Ninjastic
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Scraped on 20/07/2025, 20:00:45 UTC
Since this year Naira don experience some stability but I no gotgo still advice anybody to save money for Naira.To keep money for fixed deposit na waste of time because the interest dey lower than inflation rate. The money you fit keep for Naira na the one you want use for monthly or weekly expenses. The best thing na to invest your Naira for any asset wey fit serve as hedge against inflation such as gold and, Bitcoin,  real estate, etc.

Quote from: abaeze on July 20, 2025, 07:40:35 PM
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 ---
Your advice make sense well well but you feel say USDT dey safe. No forget say this stablecoins dey centralized and we no dey sure how financially strong the firm wey dey issue am dey. I for even advice say opening domiciliary account and dey change your Naira to physical dollars fit dey safer.
Original archived Re: Hodling your savings in naira na total loss.
Scraped on 20/07/2025, 19:56:01 UTC
Since this year Naira don experience some stability but I no got still advice anybody to save money for Naira.To keep money for fixed deposit na waste of time because the interest dey lower than inflation rate. The money you fit keep for Naira na the one you want use for monthly or weekly expenses. The best thing na to invest your Naira for any asset wey fit serve as hedge against inflation such as gold and Bitcoin.

Quote from: abaeze on July 20, 2025, 07:40:35 PM
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 ---
Your advice make sense well well but you feel say USDT dey safe. No forget say this stablecoins dey centralized and we no dey sure how financially strong the firm wey dey issue am dey. I for even advice say opening domiciliary account and dey change your Naira to physical dollars fit dey safer.