Bitcoin Forum

Yes as the topic said it all and it is very simple to understand. Instead of planning to use your business money to invest in bitcoin, I advise you to use the profit to invest and keep the capital to run di business and even di profit no be all you go use because you get other bills and things to do. Many people business of the advantages of investing in bitcoin would not think of what would happen when they invest their all in bitcoin and starting to beg from others to eat because they what to grow their investment or if they can't wait, they will be touching the investment bitcoin again.
That is wrong investment plan. Always have an alternative to survive when you are investing in bitcoin.

This economy no really send you, if you get money use them for business and the business make e be watin people dey demand everyday. Business go generate income to you everyday but investment na something way go give you profits for the future. Those way go invest for Bitcoin without say them get source of income no plan to invest for Bitcoin tay. Na make most of them dey sef dey do crypto trading because them believe say the crypto trading na go fit dey give them profits everyday. Another thing wen I go also emphasize on be say make people ko dey use loan money dey invest for Bitcoin because them go dey on dept for a very long time before them go fit pay.

I knew I had seen the type of post on the economy board.
https://bitcointalk.org/index.php?topic=5558991.msg65801711#msg65801711
The threads are alike and the one on the economy board is applicable to any country even our own Nigeria.
I still Dey learn from the post and many of our own members don contribute for the thread.

Investing in Bitcoin should only come from your discretionary income.....By discretionary income I mean the money left after settlingg all your important expenses and responsiibilities. The continued survival of your business largely depends on your business capital. So therefore your business capital should never be used as your discretionary income, your discretionary income should instead flow from your profit.....

 Let's say a business man whose weekly profit is #100k and after setting all his important responsibility, he is left with #50k as his discretionary income, and this businesman wants to begin investing in bitcoin......The best approach for him is to practice balance by putting like #20k into Bitcoin, then keeping #15k for emergency funds and then the remaining #15k is kept to help grow the businesss. With this way, the business man dey invest without overstretching his cashflow or putting himself under pressure.

the first question is, is that profit you are generating from your business your leftover money (Discretionary income)? Investing in Bitcoin is suppose to be done with your leftover money (discretionary income) after you must have settled your all your basic needs and expenses either for the week or for the month, and not with the profit your generating from your business. So from that little money you are generating as profis from your business you pay your bills and you settle your basic needs and expenses. Then if there is any leftover money, that is the money you will use to invest in bitcoin and also build up your emergency fund and backup fund.

Using your profit from business to invest can be a dangerous thing to do if you don’t make a risk free calculation before doing that. When you’ve started up a business and you get to see be generating profit, eating up the profit and leaving the capital can be very dangerous. Profits from business like this needed you to kept for emergency issues that can come up form the business, I mean unforeseen circumstances that can shamble your business up.

So whilst already having a profitable business, having an emergency funds is important for the business also before you’ll want to take your part of profit to invest in bitcoin. Bitcoin investment is a long term investment that putting your profit without having an emergency funds for the business yet will make your Bitcoin holding fail within a short time because you’ll definitely want to withdraw when emergency arises which can affect the investment.

 You are right op for we Nigerians it's good to take proper measures of how we do things .for a business man or woman who invest in bitcoin it's wise to say they must learn not to put all eggs in one basket in the sense that they have to spread their investments across different asset like stocks or real estate. but still I believe that everyone has their own point of view on how dey see their bitcoin  investments but no matter what if you are running a business and you also invest in bitcoin it's wise to say you must have a proper investment plan and that goes every investor too . planning ahead is what makes one have a proper view of his investment.

Furthermore I personaly agree with you because when you invest your all into bitcoin placing your hopes in the market but then the moment it turns and and goes down even if you sell at that moment you wouldn't get back the same money you invested That is why it is good to always have backup funds just in case because being financially ready for the marlket is what makes one a good bitcoin investor

Most of you here just come up with some basic business and financial advice every time on the board I don't know if you people think you're dealing with kids here or those on the board doesn't know that business capital are not for investment purposes.

If someone is already making enough profits from his business is it not a common sense to reinvest the profits into the same business to expand it for more profits? Why risk it on another investment you're not certain of profit in short term.

