Topic: If you can't Invest in Bitcoin, buy assets (Read 304 times)

Interesting points, its pertinent to know that bitcoin isn't the only valuable asset currently and for me I don't believe in throwing all my eggs into one basket. In as much as I'm holding, I'm also investing into agriculture and as the reading season is drawing closer, I've started thinking of maximizing the season by investing in fishermen, helping the acquire enough fishing nets, so I can be having my share of their proceeds from every fishing activity.

Truth be told, with the situation of the country now, there's ample opportunities to thrive in any small profitable venture you engage in, reason being that there are lesser competition now ass its only the strong hearted and wise ones that engage in profitable ventures now. Things are so difficult that most people have lost their capitals. If the yours now, you might even be enjoying monopoly or slim competitions.

I have a very contradicting view from what you saying OP, we all should be aware that what remains constant is change. Nigeria years back was actually in a good state and we moved from bad to worst and are very much likely to return back into a much better state, we keep the positivity going, if we can invest aside Bitcoin it should not not be just any goods but some specific assets like land, real estate and some commodities.

Their are also seasoned goods in the country that we can invest into, profits is in a shorter time frame like the palm oil and so many.

Op you mean buying to store for a long period and them sell, I might have a problem with that because, the price of things in the market changes,  the old products tend to reduce in price while the new ones start with high price. Aside from what we are experiencing with the dollar/Naira increase. The normal price of the old stuff tend to reduce, you can clearly see this from gadgets and cars. To me buying now and storing for a lengthy period like the 5 years you mentioned is too much. Considering how desperate the government are in making the dollar to naira rate come down, some with that kind of business idea could end up in loss after he has bought for a high price and then things start getting better and the hike of price of product decreases to the normal.

who are you buying Bitcoin? Is it just people are telling you to do so or it's basically because you want to make profit out of it.

Buying Bitcoin and holding for the four year interval is good and I'm not suggesting it's not but you should also know that it's not good to put all our eggs in one basket and that's the reason we might consider another form of investment that we can run to if in times of emergency or that can even help us invest more into our Bitcoin.

Let's assume you invested into real estate and you have houses you've given out for rent, don't you know that ymif you're accumulating Bitcoin with the DCA strategy, it's even easy to collect your rent on a monthly bases during which you can use like 50% of the money to buy Bitcoin and keep the rest for your upkeep and other impromptu activity?

I think no need to buy other assets. While Bitcoin into your grip you can buy this and hold for 4-10 years... It can return you a lot.

We know that the situation in the country now is somehow difficult especially when it comes to price of commodities and goods whereas the things we bought sometime again are worth more than that now, so truly is a great opportunity as a man who is business oriented person to take advantage of the market and follow the trend but however one thing you most know is that there is every probability that things will not always remain this way, although it is believed that in the country whenever a price of commodities go higher it is very difficult to come down but we shouldn't always feel that things will remain the same, so right now what is coursing the high price of commodities in the country is because of the Economic unstablity, so I believe that a time will come and the system will stablize, so perhaps someone should be very careful while taking advantage of buying commodities with the believe that you will make a huge money in a month or a year to come because you could be cut off on the process were all the goods you purchased at the price of 50k will reduce to 10k, so as a business man you should always be mindful of the possible disadvantages because in terms of market fluctuations anything is possible.

I use tell people that with the way things are going in this country, if anyone is hoping that things will come down it's really a big joke because even if the price of things reduces, it will not go back to the initial price it was before the price went up so anyone that have sense now will know that acquiring and asset now is very important because as years goes by that is how those assets is increasing in value such that in future, even if you want to resell it you will make some huge profit.

The economic hardship in the country we have times without number blamed it on the politicians that are in charge of the allocation of resources (don't get me wrong about what I want to say, am no way exonerating them either on this) but imagine where all the marketers/businesses men/women have now without conscience are poised to make  an extra 3 times gain of whatever item they are selling out there

and to them they fill it's an opportunity to make profit thereby causing an artificial economic hardship that could be avoided if all decides to make at least a 10-15% gain in whatever items they are selling. But because the institutions responsible for price control has failed in it's duties the market men and women has jump on the crude opportunity to pillage the people forgotten that what goes around comes around.

Days ago, a fellow Nigeria was complaining on X about his ordeal with a sachet water seller that took the opportunity of his car breaking down along the Lagos mainland bridge due to overheating, and he called on the sachet water seller to  get him about 10 sachet of water thereabout so he could pour into his radiator (engine cooling)  the young lad sold each sachet for #50 which was not supposed to be so but the car owner had no option but to buy at that price due to his state at the moment (and this is same in all other commodities). Now the young lad will go home feeling he had made a profitable business for the day but that's bad and exploitative business.

This is exactly the nature of things now in the country,  the prices of alot of goods and services are outrageously inflated by the business men and women when the actual price has gone anywhere near what they are selling at, and we all keep blaming the government when we are our problem in the first place. This is all greed. On the other hand I blame the government because they are failing on their mandate to judiciously enforce the legitimate coercive use of force through it's appropriate price regulatory agency in all of these happenings.

