Topic: Easy to say but hard to make it real in the future. - page 2. (Read 497 times)

i don solve d problem with small money I make from  BTC but am not too happy about d price I take sell because my mind na $100k I dey wait make d price reach before I go sell. Who no whether d problem for put me to police cell because I dey fear police cell well well assume I no sell d BTC, infant am very happy dat I solved d problem without 2 ear hear the matter for our compound. no, I'm not afraid of $30k because I no say d price go reach $100k or $90k be4 d end of 2025 which was my worry wen I was about to sell d BTC in d market, because many researchers has advise holders to do everything possible to maintain deir holding till d price reach $100k.

I know you are afraid if you sell your Bitcoin now it might go up to $30k in the next 2 months. Mate, if you have a problem and you think only selling your Bitcoin holding will solve the problem for you go ahead and sell it to sort yourself out, and do not borrow money when you have an alternative. It is never too late for you to buy another bitcoin before the next bitcoin halve will start. Remember
say na who dy life go sell bitcoin when e reach $100k next year o. Those who held Bitcoin for 7-8 years have understood Bitcoin fundamentals deeply so temporary price drops do not scare them into selling low. Investing with the DCA strategy has helped them to reduce the effects of volatility. Also, they don't depend on the Bitcoin investment they made to survive, they have other means of earning money in real life.   

Dis matter wey you wan solve dey straight forward becus anyone who wan to buy and hold bitcoin for longer time need to get another way of getting money and go dey use the money solve some issue that need to be solve. If you truly want to hold Bitcoin you need to cut down your expenses in other to achieve your desirable

Na matured advice na im you give di OP, because na who de alive and wey no get high blood pressure, na im go live to enjoy return on investment. Di reason why we de invest in bitcoin or any oda businesses na to make profit and conveniently spend am on our future needs. Aldo we fit plan say make our bitcoin investment accrue plenty profit before we go sell am, but e get di kind emergency need wey fit happen and wey go require urgent money to solve am. In dat kind  scenerio, if no oda possible means de to raise di money, di wisest thing na to sell dat your bitcoin sharpaly to solve di important and urgent matter.

Aldo I feel say to borrow no bad if person get a reliable source of income to repay back, so far say wetin im wan use di money do de reasonable, unless say im no get hope of repayment Diafo you e no de necessary to touch your bitcoin investment, wey you never plan to sell, to sell am and solve problem, when you get alternative to raise from oda sources, including borrowing. To sell di bitcoin solve problem suppose be a last option wen oda means no work.

When you have money invested in Bitcoin, it is not supposed to make you suffer. That is why people often say, only invest money you can afford to lose, money you can afford to risk, and money you won't need for several years until you reach your goal. I am aware that people earn differently and are wealthier than one another. What I can invest for a long time cannot be the same as what my neighbour can do because we do not earn the same amount or have the same personal issue that requires money to be resolved.

The greatest thing you can do is sell your Bitcoin and utilise the money earned to solve your problem. Only a healthy and steady individual can stay in bitcoin to watch their assets develop; a distressed or weak individual cannot. At the very least, you haven't lost any money because you purchased at a cheaper price than this. Simply take care of your finances and plan accordingly how to invest it, even if it is little by little, rather than pouring everything into it and then withdrawing part to deal with personal problems.

As the Bitcoin investment d so, no go invest what you can't bargained for, all because sae you d aim to make millions out of your investment for bitcoin(you go know how much you go invest for bitcoin before em go give you some millions). When you get such mindset, there's a possibility that you go fit invest with the amount you can't afford to lose and that one go big issue give you when your intention of investing in bitcoin no work as you planned or take too long to come to fulfillment. Bitcoin investment is supposed to be done small small, as you spare money d come your hand so.

Another thing be sae, most of us wey be bitcoin investors d aim to make big profits out of my investment for bitcoin someday but we d invest on bitcoin with our spare money, have some other savings and not fully dependent on bitcoin since the idea na for long term purposes.

