This would have been a good comment here but the user decided to use it as message in pm. And it is worth reading by others. He understand my point of the thread. Btcdeybodi you are just making comments to complete your weekly quota and I thought as a fellow citizen, you would understand my view point. I didn't create this thread because I am a Nigerian but because I am an investor and I know what is it in the area of investing. You can read the pm I got today. Probably he is not a Nigerian but he understand bitcoin investment. Anyone who is not an American saying fiat has nothing to do with bitcoin investment is not a good investor. We don't use bitcoin to buy things in our country and we also don't use dollar to buy things in the country but the local currency we used.
You make a great point—investing in Bitcoin isn’t just about price action, but also local currency exchange rates. Many people overlook how fiat devaluation impacts their actual profits when converting BTC back to local money.
Nigeria is a perfect example: those who held BTC when NGN was 150 per USD made massive gains, not just from Bitcoin's rise, but also from the dollar's appreciation against their currency. But now, with NGN potentially stabilizing or even strengthening, new investors might not see the same easy profits unless BTC itself keeps rising.
This raises an important question: Should people in high-inflation countries hold BTC as a hedge, or does fiat volatility make it too risky?
Btcdeybodi can you read the above text?