Balancing Financial security and Bitcoin Accumulation

[ZeroVinsonN]

Those who basically spend 80 percent of their income on basic family expenses. If they start investing without creating an emergency fund and suddenly their expenses increase and they fall into a financial crisis or disaster, they will not be able to maintain their investment.

People's income and expenditure are not fixed. Some people have much less expenditure than their income and some have much more expenditure than their income. However, normally those who have a discreet source of income may have an expenditure of 70-80 percent of their total income. The money left after expenditure is basically discreet money which is needed for investment.

Now, there is no need to deposit this discreet money in the emergency fund at the beginning, especially for investment. Because your investment fund has not become valuable yet. So there is no need to pay much attention to the emergency fund at the beginning, rather you try to pay attention to investment at the beginning. Emergency fund becomes important for you after starting investment. If your discreet income is very high, then you can also focus on building an emergency fund along with investment. Remember, there is not much need to buy rope before buying a cow. So delaying investment to build an emergency fund will not be the right thing to do.

These isn't much difference between people who are building up their emergency funds instead of investing and people who are trying to understand and know everything about bitcoin before investing, at the end of the day both parties are wasting valuable time contemplating on irrelevancies, at the end of the day building an emergency fund is important but you should not be doing so at the expense of you bitcoin accumulation, instead do both side by side, the only reason a person bitcoin accumulation should be delayed is if they do not have the discretionary income to continue investing, in situations like this it's best to first put your financial standing in order so as to avoid having to sell too early.

I will never be in favor of delaying investment for anything, first of all you have to start investing, if you have discretionary income then start investing immediately and then prepare everything, all the necessary things including emergency funds, but start investing first, investment is a long-term asset, it must be held for the long term, but where you suddenly need money unexpectedly, but then if you do not have emergency funds, then you will be forced to sell at the worst possible time, and that will be the reason for your Bitcoin investment failure. So creating financial stability is also very important and taking the necessary steps to keep the investment safe, but first of all start investing.

As long as you have your discretionary income available then you have no reason to delay your bitcoin investment, since there is no practical advantage to delaying one's investment plans, but if you don't have a discretionary income then delay your investment until you've set yourself up financially, this is because without a discretionary income any investment made would be made by sacrificing an essential need, what exactly do you plan on sacrificing?? Your feeding?? or your accommodation if you are paying for it?? or basically any other essential you need? After considering all of these, you then realise that bitcoin investment is only possible if you have a discretionary income available to you and this can only be available if you have settled all of your essentials first.
So as long as you have your discretionary income available to you then you have no practical reason to delay your investment, but after paying for your essentials you end up having nothing left, then you don't have anything to invest with, in a situation like this one, you are expected to build up your finance to a point where you have a discretionary income available to you first, after which you can start investing.

[Byebyebtc]

We must be very aware in financial management, no matter how much we earn, we need to balance spending, saving and investing intelligently from within, people can consistently maintain an investment with any amount of money they want, many people think that only high-income people can invest in Bitcoin, those who think like this are definitely stuck in the wrong mindset, Bitcoin investment is for everyone, whatever your income, whatever amount you have, just keep depositing it consistently, then it will continue to grow over time, there is no need to invest a large amount of money at once for Bitcoin investment, rather consistency is the most effective strategy here.

Continue to buy consistently and create an emergency fund to protect your investment, be sure to prepare the necessary things, try to strengthen your income, and continue to deposit consistently, completely ignoring the volatility of Bitcoin, then it can bring very good results in the long run.

The biggest mistake people make is believing that investing in Bitcoin is reserved for those with big money, when in reality it is the opposite. Bitcoin was designed so that anyone, no matter their income level, can participate and build wealth gradually. What really matters is consistency and discipline, not the size of each purchase. Even small, regular deposits over time can turn into something meaningful when combined with Bitcoin’s long term growth.

