Post
Topic
Board Nigeria (Naija)
Merits 3 from 2 users
Re: Balancing Financial security and Bitcoin Accumulation
by
Derekfunds
on 01/07/2025, 20:20:37 UTC
⭐ Merited by Versatile_choice (2) ,CryptopreneurBrainboss (1)
but then again It is not just about having a stable source of income but it is also about willingness to invest because some folks have the money but the willingness is not there.
And also being in control of your finances. Even when someone is fired up with the zeal to invest, and even when he eventually starts investing, if he's not able to stay in control of his finances, he'll always keep fucking up his investment.
I'm not saying one must master the act of controlling their finances before they can get started, I'm simply saying that it is a necessity, something you need to master before you can reach your long term goals.
I'll vividly add to this, it's always better to invest in what you understand the basic knowledge about, you don't just jump into investing in what it seems to be generating income when you are not fully equipped with the right knowledge, not only knowledge but you must start from scratch how that business works, what makes it works, if it doesn't seem to be working, what next to do, who to meet, putting in more money, or changing location as well as environment, bringing to the product to those that actually needs them.

All these are the actual beginners challenges you must have known firstly before thinking of investment into a particular product. It doesn't actually needs money from the start but the full know how matters most before money is put into it
Well I'm beginning to think that there is more you are talking about comparing to Bitcoin investment, I don't really think you require all of this details that you've emphasized to start investing in Bitcoin, it's very simple that you know about Bitcoin already and you you have a discretionary funds to invest with, Well I must say that Bitcoin investment doesn't require you a change of environment, because it doesn't have nothing to do with environment, you can invest and accumulate Bitcoin anywhere you find yourself. Sometimes mistakes can not be avoided because we are human and are prone to making mistakes, and we can find it difficult to make mistakes, but what is most important is moving ahead of that mistakes and find a lasting solution or strategy to accumulate more consistently and continue to hodl.

I think you are misunderstanding Odogwu Blockchain, if you read the post well you will see that the investment Odogwu is talking about is not really Bitcoin rather he was talking about something outside Bitcoin which I consider to be off, of what this discussion is all about even though he is correct in what he is saying. But Odogwu last words is what I don't buy because there is no investment that doesn't require money for a start even though it is very small... one must use money to start it up but what doesn't really matter is how much you start up with but whatsoever one is starting up with, one have to be consistent and should have a good management skill.