how to invest and hold your bitcoin in hard times

[cxtreenal]

due to the current situation in the country wish i think every body is aware of  somtimes i ask myself how can i continue to invest and hold in this condition because i strongly believe this invest and hold journey is not for low income earners as for me atleast my income is above 100k monthly and i have been able to hold some coins few years ago but now things has been somehow so i really dont know how can i continue to invest and hold

From the way you are talking, it seems that you are probably stuck in the quicksand of trading. Your funds are tied up in the long term. We always advise investors to avoid short term trading or greedy strategies. If you had been in a long term investment strategy from the beginning, you would not have to regret it today. Use discretionary income in investing and use the excess funds that you have available. The key to success in investing is to use a long term investment strategy and a fund that you do not need, that means it is better to have funds that you can afford to lose.

[NewRevelation]

due to the current situation in the country wish i think every body is aware of  somtimes i ask myself how can i continue to invest and hold in this condition because i strongly believe this invest and hold journey is not for low income earners as for me atleast my income is above 100k monthly and i have been able to hold some coins few years ago but now things has been somehow so i really dont know how can i continue to invest and hold

Bitcoin investment is not do or die. Infact, na person wey dey alive they invest money. Na person wey don chop na im dey save money for another place, and dis Bitcoin own self no be wetin u go one use anytime you want am, na somtin you go won keep make e stay long so dat e fit last long make small money enter on top for you as gain. So, na person wey don chop beleful dey think to do Bitcoin ooo, no be hungry person oo, abeg oo.

About your question, how to invest and HODL, it's just simple. You just have to invest within your means and don't push it. Things are high in price, and little earnings can only afford to buy little things for you. Therefore, we just have to plan our buys within our income, I mean our discretionary income l after handling basic needs first. Infact, to invest and HODL, basic needs first, then discretionary for little investments, and slowly, over the years, you could build up something tangible for yourself.

[Stormisover]

due to the current situation in the country wish i think every body is aware of  somtimes i ask myself how can i continue to invest and hold in this condition because i strongly believe this invest and hold journey is not for low income earners as for me atleast my income is above 100k monthly and i have been able to hold some coins few years ago but now things has been somehow so i really dont know how can i continue to invest and hold

Low income earners are still accumulating Bitcoin and hold for long time, you must use a particular fix amount to accumulate Bitcoin even if you don't still have money to buy Bitcoin now you can as well be holding the ones you have accumulated then when you see that you have little money to start investing again you continue.

Low income earners are using the DCA strategy in accumulating Bitcoin, this strategy will help accumulate Bitcoin gradually you can be accumulating either every weeks or every months just depending on when you know you have your discretionary income available.

Could this be a mistake or something? Because am wondering how people or low income earners can be able to sustain their investment through investing a fixed amount in response to the increasing cost of living in the country or in the world at large now, I guess you wanted to say that you must not use a particular fix amount to accumulate Bitcoin, this is obtainable with the look of how things are going right for majority of people, being flexible with the amount to be investing will take away investing with pressure of waiting to have a fixed amount first before investing, your investment amount can varies and based on the available investment fund, and you only get to invest when there is investment fund.

[Hardyrobust]

due to the current situation in the country wish i think every body is aware of  somtimes i ask myself how can i continue to invest and hold in this condition because i strongly believe this invest and hold journey is not for low income earners as for me atleast my income is above 100k monthly and i have been able to hold some coins few years ago but now things has been somehow so i really dont know how can i continue to invest and hold

It doesn't matter whether you are a low income earner or not as long as you have discretionary income to invest in bitcoin then you are good to start investing in bitcoin. So bitcoin investment isn't just for those with high paying jobs, even the poor folks still have the opportunity to invest in bitcoin provided they have discretionary funds.
To be able to hold bitcoin for a long term you need to invest with money that you won't be needing any time soon, because this money will lock away for years. Aside using discretionary income there is need to always have a backup funds incase if things or the unexpected happens, we can always be able to protect our bitcoin investment. Holding bitcoin for a long time without any form of back up funds isn't possible.

[Abdulzuruku01]

due to the current situation in the country wish i think every body is aware of  somtimes i ask myself how can i continue to invest and hold in this condition because i strongly believe this invest and hold journey is not for low income earners as for me atleast my income is above 100k monthly and i have been able to hold some coins few years ago but now things has been somehow so i really dont know how can i continue to invest and hold

Earning 100k monthly is a reasonable income to take part of it and continue with your bitcoin investment in Nigeria, however it depend on the location you reside. Because with the high cost of living in the country if you reside maybe a place where things are expensive like Abuja, honestly it will be very difficult for you to invest in bitcoin with that 100k. Because feeding, transport and emergency for expensive area fit chop everything for just 3 weeks and it won't make sense to invest and starving yourself.

