Good day my fellow nairalanders,

i have indeed invested upto 500k naira in bitcoin just this year before this pandemic broke out,

am considering selling off my coins to real cash to avoid bitcoin ever crashing in this period of time.

Looks like my instint was right after all,
i was even considering investing 8million on it during this year january

i need your advice on this,
should i leave it alone to mature or just break out the bank and be on a safer side

Patience is a virtue.

Dollar is in free fall, the next best thing for international transactions is bitcoin.

When borders around the world open and businesses(import/export) resume, I think bitcoin will spike.




But hey, follow your instincts, that's what separates you from other business people.

Chat me on WhatsApp if you have made up your mind to sell it.

Don’t use all your money to buy bitcoin oooo,if you have 8m and u buy 1m is okay and watch it well . U can fix your money at access or zenith bank and earn something monthly that can feed u bitcoin Dey rise but the fall deep gan

Keep deceiving yourself. Have you invested your audio N50m on farming yet? Mumu scammer,gtfoh

500k is less than 1500 usd. Sorry you havent invested much in btc.

Richfarmer:
Good day my fellow nairalanders,

i have indeed invested upto 500k naira in bitcoin just this year before this pandemic broke out,

am considering selling off my coins to real cash to avoid bitcoin ever crashing in this period of time.

Looks like my instint was right after all,
i was even considering investing 8million on it during this year january

i need your advice on this,
should i leave it alone to mature or just break out the bank and be on a safer side

I understand your fear. But I can tell its based on lack of adequate information. I will advice you to hold on to your bitcoin hoard. The way the bitcoin was designed by Satoshi Nakamoto would make it scarce unlike paper currencies like dollar and naira which are being printed indiscriminately by Governments. There's an inbuilt code that splits the available bitcoin to bitcoin miners by half every four years. A halfing event occurred earlier this May. This is bound to raise the price upwards. Check the other halfing incidents in 2012 and 2016 where bitcoin prices rose meteorically.

So I would advice that you leave your money in bitcoin as its price is set to rise due to its scarcity vis a vis fiat currencies. I will advice that you read up more on bitcoin and the effects of the halfing on the internet. Also check the rise of bitcoins price over the years and the projected estimates of where the price might go in the next two years (Don't want to say it here as people might think I'm crazy). In short, think of the N500,000 as being in a savings account which will yield lucratively in the next 24 months. At least that's better than leaving the money in a bank account.

Richfarmer:
Good day my fellow nairalanders,

i have indeed invested upto 500k naira in bitcoin just this year before this pandemic broke out,

am considering selling off my coins to real cash to avoid bitcoin ever crashing in this period of time.

Looks like my instint was right after all,
i was even considering investing 8million on it during this year january

i need your advice on this,
should i leave it alone to mature or just break out the bank and be on a safer side

why not invest in Startup enterprises.
join our Whatsapp platform & meet with fellow investors & Startup entrepreneurs with their various awesome pitch proposals within your financial budget.


https:///Cxd8IFLF4wAJ4NHWjPW411

Greatzeus:
Keep deceiving yourself. Have you invested your audio N50m on farming yet? Mumu scammer,gtfoh

no mind the clown

telim:
500k is less than 1500 usd. Sorry you havent invested much in btc.

something that i am not yet familiar with,

to me its better stocking the cash in banks because when they crash you can try run around to try get back compensation or something,

but if bitcoin will crash this minute please who will you run up to?

Lets stop deceiving ourselfs here,
bitcoin owners are online and you know any silly mistake of been shut down is doom for the investors at large

Guys, you need to try this out.


https://www.youtube.com/watch?v=oTeh_fjJK7g

Opportunities for scammers to look for u, luno and instantcoins are good for BTC exchange

Whenever I hear bitcoin like this, my heart beat changes like I just saw kidnappers

....

Bluehill1051:
Whenever I hear bitcoin like this, my heart beat changes like I just saw kidnappers

maybe thats what saperates the rich from the poor,

anyways please do not fall for any of all this online forex or most bitcoin exchangers.

They just only want your money and nothing else!

I nearly fell into one recently.
If not that my instinct told me to make a thorough research on the site i would have lost close to 1.2 million in my perfect money account.

Had to run back and cross check for their validity