Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
I_Anime
on 01/07/2025, 20:54:22 UTC
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

First Bitcoin investment is not a business is an investment and is usually for long-term, if you take Bitcoin accumulation as your business then you are no longer investing rather you are trading it , and before you can think of taken profit or depending on your Bitcoin stash is when you have gotten enough stash ( having a good amount of Bitcoin in your secure wallet ) .

In Bitcoin investment going for complex knowledge is not necessary to start , you just need just the simple basic knowledge then you are good to go , just know how to execute proper planning and know how to manage resources. Maybe when you have started accumulating Bitcoin then you can start going further to gain more knowledge that will help you manage your Bitcoin investment properly and Same time understand the purpose of Bitcoin as a digital currency too.