The thing is that one have to think before doing anything, I see no harm taking from once capital to start up another investment like bitcoin but rather they shouldn't be expecting quick profit and if their business is doing pretty well this might not really be an issue depending on the amount they removed out of the total capital.

I understand what you are trying to say and it is good in order not to be stranded but with proper planning and reasoning this is not a bad idea or move.

Even if you don't invest your business money directly, it is a good idea to invest some of your profits in Bitcoin on a regular basis. I would say that those who know about Bitcoin and have experience in Bitcoin should invest in Bitcoin at least to some extent because Bitcoin has become more popular over the years and Bitcoin has become a valuable asset for people and the world at large. I am not advocating investing in Bitcoin directly with business capital or by borrowing from someone, but if there is profit from the business, then if you invest regularly using the DCA method, then it can be assumed that the investment will be very successful and if you keep it for a long time, you can earn huge profits. If you imagine this, you will see that many people, including Michael Saylor, are investing in Bitcoin with their business money. Now if you look at their case, you will understand better why they are investing with their business money.

Before you start up a business and call yourself an entrepreneur, there are certain necessary or should I say compulsory things, factors and strategies you should know or else you'll suffer massive loss. The basic thing about capitalism (private owned business) as we all know is making profit because;
1. You'll have extra bills you need to cover up in your business
2. No one starts a business to lose it all up

Now let's focus on number 2—scrutinizing the concept about profit making in business on the terms of not losing. Before you embark on a business, you'll sure have a good capital to start up and also some extra cash for unexpected bills, requirements and payments of which you can't deny the fact that they'll certainly come. Now even if you start making profit in the business, you'll still have to be careful and thoughtful of how to manage your finances because there'll still be need for some extra cash. I think I've seen someone say something similar to this before on some thread and I'll quote "bitcoin is not a tendency which price or value is stable so you investing your money meant for business into it is a major risk." You may be so much into the idea that yes you'll make profit but allow it, let me advice you that you'll definitely not see it coming. It might even be minutes after you make the move that the value will depreciate. It's just the principle of cryptocurrency so we all got to be careful.

I would say investing in bitcoin is not a get rich quick scheme , for any bitcoin investor to make the best gain out of bitcoin he or she should consider investing for the long.

When you use your business money to invest in bitcoin that money is already caged, because your business is going to fall and will no longer function very well.
And remember bitcoin is a very volatile asset, there is every possibility that your money might go down after investing in bitcoin and will require patience and not untill the market recovers before you can get back your money.

Only use part of your profit from your business to invest in bitcoin and not your capital.

Why will you use the profit you make from another investment to invest in Bitcoin? Is that advisable to you? Although I don’t know, but for me I can’t; rather than using some part of it to invest, using all the profit, I think that is not going to be helpful at the end. Y

ou may sell the investment and use the money for another thing in a short period of time. Bitcoin investment is not supposed to be done with your profit; rather, maybe the money you are not going to touch in a short period of time, so you can invest in bitcoin for a long period of time,

but using your profit won’t make the investment last. To the extent you will get profit, and everybody knows bitcoin investment is generating profit in a short period of time.

What keep business is the profits; feeding, shop rents and basic needs are being settled with business profits now imaging pushing these profits into another uncertain investment like Bitcoin and you're forced to rely on your business capital for survival how would the business survive.

I don't know what what advice the OP think he was giving but it obviously not a very good one lol

Theirs no money that's not useful for bitcoin investment, what matters is your plans in bitcoin, the thing I will advice someone that wants to invest is that, do not borrow and invest in bitcoin and when you are investing in bitcoin do not expect to make a profit very fast, have a plans of how long your investment will stay in bitcoin before you make a withdrawal even though the investment is experiencing bearish season, we have to be patient for it, at end the price will increases.

At first going all in, in an investment is no longer an investment  but gambling . Because in investing we have to make proper planning , like knowing your cashflow and stuff.

Because if you invest with money that’s meant for business purposes you won’t be able to keep up with that investment you will eventually messed it up or stop because you won’t be able to keep up to budget when investing in bitcoin , because inorder to invest properly you need good sources.

