Post
Topic
Board Nigeria (Naija)
Re: Invest in bitcoin or save your money in the bank.
by
Promocodeudo
on 28/02/2025, 17:42:48 UTC
Investing in Bitcoin and also saving money in our banks are two important things, you can't invest in Bitcoin and don't still have some save in your bank that's very wrong, remember you are investing with your leftover fund in bitcoin which is your discretionary income money you won't be needing for a very long time while the one in your bank account is the one you will needing anytime to sort out your personal needs by getting it back either going to bank or by going any point of sales POS joint to withdraw your money while you still accumulate Bitcoin and hodl so it is much important to invest into Bitcoin and also have some huge saves in your bank very very necessary.

Buddy in as much as I understand what you mean, I want you to also understand that gone are those days when we say we invest with our left over fund in Bitcoin as you said, I think you can say we invest with what can afford not left over funds, we can invest in Bitcoin with what we can afford consistently not necessarily left over fund, though our decisions are personal but let's not make it look like there's risk in investing in Bitcoin, am not trying to decide for anyone on what to do in regards to their investment in Bitcoin.

Bitcoin is an investment and we have seen it's achievement for some years now, so for me, I think anyone involving in this investment should do it without being afraid of anything.
The only thing I can say about this investment is, for any intending investor, I think the best approach to survive in this investment is to seek for more income and make sure you invest with what you can afford without without using all the money for personal use and also set aside emergency fund though this emergency fund may not be immediately you start the investment but you can also have it before you start the investment thats if you've all it takes to do so.

As for having money in the bank, the truth is that we can't do without fiat, atleast some amount of money should be frequently paid into your bank acount for paying some bills and settling some personal issues that may arise as time goes by, is not a bad idea to have money in your bank account but it shouldn't be for investment purposes to avoid regret.