I don't know or understand anymore where we're going again. Only time will tell.

If asset were to buy, the assets I will sudjest is land. La d I a volatile asset that doesn't depreciate so easily. Buying of landed property like house if your money can afford it. Apart from buying of property building of house for rentage is a best and retirement project that will last you upto you old age. Lets take for example building materials are very expensive nowadays and those that build there houses when building materials are cheaper now have more advantage over the newly built houses. Because both of them are charging thesame amount of rent to tenant. The more new houses becomes  expensive the more the old houses becomes expensive too. there is no difference so house is another asset to acquire.

Thanks comrade for your understanding some has become so blind with crypto forgetting that they can't compare online investment to physical investment like real estate I do inve BTC am proudly a BTC investor but that doesn't mean that I can invest in any other assets more like real estate....

Choice of business will always be different. I don't see any reason why such person should tackle you since this is just an opinion. Diversification is one of the key to a successful businessman. Sharing one investment between online and offline business isn't a bad idea. The main thing is just for profit to be made.

Sure I have said earlier here that real estate is Avery good business everyone should also look into but a comrade in the building actually attacks me why I should come here to talk about real estate.........

Really real estate is a good damn business that every entrepreneur should get involved in it doesn't decay or depreciate rather is appreciate every given year it might not be so fast in appreciation but I must tell you that's one of the business right now apart from bitcoin investment

Real estate business is really nice and is something that every entrepreneur or business man that wants to make it should think of and that's why it's always advisable to start up something different or actually diversify your investment to actually get good balance to where your incomes flows. Having different incomes flows and investment is probably the best idea for any successful person and many persons fail to access this secret and know the importance that comes with this.

Yeah it goes both ways, in as much as we can gain, we Ls9 can lose too, so before you take that risk always measure it potentials and to see what the future demands of such good are, but over all waht the ops is saying is very correct because I have witnessed this three days back when I went  market to have a replacement of something I bought 4 months back, and to my amazement the price of same thing have increased almost 2x within that short period of time and I was already at gain just by keeping the product untempared for that period of time.

The way the market force's is moving in this country, sometimes it makes me believe that, things only increase in price a d never decrease even it the global market have a drop, the Nigeria market is unregulated and no price control so for sure market people set prices at will without any consideration.

This is what I wanted to say. Before one invest in any project you have to know the kind of project you are interested in and that is you have to know the project want to invest because you can't just invest in a project that is not worth investing for. And it will s not all the assets nare good to invest with. There are some asset that you invest and you will lose enough from it. But if one must invest and as I said it is good to start when things are low in price. It you invest in this period then you are preparing to low more and if your are investing in bitcoin at this time of the bull market then you have to wait for another five years to come.

A better definition of what kind of asset to buy instead of BTC would have helped buttress our OP's point in total.
An asset should be an investment that increases in value over time. It most times isn't as affordable as buying few Satoshis and DCAing till almost a decade as stated.

Unless one intends to buy gold or silver or NFTs or real estate assets that can be resold for much value in the future, anyone investing in a startup or following through with a business idea should expect to make loss and that's why it is advised by most, to accumulate funds by DCAing BTC and then withdraw or liquidate and invest in the business idea that has been lingering.

Investing must not only be bitcoin,  their are other profitable investment that one can go into. When it comes to investment it is good to diversify, apart from bitcoin their are good investment to go into. Their are other physical investment to go after, it must not be cryptocurrency only. Everybody must no invest in cryptocurrency,  their are also good physical investment.

Mate investing in an asset aside Bitcoin is good but one thing you need to know is that everyone does not understand what aset is all about, some people value to be seeing their money in figure wether in the bank or Bitcoin but these same people don't like the idea of investing in any other money-making ventures, it takes a business minded person to understand the importance of investing in long term asset that's capable of generating profit as time goes by, op your points and emphasis are very accurate but people will still find it difficult to follow this path even though they have the money to do so

It is beneficial to invest in real estate because it generates profits, but unlike cryptocurrency, you cannot predict what will happen in the next five years, so do not expect anything to increase every time. All real assets are increasing because the country's economy is not doing well right now, and I am confident that when things and some foodstuffs come down for the country, everything will decrease, and you may lose when your things no longer have much value anymore.

If things fall apart, there will be enough for everyone, including land and other assets. So don't think that because things have become more expensive over the last five years, he will not change. That is why, for me it is better to focus on crypto because he does not have anything like losing value that will cause people not to buy it every day. Bitcoin is volatile up and down, but people continue to buy it because they believe they will be profitable at any time.

Op this your logic is good but it might fail if good government come on board. Because assuming you buy your assets in this time when things very high and a good government come on board and reduce the price of goods and services then you plan of making money is blocked so when you dey advise people, make you have to know, plan and also think the possible outcome of all the cardinal points of the business. And that is where the risk is always come to play. As you are buying at the time of the high cost and if things didn't work out the way you want them you have to bear the list. As it is we don't know what will happen in the coming year. If Tinubu change his mind all those people that invest in this year and thinking that next thing will go up for them to sell their assets might be disappointed.

Instead buy the dip and sell in the All Time High even in the physical assets.