how to invest and hold your bitcoin in hard times

[Crypto_Timothy]

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

Before you start thinking about investing, you have to first analyse yourself and what you get as income, if you truly have intentions to invest in Bitcoin, then holding shouldn't be something you later worry about because for you to have invested in Bitcoin, it truly means you understand it otherwise it would mean you have invested in something you did not do proper research on. I say this because anyone who truly understands Bitcoin knows you cannot be holding today, tomorrow you want to sell small to eat or manage one emergency, whatever you invest, you must hold otherwise you might end up losing in the long run, especially if you keep redrawing beause of the situation in the country, situations fit no finish but your investment fit finish.

[Zackz5000]

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.

[Brizi5000]

To invest and hold bitcoin amidst financial uncertainties one must learn to invest only with what he/she can afford to lose. As a low income earner in Nigeria you should invest with just an amount you won’t be needing anytime soon. To achieve this, when you receive your income focus more on sorting out your basic life expenses first, after which any amount left with you which is the discretionary income can be use in buying bitcoin or any other discretionary expenditures and also keep some of it for emergency situations .

The reason why I emphasized on first sorting out your basic needs is to enable you hold bitcoin so you don’t resort into selling back to sort out basic needs when it’s not yet time. So in essence, if you’re a low income earner who’s struggling to sort out his basic needs then you don’t have to rush into bitcoin investment, instead you focus on improving your financial condition to enable you take care of your needs and then have left over cash to use in buying bitcoin and hold. The DCA strategy also will enable a low income earner invest in bitcoin gradually either weekly or monthly schedule but depending on when there’s available discretionary cash.

[Cityhunter34]

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

All these things cannot stop someone that has a good vision for Bitcoin. It is absolutely a matter of decision, because many people who are profiting from Bitcoin today start from somewhere. They didn't wait to get all they want before they started to invest in Bitcoin. They were able take a decision without looking at their income, because most people usually have this feeling that they must be financially stable and have enough money before starting to invest in Bitcoin. That's absolutely not a good idea at all.

[Big Dirams]

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

All these things cannot stop someone that has a good vision for Bitcoin. It is absolutely a matter of decision, because many people who are profiting from Bitcoin today start from somewhere. They didn't wait to get all they want before they started to invest in Bitcoin. They were able take a decision without looking at their income, because most people usually have this feeling that they must be financially stable and have enough money before starting to invest in Bitcoin. That's absolutely not a good idea at all.

And that a wrong thinking because when we feel that we need to be financially stable before we can invest in bitcoin then we are just fooling around because majority of retail holders holding bitcoin are not financially stable before they could afford a bitcoin so that isn’t a must for us too. Things have been easy and made more convenient for us that we don’t really need much to even start bitcoin investment and we can as well start with the little we have and keep accumulating more on monthly basis or weekly basis it all depends on the investors financial situation. All needed is just discretionary income.
If we are to be financially stable before we can afford bitcoin then we will only have a few holders. 

[Yablee0]

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

According to you, you have been able to hold Bitcoin till date regardless the current economy situation on ground, but based on reasons best known to you, you feel or thought you can not continue anymore. Well, that is left for you to decide since it's all about you. But if I should suggest, I will advise you stretching your stream of income a bit, or maybe you can cut off some irrelevant bills that isn't necessary to you in anyway. Maybe this can be helpful and can likely aid up your investment holdings.

Furthermore, even in time's like this where things are so difficult, people still make there way out in their Bitcoin investment dealings through DCAing method. However, this is the most easiest method that can accommodate any set of person's regardless. With this method on ground, no investor should be making excuses for not investing in Bitcoin, unless they where mere procrastinators that never meant their words in the first place.

[B-BossMan]

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 just a simple mathematics calculations you just have to use your comon sense to balance everything. That's why investment in long-term growth is trusted and tested,  so when things are getting harder and your earning incomes aren't the same as it is before, you don't need to force yourself and invest again, all you need to do is, reducing the amount of buying to a certain level, but struggling to invest same amounts continuously may cause you harm. If you are buying $30 worth of bitcoin before regularly, reduce it to either $20 or $10, it's still okay at that rate. Then solve the family responsibilities first and after settling every bills that are necessary, any money leftover can be use to invest, no matter how little it is. The most important thing is to maintaining the discipline position without landing yourself into a wrong financial situation you may regret later, then when your earning income later increases higher, you can also decide to double your bitcoin stacking,  so consistency matters alots.

