how to invest and hold your bitcoin in hard times

[Sonia_123]

You are not investing for hard times but for a meaningful and better future that will not be hard and so when your hard times comes all you have to do is look for another additional income to boost your expenses and not to have the mindset of selling your bitcoin without getting to your overaccumulation stage, if you sell your bitcoin before maturity, then you are bound to remain poor because you can never grow to free yourself for your financial problem .

Hard times must definitely come you must be able to control yourself and achieve your purpose if not it's as good as not starting your investment at all .

Bitcoin investment is for everyone both for low income and high income earners, it only depends on how you discipline yourself towards investing and holding, most times you find out that some low income earners even has more passion to invest and hold it than the high income earners who have already made it and sees the long term holding as too long to achieve while the low income are ever ready to work, achieve and secure their future.

[Bright0515]

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.

[Obim34]

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

Nobody is forcing you to do what you cannot afford to give yourself, you don't want to be the scapegoat in times of need. Every financial decision is measured based on your income, if the funds for Bitcoin cannot be included in your budget, you don't have to do it by all means.

Investing is nice, but having financial stability, at least capable of fulfilling all living essentials, is important before thinking about investing.

[AmaGold70]

I really understand your point here, and I no sey because of how Nigeria economy rough reach many people no de put money for bitcoin again, no be sey Dem no de interested for the Bitcoin investment again but economy do really discourage them. However, compromising your Bitcoin investing or ignore it as a result of hardship is not totally advisable. You know that gaining financial stability required lots of hard work, and sometimes you even do investment when it is not convenient for you because you really know what you stand to gain if you really succeed in your investment. If Nigeria economy is bad , don't allow it affect to the extent you will forget about your Bitcoin investing, so far you earn money weekly or monthly, ensure you remove small amount for your Bitcoin investing no matter how difficult it might be, because is a way of building your future financially.

[Tetu100]

Despite the economic situation of the country, I still believe someone can invest, and hold Bitcoin. Honestly, it is very wrong to eat all your money without saving anything from it, it is a wrong habit.
No matter how tight you might be, planning your future is very important for financial growth, but when you eat everything, and giving economy as an excuse, you will find financial stability difficult in the future, and will be your own mistake or error.
While some person's are taking Nigeria economy as a reason not to invest, there are also investing in Bitcoin without looking the nature of the economy, they actually understand the importance of Bitcoin investment, and don't want to make the mistake of facing financial crises I'm the future, and therefore give priority to their Bitcoin investing without minding Nigeria is facing economic crises.

Unserious people always look for want they can hold up to as an excuse for not doing things the right way. Yes no doubt things are currently tough in the society but do we have to mess up our future just because things are hard? There is no way someone will completely consume everything he has worked for over the month only on basic needs without even saving even if it's little out from it, how will that even be possible, only unserious person does that. However, we shouldn't forget the fact that future is being designed by what we have put in place today, if we continue to hold our bad economy responsible for everything then I'm afraid because that will be the doom we will see tomorrow. Success isn't built on luxuries, we must have to take some certain sacrifice and put in some hard work to achieve that. Hence, we must have to do what is expected and leave hard time excuses out of this.

[Sticky Bomb]

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

You were not specific on the coins you've been holding. Well, if it's Bitcoin, then you're better off. If you cannot continue investing based on increased expenses and bad economic condition of the country, you can keep holding the ones you've invested. Chances are that your financial condition would get better and you resume investing. You can still limit your addition to your stash to when you've free money from work bonus, gifts e.t.c. Bitcoin investing should be from a place of comfort and if it's not comfortable for you to keep up with it, you can pause temporarily so that you don't get yourself in a difficult financial situation.

[Ummeettaa]

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

The first thing I will like to know is if you invested with your discretionary income, because if you have invested in Bitcoin with your discretionary income that means it will not be an issue for you even if the situation is more harder than the current situation.

Because before any investor take a step to invest in a Bitcoin, he/she would have set aside emergency and any other funds needed for upkeep and other activities before investing.

But if it happened that you did not invest with discretionary income, the success rate of your investment will be very limited because either now or soon, you will be left with no choice or option than to withdraw from the investment even if the investment has deprecated or not,.

And that is the main reasons why it is always adviced and necessary for all investors to know alot about the investment they wants to invest in before investing in it.

[Cossyblack]

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

These are tough times luckily for you, your earning high,a 100k monthly in this period that things are hard is a huge amount of money and can go a long way if you know how to manage it. Although I don't know about your bills but if you are overstretched then you can pause your bitcoin investment journey for the moment.  you don't have to overstretched your finances to invest in bitcoin you can always pause and then continue when you are more stable.
However, what you need to invest in bitcoin isn't your income but from your discretionary income. And then after you have taken care of your essentials and maybe nothing was left as you're discretionary income, you have look for a side hustles to support your main hustle so that you can have enough income available to figure some discretionary income that you can use to invest in bitcoin.

[liasbaa]

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 has been discussed many times in the Bitcoin forum and will continue to be discussed in the future that Bitcoin investment is a good idea for a poor person who can properly meet the basic needs of his family. This means that if you have discretionary income at the end of the week, start investing in Bitcoin. There is no need to count the days and hours, if you have minimum $10 in extra funds/discretionary Income available from today.

You should stay almost certain that the situation in the country will get worse in the future because think about the amount of money you could have bought a product with 5 or 10 years ago, the price of that product has increased more today and it is almost certain that the price will increase in the future. The price of almost every product will increase tomorrow compared to today.