If anything, the smarter path is to focus on balance. Spending wisely, saving for emergencies, and using discretionary income to stack Bitcoin creates a safety net that protects the investment from being sold in difficult times. Ignoring short term volatility and staying consistent ensures that the habit of accumulation becomes stronger than emotions. Over time, that combination of discipline and patience is what separates successful long term investors from those who give up too early.

This mindset of BTC is only for the rich have denied so many the chances to try out the possibility behind Bitcoin to talk of being consistent as required by every other business. One of the joy is having the chance to invest in a big name as Bitcoin!! With even little amount of money, much interesting being aware or inform of DCA, unlike other investment opportunities that are crystal clear for only the rich.
Investing as little as one can afford into Bitcoin is more reason to avoid short-term volatility by being patient enough because this will somehow help in balancing financial security while accumulation is on a gradual go as consistent as possible.

It is lack of basic knowledge of bitcoin that makes some people to think that bitcoin is very expensive. Those that have a basic knowledge of what bitcoin is will never conceive such a mindset. Bitcoin can be accumulated in fractions this characteristics makes it easier for low income earner to be able to accumulate bitcoin making it possible for everyone to be able to venture into bitcoin accumulation

It's ignorance that causes the facts that up till now in 2025 people still think that you have to earn a large amount of money before you can invest in Bitcoin,
Individuals are even stuck, deep down they want to partake of this investment but because of their thoughts they stay back and look for a way to get a better income
This is another reason wow this forum is very important in the society, to get to make people know about how investment is done especially in Bitcoin
Make use of DCA strategy and and invest money consistently every week with a fixed amount. you must not be rich before you can invest in Bitcoin, bitcoin is here for everybody it's a long-term investment after 10 years you'll r realize how big your reward will be

[Gost ms]

As long as you have your discretionary income available then you have no reason to delay your bitcoin investment, since there is no practical advantage to delaying one's investment plans, but if you don't have a discretionary income then delay your investment until you've set yourself up financially, this is because without a discretionary income any investment made would be made by sacrificing an essential need, what exactly do you plan on sacrificing?? Your feeding?? or your accommodation if you are paying for it?? or basically any other essential you need? After considering all of these, you then realise that bitcoin investment is only possible if you have a discretionary income available to you and this can only be available if you have settled all of your essentials first.
So as long as you have your discretionary income available to you then you have no practical reason to delay your investment, but after paying for your essentials you end up having nothing left, then you don't have anything to invest with, in a situation like this one, you are expected to build up your finance to a point where you have a discretionary income available to you first, after which you can start investing.

Delaying investment until one is financially established is not a wise decision. If a person can generate discretionary income from his main income, he can invest. If a person waits to invest until he is established, he may miss out on many buying opportunities and there is no certainty that he will be successful or not. Therefore, a person should find a source of discretionary income through proper financial management and invest accordingly.

[ZeroVinsonN]

As long as you have your discretionary income available then you have no reason to delay your bitcoin investment, since there is no practical advantage to delaying one's investment plans, but if you don't have a discretionary income then delay your investment until you've set yourself up financially, this is because without a discretionary income any investment made would be made by sacrificing an essential need, what exactly do you plan on sacrificing?? Your feeding?? or your accommodation if you are paying for it?? or basically any other essential you need? After considering all of these, you then realise that bitcoin investment is only possible if you have a discretionary income available to you and this can only be available if you have settled all of your essentials first.
So as long as you have your discretionary income available to you then you have no practical reason to delay your investment, but after paying for your essentials you end up having nothing left, then you don't have anything to invest with, in a situation like this one, you are expected to build up your finance to a point where you have a discretionary income available to you first, after which you can start investing.

Delaying investment until one is financially established is not a wise decision. If a person can generate discretionary income from his main income, he can invest. If a person waits to invest until he is established, he may miss out on many buying opportunities and there is no certainty that he will be successful or not. Therefore, a person should find a source of discretionary income through proper financial management and invest accordingly.

