Quote from: Marvelockg on May 17, 2025, 05:05:15 AM

Quote from: IjawMan on May 15, 2025, 11:19:01 PM

My advise naw na say, why no dedicate the next 10 years of your life the buy accumulate bitcoin with the small small money you feat the buy with. No look at the price be it up or down onto say the ship sailing na onto 10 years so currently price no get concern you till that 10 years to come. Or you feat do am 8 years which is in two bitcoin circles. Your financial life get bigger chance of changing for the better in the future to that quick hustle you the find money from.

For you to successfully invest in bitcoin for a period of ten years, you can't be a middle class individual. You must be above the middle class before you can actually succeed at that because bitcoin investment takes an high level of dedication and discipline.

You self reason am na, if you're earning 200k as a Nigerian, how much can you afford to use for bitcoin investment? Let's say 20k per month. What's the equivalent of 20k in dollar? It's not more than $12 per month. How many average person in Nigeria earns up to 200k and with the inflation that we are facing, if you take out the 20k, how effective can the remaining 180k be? At the end, we are at a serious disadvantage as Nigerian investors that plans on investing for the long run because a lot of variables are literally not in our favour. But then, if you're disciplined enough, you're going to get the expected result in the long run.

Discipline and a strong conviction is very essential when it comes to bitcoin investment and having a high risk tolerance because without this an investor can not succeed in the crypto space so as a Nigeria investor, the nature of our currency is not it at all however it doesn't mean a Nigerian investor is at disadvantage the opportunities in the crypto space is open for everyone irrespective of the country where the person is from and the nature of there currency.