Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
Cossyblack
on 14/08/2025, 09:23:30 UTC
⭐ Merited by JayJuanGee (1)
There are many investors who are not motivated to invest despite having money. They definitely need to have a good understanding of Bitcoin at the beginning. But in most cases, the picture that is seen is that they get stuck in the middle due to lack of investment knowledge. There are many people who cannot maintain their investment after investing in Bitcoin. The purpose for which they invested is not successful. An investor should definitely give importance to several things while investing in Bitcoin. At the beginning of the investment, it should be seen whether he has the capacity to invest. If he has discretionary income and if he can invest in Bitcoin regularly for a long time, then he can benefit from Bitcoin investment at some stage.
Knowledge is what makes people invest in Bitcoin. That is why you see someone who thinks Bitcoin is too expensive to invest in, while they can just invest the little they can afford and do so consistently. You will also see people who are earning well but still find it difficult to invest.

Money doesn't really determine Bitcoin investment; though money is important, you can still have money and not invest. Knowledge is the principal thing in Bitcoin investment. That is why you can see a student who depends on their parents for upkeep money, but the person is consistently investing in Bitcoin. This is not because the money is too available, but this investment is possible because of the understanding one has about Bitcoin investment.

Knowledge is not an all or nothing thing, so not very much knowledge is needed in order to get started in your bitcoin journey, yet it would be needed to either be more aggressive or to continue to invest through ongoing persistence consistent and regular buying. The behaviors reinforce the knowledge and conviction and the knowledge and conviction reinforces the behaviors of buying, and if you don’t screw up then you will likely continue to experience positive reinforcement through your bitcoin buying actions and hopefully through your building and maintaining strong cash flow management systems and practices. 
True words sir, There is no point for someone to wait until he knows everything about bitcoin before he can start buying Bitcoin.since Bitcoin is still an evolving asset no one has complete knowledge of it yet. So for a fresh start what's is required to get started is to have little knowledge about bitcoin particularly to learn & understand how to buy & hold, and also to have a Discretional funds ready to start buying persistently & consistently.  Also for someone to be persistently & consistently accumulating bitcoin will also depends if he has a strong inflow of discretional income that comes weekly or monthly. However the experience he has acquired while accumulating bitcoin persistently consistently will also improve his knowledge on Bitcoin and will also help to continue investing right for the long term.