Post
Topic
Board Nigeria (Naija)
Re: I trust BTC more than I trust my bank
by
Mate2237
on 17/04/2025, 22:05:01 UTC
My friend was like this one wey you carry all your energy and almost all part of your income dey invest in BTC make BTC no give you high blood pressure one day oh no say I no warn you oh, I was like see this one me wey trust BTC pass my bank, BTC is a typical example on how human being dey take dey crate value for them self no be rational currency, like fiat money oh everything about BTC now legit one, the volatile history clear, market value clear, store of value clear, so wetting you won tell me again, and him come say since you are investing in what you believe there no problem, and me too told him believe what you know my trust for BTC ney wetting dey motivate me into the future mostly now wey we dey bull run.

Nothing is 100% guaranteed hen it comes to investment. Either online or physical invest, you should put in mind that it may fail, just that investing in BTC comes with a very low risk. If you have invested all capital in BTC, what happens in case of emergency? You will have to sell some portion of your investment for money. What if the emergency comes during bear when there is a great dip? That means you have no choice than to sell at lost. It's a good idea to have some investment in BTC but one should still keep some cash in bank in case of emergency.
No matter your investment rate you should have something left for you as an individual to spend in the event of emergency situations or money that you will used in spending, so I am of the opinion  that people should set out a particular amount of money for the purpose of investment from their salaries while they should have a backup plan at the event of unforeseen situation like accident so it's not wise investing all your money in Bitcoin investment
Your right emergency funds and money that you will use in going about should be set apart investment is one thing that should be prioritize as it role in wealth creation can't be over emphasized but life is full of ups and downs so you may not know when there may be problems so it's advisable that we keep certain amount of money for the sake of unforeseen situation.


Financial management system is what many people lack of not everything about your life including your financial should be planned and planning your finances in the area of investment is one thing that will be helpful