Quote from: Odogwu-Blockchain on Today at 11:15:38 AM

Quote from: WhoYouCantKill on June 30, 2025, 04:17:02 PM

Quote from: Derekfunds on June 30, 2025, 03:51:23 PM

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.

Quote from: JayJuanGee on Today at 09:42:43 AM

Sure. There could be some kindf of a formula for dividing out how to build out back up funds (such as emergency funds and/or reserve funds), yet I really doubt that the combination of the back up funds needs to be built faster than your investment into bitcoin..yet sure, guys can make those kinds of choices, but it seems strange to me to be overly waiting with investing into back up funds, when the back up funds are primarily meant to back up your bitcoin investment, but if you don't have shit for a bitcoin investment because you are stocking away a bunch of back up funds, then to me that does not necessarily come off as balanced.. though sure guys can come to their own conclusions (determinations) in regards to their level of aggressiveness when it comes to their bitcoin investment

I fully understand what you are trying to say , well is normal to prior our emergency funds because it usually play a vital role when investing in Bitcoin cause it will reduce the chances of us depending on our Bitcoin to handle expenses, which same time increase the rate of our Bitcoin accumulation growth . Yes you are right I think we should focus more on building our investment than back up funds (reserve funds ) because the whole purpose is to back up our investment to keep the aggressiveness going without over doing it .