[Mayor of ogba]

From your post it's very clear when you started your bitcoin journey, your monthly salary was good enough to sort out your expenses and you will still be left with discretionary income you were accumulating bitcoin with which made your investment journey easy but right now since there's a high rise of inflation in the country, making it a kind of difficult for your salary to take care of yourself monthly expenses talk more of having discretionary income to continue accumulating bitcoin. Since you are finding it difficult to accumulate bitcoin right now don't force yourself to accumulate bitcoin if you are sure after paying for your monthly expenses you won't be left with discretionary income because if you do, you can end up selling the bitcoin you are currently holding, just suspend accumulating bitcoin for now and focus on sorting out your expenses for the time being when you notice that you have discretionary income after you have sort out your expenses you can now resume with your bitcoin investment.

[Xackie]

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

My own take is that , you should make sure you focus on yourself and survival before thinking of investing. We know how bad this economy is , you earning above 100k  doesn't make you safe, even if you settle your bills and expenses first. To be honest it will be very hard for a low income earners to hold for a long term, because sometimes the kind of bills they face can go beyond their salary. If you now decide to go ahead to invest in bitcoin, when challenges begins to happen, you will have to sell your Bitcoin. Is not by force to invest in bitcoin especially if you are living in a tight budget, you can try to get other way's to generate more cash flow ( maybe looking for another job with higher pay or side hustle). If you have more cash flow you can easily have some little amount of money left to buy and hold Bitcoin comfortably after sorting out your bills. If you are able to get more cash flow you can also save some money (as emergency funds, or just leave it in your bank).

[Loyang]

Yes, I agree with you on this. But we should reduce our expenses. Because we are now under the pressure of our expenses and we have not yet been able to increase our sources of income, so one of the biggest measures at the moment is to reduce our expenses. Even though our discretionary income is low, we need to keep investing. For example, if you used to get $5 in discretionary income, now you get $2 in discretionary income, you need to maintain continuity. Once you lose continuity in this crisis, you may not be able to continue investing.

So it is very important to maintain continuity in investment during this difficult time. You can find another source of income through which you can earn extra income. It is difficult for every person to find a source of discretionary income right now, so maybe you will have to find a source of additional income or reduce the amount of expenses.

[Sammye3]

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

When your expenses exceeds your income, it is necessary to focus more on improving your income rather than putting pressure on yourself to remain consistent with your investment. Investment can always come when your finances are in place, though it might not come at the right time but there is always a new opportunity in every phase.

The main focus for a struggling investor is focusing on yourself, it's unhealthy to deprive yourself of the basic needs just to meet your investment goals.

[Y3shot]

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

If income is the problem to invest in Bitcoin and one really wants to imvest, i think the first thing to do is to increase income and also to reduce expenses and to imvest in the amount one can afford to lose. One of the problems some people that have cause them not to be able to invest in Bitcoin is because they think the amount they can afford to invest is too small for them to invest but this is not even the problem. It is better to start small with the amount you can afford,  and if you think their is need to invest more then it is left for one to try to make increase of the income.

[Itz-prisigold]

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 don't think it's right for you to say that Bitcoin investment is not for low income earners.  Anyone can invest in Bitcoin as long as you have discretionary income. If you feel your income is not enough to maintain the same amount you have been investing with, then it will be better to reduce the amount or even taking a break for sometime until things become stable is not a bad idea. There's no reason forcing yourself to maintain the same amount of investment just because you were able to afford it some years back.

Bitcoin investment is not actually about the amount you invest, it's about being financial responsible even while doing it.  Anytime you have any income, try and take care of the necessary expenses, save some for unexpected expenses during time of emergency, and only invest with what is left which is your discretionary income.

[Tmoonz]

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

When your expenses exceeds your income, it is necessary to focus more on improving your income rather than putting pressure on yourself to remain consistent with your investment. Investment can always come when your finances are in place, though it might not come at the right time but there is always a new opportunity in every phase.

The main focus for a struggling investor is focusing on yourself, it's unhealthy to deprive yourself of the basic needs just to meet your investment goals.

That is the point, staying off putting pressure on yourself is something we don't need anyone to keep reminding us of, this is because it doesn't make any sense at all, rushing in will definitely result in rushing out which is a complete waste of time and some case waste of resources since since selling at lost might not be inevitable just as the case may be, whenever your finance are in place for you to invest is your right time and a great opportunity, naturally every one finances can not be in place at the same time, some can even get involve after you while there were others before you too and that settles it, if anyone think longevity then improving income first rather putting pressure is the best.

