Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Jostern
on 22/07/2025, 13:09:42 UTC


If a guy is taking time to get his financials in order as he is slowly buying bitcoin, he can increase the levels of his buys and the level of his aggressiveness in regards to bitcoin the more his financials get in order and also it is good to have some bck up funds in case there are mistakes in the level of aggressiveness and you have extra expenses, your back up funds can save you.. and surely the more you build the more comfortable you likely will be to have a little bit larger levels of back up funds so that you are not feeling stress over finances and you can tolerate both mistakes and even a lot of volatility in the market.  Yet part of the goal should also be to set up your finances so that you are not putting yourself into emergencies due to poor cashflow management practices... And, with debt there can also be ways to order the debt so that you are paying off the  higher interest and the most oppressive forms of debt first.. yet perhaps investing in bitcoin at the same time that you are cleaning up your debt to at least resolve the worst ones..
You’re absolutely right, When we consider to get our financial management in the right way and also trying to get our level of finances in a way that it will help us accumulate and be more comfortable during our stage of accumulation is quite a good approach because it will definitely help us in a way to have to know how to manage our finances or income like trying to adjust to some certain circumstances and lifestyle to be able to have a quite reasonable amount of discretionary income to accumulate and buy more, I’m not saying that we can’t buy little by little, but at some certain stage of our accumulation we might decide within ourselves to accumulate more and apply some aggressive strategies, surly there is room for mistakes that is why we’re human to make mistakes but if we have some strategic plans like reserve funds to be sustain our bitcoin investment when there is a mistake or a loophole to fill them we can always fall back to this strategic plans to fill more comfortable and be in charge of our Bitcoin portfolio, So I will just suggest that making a good financial plans so I might not get into trouble that will require me to think about my bitcoin investments should be avoided, so that is why I did try apply that there should be no room for lapses for lifestyle appreciation during my accumulation stages, instead managing my finances should be my priority.