So should a person invest without discretionary income???
I'm not in support of delaying a person's investment but you can only invest if you have the finance to invest with and your discretionary income is what fills this role. In a way you are just restating what I've already tried to establish, if a person wants to invest, they should make sure their earnings can generate discretionary income for them to invest with if you can't, then work on your finance until you are able to.

[Futurexxx]

As long as you have your discretionary income available then you have no reason to delay your bitcoin investment, since there is no practical advantage to delaying one's investment plans, but if you don't have a discretionary income then delay your investment until you've set yourself up financially, this is because without a discretionary income any investment made would be made by sacrificing an essential need, what exactly do you plan on sacrificing?? Your feeding?? or your accommodation if you are paying for it?? or basically any other essential you need? After considering all of these, you then realise that bitcoin investment is only possible if you have a discretionary income available to you and this can only be available if you have settled all of your essentials first.
So as long as you have your discretionary income available to you then you have no practical reason to delay your investment, but after paying for your essentials you end up having nothing left, then you don't have anything to invest with, in a situation like this one, you are expected to build up your finance to a point where you have a discretionary income available to you first, after which you can start investing.

Delaying investment until one is financially established is not a wise decision. If a person can generate discretionary income from his main income, he can invest. If a person waits to invest until he is established, he may miss out on many buying opportunities and there is no certainty that he will be successful or not. Therefore, a person should find a source of discretionary income through proper financial management and invest accordingly.

So should a person invest without discretionary income???
I'm not in support of delaying a person's investment but you can only invest if you have the finance to invest with and your discretionary income is what fills this role. In a way you are just restating what I've already tried to establish, if a person wants to invest, they should make sure their earnings can generate discretionary income for them to invest with if you can't, then work on your finance until you are able to.

You are very correct here, and I think that we both share the same sentiment on this issue, because any investment done outside your discretionary income is doom for failure, so if your income is too small to generate a discretionary income, you should be working on improving your income so that you can be able to afford a discretionary income from it, not investing from money meant for your basic needs because you can't wait till you figure out your discretionary income or improve your finances, so that you can figure it out from there.
So what am trying to say is that if your income is too small to afford a discretionary income, then you may have to work on your finances and wait. And while doing that you may use that time to invest in getting more knowledge on Bitcoin and how to go about your Bitcoin investment, so that it will be a success once you get started .

[gracreavix]

...There is no need building an emergency funds to protect your bitcoin investment when you don't have any bitcoin because you have nothing to protect...

I think this your statement is very wrong. Emergency funds is very important for anyone whether they are investing in bitcoin or not. Since  emergency situation like paying of hospital bills, car repairs , accident etc, this are situation that we don't have control over hence there is need to have an emergency funds since since such emergency situation doesn't just occur to bitcoin investors alone. Having an emergency funds before investing in bitcoin will help in protect your assets.

I get you Proty, and of course, I’m not denying that having an emergency fund in life is important..  Everyone needs something put aside for unexpected events. But this particular discussion is about Bitcoin, and that is why I don’t agree with putting the emergency fund before actually owning any Bitcoin at all. The truth is, the first real step is to start stacking, even if it is very little.. you should not delay by saying let me first save this, let me first prepare that and by the time they’re done planning, the market has already moved.. the people who gained the most from Bitcoin are those who actually started, not those who kept waiting for the perfect moment..

So in my view, the smarter move is to get into Bitcoin first, even if it is just $20 or $50 a week. Once you’ve started building your bag, you can then think about balancing it with other financial tools like an emergency fund. But delaying investment completely just because of that will only hold you back. Bitcoin does not wait for anyone you either start stacking now and grow with it, or you keep postponing until the opportunity passes you by…

[Proty]

.


I get you Proty, and of course, I’m not denying that having an emergency fund in life is important..  Everyone needs something put aside for unexpected events. But this particular discussion is about Bitcoin, and that is why I don’t agree with putting the emergency fund before actually owning any Bitcoin at all. The truth is, the first real step is to start stacking, even if it is very little.. you should not delay by saying let me first save this, let me first prepare that and by the time they’re done planning, the market has already moved.. the people who gained the most from Bitcoin are those who actually started, not those who kept waiting for the perfect moment..

