Re: Balancing Financial security and Bitcoin Accumulation

For me, we must first of all think about reasons why people or investors borrow money from the bank or from online App, people borrow money because of investment, health wise or project, coming to Bitcoin community, I am of the opinion that if an investor wants to borrow money so that he or she would invest Bitcoin, the investor should consider means of payment, wether he can pay from other source of income, wether he will sell his investment just to pay his loan, because his loan interest will continue to increase weekly or monthly as the case may be. So it's not right for an investor to borrow just to invest because Bitcoin is a long term investment unless he has other source of payment, then he can go ahead and borrow

It will never be a good decision for a new investor to invest with debt. Because if a new person invests with debt, he may become very scared and after a while he may sell his holdings in panic. A new person should initially adopt the DCA method and continue to buy continuously. Because when the market falls, a new person will be scared, it is very natural, but if a new person invests with debt at that time, he will become even more scared.

Investing with debt is not bad but one should understand whether he can repay the debt or not. Because if a person has the ability to repay the debt, he can invest with debt and gradually repay the debt. If he does not have the money to repay the debt and invests with debt, he may fall into bad times.

it is important for a newbie or a no coiner to determine whether they have discretionary income available before they start investing in bitcoin. Borrowing money to start investing in bitcoin is not a good idea and I won't advise anyone that wants to start buying bitcoin to start thinking about going to borrow money that they will invest with. If the discretionary income is not available to invest with such a person is not yet ready to invest in bitcoin. There main focus should be on working on there cash flow instead looking where to borrow money to invest in bitcoin.

You are doing the wrong thing about investing. It is not important to have a discretionary income before investing in Bitcoin. If you are studying in a university, you will learn about Bitcoin and you can accumulate Bitcoin during your studies. Buy Bitcoin by saving some money from your part time job or from the session fees you get from your family. You will gain knowledge about Bitcoin while you are a student and along with that, you can accumulate any fractional amount. It is always intelligent to rely on your own cash fund. If you take out a loan or depend on other people's money to invest, you will not be able to keep it going in the long term.

Many students deposit Bitcoin during their studies. They earn money temporarily while studying at university and they even meet their family expenses from that income. Even if the amount of income is not very much, you can accumulation Bitcoin even on a small scale.