Bitcoin Forum

When it comes to investing in Bitcoin, I personally know some folks out there who often  get it wrong, by neglecting the importance of a good cash flow management and only prioritize how how much Bitcoin they can buy and when and where they can buy it.....Now when we talk about Cash Flow Management, it talks about understanding the flow of your money in such a way that you know how much you earn(receive) and how much goes out (expenses) it also talks about properly identifying your main expenses and how to plan and channel the left over money from your income in such a way that keep you stable and consistent in the long run.

Good flow management isn't just needed during our Bitcoin journey, it is also important prior to it.......This is coz starting out without properly managing your cash-flow, will make you struggle to find your discretionary income( which is the left over money that is need for investment), and even if maybe by chance you realize your discretionary income, you may be probably forced to sell.off during any small financial distress, coz you must have mixed up one funds for the other. Truth be told lots of folks  tend to experience lots inconsistency and regrets in their bitcoin journey, not becoz they don't believe in it, but coz they don't know how to properly manage their cash flow and as such ends up mixing up their investment money with their money for spending.

That is why if we really want a long term successful Bitcoin journey, in addition to all other necessities, it also important that we practice a good cashflow management.

Having a good investment plan covers all this areas, and that is why before you start your bitcoin investment journey, you need a better investment plan that align with your finances.

I once create a  thread  (https://bitcointalk.org/index.php?topic=5562544.msg65928584#msg65928584) that explain how pesin go fit create an investment plan wey go fit better with his finance and e no go cause any burden or situations that will make the goal unarchivable.

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Going back to the topic, having a good cash flow management is very much important in every type of investment that requires long term consistency in investment and Hodling because if you don’t have cash flow management, how do you want to keep up with your expenses? As the OP has highlighted, cash flow management should be considered in every investment to avoid any situationship wey go make you no fit keep up to the investment again.

it is only a nonchalant investor that does not pay attention to details as this and for such an individual, he can only invest for so long afterwards his inability to effectively manage his cash flow will tell on his investment. there is the general saying that goes that he that has failed to plan has invariably planned to fail and that without missing words.

proper capital management, proper budgeting, making allocation for an emergency fund as well as setting up everything that helps give a successful investment all contribute to produce a seamless investment flow.

Who starts a thing without proper check and planning, then that person already failed. In an investment such as Bitcoin, that demands your consistent input of income, one must not fail to plan our things, especially what your plans are and how you would love to acquire bitcoin, in what speed and how often, plus how long you would plan to be in the investment system, and all these must be hinged on your level of income so that you don't screw things up.

Therefore, the first thing an investor should consider in the beggining is his income, yea, because everything revolves around it. So a proper income allocation and management analysis is very important for the potential investor. This is to aid him not putting in money in wrong places since he is now out in a journey of years, accumulation of bitcoin.

Cash flow management or financial management be di same thing, both of dem center on how you de take manage your money and to manage your money effectively you need to get budget for expenses. Before you go enter into Bitcoin investment you need to know weda your income reach you to take care of your basic expenses like food and rent. If you no get discretionary funds meaning say your income de only reach you to take care of your essential or basic needs you never qualify to enter Bitcoin investment. Bitcoin na long term investment wey be say e no de advisable to sell wen e never mature because e de volatile and you fit to sell at loss.

Before you go enter Bitcoin investment you need to first make budget on how you want to spend your income, you go get a scale of preference meaning say you go first allocate money to di most important needs wey you get. Bitcoin no supposed to be among your top priority for your list because you no need am to survive. Investments na secondary needs so if you get surplus to fund your discretionary purse na dat time you go fit to conveniently do DCA method for a long term without stress.

 To invest in Bitcoin good oh, especially when you intend to hold for long but e dey advisable to get something wey dey bring in extra cash so that e no go too warrant one to dey always touch the Bitcoin holdings. Some people no Sabi balance their finances no matter how big the pay be, because them go feel say as e big, when them carry am solve the necessary things for the house, change go remain but most times as the Op mention, e dey wise to get a form of check and balance so we fit make good account of the money.

This one no be for only bitcoin investment but for all investment because how you won take know how to manage your business when you know get good cash inflow management. Anything wey you put your hand go collapse. Bitcoin own na e worse pass because if you go use money wey no be your extra money invest, na gbeke you don enta because your mind no go dey at rest and you go finally sell the bitcoin for gbanjo price if bitcoin price use head dey go ground and you need to cash out.