So in my view, the smarter move is to get into Bitcoin first, even if it is just $20 or $50 a week. Once you’ve started building your bag, you can then think about balancing it with other financial tools like an emergency fund. But delaying investment completely just because of that will only hold you back. Bitcoin does not wait for anyone you either start stacking now and grow with it, or you keep postponing until the opportunity passes you by…

For someone with discretionary income that doesn't have an emergency funds, they shouldn't be deter from buying bitcoin simply because they don't have an emergency funds. They can be buying bitcoin and at the same time while working on getting an emergency funds,this can be achieved by investing a certain percentage of our discretionary income into bitcoin and the remaining percentage to our emergency funds. However, emergency funds is essential for everyone both those that are investing in bitcoin and those that are not investing in bitcoin since since unexpected events can happen to anyone.

[Xhowdhury]

Secondly, Bitcoin is compared to gold as a store of value. Which is what almost everyone compares. But have you ever seen someone buying gold with debt?

There likely have been people using debt to buy gold, especially if they believe that they are in a period in which gold prices are about to go up, yet, sure, it may well make less sense to borrow money to invest in gold since gold is largely a mature asset class that may not have as much chance of upside.

If someone buys gold on loan, then to me it seems more of a hassle than a profit. Because, the price of gold increases slowly. Usually on average 3-7% per year. On the other hand, the interest on the loan can be 8-16% per year or more. In this case, there is a risk that the cost of the loan will be more than the profit. It may not be possible to hold gold for a long time due to the pressure of the loan.

JayJuanGee Sir, what you mentioned that perhaps some people have used loans is very true. But their method may be different. It may also be that they have taken the loan from someone they know. The acquaintance may not take part in the interest or profit of the loan. Or it may be something different.

Actually, no one does that. It seems completely unreasonable. If we consider it unreasonable to buy a stable asset like gold with debt, then taking a loan to buy a volatile asset like Bitcoin seems even more unreasonable to me. What do you think?

You are arguing nonsense, even though sure it might not be a good idea to take out loans to buy bitcoin, yet you surely have not argued any kind of a convincing point of view.

JayJuanGee Sir, maybe my statement did not sound convincing to you. The main purpose of my statement was to explain that the risk level in investing with debt is so high that if the market goes in the opposite direction at the wrong time, it can seem like a death sentence for the investor. However, I admit that sometimes there can be a possibility of opportunity in investing with debt. It is like light and shadow. Just as light creates shadows, bad things hide behind good things. Bitcoin has been providing opportunities to investors for more than a decade. It will continue to provide opportunities to investors for many decades to come. The real goal of Bitcoin is not to jump into risk blindly due to the hunger for quick opportunities and dreams of profit. Rather, by prioritizing one's basic needs. Long-term investment with extra money can be the success of all of us.

[Cossyblack]

So should a person invest without discretionary income???

No! No! Sir,I don't support it because investing outside of your discretional income is seen as gambling. It's better to use your discretional income to buy Bitcoin no matter how little the size.  That little amount of discretional income you will be using to buy Bitcoin consistently can produce a substantial quantity of stash for you in the long run. Every little time, energy and resources invested into bitcoin counts .

if a person wants to invest, they should make sure their earnings can generate discretionary income for them to invest with if you can't, then work on your finance until you are able to.

Well said bro but let me contribute to your point.people shouldn't rush to invest in Bitcoin when they don't have a Discretional income to buy.it simply means they have a lot of confidence in Bitcoin but aren't ready financially. It's worth the time to wait and all the patient until they have secured earnings that can produce a Discretional income to buy Bitcoin.

