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Quote from: SmartGold01 on June 11, 2025, 10:25:28 PM

You know what you must know is that people don't usually know when to invest, how to invest and when not to invest. Usually, investment is when you are financially stable to make it reality but most people nowadays jump into investments without at least having source of income or something that would give them income when they are in need or lacking moment.
It's true that everyone out there loves investments but getting to know the rules of investment is what most people are lacking, that is why many people faces hard time with their investments or ends up pulling off their investments when their time isn't yet to come.

Na waiting make them say failure to plan is planning to fail, person wey no plan en self well will definitely not get to a greater height ( success). This thing wey you take na the mistake some people dey make this time oo and waiting they cause this mistake na greed and big eye because when they see say there friends don dey grow for Bitcoin investment and those there friends get stable source of income, the person no go want calm down know say Bitcoin investment no be competition, them go rush carry money put and when e red for them, na them go still carry there hand sell off everything and sometimes them fit dey for loss.

That is true, we must learn to place value on our investment if we must last longer and makes good profits from our investment. For instance, doing proper consultation before jumping doing into whatever we would want to do, most time when following how they shares their success stories you would see that there are also some difficult time for them but they wouldn't want to scare new investors rather cover up their bad experiences and share only the good side, but those who doesn't know how the investment works could just go invested with all their life savings with the mindset it would automatically be profited with few months or days.

Although, no doubt because there are all possibilities for such to happened only if they get involved in with altcoin that are more of pump/dump, when they are lucky they could get pumped to cash out good profits from their investments and only those who have been in the cryptocurrencies space can actually achieved such quicker profits.

It is okay to evaluate the value of the investment. But what advice would you give to those who can afford to invest some amount from their income? No one invests with all their money. They invest as much as they can and hope to make a profit. However, it is not bad to invest with all their money if they can maintain it. And they are able to keep their daily expenses, emergency fund and reserve fund. An investor should always invest by deciding the time for how long they actually want to invest. And no matter how many obstacles and dangers come during this time, they will not lose their investment. If someone invests by deciding the time, then it is expected that they will be able to make a profit from their investment.

For example, you invested for a long period of 4 years. But you sold the investment after 2 years for some urgent work. Your mistake there was that you lost the investment because you could not maintain the timing. Just as there is a need to allocate money in investment, there is also a need to allocate time, because time is the most valuable thing.

I share your sentiment but at some certain point I don’t agree with you that investing in Bitcoin with all your money, You’re not meant to invest in Bitcoin with all your money, rather a discretionary income is what you should be investing from, because Bitcoin is a very volatile and unpredictable assets, Having your income is okay and after taking care of your expenses then you have a discretionary income that is were you are meant to be investing your bitcoin and accumulating, and having a good strategy to maintain your investment that is the next thing to be put in place like your emergency funds, reserved funds and probably some floating funds.

If an investor wants to hold his entire savings in Bitcoin, that may be acceptable. However, in this case, he must invest with a long-term plan. After considering that he is not hindered from his investment for any other reason than it may be a good idea if he holds a large part of it in Bitcoin. But if there is no situation to invest Lump Sum in Bitcoin, then he can take the DCA method. In this case, he can accumulate Bitcoin regularly with his discretionary income. If the investor follows DCA, he can increase the amount of Bitcoin he has accumulated without financial stress and risk. In the case of DCA, if the investor is able to form an emergency fund along with his investment in Bitcoin, then he can accumulate more bitcoin.

I totally disagree with you mate the fact that Bitcoin investment is promising doesn't mean someone should use his or her entire income to invest in Bitcoin if that is what you meant by entire holding. That is a very wrong approach to Bitcoin and it is not advisable to do such because you will definitely sell at loss or premature and all this boils down to lack of Bitcoin investment knowledge because if you have the basic knowledge of Bitcoin and understand how it works you can never for one day think or try this as that is a financial mistake that might result to a lifetime regrettion.

You're right only a persons discretional income should be invested in Bitcoin and not the other way round , investing an entire life savings in Bitcoin all at once is financial recklessness which could also lead to financial discomforts. When a person invest his entire savings in Bitcoin,at that point he's now financially vulnerable because he's empty without any funds to sort out his Bills and other of his necessary needs. Since he is a long term investor,there is no points pouring all of his funds at once in Bitcoin of which is very wrong from the starts. A smart thinking investor would only invest in Bitcoin appropriately without overdoing it or stepping out of his financial limits.