Considering the worse global economy in the future, lean towards Bitcoin as an alternative financial system as a pre-plan and accumulate Bitcoin regularly because Bitcoin is a store of value for everyone.

[Ashawowo(OS)]

These are tough times luckily for you, your earning high,a 100k monthly in this period that things are hard is a huge amount of money and can go a long way if you know how to manage it. Although I don't know about your bills but if you are overstretched then you can pause your bitcoin investment journey for the moment.  you don't have to overstretched your finances to invest in bitcoin you can always pause and then continue when you are more stable.

My brother make we dey honest, #100k no dey huge at all, in fact with de economy, e go hard for person wey dey single to manage with am for a month, not to mention if you get family, I no wan go to de cost of things for market, cost of gas, housing and oda responsibilities. No matter how you dey manage, de economy don already make am difficult for you, even doz wey dey earn as high as #300k dey complain say e no dey reach. That said, no be must say you go continue your investment as de matter dey choke you, you fit pause, make you continue when your income increases. If you don look am say you no dey get discretionary income again from your salary to invest, no bother to continue so dat you no go struggle financially sotey you go sell your holding at a loss just to survive.

E beta say you just dey hold de one you don gather, dan say you dey strangle yourself to meetup with to maintain consistency for your investment schedule

[PhilosopherKing]

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

You are not clear in what is affecting your consistency . But if you are speaking about how hard the economy is getting then that is something that is affecting every person, not only you. You can still continue to ongoingly DCa, by investing those times when you have discretionary income, and whenever you don't have you can skip investing for that day till you get discretionary income.

Since to have understood your cahsflow, don't put yourself under pressure just because you want to continue investing the way you was investing before. Invest in the way that will be easier and okay for you, the main thing is that the money you are using to ongoingly invest is that money that you can afforded to loose or leave for a a long time.

[Different patterns]

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

I understand your challenges, especially how rough things dey now, but what I’m saying is that you don’t need to stop your investment completely, what I think is the best to do is to adjust your investment to your current level. I don’t really know the kind investment you are talking about, but I believe you are referring to bitcoin investment, if it is.

And bitcoin investment is not really about how you can gather funds or you must buy at high amounts for the first time, What you earn monthly no need to go into bitcoin investment at once, at least you should have plans, and also take care of necessary things before finalized to invest into bitcoin investment, necessary things which are your basic expenses, they are so important that you can ignore, because once you ignore them and continue your investment, it may later cause problems that may go against your long term rules. So as you have been able to hold years ago, you just need to add it to your patience for long term.

[osasshem]

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

This is one thing that we most times forget to put into consideration when starting our investment journey. When investing funds, you should always have it in mind that things might go south, and the need of taking from your investment will arise, and that is why keeping some funds as emergency funds will help a lot to avoid tampering your investment.

[BItcoin Guy@]

This is one thing that we most times forget to put into consideration when starting our investment journey. When investing funds, you should always have it in mind that things might go south, and the need of taking from your investment will arise, and that is why keeping some funds as emergency funds will help a lot to avoid tampering your investment.

That is why emergency funds are always important when doing any investment or business. Keeping them will help keep your investment safe without touching it when you’re going through hardship. Investing is always good, and when you have enough sources of income, it makes your investments go well for the long term and helps you keep getting profits.

When dealing with Bitcoin, you don’t need to make yourself struggle. We should always try to have something doing so it goes easy for you. If you think you don’t have any way of getting a source of income, I would probably say you should not go into Bitcoin, because it is a long-term purpose. If you invest your savings in Bitcoin and don’t have any other way to get more funds to take care of yourself, you’ll most likely touch your investments. And that will lead to losing when you sell at wrong term.

[Youngrebel]

The most important thing here is that you are earning, Bitcoin Investment isn't just for those with a high income, it is for those that also earn low amounts as well, as long as you have an income flow then you can invest in it. You can use DCA to invest at your pace, with an amount of money that you can afford, as long as you are consistent with it and patient enough you'd definitely make profit from it.

The reason why a lot of people find it difficult to hold on to their investment during is because during hard times they don't have much money to spare for them to sort out their bills so they end up selling their Coins and the fear of losing makes them do that as well.

This is what having a source of income no matter how small it might be is important, without this there is no need to think about Bitcoin investment.

[Gentle_Soul]

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

Discipline is one key factor when it comes to investing and hold because if you aren't disciplined you will probably want to withdraw your investment and not possible make a profit or you could even loss, the best way to invest and hold over a period of time is to do that with your discretionary income you shouldn't be investing under any sort of pressure whatsoever especially when you want to make a long term investment, always invest with your discretionary income and you would possibly be able to hold for a long time.

[Makus]

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 above 100k even with the current state of the economy is still better than average because this is way above the minimum wage is 70 thousand naira and you are earning way above that. It is important for you to take out the amount of Money you want to invest every month, and this doesn't have to be a huge amount, as long as you can be consistent with it you are definitely going to achieve positive results.

Try as much as possible to have emergency funds so that you don't get tempted to sell your coins because you want to solve something urgent. For most people this is the problem they encounter when they invest without separating an emergency fund.

[Freeveto]

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

To invest in anything, you need capital, if you don’t have capital, you cannot invest. If your income is not enough to take care of you, don’t buy bitcoin because you can’t hold while you don’t have money for your upkeep. Emergency can come at anytime, and investment need time and consistency, this means if your salary is not enough for you, use your salary to eat, invest letter when you have bother way.