You can end up cashing your business because of Bitcoin investment not because it's not profitable it is actually because you are not calculative. Bitcoin is a profitable investment but the price isn't stable. When running a business you need your funds to keep it going at all times. What happens when the price dips after investing the money for your business, this can make your business to take a pause or in some cases it might crash. You must have separate funds meant for your expenditures daily and you must also set aside the capital you would invest

My own be say as long as say you no go need the money for some time, e dey okay to use and buy bitcoin because after that moment you no know whether bitcoin go go up or down, as e dey fluctuate well well.

But if na money wey you go dey in need of, e no go because you fit even loss the money since bitcoin no dey guaranteed say you go profit within the small time wey you go like hold am.

Just mange weytin dey your hand well and use the small wey U no too need buy better pass to buy big one amount then come sell am finish half way.

Firstly business type matters, for a fact profit made from business should not be spent carelessly. I know bitcoin investment is not a careless investment though being financially stable doesn’t necessarily depend on the income made from a certain business alone to a level where one will think to invest everything in bitcoin.
Honestly bitcoin investment can’t work without a good cash flow, the economy state is a major contributor to business growth while business built on low capital might not yield profit talk more of bitcoin investment, op is right when investing in bitcoin invest with the amount you can afford to lose at any time.

Users of the phrase. Lolz. How much do you have in your discretionary account. This doesn't work in dis place and it only works in di Buy buy and sell sell or other subjects in di economic Section. Whether discretionary income or emergency all those are bullshit. And all what you ha e to do is your  budget with the DCA method because there is no funds is discretionary and all funds are meant to be spend from one thing to another. And if you want to buy bitcoin you go use budget (DCA) to buy in daily, weekly or monthly basis.
It is better to bear di pains at the early age if you are not a silver spoon and enjoy your investment in the later years to come. In which area do we have discretionary income in Nigeria? Make una carry dis phrase away from me. But if you guys know how to use them, I will like it but for now na, na bullshit in Nigeria.

Combining business capital to Bitcoin investment is very risky. That capital is what helps the business to continue thriving, therefore it should not be mixed to a thing as volatile as crypto. Taking part of the gain has more sense, because when Bitcoin drops, the business and livelihood stays together.

Briefly: take Bitcoin as a long-term side hustle, rather than as money to rely on daily. Secure your business at first, afterwards invest only that which you can certainly bear to put aside or even lose.

 Investing in Bitcoin it has to be more lucrative than investing in the business. for example if you start up a business the profit you generate from the business you can invest 5% of your profit into Bitcoin. having business mentality you can invest on any of the crypto that wil yield you more profit than focusing on the only business mindset. but always have a good plan when you are investing on Bitcoin so that you not be caught up in the middle because bitcoin is for long term thinker not for short term holder.

Every penny is important and useful for Bitcoin investment, but not all should be used. Like when you just start up a business and the business is still struggling to stand out, taking money from such a business to invest in Bitcoin is never advisable because, since profits don't come in an instant, it's better not to take that risk, as such can hurt your growing business and cause it to crash.

From my own point of view, investing your business money into Bitcoin is a complex decision, which has possible rewards and also significant risks involved. Let me talk about possible rewards. The value of Bitcoin can increase, offering you high returns on your investment. It can also diversify your investment portfolio and reduce overall risk. Now let me talk about the risk to, as Bitcoin prices is dey very incredible volatile, mean that the value can swing wildly in short period of time and this volatility can lead to substantial losses,

As investment in bitcoin always requires stable funds and a long period of time, using business money is not advisable if you don't have any alternatives. It will be good to run your business with time; your profit in your business will be savings for investment in bitcoin.

U think if people use their business money to invest in bitcoin will make their business to collapse or not moving well? It will move well and it will not going to affect their business unless dey invest their business capital in bitcoin, dat is d only way it will collapse d business because dat capital is d Pilar of d business and once u touch it to do other things, it will affect your business negatively, u can make use of your income from d business to invest in bitcoin and it will help u to grow financially and materially because u will not rush to sell your bitcoin in short period of time because u have business income dat will be helping u to buy goods and services to make d business not to reduce in the nearest future.

Capital allocation for every investment is very important, business is also an investment but not the passive kind of investment like Bitcoin, for someone that is looking at starting a business, they won't even want to allocate that business capital into Bitcoin unless the person wants to make a double investment, then they will allocate some capital into Bitcoin and some to the starting and running of the physical business that they want.

