Post
Topic
Board Nigeria (Naija)
Re: Accumulating bitcoin through fixed personal income(salary or wages)
by
Creeper0
on 17/09/2025, 09:55:41 UTC
2. Liquidity Needs: you need to know you liquidity need before you start investment like what your daily expenses be and the amount of emergencies fund wey you suppose keep to avoid investing in bitcoin and end up selling when it is low and at loss because of emergencies.
This seems confusing to me. You don't need to have a lot of knowledge before you start investing. Just know what Bitcoin is and how it works? Or at least enough knowledge to trust Bitcoin. If you spend too much time learning, you're delaying your investment and missing out on buying opportunities.

Are you even talking about keeping Bitcoin in your emergency fund? If so, I would suggest you get the right knowledge about your emergency fund. Always try to keep fiat in your emergency fund and keep it in a place that is always ready for use.

4.Purchase automatically: make you dey use DCA(dollar-cost averaging) method to accumulate bitcoin by doing so you no go dey worried about waiting for price to dip before you can buy bitcoin, you will by at every time wey your income land. E go help you to you your income very well by allocating your budget to what is was initially meant for not something else.
You seem to be too strict in using the DCA strategy. Don't forget that everyone has freedom in some matters in Bitcoin investment. For example, in determining the investment strategy. For a beginner, adopting the DCA strategy will be better and more effective, it is not only for beginners but for everyone. But in determining the strategy, you are still free and there is no obligation. Determine the strategy depending on your position, my recommendation would be the DCA strategy.