[SPIDERMAN008]

It's ignorance that causes the facts that up till now in 2025 people still think that you have to earn a large amount of money before you can invest in Bitcoin,
Individuals are even stuck, deep down they want to partake of this investment but because of their thoughts they stay back and look for a way to get a better income
This is another reason wow this forum is very important in the society, to get to make people know about how investment is done especially in Bitcoin
Make use of DCA strategy and and invest money consistently every week with a fixed amount. you must not be rich before you can invest in Bitcoin, bitcoin is here for everybody it's a long-term investment after 10 years you'll r realize how big your reward will be

One thing we need to understand now is that we cannot buy Bitcoin at the price it was at in 2016 or 2017 even if we want to. This opportunity may never come again in the future. This does not mean that we cannot invest in it a little. In fact, analyzing the data of the past, it can be understood that the longer you invest in Bitcoin and hold it, the more profit you can make. Now, you have to buy less Satoshi in Bitcoin with a lot more dollars. But Bitcoin has the possibility of being several times higher than the current price after a long time. If from now on, if you can follow DCA and invest regularly, even if it is less, then maybe after 4 to 10 years, even if you cannot accumulate a whole Bitcoin, you can expect to make a lot more profit than the total investment. So, it is more important to start investing in Bitcoin, whether it is more or less money. If you have discretionary income, then you should invest with that little bit.

[Mehmet69]

Delaying investment until one is financially established is not a wise decision. If a person can generate discretionary income from his main income, he can invest. If a person waits to invest until he is established, he may miss out on many buying opportunities and there is no certainty that he will be successful or not. Therefore, a person should find a source of discretionary income through proper financial management and invest accordingly.

I disagree with you. If a person is not financially stable, how can he invest? You say that one should not wait until he is established. I do not understand what you mean by established. We know that a person has a source of income every week, month or year with which he meets his complete needs. We understand this condition as established. If a person does not have a flow of money to meet his daily expenses, how can he invest?

For discretionary income, a person needs to have a weekly, monthly or annual income. The money that is left after all the expenses of himself and his family is discretionary income. That money needs to be used for investment. To achieve discretionary income, a person needs to have a proper financial flow. This financial flow is what it means to be established. So if a person is not established, he should not invest. Even if he starts investing after he is established, he will definitely make a profit after a certain period of time.

[ASloveapg]

.


I get you Proty, and of course, I’m not denying that having an emergency fund in life is important..  Everyone needs something put aside for unexpected events. But this particular discussion is about Bitcoin, and that is why I don’t agree with putting the emergency fund before actually owning any Bitcoin at all. The truth is, the first real step is to start stacking, even if it is very little.. you should not delay by saying let me first save this, let me first prepare that and by the time they’re done planning, the market has already moved.. the people who gained the most from Bitcoin are those who actually started, not those who kept waiting for the perfect moment..

So in my view, the smarter move is to get into Bitcoin first, even if it is just $20 or $50 a week. Once you’ve started building your bag, you can then think about balancing it with other financial tools like an emergency fund. But delaying investment completely just because of that will only hold you back. Bitcoin does not wait for anyone you either start stacking now and grow with it, or you keep postponing until the opportunity passes you by…

For someone with discretionary income that doesn't have an emergency funds, they shouldn't be deter from buying bitcoin simply because they don't have an emergency funds. They can be buying bitcoin and at the same time while working on getting an emergency funds,this can be achieved by investing a certain percentage of our discretionary income into bitcoin and the remaining percentage to our emergency funds. However, emergency funds is essential for everyone both those that are investing in bitcoin and those that are not investing in bitcoin since since unexpected events can happen to anyone.

Emergency fund is equally important in every person's life, its importance cannot be ignored in any way, because it is considered the only way to deal with unexpected financial situations. Its protection is necessary for long-term holding of Bitcoin, because people's financial situation or daily lifestyle never runs parallel, unexpected situations come very naturally in every person's life, and if a Bitcoin investor does not have an emergency fund during that unexpected situation, then he may have to decide to sell his Bitcoin holdings as a last option, as a result, his investment will fail, and also ho fall a big losses, so an emergency fund must be prepared.