I honestly no see reason why person go use em business capital take invest for bitcoin except say the person na one of those people wey believe say bitcoin na get rich quick scheme. The truth is that we can make investment in bitcoin and expect returns in few days or weeks majority of the person who we like to be like in terms of bitcoin investment are long term holders. Short term trader might make money by buying the dip and selling when price increases a bit but how much of profit do they make, or how relevant is the profit. They may likely spend it all on some bills and it all gone meaning they'll start again from their capital where as bitcoin price is increasing and before you know it the relevance of their capital is not worthy anymore.

We need discretionary income to invest in Bitcoin. So if we say that we should not invest using business money, it will not be completely correct. Currently, there are many big companies whose main purpose is to invest in Bitcoin. So if we invest our money with the right plan, we can invest any money.

But, I agree with @op to some extent. Among new investors, there are many investors who cannot manage money properly for investment. They become very aggressive while investing. They invest all the money at once without any future plan. Later, when they face financial crisis, the only way is to sell the investment, which is the worst moment for an investor. Therefore, we should do business with proper planning rather than using business money. In this, we can continue investing in the long term using the return money we get.

Otherwise, which money you use to invest is completely your personal choice.

E get some things were nor even suppose need explanation. Anybody wey go carry their business funds go put for Bitcoin, na dem go face the wahala if market turn against them. You don’t risk the very source of your daily bread just because you dey chase profit, e nor make sense..

Like you talk, the smart way is to use profit or surplus, not the main capital. Business money na to keep the business alive, but once you start dipping into it for Bitcoin investments, you dey put both your business and yourself in danger..

The possibility of losing money in investing in Bitcoin with the idea that there will be only profit, especially for those who are determined to invest in short-term. Investors who are trying to invest in Bitcoin   from a business, should be more careful. If the price of Bitcoin decreases later by investing money in a business for quick profit, the business will also lose money, as well as the Bitcoin investment. Therefore, the best way to invest in Bitcoin is to accumulate bitcoin particularly following DCA with discretionary income, then in the long run it can be profitable.

OP you are right but there are many posts on this forum that has emphasized on the reason why people should not use money that is ment for their business, for the purpose of investing in Bitcoin. This is more of repetition of post which is against the forums rules and regulations and you can get into trouble. So next time before you create a thread make sure that there is no existing thread related to what you want to post.

Yes It is not financially healthy to use your business capital for investing in bitcoin it is considered red high risk
And the question is "if your business can afford to loose its entire investment"
Even if it can, how will you deal with the lose, remember money your investing should be money that your willing to loose, and not money your dependant on for survival, No matter how that opportunity or investment look attractive you should not take high risk buy risking 2 business at the same time that is just wild.
Your profit can be used and not your capital.
Even market experts advice not to take such high risk.

Bitcoin is very volatile in nature. So here you have to invest with money that will be left over after meeting the needs of a person's daily life. You should invest in Bitcoin with money that will not be affected by any obstacles. Now you are doing a business that is not yet strong. That is, you will have to pay employee bills or shop rent bills from the profit you get from the business at any time, that is, the money that will be needed after two days, such money cannot be invested in Bitcoin. Again, you cannot invest in Bitcoin with borrowed money. Investing with such money will not achieve your main purpose. Business money can be invested in Bitcoin only when there is money left after meeting all the needs, even if your business is not at risk.

Your business funds should go into your business and not any other thing...in as much as Bitcoin investment is profitable it is still risky, putting your business money means you are willing to accept whatever comes after that action that you have taken. Investing with your business money can crash your business...Bitcoin investment needs a separate capital for it, any amount of money that's meant for your business is a no

When investing in Bitcoin, you always need to have alternatives for your survival. It is not right to pour the profit from any business completely into Bitcoin. Because the money of the business is needed for the rotation of the business. In order to keep the business stable and grow the business and to back up the business from business losses, all the profits of the business should not be invested completely elsewhere.

Similarly, investing in Bitcoin should never be done in a hurry or pouring money into Bitcoin out of emotion, as there is a possibility of disappointment when the price falls, which can make a bad impression on the new investor after making the first investment or turn away. Therefore, it is best to make a planned long-term investment with basic knowledge about Bitcoin, although there has been a lot of discussion about this in the forum in the past.

