Topic: If you can't Invest in Bitcoin, buy assets (Read 312 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.

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.