Do not sell your coin unless you're already in profit and want ape out and ape into something later.
OP how did you come about your conclusion without any TA report? How did you know Bitcoin is dipping soon?
Do not sell your coin unless you're already in profit and want ape out and ape into something later.
OP how did you come about your conclusion without any TA report? How did you know Bitcoin is dipping soon?
Sir from my research, it has been estimated that bitcoin halving will take place from on the 20th of april, 2024.
Some people go say dis one na nonsense, me I dey hold my bitcoin for the All Time High after the halving that so dat I go sell make big profit. E go shock you when dollar go down well well. When bitcoin was $70+k and $1 was equal NGN1,800, di profit from am was very big and that di same bitcoin unit you been getting at dat time wey gave di big amount, e no go dey big again because dollar e don come down and di more dollar dey come down di more your investment sef dey come down. So the best way to do is to sell 50% of your investment now and when bitcoin come down again then you go fit buy am and from dat investment you go make profit because just like you dey start from new investment dollar rate.
In the late and the early part of February and March I sold 0.04 bitcoin and I got NGN4,800,400.89 but today that di same bitcoin unit of 0.04 is equal to NGN3,697,325.05. Bitcoin investment is just calculation and well plan. If you understand the market then you are good to go. Use this opportunity before it too late. Dollar is depreciating. The more naira appreciate the more you lose your value of the bitcoin. If naira hit $1 = NGN500 and Bitcoin price might hit $100+k and you sell your coins at that time, your Profit will be very small because naira by then will be #500. So now that naira is still NGN1,400 as today exchange market rate is the best time to sell and keep. Just check this 0.04 bitcoin price in the next few months to come when the naira finally hit #500.
(https://www.talkimg.com/images/2024/03/20/JLncT.jpeg)
Yes bitcoin price will go up but if naira it hit #500 you will lose. But if you sell now and buy again when the price of bitcoin come down again, you lose nothing but good gain. What do you think about that. Remember this is not FOMO but it is a calculated move in the industry.
Do not sell your coin unless you're already in profit and want ape out and ape into something later.It is just suggestion and also it is just a calculative move. There are two factors you have to consider in this period. The depreciation of dollar and the appreciation of the Naira. And I have given the full detail in the Op.
OP how did you come about your conclusion without any TA report? How did you know Bitcoin is dipping soon?
OP, this is a personal choice just like you have come up with your own strategy on your bitcoin investment is the same way other investors have plans on how to go about their bitcoin investment. It is not everybody that plans to sell and take profit, some are going till 10 years time. I believe that you must have made a good amount of profit for selling too quick, in the name of Naira appreciating. Every investor ha e their targeted time to take profit.This is not a strategy please go and reread the Op well. This is not even by choice but it is just a calculative move. I don't want to repeat myself and I will not. Let it be the way you want it. And don't forget if you don't understand the Op, this thread has nothing to do with bitcoin go and reread again. This thread has nothing to do with bitcoin but it is base on dollar and naira your bitcoin you have is measured with naira but not dollar. The matter you save, keep and hodle bitcoin, you will still come back to naira and that is when you will understand this thread. I have done justice in the Op and those who have hear let dem hear. It is not by force but it is a calculative move and you lose nothing and instead you buy more of you follow this approach.
@agbe please clarify if my interpretation of your post is correct - lets say I sell 0.04 btc at $70k for $2,800 and then wait till the price drops to lets say $62k, then you'll be able to buy back 0.04516 BTC with the amount you sold meaning you just gained 0.00516 BTC and this will give you more profits if you are a long-term holder.
One +karma for you for the nice contribution to knowledge. Thanks for the explanation and let me just add small thing to it As smartGold01 has said, there are other factors I added to the Op and I tok say, Now dat di naira still dey NGN1,300 for $1 it the best time to sell 50% of your holding so in case the naira appreciate to $1 to NGN150 you will not lose and when bitcoin goes down , you can still buy again and add more bitcoins to your portfolio so you are always on the winning side of the investment. But if you say you wants to keep it in the wallet till the all time high. Remember naira will not be in this level for forever.@agbe please clarify if my interpretation of your post is correct - lets say I sell 0.04 btc at $70k for $2,800 and then wait till the price drops to lets say $62k, then you'll be able to buy back 0.04516 BTC with the amount you sold meaning you just gained 0.00516 BTC and this will give you more profits if you are a long-term holder.
Yeah you are correct from my own view, although this can be classified as scalping and anyone who is not active to monitor the market might missed this trend and especially the newbies who doesn't know how the market works or how the bull run swings overtime. I know we might see more blood bath before halving so, anyone who can't endure to hold his coin can actually sell but when patient till bull they will enjoy holding back their coin till fully.