And to even add join, e no suppose be only business capital wey person no go touch, even the profit wey the business dey generate no suppose 100% enter Bitcoin. Na just small portion fit go Bitcoin, but the bulk of am suppose still go back inside the business to grow am stronger.

Because na how healthy and stable your business dey, go really determine how consistent you fit dey invest in Bitcoin without stress. If business dey solid, Bitcoin investment go just be like extra stream of wealth, no be gambling with your survival..

Using business funds meant for restocking or repurchase is one the very major reasons they ignorantly label Bitcoin investment a 'scam'. People find it difficult to understand that investment is not a 'get-rich-quick' scheme, that is why they grumble when they don't see their hilarious and exaggerated profits after days or weeks of putting in their business funds

The earlier people realize it's a long-term investment, the better.

Although it is certain some people don't know the strategy of the business they are jumping into such as Bitcoin, in Bitcoin it's a nice you invest your discretionary income than the main capital of your business, if you already have a business you are running and you still have interest in investing into Bitcoin don't use your capital of your business rather use the profit that may not affect your business .

The only money that can be used in investing in Bitcoin is the discretionary fund, using any other funds outside this  particular funds is not that advisable it can make you start deeping hands in to that investment even if you eventually invested. Bitcoin is  very easy and opened to all set of financial people, either the rich or the poor is just for you to go with the rightful approach which is the discretionary funds.

Just set up a long term target at least 5 to 10 years, figured out your discretionary funds and  you are good to go.

Business funds should always stay in the business because that is what keeps it alive and growing. Using it for Bitcoin fit  backfire, and if the market come swing the wrong way you fit end up hurting both your business and your investment at the same time.

That is why it makes sense to only use money you can afford to lock away, just like you said, discretionary funds. That way you can set your long term target and stay patient, not feel pressured to pull out when things dey shake..

Why will you even use the money which is suppose to be used for business to invest in bitcoin, e no make sense to me, make u start ur business, any profits wey you Dey get from your business, you fit Dey use am guide urself, and u go fit Dey use some buy bitcoin. I no go every advice anybody make him use him business money buy bitcoin, and make I no lie, people wey really Dey do things like that, dem no go fit hold bitcoin for long term, most of them fit get small problem, dem go just sell investment use d money solve d problem, but if business Dey, dem no go even Dey reason go there investment side if problem Dey.

I see some kin truth for wetin you talk na good thing on a normal note to invest in bitcoin with little portion of your profit, I nor know why some people for the thread dey talk say e no make sense... And normally before you go even think say you wan even invest in the first place you  must first settle all your bills, then save some portion, then the remaining portion  fit enter Bitcoin because na still part of investment......

True talk, people just dey jump into Bitcoin without proper planning, and na there wahala dey start. Like you talk, person suppose first settle all e bills, handle important things, then use part of e savings or profit invest small  small…That way, even if market shake or price drop, e no go affect your normal life. Bitcoin na long term play, e no be something you rush into just because people dey hype am.
The best way na to invest watin you fit hold for long without stress, and over time, that same small portion fit turn to something big…

When we invest in assets like Bitcoin, we must keep in mind the fluctuation of its price. And we must maintain our financial planning, awareness, and responsibility in Bitcoin investment. And we should invest as much money as we have left after fulfilling our basic needs and the money we lose will not affect our lives. There are many who enter the investment with their business capital. But this decision is most often risky and counterproductive. When someone invests with business capital, they will make a very quick profit, but if the price reverses and decreases, they lose their business capital. Business capital should be kept separate with proper planning and that part should be invested that will not cause any harm to daily life if lost. I think that buying Bitcoin with the necessary capital is not safe and this issue should be taken into account by responsible investors.

One major problem with people wey just dey enter the market na besay, them think say bitcoin na all these get money quick schemes them wey dey pay off instanta and that na why with small increase them don sell the coin, though dem dey in profit but in the near future dem go understand say no be all these small small wins be the real deal for bitcoin investment. Because when you continually do this one, e go get time wey you seff go dey observe say your buying power Don dey reduce even if you keep the capital constant. The best thing na to invest keep for long period of time, and make the investment money no be money wey you suppose take do one important thing.