The current situation of the economic is affecting bitcoiners alot even though the exchange rate is high but the inflation on foodstuffs affect bitcoiner in many way but what i want to focus on is ;
The inflation affect people doing a long time investment in bitcoin -
This inflation has made many investors sell some of their coin in order to survive this current economic ,i had this experience with my friend 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.so something needs to be done if not the effect might increase and if something is not done it will be hard to hold a bitcoin in the nearest future.
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, na wetin suppose happen be that so, e no easy for any bitcoiners to just hodl their assets for long time this period expect say you get many streams of income wey be say you no go touch your Bitcoin, since it's the surest way of becoming rich be that.
No joy for this economy no be play, and e con be say na the time wey all the coins dey show red for the crypto market, na on God every body dey look on, if not man go don die of hunger.
Bitcoin holders will do what he expected and he is likely to become very rich in at least 2 cycles. This can mainly be done through long-term DCA and a strong determination to accumulate Bitcoins alongside daily household expenses. In order not to touch bitcoins you should strive for a backup fund such as putting aside a portion every week from discretionary income so that the investment can be managed successfully in the long term.
Your financial success depends on coordinating every effort to keep the holdings intact as well as future financial independence.