Topic: If you can't Invest in Bitcoin, buy assets - page 2. (Read 291 times)

Compared to the last 5 years, the price of most of the goods has increased by 100%, the current government may be largely responsible for this. In the current context, it seems that the price of all things will double in the next 5 years.
Now we have to think what should be done, how to live in accordance with the income.

Need to increase income...Now coming to the forum we discussed..yes..I am talking about Bitcoin, how can we use Bitcoin?

We can save some dollars from now, if bitcoins can be held..on a weekly or monthly basis it will be very helpful for the future. Even future generations can get successful life through the bitcoin. Because you should be see from 2009 to till today it's growth of price.

OP from what you said, I was thinking you would give specifics on what you mean by, "there is so much we can make out of the consistent increase in the prices of major goods" I was waiting to see the kind of analysis that you will give that will either justify the overbearing inflation we are currently witnessing and the opportunities that comes with it, but I didn't see any of such.

What your analysis is consistent double figure increase on good's and services in the next five years, believe you me when that time comes the value to which your expecting will drop because inflation might have eaten deep into your capital and leaving you with a small profit margin.  The truth is that, inflation does no one any good if you think you're an opportunist with the aim to make profit from it.

Yes I agree with you considering the fact when there is an increase in price of goods and services in our country it never comes down this is what we are known for and is more like a culture and customs of our people, those who are interested in selling commodities as an investment can actually take advantage of the present prevailing circumstances is such a nice advice from the op but above all it has to do with a proper and adequate planning and self confidence in order to be successful.

Well said mate, the thing is that the general public are blind to all these kinds of opportunities and it takes someone who is actually long sited to know these common things that will eventually bring them profits. I had a friend who is so upset about the raging cost of things anytime he gets to restock his goods and I sometimes wonder why he who is already in the field of business can be so short sited, some days earlier we had a discussion and it was in his face that I blantanly told him about the mistakes and fuckups that he has been doing that is always pissing me off and also gave him some insight about actually getting an asset and how valuable it will profit him in the near future because he already has the funds to do so but its just the vision that is missing.

I was expecting you'd find someone else to be blamed for the hike of goods and services bringing hardship to the country if we're not supposed to hold the government responsible for that according to how you must said it.
Business opportunity would always stir at us but only the lucrative ideology minds could figure it out but certainly not beholding when price of goods goes beyond expectations.
So what about if the money taken to the market was supposed to be for household items like foodstuffs, do you still have to appreciate the situation and divert it to investing in the future when there's hungry in town? Of course not.
And what about if you purchases the goods and get it stocked in such period of 5 years and the product runs out of expirations due to time limitations? I guess you'd count it all lost.

The only survival in this scenario is going blind and purchase your bitcoin ignoring rumours and the current economy situation as either inflation or deinflations. Bitcoin would always give you that dividend of income in as much you keep holding and on nomatter the high purchase amount you bought it.
This is just why it's said that bitcoin does not have a fixed specific accumulating periods and so you could just buy and hodl while the market brings forth increments in values. Just matter of time.

I'm not suggesting we should be happy whenever things gets too expensive in the market and I'm totally against anyone that tries to use such increase in price to over inflate the price of goods. What I'm talking about is investing in real assets that's known to have a consistent increase in it price overtime.  I don't see anything selfish about ceasing certain opportunities to our advantage, isn't that what business is all about? Because of how valueless our Naira is in the global stage, most person prefer to save their money in dollar so they wouldn't be at a disadvantage. It doesn't mean that they are less patriotic or that they don't want the value of the naira to gain above it current state, it's just a normal business strategy to always cease opportunities that will profit you in the long run. When Bitcoin was low in value, those that understood that it was going to climb above it previous value bought as much as they could and they are currently in profit and that's good enough.


maybe I made use of a wrong choice of word. What I meant by bounty is more like flourishing, productive or something like that.

Initially when I saw the topic I thought you wanted to talk about asset like land, house, gold and many more , what you are actually saying is that we should hold our money in goods, so that as long as it keeps increasing in value, our money keeps on increasing, but you have to know that if the economy stabilized, and things go back as normal, you are actually going to run loss, to me, I prefer investing my money on something that gives me guarantee that I won't run loss on the long run, something like gold, diamond, land and real estate, if you have the financial
 power, and why can't I invest in Bitcoin? It's only someone that is uninformed or misinformed that wouldn't invest in Bitcoin if he has the financial power to do so.

Does that mean, that we should be happy when the price of things constantly increase in the market? For all I know, what ever goods you are selling or what ever business you are into, an increase in price in the general market will also make you spend more than you used to while purchasing your goods.  Most time, the problem of our country is we the people. Just last 2weeks here, the price of a water bag went up to 500naira. Traders saw this as a way of making profits for them self. Selling one sachet for 50 naira(here in my area). This I think it's unfair because if you are to buy from factory as a trader fr maybe 400 or 350 then you are selling a sachet for 50naira that means you mean to make profit of 500 back that's over gain and not right. We shouldn't see the condition of the country as a means to be smart as we will all suffer the consequences. If you notice in This country, what goes up doesn't come down.


I really dont get this part of your thread. Do you mean bounty or business? If it's business, yea an average Nigerian should have more than one source of income due to the condition of our economy. Bitcoin still is the best investment online but you should as usual, diversify your investment to reach a wider range of profit in the long run.

This is such a good advise, but to me i see it as a short term opportunity because the market price in the country are being inflated due to the poor economy practice by the government as the USD exchange rate over naira is gaining momentum, but if we should invest and then naira begin to gain value over USD then you're probably going to run a loss, if you invest in bitcoin, this has nothing to do with the current exchange rate but the value of the bitcoin market price, what i can can only advise in this is to invest on physical asset with local currencies and hold your foreign currency in bitcoin, for now, you may not need to exchange bitcoin to fiat to invest on buying any of those materials, instead, hodl your asset in bitcoin because we are on the bullrun season.

When you go to the market to discover that a material that was sold for 50k last three months is now valued at 120k, what comes to your mind? The normal thing is to shout and point accusing fingers at our leaders and how bad the economy has become but do you know that you've walked into an investment opportunity and never knew or saw it?

If you're a good business person that knows how to read the times and study the market, there is so much you can make out of this consistent increase in the price of major goods in this country.

In this country, any real asset you buy today will be at least five times it current value in the next five years and if you think I'm wrong you can take yourself five years backwards and look at the prices of so many common stuffs like roofing zincs, cement, phones, all building material, lands and even normal vehicles.

As we set out part of our resource into Bitcoin investments, let's not close our eyes to the bounty opportunity that's available for us  to possibly invest into that will certainly yield a good amount of profit for us in five or ten years to come.