Post
Topic
Board Nigeria (Naija)
Re: Hope yah still accumulating and holding.
by
Promocodeudo
on 13/06/2024, 16:52:44 UTC
though our government ain't encouraging us by banning p2p from exchanges, but still we are going to still find away to keep surviving in this Crypto space.

One things is for sure, what the government didn’t build, it can’t destroy it. They will only try to regulate it and find ways to make it unsuitable for the masses to use. The government will only support and accept what they feel they can benefit from greatly. I am not expecting the government to accept bitcoin as a tradable asset, they will only regulate it and look for ways they can also benefit from it through tax.

Quote
I was so happy the other day when I saw a man addressing students about cryptocurrencies how they can earn through various ways in cryptocurrencies by doing airdrops and some other related stuff. So this shows that cryptocurrencies will keep growing and getting the awareness they deserved, so now accumulate as much as you can (Bitcoin), and keep hodl , for the upcoming bull run.

No one need to the told again or keep reiterating the fact that this is the best time to buy and stack as many bitcoin as you can. With what is envisioned for bitcoin at bull run by experts, we are still at the early stage and when you take advantage of this moment, you’ll be glad you bought more now. The upcoming bull run is still yet to happen and the expected date for it is still under speculation, so with the uncertainty of the actual event time, it is better to keep buying to enjoy maximum benefits when the time comes.

holding of bitcoin is good when you have other source of finance. But if you're a trader it will be hard for you to hold a coin, because its your only source of revenue. Sonits advisable to have other means of funds for enable you to hold much coin as you want.


Having other source of income in order for one to be able to hold Bitcoin for long is correct but some people due have other source of income yet they don't hold their coin for long term and the only reason I see why people do that it's because they don't actually understand how Bitcoin works or maybe they don't want to touch the money they  have not knowing that if they really want to enjoy Bitcoin it is advisable to hold it for a long period of time.

One thing about Bitcoin is that one don't need to have huge amount of money or to be rich before thinking of investing in Bitcoin Nahhh Bitcoin is one of the investment one can easily invest on , that's why we have various methods of accumulating Bitcoin, either lump-summing or by one of the most common means DCA method. This is highly recommended to those who don't have enough money to purchase quantities of bitcoin once. So instead of  purchasing it once they will just start buying gradually with a fix amount of money either monthly or weekly, without it leading to any financial situation and stuff.

So one just need to have the principles and some amount of money to start accumulating and holding Bitcoin.

Yea, we must have all the money in the world before having the mindset of acquiring Bitcoin asset, this is the most interesting aspect of Bitcoin, in as much as Bitcoin has avails itself for interested investors, the investment plans has been made so easy that everyone can chose the plan that them, what every interested investor need is just a minor or basic knowledge on how to buy and store in their wallet, and monetary should be a problem as far as an individual can afford atleast $1 then he or she is good to go, henceforth what such investor should be doing is to continuously maintain his or her investment plan or even increase as time goes on, with this idea one can invest without listening to distractions, for me investment is a decision, once you decide with that little fund, accumulating in the process wouldn't be a problem.