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Nigerian Languages / Re: Sell 50% of Your Bitcoins Now and Invest in the Coming Dip.
« Last post by SmartGold01 on Today at 12:45:18 PM »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.
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.