OP investing for bitcoin na for the future and you have every right to sell it whenever you pleases without minding what your neighbor will think of you. The crypto market is open for peso to buy or sell bitcoin anytime em feel like

My advice be sae, no you do pass yourself when it comes for bitcoin investment. Have a side hustle that will be yielding you returns and invest with spare money cos this bearish market go fit be a long one wey go fit keep bitcoin fluctuating between the price of $25k-$35k to the end of the year.

Anyway, no body like to beg or borrow when them get, if at all say you invest upto 5 million when the price been dey for $20k I believe say naw way e done reach $25k plus you done make better profits, although say the economy of our country no balance to the way you go fit use your profits do better things but if at all your profit go go a long way for you if you use am Wella. Well, no be only you be the first person way sell im coins because of say no money, as you take talk, I belive say if you get cash you for no sell your coins, but as e Don be, e done be, no reason am, as long as say you no withdraw everything from your asset, live small and when you letter get money buy more because we get faith say Bitcoin go rise Wella.
Actually, everybody get problem, whether you get money or not, you get problem and that one nai make we dey call am life, but the thing way dey there be say if you get better job way they give you money constantly and the money dey fit reach you and your families feed, I believe say you go fit overcome plenty problems and nai make plenty investor dey hold their coin when them no dey sell am, and even you self the OP of this thread, if you dey in that good position you go still encounter problems too.

In as much as we are trying to accumulate btc and expecting it to skyrocket, also bear it in mind that life is too short. No body knows his end point. Death might be knocking at one's gate while expecting high. When it's hard, you  sell but not all. Sell what you can afford to buy not selling entirely.

And mean while dont starve to buy Bitcoin. Bitcoin should be accumulated when you have extra cash on you just like profit. I was made to know from this forum that in as much as we investing Bitcoin, we should do other mini jobs to be backing up the Bitcoin potfolio.. not just depending on Bitcoin future and become less concerned of other hustle. Otherwise you will end up withdrawing it.

You should sell some of your Bitcoin and start a business that yeiled you money to support your crypto journey or dream. Example>>(1) car for bolts.(2) Pig 🐖 farming (3) poultry farming (4)pos business or restaurant. Maybe profit made can be used to assist your Bitcoin journey.

Dem talk say dun put plenty people for problems wey dem no expect, no go dey follow wetin dem talk take dey live your own life but do wetin go workout for your. Wetin happen to you na wetin dey happen to many people wey invest inside bitcoin and wetin dey cause am na lack of planning wey dem no get. When you dey invest inside Bitcoin, no go pack all ur money take dey invest or you go see urself for this kind situation few months later. When you wan invest inside bitcoin, time your money well. Keep savings one side and also keep vex money wey you go use Incase things no go as you plan dem and that spare wey remain na wetin you go invest. I know say dem say make you invest before you spend or chop but for crypto here because of how volatile wey d market be, e better you no go carry all your money take do investment.


Invest only money wey you no go reason for a very long time na the only wey to reach this target wey you dey find so because when you invest only money wey you no go even know say e dey for investment, you go fit forget about am for Bitcoin until e grow fit give you better turnup. Make I use this example give you, make I say you dey chop #100k monthly for salary, you fit dey invest #10k monthly for Bitcoin. You see dat 10k wey you dey invest, you no go reason am because na chicken change for your salary and when you do am for 12 months you dun invest 120k so and you go get cash to handle other challenges wey come your side but you see person wey dey chop #100k go invest #50k  or even more just because him wan chop quick money, na dat kind person go enter this your situationship. Dey invest only your spare money and you no go enter this problem again.

It is not that they don't have issues to solve,we all have problems to solve bit for one to be able to hold for long,you must have prepared yourself towards that goal and one must have a consistent income or other means of income.

This is because you are not following the rules of bitcoin investment, which says invest in a long term,like in four years or more and only use the money that you can afford to lose to invest so that you wouldn't worry about your investment or depend on it. From what you said,I can see it that you invested in a short time and you  are using the money made for important thing to invest or you don't have a steady cash inflow that is making you to go back and sell your investment without achieving your bitcoin price target.


Only use money that you can afford to lose and have patient with your investment because you need to invest in a long term. Get a job,if you don't have one. And if you already have then it isn't OK,you should look for a second means of income to make it two sources.

