Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Why a source of income is very important before investing in Bitcoin
by
Jegileman
on 26/06/2025, 14:25:10 UTC
⭐ Merited by Igebotz (2)
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.

Bitcoin investment cannot be said to be outrightly 50/50 because those that have invested in bitcoin over a long period of time have benefited from their investment because they held till the profit grew to the target they set to exit the investment. Why many people still call it an investment of 50/50 is just for one to invest only what they can afford to lose overtime and not feel the need to want to come back to the investment and withdraw from the investment when the targeted goal is yet to be reached. So bitcoin hasn’t been a 50/50 case if you invested rightly  and wait for the right time to take profit.

Quote
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.

Having a source of income while investing in bitcoin is very very important because those will not make you to want to see your bitcoin investment as another vault you can take money from when you’re in need of emergency funds. If you see your bitcoin investment as such, you won’t be able to make enough profit from it and mostly sell at a loss when you’re suppose to held on to your investment for a long time to reach the targeted goal. Bitcoin investment is not a get rich quick scheme, so it needs proper planning to be executed which having another source of income should be apart of the planing to achieve good results in your investment.