Post
Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
Gost ms
on 28/07/2025, 11:18:06 UTC
I am now clear on the subject. I initially thought that even if you invest in different ways, it is considered as diversification of assets. However, the balance between income and investment that you mentioned is really very important. Because if there is no balance, if there is no understanding about fund management, then there is a possibility of any loss in the future. And the most important thing that I think is to create a proper reserve fund and emergency fund of investing  in Bitcoin.

Diversifying your assets is not something that can be achieved by investing in different places. You need to know about the subject you want to invest in and its risks. For example, if you invest in Bitcoin, if you invest without knowing anything about Bitcoin, you may face losses. Because you may be inclined to short-term investment or trading based on what you understand. Short-term investment has a lot of risk. But if you invest in the long term, your risk is much less. You need to have the right knowledge of what you are going to do. If you do not have the right knowledge, you may lose all your money.

Along with investing, you need to have proper financial management. If you cannot manage it properly, it can be very bad for you. For example, if you are investing in a long-term way, if you do not have an emergency fund, then if you get into a financial crisis, you will have to sell your holdings. If your investment goes down during that time, you will face losses and if it does not go down, you may miss out on a big opportunity in the future and you may regret it in the future. Therefore, it is very important to have proper financial management.