Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Hodling your savings in naira na total loss.
by
abaeze
on 20/07/2025, 19:40:35 UTC
⭐ Merited by Igebotz (2)
It is a very sad fact that this is the reality. Now, to get rid of this, one must have a long-term plan. 30% drop in the value of the Naira every year means devaluing the currency, so to avoid this loss, everyone must have a long-term plan and Bitcoin can be a ray of hope for long-term planning. If someone follows a specific strategy from now on and saves 20% or 25% of their income in Naira every month in a stable coin (such as USDT), then the real value of their Naira will be preserved and later they can buy BTC with it and if they save in this way for the long term, where the bank is losing 30% in five years, by depositing 30% through the DCA strategy, after 5 years, the portfolio will be ---


NOTE: Bitcoin price can increase and decrease over time

This has been done by keeping the value of BTC fixed, but the value of BTC will definitely increase in five years and it may be that its value will increase to one million, then think about your wallet. So, without wasting time, we should buy and hold BTC effectively for the long term right now.