Now the point is that, It's not that you need to prepare an emergency fund just because you're investing in Bitcoin, whether you invest or not, it will be essential for you, because if you think about it a bit deeper, if you do not have an emergency fund and at the same time if you do not have any investment, then what will you do in the event of an unexpected situation? Because you do not have any financial system, so you will have to face greater danger at such a time.
So whether you are an investor or not, ultimately an emergency fund is essential for everyone because life is uncertain and not everyone's financial situation will always be stable, you can lose your job at any moment, so you have to consider all aspects,  unexpected situation comes at any time, so security should always be ready.

[JayJuanGee]

Secondly, Bitcoin is compared to gold as a store of value. Which is what almost everyone compares. But have you ever seen someone buying gold with debt?

There likely have been people using debt to buy gold, especially if they believe that they are in a period in which gold prices are about to go up, yet, sure, it may well make less sense to borrow money to invest in gold since gold is largely a mature asset class that may not have as much chance of upside.

If someone buys gold on loan, then to me it seems more of a hassle than a profit. Because, the price of gold increases slowly. Usually on average 3-7% per year. On the other hand, the interest on the loan can be 8-16% per year or more. In this case, there is a risk that the cost of the loan will be more than the profit. It may not be possible to hold gold for a long time due to the pressure of the loan.

JayJuanGee Sir, what you mentioned that perhaps some people have used loans is very true. But their method may be different. It may also be that they have taken the loan from someone they know. The acquaintance may not take part in the interest or profit of the loan. Or it may be something different.

Actually, no one does that. It seems completely unreasonable. If we consider it unreasonable to buy a stable asset like gold with debt, then taking a loan to buy a volatile asset like Bitcoin seems even more unreasonable to me. What do you think?

You are arguing nonsense, even though sure it might not be a good idea to take out loans to buy bitcoin, yet you surely have not argued any kind of a convincing point of view.

JayJuanGee Sir, maybe my statement did not sound convincing to you. The main purpose of my statement was to explain that the risk level in investing with debt is so high that if the market goes in the opposite direction at the wrong time, it can seem like a death sentence for the investor. However, I admit that sometimes there can be a possibility of opportunity in investing with debt. It is like light and shadow. Just as light creates shadows, bad things hide behind good things. Bitcoin has been providing opportunities to investors for more than a decade. It will continue to provide opportunities to investors for many decades to come. The real goal of Bitcoin is not to jump into risk blindly due to the hunger for quick opportunities and dreams of profit. Rather, by prioritizing one's basic needs. Long-term investment with extra money can be the success of all of us.

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

[I_Anime]

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Debt will only be encouraging to me is if the person plan to make use of that money properly like to start up a business with high chances of being successful over time , or maybe for life and death situation , but collecting loan for investment is not encouraging because you are only making use of money you can hold for long and there are chances you be in haste to sell off that investment inorder to pay back the loan , might even lose it because some tend to gamble instead of investing looking for ways to have quick returns like investing in some shit projects.

[Finebone]

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Debt will only be encouraging to me is if the person plan to make use of that money properly like to start up a business with high chances of being successful over time , or maybe for life and death situation , but collecting loan for investment is not encouraging because you are only making use of money you can hold for long and there are chances you be in haste to sell off that investment inorder to pay back the loan , might even lose it because some tend to gamble instead of investing looking for ways to have quick returns like investing in some shit projects.

You are getting the whole point here wrong, taking a loan to invest in bitcoin is not a bad idea if you are paying from another source, because the outcome of your bitcoin investment has no role in your ability to pay back the loan, and taking a loan are meant to leverage on an opportunity, not from the place of lack.
If you are taking the loan with the hopes of paying it back from your investment, then your investment is doomed for failure because it's a wrong idea entirely.

[Jostern]

Secondly, Bitcoin is compared to gold as a store of value. Which is what almost everyone compares. But have you ever seen someone buying gold with debt?