This can be a basic personal need in Bitcoin investment to protect your investment. Good cash flow management I believe is part of a measure of figuring out how to protect your Bitcoin over as long as you want to https://bitcointalk.org/index.php?topic=5487753.msg66039948#msg66039948 (https://bitcointalk.org/index.php?topic=5487753.msg66039948#msg66039948).

All some investors actually need is good cash flow management practices, this can help avoid tapping into their investments unnecessarily.

Exactly, if you don't know how your money is moving then you wouldn't know if you are making profit or losing and this is mainly the case with some of the street businesses you see around yourself everywhere themselves days, they are making profit but they don't know how much so it's hard for them to tell when the market is bad or good for business, this affects every kind of investment, bitcoin investment isn't excluded from it, if you cannot tell you discretionary income apart from the others then you wouldn't know when you will start investing with the wrong money and your losses can become immeasurable fast.

In other to be very successful in bitcoin investing, proper planning is very necessary. Knowing how to allocate your fund goes a long way. The money for investment should not be used for expenses and the money meant for expenses should not also be used for investment, it is viceversa and once you begin to mix up your funds, you will automatically run into confussion because of improper allocation and fund management.

As an investor, it is necessary you exhibit the spirit of good financial management regarding your bitcoin investment to enable you move on the right track of investment as you ensure proper allocation of your fund.

Yes,. It's true that when it comes to effective and successful Bitcoin investment, that individual needs to have a sustainable source of income through which he/she relies on, while his investment in Bitcoin is left untouched till his desired time frame. Because without a sustainable source of income, it will be very hard to hold on to your Bitcoin without selling in a long term. While secondly, Bitcoin is far better than investment in fiat in our traditional banking system. As it is prone to inflation, unlike Bitcoin whose value likely to skyrocket high.

Having a good investment plan is a vital tool that engenders a good investment that would yield adequate profit at the end which is the main purpose for investing anyway!, Just like the old saying, the way you make your bed, that's how you lie on it, failure to have a good investment plan could ruin your chances of getting a good profit or meeting your set goal, it like putting the cart before the horse, and if you want to have a good investment then you have to set goals, targets, these would help determine how far you go with your investment.

Having a steady and sure cash flow is actually one factor we need when we intend to invest in Bitcoin for long term. Because without a consistent income, it will be difficult for an individual to invest and hold long term, as he may be tempted to sell. Hence, proving the fact that to be a successful Bitcoin investor, at least you should be able to effectively manage your cash flow income.

This thing way you talk so de very correct, and because of this same thing, Na de make businesses and even other forms of investments way no be even Bitcoin/any crypto related investment to crumble. When na em be the only source of income, everything de positioned under am, with am nothing fit work. I done experience this same thing years back for this my crypto journey, here for the forum, knowing very well say without physical cash way de support day to day expenses, my crypto investment journey no go least, of which Na true, way even make, I no fit de sub for myself during that period, I come de totally offline. During this period, Na I take go learn skills way go fit de drop the least cash inflow on daily basis, to take de handle expenses, and so far this method done help the stability of my Bitcoin/crypto investment.

E de good to get side/main income source to avoid eating every profit for investment way person make.

Having a proper cash flow management doesn't only apply to only investment relating to Bitcoin but in every business investment that you goes into. Before anyone should think about investing in a y business such a person must first of all have a financial income system so that if the money is been invested into any particular business the effects will not be felt negatively. Before investing in any business one has to take into consideration other aspects of their life because it's important to have a balanced life because there are bills to be paid. This is the reason why exparts in crypto currency will always advise individuals to only invest money that is not budgeted for anything to invest. Because Bitcoin is one thing that will take a while before one can be talking about profit so for this to happen it's important that a good financial management practice be part of anyone thinking about investment in Bitcoin.

Today many businesses or investment collapse as result of the hidden facts of good cash flow management system, where the business man or investor over dependent on the business or investment to solved life facing challenges. No Bitcoin investor or other business will survive when your investment is heavily solving all life challenges, a good management system where other cash flow to relieve the investment is very important. That's why is important while going into business one need allocate certain fund or money to tackle some life issue that may arise as many may even go as far as saving for unforseen circumstances because constantly touching your investment is poor management that reduces the investment growth. Any major investment or business that thrive well trace the root is not far from a good cash flow where the management is properly hand as some may be as a result of diverfying with other minor which helps in curving out certain financial demand.