Dollar will definitely depreciate and once it does then you money will also reduce when you sell your bitcoin to naira. Example. If you sell 0.001 bitcoin now, it will give you NGN94,500. And when price nod dollar depreciate and finally naira hit NGN,500 the 0.001 bitcoin that you get as NGN94,500 will reduce to NGN30k to NGN40K. And that was why I said sell 50% of your investment now and use it or buy when the price goes down in bitcoin and if naira goes down you lose nothing. This is win win plan. Which I have already practicing it. And it sweet me for belle.There is no win to win plan about this because you can not predict the price of bitcoin in short term while the price is still going higher in long term in a way that naira, dollar and other fiat holders will not lose in long term than bitcoin holders. If you have nothing to do with your money in long term, why not just hold during bull run period and not sell. Some people will prefer to trade but while doing it, they will see themselves losing than holding. I mean swing traders in this regard.
Well right now people have started crying out that the drop of dollar and the appropriating of naira is affecting their bitcoin hodling. And last week it affects me badly. I just thank God that I have sold my 50% out before the naira appreciate. In this industry everyone with their own calculation and prediction. Like early last month if someone was having 0.033 and that would be equal to NGN 3.6+ millions but now it NGN2.6+ millions and now that Naira is still above 1k and when naira go finally hit NGN500 how the 0.033 matter go be? That is one of the most important calculation in this industry. Smart finger eat big. But no be by force. One can hodle till 2030. But remember we are not using dollar to buy things in the market.Dollar will definitely depreciate and once it does then you money will also reduce when you sell your bitcoin to naira. Example. If you sell 0.001 bitcoin now, it will give you NGN94,500. And when price nod dollar depreciate and finally naira hit NGN,500 the 0.001 bitcoin that you get as NGN94,500 will reduce to NGN30k to NGN40K. And that was why I said sell 50% of your investment now and use it or buy when the price goes down in bitcoin and if naira goes down you lose nothing. This is win win plan. Which I have already practicing it. And it sweet me for belle.There is no win to win plan about this because you can not predict the price of bitcoin in short term while the price is still going higher in long term in a way that naira, dollar and other fiat holders will not lose in long term than bitcoin holders. If you have nothing to do with your money in long term, why not just hold during bull run period and not sell. Some people will prefer to trade but while doing it, they will see themselves losing than holding. I mean swing traders in this regard.
Do not sell your coin unless you're already in profit and want ape out and ape into something later.There is a strange frequency that money possesses, and I am sure that others have experienced it. Any investor who decides to just sell the bitcoins they have even when they have not yet made enough profit may regret it. It is possible that the moment you will make withdrawal, some other problems will rise up and spring up that will demand some financial requirements to solve, and because there is cash at hand, you may make the decision to now invest back lesser than you intended. That is a risk.
Many people are losing money daily because of the drastic drop of dollar.and the appreciating of the naira. As I said we no dey use dollar in our market but naira so if dollar low and naira then you bitcoin value will also reduce. And you have to know that our naira high is $1 to NGN500 or below. Now when you have 0.004 when dollar was #1900 and you sell you bitcoin it would come out with big amount but when the dollar come down #500 then your bitcoin when you sell am go come down well well. So now that Naira still dey #1200+ make we think well.Do not sell your coin unless you're already in profit and want ape out and ape into something later.There is a strange frequency that money possesses, and I am sure that others have experienced it. Any investor who decides to just sell the bitcoins they have even when they have not yet made enough profit may regret it. It is possible that the moment you will make withdrawal, some other problems will rise up and spring up that will demand some financial requirements to solve, and because there is cash at hand, you may make the decision to now invest back lesser than you intended. That is a risk.
This is what I have been saying in this thread and this is the purpose of this thread. I created this thread to inform all the cryptocurrency investors in the forum so that they will be aware of what will happened in the future. Me I don dey see weti go happen and I thank God that I sold a number at that time before this naira appreciation. But today naira don appreciate again but that doesn't mean say him no go come down again, him go come down so even now too if you can sell, sell. Though we don enter di halving. But you can still restrategize your plans again. Since we have not enter the dip in the halving. You can still do it. You can read di Op to know more.Make I update this thread with dis news.The picture is self explanatory.(https://www.talkimg.com/images/2024/04/21/jiMPW.jpeg)
This is what I have been saying in this thread and this is the purpose of this thread. I created this thread to inform all the cryptocurrency investors in the forum so that they will be aware of what will happened in the future. Me I don dey see weti go happen and I thank God that I sold a number at that time before this naira appreciation. But today naira don appreciate again but that doesn't mean say him no go come down again, him go come down so even now too if you can sell, sell. Though we don enter di halving. But you can still restrategize your plans again. Since we have not enter the dip in the halving. You can still do it. You can read di Op to know more.See ehh all the asset doesn't remain stable for instance dollar to NGN always changes in prices differences like one going against one or the other going against the other. but as trader or investment you wouldn't panicked to sell of your digital asset since because you believe that Naira gonna fall so hard and then you decided to push off your holdings. This doesn't make sense at all for one day, if you think you could be left behind then its better to just hold dollars and forget about NGN.
