Post
Topic
Board Nigeria (Naija)
Re: 3 things to know before investing in Bitcoin
by
Odohu
on 08/05/2024, 10:08:05 UTC
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.

Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.

THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
The article you referenced and the caption of your post are not saying the same thing. While the article is talking about investing in Bitcoin mining, you seem to be talking about investing in Bitcoin itself. These are two different areas of investment that requires two different approach, knowledge and finance.

I don't know much about Bitcoin mining neither do I plan to venture into such area. My focus in investing in Bitcoin and like many people have already said, investing in Bitcoin requires the basic know of Bitcoin, having a stable source of income, and ensuring there is provision for emergency funds incase of personal needs that may arise, with planned and unplanned,  during the period of investment. This way the investment will be protected and held for a long time which is the best way to enjoy the benefits of investing in Bitcoin.