Topic: The best way to invest in Bitcoin (Read 202 times)

Alternatively you can purchase your Bitcoin with a one-on-one dealer which means you are not buying on the exchanges where it would align you and a Centralized banking system.

Perhaps... You can make your make your Bitcoin ordered with your bank as a buyer while the trader as a seller funds your Bitcoin wallet without any centralize linkage of tie wallet and your bank.

Get experience about investing before investing in Bitcoin easily. Remember that success in nothing can be achieved without experience, be it physical labor or investing in cryptocurrency. Investing in any method will become easier for you once you master the basics of investing and become experienced We consider the DCA method to be the easiest way to invest in Bitcoin, however, to invest in this method you need to have a basic understanding of Bitcoin investing. This isThe basic idea of method investing is that when you buy bitcoins for investment, you set a specific entry price for it.

Normally watin you talk nah the legit mater, if person no get any means to make money em no go fit invest for Bitcoin for long term and short term either. So watin I gets tell the OP be say, every successful investors of Bitcoin get source/s of income, and many of them no depend on only one source of income.

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OP watin the topic talk and the content of this your post no match because normally as the topic talk this
I expect you to tell us small about the best and easy way for somebody to invest on Bitcoin.
Well, for me I go like share small with you about the best method to use invest for Bitcoin.

• DCA Method:

This nah one of the best method way you go fit use buy Bitcoin daily, weekly or monthly (depending on how you take dey get your money).

• LUMP Sum:

This nah another method way you go fit also use buy Bitcoin too, although this method nah mostly for pipo wey dey get huge money ones in a while.

• DIP:

And this one nah another strategy wey you fit use to dey invest in Bitcoin also. Although, even pipo wey dey buy Bitcoin with DCA method still dey buy more Bitcoin during the DIP, because Bitcoin dey dip most times and nah opportunity wey many investors dey also dey wait for.

So how do one invest in Bitcoin easily

Op you messed up the good title thread. In this Nigeria you are asking someone to linked up his or her bank account to Bitcoin and buying Bitcoin from there? I don't think anyone can do that. The best way to buy Bitcoin is the p2p. Which has no stress. You pay the person and the person and the coins straight to your self custodial wallet. But if you used exchange to buy Bitcoin you will still double spend to send it back to your non custodial wallet.

Use p2p if you know someone who is selling coins.that is the best way to buy. Even if you use DCA, you will still send them to you storage wallet.

if you're keen to go through what OP is trying to pass across, it's one that suggest that Bitcoin investments is one that's independent of a third party interference but deals more on your personal decision and that you alone remains at the centre of the decision you've made to buy Bitcoin, and that you can on your own just create an account with an exchange and do all the process that leads to the buying of Bitcoin all by yourself without necessarily needing a third party intervention. I guess that's the reason why he concluded by saying that bitcoin is a dependent investment whicn is more like one that depends upon itself unlike the real estate that will take you accross ministries and government institution for so many signings and a lot of process.

This is a typical example that shows that it's not always about what you intend saying that matters but more about how well you're able to present it In manner that the third party comprehends it and gets the message you're passing. The local board even allows the use of pidgin English should communicating in normal English become a problem to you. In addition, you don't really need to make things too complex before people will understand what you're trying to say. As simple as a few line of statement, you should have passed your point In a way that will easily sink in to the Readers.

You are absolutely right @CryptopreneurBrainboss I think if am not mistaking the Main reason of the thread is to talk about the best way to invest in Bitcoin, and the op leave what his is supposed to say about how we can invest in Bitcoin and divert to another thing which is very wrong. However just as you have said earlier I think we should always be mindful of threads we are creating in this our local board, although nobody is perfect but at least we should always try as much as possible to do the right thing.

The title of your thread is different from what you wrote in the thread; it shouldn’t be like that. You mention the best way to invest in bitcoin, and there is not any strategy that you mention here that will be a guide for newbies like you. 


As long as you are Nigerian, we all know that this is the only method we can use to purchase our bitcoin through the reliable exchanges that are well known, so I don’t think this is new to people in this LB as we all Know about it. If you want to create a thread, the best thing for you is to be knowledgeable about what you want to talk about because now you put a title writing the best to invest in bitcoin, and inside your content you are giving where we can buy bitcoin. I think you are still a newcomer if you don’t understand something you need to ask. 

Your opinion is valid, more especially for those people who join this crypto game recently you need to invest with the amount you know say you fit afford even if you experience lose in the market, so that we no go too reason am. no be to go invest with all your savings probably when you come lose the money you come dey feel depressed, e no dey good that is why as a beginner in this crypto space you need to take am very easy, make sure say you don get all the necessary information about how bitcoin investment works before you go think of to invest in bulk.