Although it's still possible for some people depending on how they spend. But my advice for you is, if you find it difficult to invest try another type investment of investment first. if that favor you,  you can return and start investing in bitcoin, because every time is a good time to invest in bitcoin.

[GIF-JOBS]

due to the current situation in the country wish i think every body is aware of  somtimes i ask myself how can i continue to invest and hold in this condition because i strongly believe this invest and hold journey is not for low income earners as for me atleast my income is above 100k monthly and i have been able to hold some coins few years ago but now things has been somehow so i really dont know how can i continue to invest and hold

From the way you are talking, it seems that you are probably stuck in the quicksand of trading. Your funds are tied up in the long term. We always advise investors to avoid short term trading or greedy strategies. If you had been in a long term investment strategy from the beginning, you would not have to regret it today. Use discretionary income in investing and use the excess funds that you have available. The key to success in investing is to use a long term investment strategy and a fund that you do not need, that means it is better to have funds that you can afford to lose.

In terms of investment, you should never use money that you may need in a short time. Because when you have to rely on the money invested for urgent needs, it can cause major losses due to market volatility. The most important thing in a long-term investment is continuity, here you have to maintain your investment for a long time through continuous purchases, so that your holding is also built up at the purchase price, and at the same time your continuity is also maintained. However, you must have complete risk management in place to keep your holding safe, because emergency situations can arise at any moment, and at that time your holding is also safe, and at the same time you can handle your emergency.

[Sticky Bomb]

This investment is for all income earners both high and low but it all depends on how serious you can be and also if you can come up with an investment plan for yourself. The reason why a lot of people think that investing in Bitcoin is actually very difficult is because they probably don't have a source of income which makes it very difficult for them but as long as you have something doing them it means that you start gradually invest using DCA strategy but this has to be a step by step process, if you move fast due to impatience you are going to end up making certain mistakes as holders and if you intend to stand the test of time you must be consistent with it.

I think OP is having some difficulty with continuing with the investment based on financial constraints judging from his income level. I wouldn't advise him to use DCA if he cannot afford it. He can just keep holding and add to his portfolio whenever he feels he can until his financial situation improves. There are periods that expenses are lower and there's more discretionary income available, he can follow up at those intervals only. Make him shaa no do pass him power.

[CryptopreneurBrainboss]

Bitcoin investment is not do or die. Infact, na person wey dey alive they invest money. Na person wey don chop na im dey save money for another place, and dis Bitcoin own self no be wetin u go one use anytime you want am, na somtin you go won keep make e stay long so dat e fit last long make small money enter on top for you as gain. So, na person wey don chop beleful dey think to do Bitcoin ooo, no be hungry person oo, abeg oo.

No be lie, you go dun first chop before you begin they reason Bitcoin as if you never chop then get wetin you go chop first, no put eye there. But people ignore this warnings and this make them become victims of their own lack of planning.

The problems isn't to buy but can you hodl even when the market looks like all hopes are lost. If you don't have the mind and financial backings don't invest or you'll be wasting your time and resources.

You have to be able to buy and forget before investing in Bitcoin as that's the strategy that'll benefits you as an Investor especially as a small scaled investor that most of us here are.

Don't be in a rush to invest, take your time, gather your resources, have emergency funds and backups plans/fiunds so you don't stop half way filled with disappointment.

[Yorubek]

due to the current situation in the country wish i think every body is aware of  somtimes i ask myself how can i continue to invest and hold in this condition because i strongly believe this invest and hold journey is not for low income earners as for me atleast my income is above 100k monthly and i have been able to hold some coins few years ago but now things has been somehow so i really dont know how can i continue to invest and hold

It is true that it will be difficult for people with low incomes to consistently buy and hold Bitcoin for a long time, because their income is relatively low compared to their needs. The price of Bitcoin is very volatile, so it is not possible to make money quickly through investment, it is very important for an investor to use his money wisely to buy Bitcoin and hold it for the long term, because there is no confirm of profit through investment, so it is better to use money that the investor can afford to lose.

I think it is very important for low-income people to diversify their income before starting to invest in Bitcoin because this will allow them to buy Bitcoin with discipline and not have to close the investment completely or sell it quickly in the long term, thus protecting them from losses and having the potential to make big money in the future.

[Cleanshit]

The problems isn't to buy but can you hodl even when the market looks like all hopes are lost. If you don't have the mind and financial backings don't invest or you'll be wasting your time and resources.

To be able to buy Bitcoin is a thing but again for one to be able to hold on Bitcoin when market is not favorable to you is another thing again. That why when it come to Bitcoin investment you aren’t advice to invest in your emergency funds. For one to be able to hold for a very long term you need to have your emergency funds, and with your discretionary income it makes it easier.