Quote from: Jibdeen on September 09, 2024, 02:17:24 PM

he has almost 3 bitcoins ans he plan to hold it till 2030 because he got it from a friend in 2014 at that time he had 4 ,wen bitcoin break he then sold 1 and invested in a real business to keep up with life so as to hold the remaining 3 ,but because of this current economic the real business was not able to sustain him he had to sell some of the bitcoin he planned to hold to be able to cope with this current situation

anybody when hold up to 3 BTC for this our Nija economy na block boy the person be oh. I know say holding Bitcoin make sense but when you hold up to that amount of Bitcoin your friend get so eh, the best thing when him supposed do na him he do so. Sell part to use gain better ground through establishing of business and from that business you fit still de buy more Bitcoin. You know say for this our Nija side like this when things get as e take be, if you get one Bitcoin like that and e come be say na since 2014 you don de hold am, you don already make majority of your profit finish and nothing de wrong to use part of am start small business regardless of the current economic condition. Check out na, if we assume say him still get up to 3 BTC like you take talk am and only wants to sell one of them while still holding the remaining two, you know wetin e go come out for our Naira? E de nothing less than N92M for this our currency oh. Person when get that amount of money as an initial capital for any business no supposed follow complain about the bad economy because with that amount of money, if you don't waste it, you will never run broke again.

Quote from: Jibdeen on September 09, 2024, 02:17:24 PM

Doing a long time investment might be hard in this current economic situation if you don't have a side hustle that can sustain you during this time,so it mandatory to have a side hustle before deciding to hold a bitcoin for a long time
so btt members how has this current economic situation affect you , share your experience.

normally for the average Bitcoin investor that plans holding for the long term, e de deficult to fit do am well with this current economic condition and high cost of living when de choke like wetin no good. For you to fit buy Bitcoin, you no need be government worker or anyone when de earn locally from an average paying job that's below N200k, if you fall in any of those category, just know say nothing come out for your side be that because that money no go even do you to use take care of your needs not to talk of investing in Bitcoin. The bad economy na better hindrance to current investors and even the once when de plan to start thier investment journey.