Post
Topic
Board Nigeria (Naija)
Re: Advice on finances for the festive season
by
Promocodeudo
on 26/12/2024, 06:23:30 UTC
I have always advice people to plan their investment to cover for personal needs and also some other emergency needs such as a season like we have now. Through proper planning, there will be no need for the investor to sell bitcoin for this kind of holiday unless the investment was made separately for such and different from those kept for long term HODL. This is not bad in my opinion because there are people who save fiat for holidays and if someone can save fiat for holidays, then bitcoin can also be saved for the holidays.

Buddy I agree to what you said to an extent, people have personal plans for their Bitcoin holdings but be it as it may, Bitcoin is for a long-term as such no matter how things are being twisted, long-term should be a priority of any bitcoiner, anyone planing his or her holiday or whatsoever with Bitcoin is misprioritizing the concept of Bitcoin, you don't plan with such asset in a short-term, such should be done in a long-term and when embracing Bitcoin, there shoild be a very calculative plan in other not to see your holdings as a an alternative to solve whatever emergency you've, Buddy if we want to save or hodl Fiat for holiday thats fine because after all we will definitely be needing fiat during the holidays but as for bitcoin being hodl for holidays I don't find that accurate though you were just giving your opinion based on the option left for whosoever is involved to choose from, I totally concur that planning should be taken seriously by an indivaidual whose plan in bitcoin investment is for a long-term.