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Showing 6 of 6 results by Supreme Donvic
Post
Topic
Board Economics
Topic OP
Bank and Emergency funds.
by
Supreme Donvic
on 03/10/2025, 08:12:02 UTC
Because of what someone said in a thread concerning holding your emergency funds for long term without using it, that why not invest it on something that will bring profit for you in a short period, I commented on that post and it is very important I create a thread about it here because I feel it is something of importance to Bitcoin investors.
I have an emergency funds that has been on my account for some time now and I have not touched it and the bank is taking their changes from the emergency funds, I have already decided to start lending the emergency funds out and then when those that borrowed it are paying back they are paying with interest and in other to protect my money if I'm lending you the money you most drop a sellable property that is worth that money or even worth more of that money that I can sell and recover my money when the date of repayment expires.
Because keeping my emergency funds in a bank that will be deducting my money or in the name of bank charges is something that does not make sense to me.
Some people will ask what if an emergency happens immediately I borrow out my emergency funds how will I solve it, well I will simply borrow and solve it then when I get my money back I balance things up.

So if your emergency funds have been with you for a very long time and you don't even use them, look for a 90 percent less risk business that brings profit in a very short time and invest it there.
When you have an emergency and you have already used your emergency funds for your business you can simply borrow and since it is a business that profit you in a very short period you can balance up without it affecting you financially or your Bitcoin investment, remember I said look for 90 percent less risky business.
Think about this.
Post
Topic
Board Bitcoin Discussion
Topic OP
Bank and Emergency funds.
by
Supreme Donvic
on 03/10/2025, 00:14:39 UTC
Because of what someone said in a thread concerning holding your emergency funds for long term without using it, that why not invest it on something that will bring profit for you in a short period, I commented on that post and it is very important I create a thread about it here because I feel it is something of importance to Bitcoin investors.
I have an emergency funds that has been on my account for some time now and I have not touched it and the bank is taking their changes from the emergency funds, I have already decided to start lending the emergency funds out and then when those that borrowed it are paying back they are paying with interest and in other to protect my money if I'm lending you the money you most drop a sellable property that is worth that money or even worth more of that money that I can sell and recover my money when the date of repayment expires.
Because keeping my emergency funds in a bank that will be deducting my money or in the name of bank charges is something that does not make sense to me.
Some people will ask what if an emergency happens immediately I borrow out my emergency funds how will I solve it, well I will simply borrow and solve it then when I get my money back I balance things up.

So if your emergency funds have been with you for a very long time and you don't even use them, look for a 90 percent less risk business that brings profit in a very short time and invest it there.
When you have an emergency and you have already used your emergency funds for your business you can simply borrow and since it is a business that profit you in a very short period you can balance up without it affecting you financially or your Bitcoin investment, remember I said look for 90 percent less risky business.
Think about this.
Post
Topic
Board Nigeria (Naija)
Re: The reasons why using discretionary income is important in Bitcoin investment.
by
Supreme Donvic
on 02/10/2025, 20:29:48 UTC
All the reasons you have mentioned are all correct, if you don't have a Discretionary income you shouldn't even think about investing in Bitcoin because if you use money that is meant for basic needs to accumulate Bitcoin then you will be in a big financial problem and you will even end up dipping hands into your Bitcoin investment there by interrupting your accumulation journey.
So before going into Bitcoin investment you need to have an income that after handling basic needs with it you will still be left with a Discretionary income no matter how small it is, you can use a small amount of your Discretionary income to invest in Bitcoin and succeed but you can't use basic needs money for Bitcoin investment and succeed.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Supreme Donvic
on 02/10/2025, 17:27:15 UTC
Investing with your emergency fund is not a total bad idea at all because after you have might paid all your bills and the money remaining becomes your discretionary income and inside that your discretionary income you can still generate out your emergency fund and started investing in the last 6 months and think you to invest using your emergency fund so that it multiple more income since you are not using it at the main time, you can invest with the emergency fund and tage it emergency fund which means it can be pull out if incase of unforeseen circumstances that might happen, so the reason why we should invest emergency fund is to back your really investment incase of anything, so you can decide on what to do with your emergency fund as per dividual convenient or best know to you, if actually you needed your emergency to in cash but left with me, i will say that once you progress with your Bitcoin portfolio that there are always a need to invest to have emergency fund.

I find it difficult to understand everything that you said in your post because you are mixing up your words and giving the wrong use of an emergency funds. Emergency funds should only be tampered with when there's a real life emergency and not to use to buy bitcoin. Your discretionary income is what you should use to invest into bitcoin continuously and persistently overtime.