[MainIbem]

Let me bring a kind of suggestion to you, bitcoin is the best option to take in times like this for your investment if you want to be profitable and also minimize the chances of going harder in risk taking, you can decided to use DCA strategy for this and continue to buy upon every market dip, the hold and later release when the market is high, this will make you more profitable than taking risk on other assets you may not be sure of what they could deliver to you as profit.

Everything you said is spot on asides "buying upon every market dip",  Bitcoin is unpredictable so you can't tell when the market would dip which means that to do what you said the investor would need to wait for dips before buying Bitcoin. Instead of waiting for dips, buying with the DCA strategy is more better cause it allows an investor to be consistent. Bitcoin is the most reliable digital currency for investment disregarding it for others is more risky.

[Fiasem20]

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

Is the current economic crisis affecting your investment journey?you can continue to invest in bitcoin as long as you’re not viewing it as a competition among other big investors.Once you develop that mentality you would honestly lose interest in meeting up with your accumulation journey no matter the current state of the economy.So I would recommend you invest according to your financial capacity and definitely you’ll grow a decent portfolio over time,then again bitcoin wasn’t only created for the high income earners even as a low income earner you can still invest in bitcoin with your discretionary income and having an emergency fund would help prolong your holdings to your desired target.

[Agathamay]

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

Omo I no know your surrounding conditions but trust me, I no believe say 100k monthly salary fit carry person for this country we dey so except you dey earn this money while living with your parents and them still dey feed you and even still dey responsible for you else for a country where person dey pay rent, get to feed himself, pay utility bills and the rest, I no believe say 100k salary fit carry talk more of trying to squeeze out something for investment because at the end of the day, you go need that investment savings to save you which no be Wetin chore investors dey do.
If you ask me, I go tell you say make you use that money dey improve yourself and seek more better digital skills wey go improve your life and finance rather than trying to invest now because I believe say by the time, you better yourself, you go get more better opportunities wey go fetch you more money and more better investment options.

[CryptopreneurBrainboss]

Since you're a low income earner starting gradually is not a bad idea, you can be investing 5% of your income for a start then with time you can increase it when you have more source of income, it’s not easy but if you're determined to do it, you can.

Never be in a rush to invest in Bitcoin if you don't have a stable income and even though what you have is somehow enough, I'll advice you get other side hustle to help out as you always need extra funds to be able to hodl Bitcoin without been concerned about what's is happening with the market. Instead of trying to squeeze cash out of your current job, get multiple jobs and make use of the earning gotten from those jobs to invest in Bitcoin. Capitalize on your youthful age save as much to invest with your new jobs and you'll see the difference as you get to maintain a good lifestyle while still being able to invest appropriately in Bitcoin.

[Sammysmart001]

Never be in a rush to invest in Bitcoin if you don't have a stable income and even though what you have is somehow enough, I'll advice you get other side hustle to help out as you always need extra funds to be able to hodl Bitcoin without been concerned about what's is happening with the market. Instead of trying to squeeze cash out of your current job, get multiple jobs and make use of the earning gotten from those jobs to invest in Bitcoin. Capitalize on your youthful age save as much to invest with your new jobs and you'll see the difference as you get to maintain a good lifestyle while still being able to invest appropriately in Bitcoin.

I do agree with this very point of not rushing into Bitcoin when you know that income is not stable yet, abd again having to notice that our target or focus shouldn’t be on much we are capable of investing. But rather your target should be on how we can improve on our income so that their won’t be a pressure from our basic need that will want to affect ur investment.

[Mate2237]

First you have to know that holding when it comes to bitcoin investment,  is a decision that you have to make because its never an easy one any day  especially for the low income earners you are talking about.  If you decide within yourself that you are going to hold your bitcoin on the long term then you can do it, because bitcoin investment also has to do with your emotions and psychological state as an individual.  This is the reason why investors and most especially newcomers to bitcoin is strongly advised to prepare themselves for what ever that they see. Because bitcoin is a volatile which has made it very difficult to predict its movements.


Bit as for your questions,  as to whether if low income earners can hold bitcoin   is think that it's very possible.  The reason is that bitcoin investment has to do with you managing finances.  Financial management comes to play,  you have to look at how you can can manage finances try as much as possible,  to remove money that you will you in sustaining or running your family from money that you wants to use in investing.  The Role of discretionary funds is very important when it comes to bitcoin investment,  especially for the low income earners.