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

Holding coin isn't that easy and it's somehow challenging in this country especially with the present situation of this country. Almost everyone is with one or two financial issue to solve. Even the movement of the market sometimes can prompt you to sell. Imagine when you buy at $40k and the price move to $65k after some months, in the next month you now experience a dip to around $38k. If one doesn't have strong determination, he/she may sell out with any next move above his/her purchased price especially when he/she has a financial issue to solve. He/she says to himself/herself "let me sell at this price and will rebuy at dip anytime it goes down beyond this price" But this doesn't work out this way in most cases. Things one needs to overcome this is:

1. Strong self determination: This is the greatest key here. If you are determined then you will never think of your coin as an alternative to solve any problem.
2. Avoid holding your potential coin in an exchange: Holding in an exchange is more like a temptation to sell. I could remember lately when I need some fund to solve an issue. I decided to sell part of my BTC but the high charging fee to transfer to exchange discouraged me. So I look for the money in an alternative way. Exchange enable you to sell your coin easily within a few minute.
3. Avoid checking your wallet everyday: Checking wallet everytime or everyday will make you put mind that you have money somewhere. Treat your potential coin like a fixed deposit in bank. Since you set a target already, just forget you don't have assess to it until the fixed time.

This is what I do to avoid selling my potential coin and I believe this should help you out as well. Learn to keep your BTC today as most potential holders of BTC often make more profit.

Lolz many people have made that promise but at the end they sell it off and use the money to settle some cases. Oh yes as you said, E dey easy to talk am but to keep di promise nai be the wahala e dey ground so..and no be only you dey experience am. Many. Me wey I tok say I no go touch my coins for a vet long time, omen I no know when I touched am and now di coins dem e don dey matiate go down. But the goal you set sef e big oh. For bitcoin go reach $100k no be here oh. Though we dey close now but e still far small.

That is the best decision considering the situation at the moment because you cannot be investing and continue to sleep with hunger. But the greatest mistake that the OP made was to make a proper preparation before embarking on the journey of long-term investment. If he/she has another source of income, he/she will definitely profit and achieve his aim now that bitcoin is 69k to 70k. That is why the best way to do long-term investing is to keep a good strategy. 

But it is based on economics that he/she will be encouraged to continue borrowing the money as long as the money he/she will be borrowing does not exceed the limit. It will be the best since he has already put it as his project, so the main focus is not the borrowing of the money but achieving the aim, and if we go with that, then he/she will definitely achieve that aim. Buy now because the rate of bitcoin is high. That is the power of hard work and the power of money. 

I wonder why someone will not make a proper preparation for funds to use and sustain other needs of life while they are holding and it is very bad to have money stocked in an investment and suffering even to the extent of borrowing money, though it takes determination and resilience to hodl when you don't have much money or a reliable source of income that is why it is advisable for anyone that wants to hold their Bitcoin for a long term to have proper source of cash in-flow so that they don't tamper with their holdings. Imagine selling at that price of $25k and now that the price is around $69k the difference is very clear. So since we are aware that more profits can be achieved in the long run it is better to have a steady source of income before hodling.

You dey right,na him make so many persons dey avoid to invest,rather,dem dey do another thing wey no be Investment.Na true say everybody dey like talk say once him invest,him money go come in the nearest future,but when e go reach that time,the coin fit end up dissappointing which sometimes,e fit cause mental breakdown to you if you no strong.The only people wey fit deal with this investment thing na people wey don zero their mind say anything wey wan happen,make e happen go fit make investments,and sleep well,rather,na wetin go make sleep comot for your eye for midnights.I dey cut cap for people wey dey trade,and dey make regular profit because I know say e no easy atall.

Op, I don't know how much you invested, as that will determined how much profit you will make, just like you said you invested when Bitcoin was $20k and as of the time you posted this thread Bitcoin was $25k to me it's a great profit if you have invested with good amount of money. However, sometimes you must not wait for 7 or 10 years before you will pull out your money, you have an issue fine, that issue you have is it that pressing, is it worth it these are the question you need to ask yourself because if it's not worth I will advice you leave your investment to keep growing unless say you be this type of people wey there body dey tortori them when dey see profit for their investment. You asking for advice on how to hold your coin for long period of time this one na something wey you suppose teach yourself no be to go ask people.

Op our decision on selling our coins for family issues was really a nice one because na person wey dey alive na him go fit do Bitcoin investment because you can't hold Bitcoin while your house is on fire because the main reason why will dey always do investment is for betterment of the future and for us to be alive and look at after our investment our health is more important than our investment because once you no take good care of yourself and at end something happen you will see that people will laugh at you.

Op wetin you do dey right,I no fit get moni con go borrow moni,things are not done that way.The thing be say if u wan go into any investment bitcoin to be precise,first make sure you dey financial stable or even if you no dey financial make sure you dey receive cash flow from other source of income in order not to intrude your investment goals.Those people wey dey hold for 5-6 years they were prepared.But since you say you make profit of $25k it's okay because the sole aim of every investment na to make more profits.

Op for me investing and holding is very good mostly when one has a target but the target should not override your life and good health because is only who is alive that will enjoy investment. From your challenges once life has gotten to the stage of begging before you eat it's no longer encouraging, though one must pass through pains to achieve in life but since the investment has yielded some profit it's most preferable to sell parts and use it strategically on something that can be of daily sustainable income and plan to buy back when at dip from the one you sell it will give you what to take and encouraging your next investment to the targeted period of time.

Bitcoin have failed to meet up the total all round analysis of pro traders in the market. We have been doing exceptionally well in the system, understands how to comprehend the system and making good streams for profit flowing in and out. You can be patient but at the same time, thoroughly monitored yours Stop Loss because it's one of the options that most traders prevent from happening. This will results in  portfolio liquidation and it will rule out the top goals.

