to be fulfilled with the money earned, after which if there is any remaining discretionary money, then it can be used for investment. If the investor is not able to fulfill his basic needs, then he will never be able to achieve success by investing in Bitcoin with a long-term plan.

[Mate2237]

You actually raised a very important topic here, especially in our current economic situation as a country, which has made surviving much more harder to live in as a country. Just as you have mention in your thread one has to eat and meet his immediate needs first before ever thinking about investing because, it only takes a man which has eaten and is in a good mental and psychological state to invest.


The truth about Bitcoin investment still remains that one thas to be financially bouyant, which means that it must be done through discretionary funds that, will not impact negatively on the individual even if when investment has not brought back profits. But about your question whether if it's possible for the average Nigerians to actually do DCA, I will say is a capital yes it all boils down to planing and self discipline as an individual. No matter how small an individual is receiving in a month if you are actually determined to do DCA I believe that you can actually achieve it.

[Stable090]

Anyways, DCA requires income that is left after basic needs have been met. As the condition of Nigerians be so, una sure say people fit afford to do DCA?

Na d challenges wey plenty people Dey face for dis country be that, most of d youths wey Dey now wan really invest in bitcoin, but d problem be say most of them never fit feed themselves well with the money wey dem Dey earn not to talk of having some money left which they going to use to invest in bitcoin.

Many Nigerians struggle with food, rent, transport and school fees. All these go make person say make DCA dey one side first. Imagine say person dey struggle to see food chop come later do DCA. Na the Bitcoin last last he go sell take chop.

If u never chop well, or u get house rent or other important things to do, then u no fit invest in bitcoin now, because if u carry money go invest, if things hook u for neck, na u go carry ur hand sell d bitcoin wey u don buy, and e fit be say u go don Dey on loss already.

The question be say, e go advisable for someone wey him income no dey stable make he do DCA?

If wetin u Dey earn never do u to chop, leave investment first, focus on how u go take Dey feed urself make ulcer no go catch u.

[Franklyn-wood]

You actually raised a very important topic here, especially in our current economic situation as a country, which has made surviving much more harder to live in as a country. Just as you have mention in your thread one has to eat and meet his immediate needs first before ever thinking about investing because, it only takes a man which has eaten and is in a good mental and psychological state to invest.


The truth about Bitcoin investment still remains that one thas to be financially bouyant, which means that it must be done through discretionary funds that, will not impact negatively on the individual even if when investment has not brought back profits. But about your question whether if it's possible for the average Nigerians to actually do DCA, I will say is a capital yes it all boils down to planing and self discipline as an individual. No matter how small an individual is receiving in a month if you are actually determined to do DCA I believe that you can actually achieve it.

This tread is more or less of a realistic question that can only be answer according to individual determination and quest for salvaging bthe future through Bitcoin and the DCA strategy. I have seen a hocker saves money, bought land and build a house fro the little he was saving, while another person I know who works in a reputable organization after many years could not but land not to talk of building. We are carried away with the pleasure of enjoyment, when things starts to turn around slightly, what many do is spend the money immediately then regret tomorrow for not investing it.
Making budget, discipline and determination before the money comes saves from being distracted while earnings increase or start to flow.

[Odogwu-Blockchain]

You talk wetin I don dey talk about for years on the forum, you really explain am well and ask the best questions so far. Sometimes, I dey feel wonder why average Nigerian go dey talk about DCA like say e easy, e no easy like that o, even crypto investment sef na another thing wey seems to be easy but hard, e con soft for people wey get money than people wey sabi crypto investment.

Like I dey always talk am, DCA better for those wey get plenty streams of income, make you just assign one stream for DCAing every week, or months depending, make you dey use other source dey spend for leaving, na the only way DCA fit sweet be that. A common man wey no get strong income flow no get anything to do with DCA, make him comot body.

[Father111]

Yes, an average Nigerian can actually afford the method of using DCA, it is only the average Nigerian that is not aware of bitcoin will not afford to invest in bitcoin through DCA method, you and i know that as far as you have been opportune to be introduce in the forum and little knowledge about bitcoin has been shared to you, nothing can hold back any average Nigerian from making use of DCA method to inves, no minding on how his discretionary income come.

[Abu-Naim]

I dey feel say most people wey dey talk about DCA na people wey their lives don settle one kind, abi I lie?

People wey don settle they invest once since the money de available, but for people we never make make and they are not willing to be left behind in Bitcoin investment, they use some percentage of their earning be it monthly, or weekly to buy Bitcoin, na that method be DCA, and as you can see, it is a gradual accumulation process, na why na low income earners, or earners with much responsibilities and still don’t want to be left out of the Bitcoin investment.
The method is just the easiest method of accumulating Bitcoin no matter your status because some rich men self they prefer the DCA so that they can invest with ease and have lesser pressure in the price fluctuations.

[igebotz]

The question be say, e go advisable for someone wey him income no dey stable make he do DCA?

As e be so, e be like say we dey copy wetin other countries dey do, and those countries stable pass us. Most families there get disposable income. But for Nigeria side, e red.

I dey feel say most people wey dey talk about DCA na people wey their lives don settle one kind, abi I lie?

Investment is a long term goal; Financial survival should always come first- there's no need going through hell just because you want to invest in an assets, you must take care of your basis needs first. I always advice those on unstable income to try and be flexible and only invest after you've sorted out life challenges.

Strict DCA is for people with stable income, DCA only money you can afford to leave untouched for a long term and increase it slightly as income improves.

[Rgram]

Once you’ve got a stream of income, you’ve got what to do your regular DCA with. It’s just left for you to decide on how you would allocate your funds and that’s it. The idea would always remain that, you are investing for your future and if you are anyone that does care about your future, I don’t think you wouldn’t be gracious to yourself enough to save out something for an investment. It’s not just something you should do because you want to but, it’s something you should do because you need to.

[DYOR+BTC]

Among all investment processes,  i think the easiest and most accessible method to all including the rich and poor is this DCA investment method because it helps regulates once expenses. As an average Nigeria with a secure and specific salary it is easy as the person involved will establish a good investment pattern according to his financial strength even if its with a low capital but it is very easy to achieve but only exceptional to those that do not have goal to leave up to at all time if not the DCA investment pattern can be affordable because its easy.