You should sell your bitcoin if you are broke,so that you can use it to take good care of your family and hope to re-invest again with a prepared mind.

Omo my candid advise to you is to sell your bitcoin and resolve whatever issue you have to fix. Na only person wey get peace of mind fit accumulate and hold bitcoin o. Besides, e nor go make sense say you dey near river and thirst wan kee you.

Bitcoin isn;t going away. Infact, I predict that it would be easier for you to accumulate more bitcoin than the first time. For example, aside DCA, you could take advantage of some of the small tasks that you are required to perform on the forum for rewards. The are others too.

Las las you go dey alright.

To make profit on top hodling btc , you go need to hodl a long time and that usually go be for halving circle. Bitcoin dey always bull when halving don happen then after sometime the price go begin appreciate.

Bitcoin matter na wetin concern patients, Dem no dey rush am if you want to get that kind of profit but wetin you go also know be say the thing fit don reach highest (ATH) and you no go know, na so e go begin drop and that one mean say e don dey your hand be that oo.

I don't think I will miss this opportunity when the price finally hit $100k next year or next two years because, the price of BTC will surely drop down for people to use the opportunity to buy again and continue waiting for that happy day to come to make a cool money from the investment. I will try my best to make sure there will not be an issues that will make me to sell my BTC before the bull will start in that 2024, and I need to prepare myself very well this time to save some money I will use to solve issues in case there is because we don't pray for issues to come.

The future would always hold the best you don't have to gamble with your now if I must say.
Your scenero is indeed a point of contact why venturing on a diversified investments is necessary.
I feel two things on your scenero. It is either you had yourself a too much "high target" or you only relied your source of income at one. But I can say to you that if you have bought a BTC at $20K and was expecting to resell at $100K but later sold at $25K, you didn't lost at least you made a profit of $5K. Depending on your nature of financial issues if not you can reinvest with some of this money realized else you are doomed to your financial independency.
Besides, if you as an Investor has many in stock with a higher level of demands, it is wise to sell out in such quantity despites the lower interests with your thoughts of restocking.
The market places doesn't always goes as expected at times as the goal is a make very high rate of interests but better you gain w little than you lost it or even lost to your capitals.

Issues to solve is inevitable to all human beings, and as such that doesn't mean those who had invested in Bitcoin for more that 7 to 8years don't have issues to solved, but it only mean that those people understood the principle of investing than ordinary newbies who to some borrow money to invest in Bitcoin or invest their life savings with little or no knowledge knowing how the scheme works. Because if you have been conversant with crypto/investment forum thread, I'm sure you might have come across where people say "Invest an amount you can always afford to lose" or "invest an amount you won't be in need for over a period of time"

It is better to sell your bitcoin if you are in need of money. Just be hopeful for a better future. You can not have money and be borrowing.

Do not expect all-time-high before halving. All-time-high would be after halving. It will not occur immediately, it would be some months after halving. Expect it in 2024/2025.

You can still sell some of your coins, use it for what you want to use it for than to be begging or borrowing. You can start to buying it again using NCA.

I promise myself that I will hold my coins till the price of BTC reach $100k before I will think of releasing the coins to the market to make some millions, but over one year and some months now the price don't want to reach $70k or $100k, and I feel like selling the coins to solve some issues in this current price $25k so that my neighbors will not laugh at me and my family because, I hat begging people to borrow money to solve problems than to use what I have at the moment to solve it. Well, if I sell the BTC now I will not regret because I bought the BTC when the price was $20k last year, and if I sell now at least I have little profits to make to solve the problem because there will surely be another bear to buy and hold again. I was told that some people have been holding BTC over 7 or 8 years for the price of BTC to reach a particular price of their choice before they can sell, does it mean they don't have issues to solve by selling their BTC? Or they have other way to get the money to solve the issues without selling their BTC? because it hard me to hold long like one year when there are some important things to buy.
Not that I don't make profits when I hold, but to hold for that particular price to come to pass is the major challenge to me, can you share your idea on how to make it real in the future for that your target price to come to pass, so that people that are facing the same problem like me will learn.