Me personally I don loss 1.7 millions naira as di naira appreciate and di dollar go down. Although e no pain me because the value in Bitcoin is still intact. But only reduce in Naira and I want dollar to reduce well.well to even #150 to $1 if him go dey possible. So dat if you get some money you go fit use buy plenty things. I prefer dollar going down. And di lucky I get be say when di naira reached #190, I sold plenty bitcoin so I still make profit from di investment. I don't support holding dollar because it is not our National Currency and it affecting our commodities.This is what I have been saying in this thread and this is the purpose of this thread. I created this thread to inform all the cryptocurrency investors in the forum so that they will be aware of what will happened in the future. Me I don dey see weti go happen and I thank God that I sold a number at that time before this naira appreciation. But today naira don appreciate again but that doesn't mean say him no go come down again, him go come down so even now too if you can sell, sell. Though we don enter di halving. But you can still restrategize your plans again. Since we have not enter the dip in the halving. You can still do it. You can read di Op to know more.See ehh all the asset doesn't remain stable for instance dollar to NGN always changes in prices differences like one going against one or the other going against the other. but as trader or investment you wouldn't panicked to sell of your digital asset since because you believe that Naira gonna fall so hard and then you decided to push off your holdings. This doesn't make sense at all for one day, if you think you could be left behind then its better to just hold dollars and forget about NGN.
Well whichever way I still value's it because even though the said dollar reduces it won't reflects on the price of things in the country because we always knows our country a nation that beats the law of gravity.Me personally I don loss 1.7 millions naira as di naira appreciate and di dollar go down. Although e no pain me because the value in Bitcoin is still intact. But only reduce in Naira and I want dollar to reduce well.well to even #150 to $1 if him go dey possible. So dat if you get some money you go fit use buy plenty things. I prefer dollar going down. And di lucky I get be say when di naira reached #190, I sold plenty bitcoin so I still make profit from di investment. I don't support holding dollar because it is not our National Currency and it affecting our commodities.This is what I have been saying in this thread and this is the purpose of this thread. I created this thread to inform all the cryptocurrency investors in the forum so that they will be aware of what will happened in the future. Me I don dey see weti go happen and I thank God that I sold a number at that time before this naira appreciation. But today naira don appreciate again but that doesn't mean say him no go come down again, him go come down so even now too if you can sell, sell. Though we don enter di halving. But you can still restrategize your plans again. Since we have not enter the dip in the halving. You can still do it. You can read di Op to know more.See ehh all the asset doesn't remain stable for instance dollar to NGN always changes in prices differences like one going against one or the other going against the other. but as trader or investment you wouldn't panicked to sell of your digital asset since because you believe that Naira gonna fall so hard and then you decided to push off your holdings. This doesn't make sense at all for one day, if you think you could be left behind then its better to just hold dollars and forget about NGN.
Well whichever way I still value's it because even though the said dollar reduces it won't reflects on the price of things in the country because we always knows our country a nation that beats the law of gravity.We have to understand that there are two things that are controlling the prices of commodities in the country and na dollar be di number one and fuel na di number two so when dollar don come down what about fuel because marketers (business people) go go market to buy something with high transport fee with settling police so when dem come back they have to sell di things higher to cover their cost and expenses. And I believed say na because of this things are still on the high side. And I don't think things will still come down because di government efforts is 1% to bring down the cost of things.
Meaning whatever goes up doesn't come down any longer so, we need to be very mindful with the kind of choice we are making for dollar to reduce to whatever amount we wish to. Our major target should be when dollar reduces then the price of commodity should reduce immediately the we can see how import it's for the price of dollar to reduce, not when dollar would reduce to 1k and yet price of things sold for 1k is still the same when it was 1.9k, this makes no sense.
If the price of dollar drops, then the price of fuel should also drop because the fuel that we are using is been imported to another country for refining before it is sent back and na dollar dealings. I just see some underground manipulation in the dollar market by the government to make sure that dollar price is down, and that is why the Naira appreciating over dollar does not have any significant impact in the local market.Well whichever way I still value's it because even though the said dollar reduces it won't reflects on the price of things in the country because we always knows our country a nation that beats the law of gravity.We have to understand that there are two things that are controlling the prices of commodities in the country and na dollar be di number one and fuel na di number two so when dollar don come down what about fuel because marketers (business people) go go market to buy something with high transport fee with settling police so when dem come back they have to sell di things higher to cover their cost and expenses. And I believed say na because of this things are still on the high side. And I don't think things will still come down because di government efforts is 1% to bring down the cost of things.
Meaning whatever goes up doesn't come down any longer so, we need to be very mindful with the kind of choice we are making for dollar to reduce to whatever amount we wish to. Our major target should be when dollar reduces then the price of commodity should reduce immediately the we can see how import it's for the price of dollar to reduce, not when dollar would reduce to 1k and yet price of things sold for 1k is still the same when it was 1.9k, this makes no sense.
If the price of dollar drops, then the price of fuel should also drop because the fuel that we are using is been imported to another country for refining before it is sent back and na dollar dealings. I just see some underground manipulation in the dollar market by the government to make sure that dollar price is down, and that is why the Naira appreciating over dollar does not have any significant impact in the local market.