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.
Seems like you do not understand what I wrote there, as you said it is confusing to you…further breaking it down I mean that you must have knowledge about your income and expenses not a lot of knowledge about bitcoin, how can you even start investing from your income without balancing your expenses and the investment. if you do so then you will end up causing burden on yourself and furthermore increasing the possibility of you selling your holdings because you can’t keep going. And about learning this, you would not need to spend too much time because this are mere basic things that will not take much of your time. Atleast before investing try to have basic knowledge and balance your investment and finances don’t be in haste invest because of FOMO before having knowledge about how to balance these things if not you will end up causing a lot of burden on yourself and your finances and later end up selling your holding because you did not have a balanced way of investing.
I think you should read what I wrote again….because I never said you can store you emergencies funds in bitcoin and the main objective of that consideration is about liquidity and for someone to stay liquid he has to either invest in cash flowing assets or store his money in fiat not in bitcoin because bitcoin market is very volatile and so not ideal for storing emergency funds.
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.
Yeah everyone has the freedom to use any strategy he/she wants to use in investing in bitcoin, but as you said for beginners, adopting the DCA method Is the most effective method and in addition as someone receiving your income let say monthly or weekly, the best strategy to use is the DCA method because if not so you might end up using the money meant for investing in bitcoin for something else if you wait for the price to dip before buying.