Hello guys, I’m new to the thread and I want to understand more about buy buy or sell sell , I want to know more about buying and accumulating Bitcoin, I will be glad if you guys can help and reply or give answers to my questions
Thank you .
You should provide some information about yourself and your goals and perhaps you can provide that information without getting into too many specifics.. perhaps talk in terms of hypotheticals or maybe percentages.
Have you bought any bitcoin?
Do you have other investments? how about debts and expenses?
Do you have a steady income? Are you expecting your income to change? Do you know your discretionary income? is it steady or does it vary?
Do you have emergency funds? or other kinds of back up funds?
What are your thoughts about bitcoin as compared with other places where you might invest?
What is your investment timeline?
Sorry for my late responses, I would have replied you earlier before now but due to tight schedule I couldn’t reply at the appropriate time, below are my answers to your questions
No I haven’t bought any Bitcoin
Yes I do have some other investment that are part of my financial strategy. As for debits NO I don’t owe any debts , expenses are just the regular expenses which includes the usual necessities like housing, food, transportation and my investments which I’m working on optimizing my budget to achieve my financial goals
I do not have steady income and yes I’m expecting my income to change .
Yes I am aware of my discretionary income and I try to manage my finance accordingly, I prioritizes essential expenses and them allocate my remaining income towards savings , investment and discretionary activities, and yes it Varys .
Yes I have an emergency fund,I make sure I save a little from my investment, I know the importance of having a savings set aside for unexpected expenses or unforeseen circumstances, so I ensure I prepare for unexpected situations that may arise .
Bitcoin is popular, Bitcoin is a good investment site that helps and guild one right depending on ur financial goals , Bitcoin has a good value than other places where I have invested and I wish I started bitcoin early enough when I was told about it I would have gotten higher value than other places I invested on.
My investment time is less than 5years for growth,stability and wealth accumulation.
Since you have already know that bitcoin generates more profits overtime than an other investment, what are you still waiting for. Why don't you start investing in bitcoin by using your savings like you said or channel funds from your other investment into bitcoin. Bitcoin is still in her early stage and the future is very bright for bitcoin. Therefore, I would advise you to try how you can use part of your discretionary income to invest in bitcoin no matter how little it is. You can use like $10 to start your investment and be buying consistently and persistently every week, you will be surprised at the size of your portfolio in four years time.
Don't regret in future for not taking the bold step in start your bitcoin investment now because it's never too late to invest in bitcoin but it can be too late for you to have a good size of bitcoin if you don't start right away to invest with your discretionary income.
Investing in bitcoin for less than five years wouldn't help you accumulate a good size of portfolio because the price of bitcoin is increasing overtime. This is why you need go have a long-term investment mindset so that you can build, grow and hodli your bitcoin investment for two circles and above.