It's a good thing you even have an investment to look forward to, but am sure that it's because your mind is there, that's why your family issues are compounding, so much so that you can just take the easy way out, and that's to withdraw or cash out your investment prematurely inorder to meet these needs.
Am quite certain that when you do infact withdraw the investment you have kept for long now, it would be hard to do it again.

The best advice is to find a source of income that can meet your needs for now so you don't dip your hands into the funds, you can also decide to withdraw some of it, not all, to solve the most important needs. In addition, diversifying your portfolio to trade shitcoins could help secure profits immediately, that's if you do know how to trade or have great friends or a good broker who is a professional in this regard.

You are lucky to have an investment that you will use to solve your challenges. I cannot encourage you to borrow or beg when you have the means to address the situation yourself, borrowing or begging will be embarrassing. I understand your worried is to meet up with your target, your goal is to achieve $100k so that you can make a lot of profits before you start releasing your bitcoin.
Since you already know that begging or borrowing will disappoint you, so I think the $5k you made isn't a bad profit. Instead, sell it and start making plans for the future. DCA strategy will cover you to meet up again.

However, make sure you have a backup source of income so that you won't have to rely on your Bitcoin investment in the event of problems because long-term investors typically make more profits than short-term ones.
If you are investing, you have to take your eyes off of it and prevent anything that may distract you during the process, such as borrowing money to invest and always invest what you can afford to lose.
Investors who have been holding bitcoin for more than a year also have challenges to deal with, just like you do. However, from what I've observed, most investors look for ways to make money so they can use it to handle problems as they come up, without having to touch their bitcoin investment, which is how you make it to last for a long time investment.

Na true talk u talk so, na person wey dey alive dey think about tomorrow, just as u talk, e get as problem go hit person, person no go get choice than to use e life savings carry solve that problem if not person fit die because of the problem and make we no dey use big eye dey kill ourselves because say things no dey go as we plan, forgetting say everything wey dey happen for life na God permission, if e no permit, our effort na e vain, so mk we dey do things dey also get alternative incase one disappoint, although e dey easy to say something and e also dey easy to make am mk e happen but na just because say we no dey control of ourselves, something's wey we dey talk and e dey happen just like that, na just because say e dey online with God own, na e mk we dey always pray mk e will be done in our life, so make we plan today and leave tomorrow mk tomorrow plan itself.

Getting familiar to what you are investing on should be the first thing an investor should do. Crypto generally isn't for the children and the lazy type. Although it may be a way for one to make it in life if done right. At the same time it may lead to the opposite side. How you want crypto to work for you depend on your attitude towards it. Investing in crypto because you hear people investing in it isn't a right decision. Your knowledge about it should come first and will help you alot in achieving success.

Wetin u talk na true, na just the best option, because Bitcoin no be wetin person fit predict, but before person go say e won become investor mk e first know the risks about the stuff because it requires a lot of patience and e dey very good to control ur emotions should incase person encounter lost and also to know the timing that is time wey u fit withdraw or invest because person fit comot,  wen the coin still rise or vice versa etc. so e dey very essential to know about BTC first.

It's really possible my guy say people dey hodl their BTC for that long, because it's not compulsory say person gats to own a whole full 1 BTC, before it could be regarded as such, because even if na mBTC (i.e 0.001BTC), and you can hodl it for 4 to 5 years, it's still something

I don't think there is any statistics to show how long a BTC have been hodl before releasing back to the market, but even if it's still 0.1% of the total Bitcoin in circulation, then that means it's still something.

Yes, na true talk you just talk so my guy, because one thing I always believe be say as long as there is life, there is hope, and for that reason, for the fact that you want to make millions from next bull run don't mean you should ignore solving pressing issues affecting you and your family,  as there is always an opportunity for those who don't give up in this life.

@Gozie51, no talk ooo, as e be so, e get plenty investors way done hold their coins for that long, although I never see, some investors done hold their coins until then get watin them want before them sell, abi you never see some people way if them they serious for something nothing go stop them until them achieve their goal?
Well, everybody no be the say, no mean say wating you no fit do, another person no go fit do am also, although, the economy they very hard but some people way they do better jobs and them they receive N900,000 to million naira every month, those set of people fit hold their coins for long because their own problems no be wating them go chop or clothes way them go buy.
Some of this common men, the things way they make them to sell their coins nah food to chop and shelter no they, but if them get better job all those things no go be their problems and them go fit hold their coins for long period of time, hope say you get my point?

How are we sure say some people dey hodl their btc for that long? Even if there people who hodl that long, na how many percent of people? Moreover no be individuals wey still dey find wetin dem go eat dey try that. Most hodlers for that long na institutions, big boys like Elon musk dem and that level of people wey no need money for anything but you wey need money, abeg sell your coins take solve your problem except no be pressing need after all you buy am for profit and if you don already make profit den you no dey lose . However, na bull run dey come so, e depends on your neeed.

Na who there alive dey there keep coin's, and they said a man proposed but God disposed, so you too don't aspect that the problems will come on top of your head right now, and since problems have come and you don't have any alternative to solve the issues, it is for you to take what you have, because no one can hide the food in the present of hunger. Since you bort Bitcoin at a rate of $20k, and now Bitcoin is currently trading at $27k, at least you make a profit.

Bitcoin price is not permanent and e dey go up dey come down so wetin I wan make una understand for the price of bitcoin is that the price of bitcoin dey falls when investors no come in for the matter, op if you wan keep your bitcoin make the thing increase the wey you want is okay, but the thing is that some people wey dey keep their coin dey make better profit in time coming but some people no dey talk am out when dey make profit for long stay of holding coin until bull market meet am

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.