First off, I just want to tell you that Bitcoin investment is not gambling or trading that involves luck to succeed from it, when you're talking about luck in Cryptocurrency then you're referring to trading. Maybe you don't really understand the concept of Bitcoin investment that's why you think it involves luck and maybe your reason for that statement is due to Volatility but you should understand that it's the nature of Bitcoin and if you invest over time using good methods then you don't need to be lucky cause you'll definitely make profits. Talking about good methods of Bitcoin investment, have you heard about the Dollar Cost Average (DCA method) if you have then you shouldn't had made such statement cause whether rich or poor the DCA method gives investors opportunity to buy and hold Bitcoin periodically in their Portfolio and the good thing about this strategy is that volatility is not a barrier because an investor can buy both during the dip and upsurge at different intervals with an amount they could keep up with periodically. Also you would've made more research before choosing your choice of tipic because it contradicts your content.

I couldn’t have a special point in the content of your post because from the topic of the post and the content you are saying different things entirely because I don’t see any form of connectivity that bitcoin investment had with real estate. Although from what you write it clearly shows that you barely know much about Bitcoin and how it works, the best for you is to go and understand more about it because your post is not making sense. Furthermore, we all know that for you to buy a coin, you have to look for a centralised exchange that still has p2p so that you can change your naira to USDT in order for you to be able to purchase bitcoin, and mind you, in bitcoin, you have to work with your brain, not just focus on buying bitcoin that you know you cannot afford to lose.

Investing in Bitcoin can be a reliable investment if you use it properly. Before investing you should properly consider every criteria like having a reliable income system and whether you are ready to deposit bitcoins regularly through disposable income. Yes this is your initial step then you need to be strategic to continue depositing bitcoins for long term so that you can be a successful holder. You should build an investment backup fund from the discretionary income so that you can run a regular Bitcoin deposit without withdrawing the investment in case of emergency.

Bitcoin investment can definitely be a positive and profitable investment for you but you need to run the deposit through long term DCA method and the mindset of completing multiple cycles above all continuous deposit strategy.

Bitcoin investment growth na money go determine if your bitcoin investment progress or not aside strategy, when money dey it’s more easy for anyone to invest dca, lump sum either aggressively.

Dependent? If talking about diversification it’s understandable because an investor can decide to diversify their investment personally going for other investment. Bitcoin investment is standing alone without any support na the major reason you see the market dey rise despite a decline, I sha no understand if you say dependent since bitcoin dey different from other crypto rather na those coins dey depend on bitcoin market mostly bull season.

How? Where you dey get this your own information from. When Bitcoin begin dey work hand in hand with other assets? You started the thread talking about the best way to invest in Bitcoin yet you no give any better examples.

I hope say you know say you dey Nigeria and here you can't buy Bitcoin directly with your bank account yet because e no dey allow for Nigeria. Na only P2P you fit they use buy Bitcoin either from centralized exchanges wey still they offer am or from local merchants

Make we dey try they start thread wey make sense and write wetin person go fit contribute to and not all this unnecessary things.

According to the post title I come the find  for the post where you put the best way to invest in bitcoin but I no come see am shaa na just about investment the op the discuss not giving exactly what the best  way to invest come be.

Me I just believe say the first best way to take carry for mind on any investment whether bitcoin, or any cryptocurrency na to make sure to invest the amount wey you no go cry if you lose am, no matter the strategy you chose to apply in your investment. Na so it just be.

Mbok, throw more light on what you actually mean by this statement about bitcoin investment entirely depending on ones own taste. Are you talking about bitcoin in preferences or what exactly?

Tokenization has further broaden the scope of bitcoin investment and has also helped it further increase its pool of value when making it associated with real life assets, before now when it was all about the coin, transactional usage and the block chain benefits, it felt it wasn't real enough but seeing real estate collaborations and other projects around the pool of bit coin asseting, it makes it much more relatable and reasonable to venture into with huge amounts and still not make a deal of it.

before now pipo dey reason say na only to just dey trade and in best the coin dem fit dey use bitcoin do but as dem com dey see new style say many bsuinsess don dey adopt bitcoin and e com dey applicable to real life assets well e com dey make some pipo now come dey wan put body becaus dem don get sometin wey dem dey use join am put body, like d real estate mata na d one wey many pipo na dey run and say dem fit use am for many oda form o f payments pass as dem bin dey do before based on say many pipo don dey accep tam now dem com dey c am as store of value.

Bitcoin investors are in luck, because buying Bitcoin is a lot easier than you think. You join a bitcoin exchange to buy bitcoins, then open a wallet and link the wallet to a bank account to place an order to buy bitcoins, then invest the bitcoins.
But I think bitcoin investment depends entirely on your taste, for example bitcoin investment depends on your mindset, taste, risk tolerance and your bitcoin investment strategy depends on your financial signs. Step by step you will become a full-time investor if you can consider your signs with your own intelligence and decide what you want to achieve.

As you may know, Bitcoin as an investment vehicle in its own right can exceed its investment level. Bitcoin works hand in hand with some of the best assets of today. Real estate that is known as "tokenization".
So I think Bitcoin investment is a dependent investment!