What if you use your emergency funds to buy bitcoin and the next day, you are hit with real life emergency, you will have no option to sell your bitcoin at loss, if the price dips below your entry point. Any investor that uses his emergency funds to buy bitcoin and neglect the importance of emergency funds is only gambling and not investing because you will definitely sell your bitcoin when you are hit with real life emergency.

You cannot use your emergency funds for whatever thing that you like because it's not flexible. Your reserve funds is what you can threat like that because it's flexible. It's also wrong for you to believe that a real life emergency wouldn't occur because you don't know what will happen in the next minutes which is the reason why an emergency funds is very important to be on ground at all time provided that you are still accumulating bitcoin.

It takes up to a year and more to build an emergency funds of three months of your expenses, if you exhaust your emergency funds how will you cope with your bitcoin investment. Don't involve yourself in a practice that will make you start reducing the size of your bitcoin portfolio instead of increasing it because that's not the goal.
Setting aside an allocation for Bitcoin is the right risk management. Because if you don t have a way to survive before investing, you will have to struggle to cope with losses before you can make a profit. In my opinion, investing with an emergency fund is often called using extra cash , but in reality it often turns into a gamble. Because market movements are never under our control, but living expenses and urgent needs have to be dealt with immediately.

I would rather say that if you think your emergency fund is lying idle, you can put a small portion of it in liquid, low risk assets, such as a high yield savings account or short term bond fund. This at least keeps the capital intact and also generates some income.
I think I agree with you on this, I have an emergency funds that has been on my account for some time now and I have not touched it and the bank is taking their changes from the emergency funds, I have already decided to start lending the emergency funds out and then when those that borrowed it are paying back they are paying with interest and in other to protect my money if I'm lending you the money you most drop a sellable property that is worth that money or even worth more of that money that I can sell and recover my money when the date of repayment expires.
Because keeping that my emergency funds in a bank that will be deducting my money or in the name of bank charges is something that those not make sense to me.
Some set of people will ask what if an emergency happens immediately I borrowed that my emergency funds out how will I solve it, well I will simply borrow and solve it then when get my money back I balance things up.
Post
Topic
Board Politics & Society
Re: Why are women so dependent on men?
by
Supreme Donvic
on 02/10/2025, 00:07:07 UTC
Men are created to be stronger than women and since they are created that way it means they are the provider, in BC and AC. Humans where using hands to work in other to feed and this works are farm works that requires strength and this strength men has it more than women and so the men where very active in all this farm work and since a man and a woman needs to come together to make children and the woman was the one to get pregnant and the man was made to go and work since his also the strongest and when the woman starts having children those children needs to be taken care of and that was what the woman was mostly doing She was also helping the man in farm work in her own little strength so women where created to take care of the home while the man was to work and feed the wife and children.
And as a man if you are providing for your wife you will feel happy doing that men love women to depend on them while women love to depend on men nature solved everything perfectly, if you are a man know you are a provider however you still don't have to please a woman and displease yourself.
Post
Topic
Board Nigeria (Naija)
Topic OP
Happy Independence Day, Nigeria! 🇳🇬
by
Supreme Donvic
on 30/09/2025, 23:06:09 UTC
Our great nation Nigeria gained independence from Britain on October 1, 1960, with great hope for unity and development. However the early years were faced with challenges such as Ethnic and Religious Conflicts, political instability, military coups, Economic Challenges and the civil war. Despite these trials, Nigeria remained strong and very focused.
After a long time military rule in 1999, democracy was restored, marking a new chapter of peace, freedom, growth and development and Since then, the nation has continued to strive for more peace, development, and unity. Today, Nigeria stands as the Giant of Africa, rich in culture, diversity, and potential.
Nigeria achievement.
Democratic Progress: Nigeria has succeeded in maintaining a very good Democratic progress and is a very good one some African countries military rule has taken over again there by removing democracy in that nation.

Cultural Influence:  Nollywood is now the third-largest film industry in the world you can check it online and see for yourself and Nigerian music (Afrobeats) enjoys global recognition it has become the best that the world is enjoying.

Economic Growth: Nigeria became Africa’s largest economy by GDP in 2014, and they are still moving for the best we face challenges but we will come out of it.

Education Expansion: Nigeria is really growing when it comes to education, Nigeria now has over 200 universities and institutions, producing professionals across fields, in Nigeria we the people are very intelligent that is why we produce the best all over the world the best doctor are Nigeria's even though a lot of them are working in other countries because of how good they are.


This is my first post since I registered here I'm happy to be here.