Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
ruykeri
on 20/07/2025, 18:26:58 UTC
Not everyone's income is the same. There are many people who work as daily wage earners. For example, after working all day, they are given a certain amount of money as salary, they can continue to buy continuously by adopting the DCA method every day. This will not be bad at all. Because all the people who work as daily wage earners cannot accumulate or save much money. Because they have daily income and they spend almost the entire amount of money from it, so if they want to buy daily by adopting the DCA method, then it is not a bad idea at all.
I don't like the idea of purchasing bitcoin daily, especially when the person is not rich. Only a rich investor can buy bitcoin daily based on his cash inflow is large daily. Like the person that you mentioned in your post above should not buy bitcoin daily because his discretionary income will be very little since you said when he gets paid, he spends almost the entire money to take care of his daily needs.

It's better that such a person should pile up his little discretionary income for one week and buy bitcoin weekly. This will save him from the stress of buying everyday. If it's someone that lacks discipline on keep money for long, he can give the money to someone he trusts to keep it for him till the week comes to an end.

To invest in any business or any other platform, you must have a good amount of money. And managing that amount of money is easy for the rich but difficult for the middle class and very difficult for the lower class. And it is a time-consuming matter. Many may be scared by the price of Bitcoin, but in the case of investing in Bitcoin, if you only have the desire to invest, it is possible to go a long way.

A daily wage earner can arrange another income in any way. He can live his daily life with his previous income and keep the next income as savings. And it does not take much time. A daily wage earner can buy Bitcoin once a week instead of buying Bitcoin every day. He will not feel any pressure in it.

That is, Bitcoin does not guarantee investment only for the upper class, Bitcoin guarantees investment for people of any class or profession.
Exactly, Bitcoin isn’t reserved for the rich it is a tool for anyone willing to be disciplined. You don’t need to buy a whole coin.... even small, consistent amounts over time can build real wealth. A daily wage earner doesn’t have to break the bank. Saving a little weekly and stacking sats regularly is a strategy that works, especially if done with patience and long term vision. Bitcoin respects consistency, not class.......
You can say that again buddy, Bitcoin respect consistency not class. Most Bitcoin Investors don't know that consistency in accumulating Bitcoin is what's define how successful you might be in the future or not, they take it as a joke, not knowing that those small satoshies that is being bought weekly or monthly on a steady basis is what makes your stash of Bitcoin huge to the extent of making you wealthy in the future. While some newbies thinks that they will automatically become wealthy by just investing as low as a $100.
But looking at Bitcoin from a longer perspective, constant accumulation for a  longer duration of 10 years or more is what's going to determine how successful you will be or not.
Those new investors before investing did not know that they have to accumulate Bitcoin from their discretionary income. They do not have any idea about fund management and they gradually start looking for great methods to Bitcoin within their means. Before joining this forum I did not have a better idea about accumulation Bitcoin in DCA method but with time and through discussions, learning about this method has made me more motivated about saving Bitcoin and I am doing Bitcoin regularly. Bitcoin can make us rich, this is the right idea but we have to be honest in our regular purchases through discretionary income for long. Buying at least one digit more Satoshi by reducing your personal expenses can take you to an impressive level.

You are right, Fund management is very important in any type of investment, not just Bitcoin. You should go for any investment only after gaining complete knowledge about this subject. Investing in Bitcoin is a long-term process. If someone really wants to profit from Bitcoin, then they must prepare for long-term investing like at least 4 to 10 years. Having knowledge about financial management greatly reduces the chances of making mistakes after taking risks in such a long investment process. One thing to keep in mind, whet ever you invest $200 a week or $20 you must continue to invest regularly following the DCA method. And to maintain this accumulation of investments, you basically need to have a very good understanding of finance management so that you can determine the amount of discretionary income in line with your income as well as expenses. Many people do not have a fixed income every month or every week. In that case, they will calculate their own situation and determine a reserve fund and emergency fund. If the regularity of investing can be maintained for 4 to 10 years through funding management in this way, then it is certainly possible to get many times more profit than any other investment.