Quote from: HausaBitCkk on Today at 07:35:31 PM

Those who have a source of income and can earn from it, should create an emergency fund by keeping some of the money they earn, and on the other hand, they should be ready to invest even if it is small because this small step of yours will become big at some point, on the other hand, the supply of Bitcoin is limited, its popularity which has increased a lot at present and will continue in the future, so it is difficult to say what its value will be in the future because it may increase in value more than we fear. In that case, it is very important to have a long-term view for your investment, and when you continue to invest continuously, you will have to overcome many obstacles on your long-term path, when you invest, there may also be dumping of Bitcoin prices, so you should refrain from panicking because the price of Bitcoin fluctuates often, but it is useful for beginners, and if someone in your family gets sick where you need a lot of money to heal your family member, in that case, you may lose your favorite thing, so it is very important for you to create an emergency fund. Emergency fund, which will be useful in advancing your investments and in times of danger.

We need a source of discretionary income to invest. For example, the amount of money left over after deducting all our expenses that you do not need is our discretionary income. The reason for investing with discretionary income is. If a person invests with his required money, then he may need that amount of money after some days, then he may have to sell his holding or investment. So it is always better to invest with a source of discretionary income.

Investment is long-term like 5 to 10 years. If you invest with your emergency money, then you will not be able to hold your holding for long, in the middle you may have to sell your holding. For example, if you have invested with your required money and after that your investment is losing money and if you need the money then. Then you have to sell your holding even if it is losing money. So always try to invest with money that you will not need very easily or even if it loses, you will not lose much.

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