Be at least good before building wealth

[Obulis]

To be successful in any investment is not based on your eagerness to start it but the discipline, capacity and ability to be able to sustain that investment.

This is the major reason I dy talk am say before you start to dy invest in Bitcoin, you must have a source of income because na true that income you go use take care of yourself and other basic needs, because if you never fit take care of yourself, you no go fit sustain that investment because time time you go dy dip your hand there to use arrange one or two to keep body and soul together, so having a source of income is a must.

Another thing wey wey no surpose use play when it comes to Bitcoin investment is emergency funds, emergency funds stands as a shield against anything wey wan make us temper with our holdings in the future, so as a Bitcoin investor, if you no get emergency funds in place, e go be just a matter of time before you start tempering with your holdings once a serious emergency situation arise, so sustaining our investment na one thing we surpose no use play before we even start, because to maintain or sustain something dy hard pass to even start, but most people no know.

Honestly, just like parents and children, your parents na person pickin, now you na pickin to your parents and go get or already get your pickin. By responsibility na taking care of this parent and pickin of a thing dey try point ... This analogy is just pointed towards the cares that a new business needs as explained by @futurexxx. This child needs care by the parents to have that standing needed to face stormy periods.
Bitcoin investment must be treated as a child, having something to support daily needs will provide the milk required at the basic level which might be for a little while or longer.
Businesses / investments can easily fail under the condition that the owner is already handling it as a philanthropist (that's taking freely from the business when what is needed is good milk (cares)).
To say, all that care no be guarantee say the investment go stand but na a way of healing possible road blocks to new ventures.

[Salahmu]

So many post on how people can save bitcoin for 10, 20 or even 40 years and become Wealthy afterwards. This is possible but if you have not built your financial life To a good degree it is easier said than done.
Some people think that the problem is impatient and if anyone can just have patience for a long term then they should be rich, how can you have patience when you haven’t even worked on yourself. as human there are always needs, some of this needs are even more pressing than your investment plans.

What a brilliant point because patients is only like a mindset investor should have if after they already have the money and has acquired a lot of Bitcoin that's when they just need to learn about being patient so that they will not miss the market value for them but if there is no money patient becomes nothing because waiting without investment cannot give you anything profitable. However Bitcoin investment is like how our people usually say about university that you don't have to keep all the money that will serve you till you graduated but at least when you have the kind that would go a long way then you can start and before that would be exhausted other ways would have open, so that's how Bitcoin investment is, you cannot have all availabilities before you will be satisfied but so long as you are not lacking everything you can do it.

[Odusko]

First of all if you are a Bitcoin trader or just an investor you must definitely pay bills and a sustainable life before you dive into holding Bitcoin for the long term sake, this is because at some point what makeost people to lose in the Bitcoin investment is weak hand to sell off they Bitcoin when they face financial challenges, and since their lack other ways of solving such financial issues the tend to break their investments and regardless of what the price is at that time they will not mind since their are in a financial emergency.

[laijsica]

In fact, Bitcoin investment is recommended for long-term accumulation. Try to continue Bitcoin regularly for a decent size of your portfolio. The ideal time frame may be 4-10 years.

Yes, not having enough in proportion to the urgent needs of a person makes him poor and he cannot think about investing if he cannot meet his basic needs. If there is no money in investment, patience or impatience become irrelevant. It is recommended to accumulation Bitcoin from Discretionary income after meeting the needs of your family. You can exercise your own freedom/strategy in investing and in that stage any amount of accumulation.

Before investing, you should examine your interest and your source of income to continue in the long term and decide how reliable its stability is after each verification. The time of starting investment is more important for you because if you have a sustainable source of income that is dynamic, it can be easier to formulate a long-term strategy.

[odunybiz]

40 years may seem like a long time for one to hodl bitcoin but aren’t we being encouraged to do that with real estate. African parents can’t seem to stop talking about the advantages of buying lands and investing in real estate for long term, real estate investments is very popular in Nigeria I don’t understand why people don’t see bitcoin the same way. Is it because of ignorance or that they only see bitcoin as get-rich-quick scheme?

Buying and selling land is a business that has been in existence since the time of our fore-fathers. And because of the appreciating nature of land, alot had made good profit from it. This is what modernization has now turn to real estate today. Nigerians are mostly one way business oriented, so it will definitely take much time before their attention can be diverted to Bitcoin. I think in some year to this time, Bitcoin may get to replace real estate as it publicity keep increasing on daily basis.

[Derekfunds]

40 years may seem like a long time for one to hodl bitcoin but aren’t we being encouraged to do that with real estate. African parents can’t seem to stop talking about the advantages of buying lands and investing in real estate for long term, real estate investments is very popular in Nigeria I don’t understand why people don’t see bitcoin the same way. Is it because of ignorance or that they only see bitcoin as get-rich-quick scheme?

40 years doesn't seem to be like a long term for one to hold Bitcoin but rather it is very a long term for someone to do that, I mean that is like a life time investment. Just imagine someone started holding at the age of 25 years because this is the age I know that an average and vibrate  Nigeria can start seeing money or working to the point of starting investment and if he or she hold for 40 years, that means they will be at 60 something years by then and you know how 60's always look in Nigeria and so when will the person enjoy his or her holding.