Post
Topic
Board Nigeria (Naija)
Merits 4 from 3 users
Topic OP
Why a source of income is very important before investing in Bitcoin
by
AGogi2003
on 26/06/2025, 14:04:26 UTC
⭐ Merited by CryptopreneurBrainboss (2) ,Shadiq (1) ,Antotena (1)
Many of the youth are really interested in investing in Bitcoin when they have done research about it and see the vision of it, and then they invest too, but due to not having enough funds, they fail to invest. Bitcoin is another way to get rich when the market is in good condition, but we need to have another source that you can be generating money from before you invest in bitcoin to get a better profit. When there is no money, you can't invest for the long term because anytime you need funds, you will definitely withdraw your investment at a loss or gain because you don't have any options. Since you don't know any other way, you generate money to support your investment.

Why I said a source of income is very important before you invest in Bitcoin is because anytime you invest, you will not really see the value of your investment because the market doesn't guarantee you will get profit easily, and without the source of income, when the price decreases, you won't have any source to top up the funds, or if you have an emergency, you will just sell everything without getting any benefits. But if there is a source, things will always come easy to solve and protect your Bitcoin investment and get profit when the price increases for the long term.

I usually notice that when the bitcoin price is dropping, it is another opportunity to top up your bitcoin investment so that when the price increases, you will get a huge profit.

In any business or investment you want to do, you need to get a source of income before you can succeed at it because any investment, business, or trade you are interested in all have their own risks, and you need to have a source of income to fight for you, so that you won't lose all your funds by regretting and won't have anything to offer in the market anymore. Anytime you failed and you have a source you will always have backup to fill the space to make it balanced for you.

Investment and business are all good to make you wealthy, but we need to fight for a source of income first before we invest in Bitcoin because Bitcoin is unpredictable. You can't say that since you are broke, he won't decrease, he will raise to get profit. You need to put in your mind that investment is 50/50. You lose your capital, or you get profit.


All this requires a source of income before you can see the benefits of it, but if you don't have one, you will always see the negative side of it without seeing the positive side, because you don't have enough money to build yourself up to increase your experience towards it.