Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
ejikeme24
on 24/07/2025, 15:20:21 UTC
⭐ Merited by BitcoinTimi (1)
On point, knowing the basic knowledge and understanding of investment is very crucial, as it helps one to be able to navigate through challenges and avoid making mistakes that most newbie's made.

Sure having the Basic knowledge about bitcoin investment is what matters the most, then every other things will be review to you when you get started with your bitcoin investment.and yeah, anyone who fails to get the Basic knowledge about bitcoin investment before getting started will definitely end up blowing everything up.
Also, applying the rules or the knowledge of investing, it can help to know when to invest and when not to, even if one has all the knowledge to start, without having proper financial stability to use it for investment and can still have some to use it for emergency purposes or when one is in their hard times can be very risky, for it won't help to achieve their financial aims.

You don't necessarily need to figure out when to invest and when not to invest, the only thing that is supposed to keep you on hold is your discretionary fund, but if your discretionary fund is available you don't really need to be waiting for the perfect time but to  start as soon as possible because if you're waiting for the perfect time before getting started you might end up regretting like other guys so as a no coiner or a low coiner you're not supposed to be waiting for the perfect time before investing, rather you can use the DCA method to be accumulating little by Little with time you will get to that stage where you will think is the perfect time to get started then you will have to apply some aggressiveness, rather than keeping yourself waiting.