Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
SuperBitMan
on 23/07/2025, 09:44:43 UTC
⭐ Merited by JayJuanGee (1)
...setting up systems that help you to not get overly emotional about BTC price moves in one direction or another, even though we likely cannot completely take emotion out o f the equation, there are still ways to lessen the likelihood of high emotional levels.
In as much as we can't write off emotions from the equation, it's better to be more incline with buying more of bitcoin which you equally mentioned as longing bitcoin rather than complicating things with some ideas of selling to buy back at a cheaper price which is mostly where guys fall of the ladder of holding or stacking up their portfolio. Hence it's more of a good idea to first balance once financial situation, having put in place debt and other funds that will help the sailing through of bitcoin investment along the long term intentions.

You most not necessarily clear all your debt before you can start accumulating Bitcoin, yeah I know you may be wondering what I'm talking about.
My friend is working as a doctor in a government hospital here in our town and he collected a loan from the bank and he used the money to settle a very serious emergency issue that eat up all his emergency funds, now he took this loan last year and his still paying the debt till date but his still accumulating Bitcoin every month when he receives his salary, now the loan he took from bank it was agreed that when ever he receives his salary the bank will take a little percentage from his salary and it will continue like that till he clears up the loan, when ever his salary is been paid and the bank collect there little percentage and he run all his expenses his always lift with a little discretionary income and is this discretionary income he uses to accumulate more Bitcoin.
Now from last year till date he most have accumulated a reasoning amount of Bitcoin even if is not big is better than holding on till you finish clearing up the debt, so you can be on debt or loan and still continue accumulating little by little.