There likely have been people using debt to buy gold, especially if they believe that they are in a period in which gold prices are about to go up, yet, sure, it may well make less sense to borrow money to invest in gold since gold is largely a mature asset class that may not have as much chance of upside.

If someone buys gold on loan, then to me it seems more of a hassle than a profit. Because, the price of gold increases slowly. Usually on average 3-7% per year. On the other hand, the interest on the loan can be 8-16% per year or more. In this case, there is a risk that the cost of the loan will be more than the profit. It may not be possible to hold gold for a long time due to the pressure of the loan.

JayJuanGee Sir, what you mentioned that perhaps some people have used loans is very true. But their method may be different. It may also be that they have taken the loan from someone they know. The acquaintance may not take part in the interest or profit of the loan. Or it may be something different.

Actually, no one does that. It seems completely unreasonable. If we consider it unreasonable to buy a stable asset like gold with debt, then taking a loan to buy a volatile asset like Bitcoin seems even more unreasonable to me. What do you think?

You are arguing nonsense, even though sure it might not be a good idea to take out loans to buy bitcoin, yet you surely have not argued any kind of a convincing point of view.

JayJuanGee Sir, maybe my statement did not sound convincing to you. The main purpose of my statement was to explain that the risk level in investing with debt is so high that if the market goes in the opposite direction at the wrong time, it can seem like a death sentence for the investor. However, I admit that sometimes there can be a possibility of opportunity in investing with debt. It is like light and shadow. Just as light creates shadows, bad things hide behind good things. Bitcoin has been providing opportunities to investors for more than a decade. It will continue to provide opportunities to investors for many decades to come. The real goal of Bitcoin is not to jump into risk blindly due to the hunger for quick opportunities and dreams of profit. Rather, by prioritizing one's basic needs. Long-term investment with extra money can be the success of all of us.

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Sometimes most people uses loans for different purposes, and sometimes they use loans for something that is quite meaningless, something that would end up not getting the full complete financial benefit of what they intend to do with their loans, but in the society that we find ourselves, most people who have to borrow money and find themselves in debt have usually not go the benefit of the loans that they have been able to acquire and most likely aren’t able to pay up their loans because of what they have initially invested the money didn’t really work out for them, and they might end up using their collateral for their financial damages.

Well for the purposes of getting a loan to invest in bitcoin, well if we have a good financial plans, that we want to get some loans and buy bitcoin it should be that we also have a different plans of paying up that loan so it doesn’t have to affect our bitcoin stash, so we can avoid a situation where we have to touch our bitcoin stash just to pay up our loans, this are situation we should try and avoid, that is why it makes more sense to invest in bitcoin with our discretionary income, instead of taking loans, but I will not discourage it if we have plans of taking care of our mortgage.

Come to think of it, there are people and wealthy men who take advantage of this loans for their business and still end of being successful with their business and taking advantage of the loans to make more financial aid, and get more loan interest, and still end up being successful in their business.

[JayJuanGee]

People do use loans for all kinds of reasons, and they do not necessarily rely on a gullible friend/relative to give them preferential terms.  We have an over indebted society, and part of the reason is that debt is cheap and it also reflects various ways that the dollar  (and other fiats) has been undermined through the years and even debased through the issuance of debt.

Just because the debt system is a bad system for society, rich people use debt to their advantage, and getting cheap debt can frequently allow for way more money to be made, as long as you know how to use debt in a way that you are finding higher returns on your money and that you are not putting yourself into a place in which you are not able to pay back the loan and/or that you might even put collateral into jeopardy if you are not using the debt in profitable and prudent ways.

Debt will only be encouraging to me is if the person plan to make use of that money properly like to start up a business with high chances of being successful over time

Justifying the debt can be the same no matter the purpose, and so surely one thing about a business is that you may or may not be including your own labor into the package, and some people start up businesses because that they consider that they would be able to make more money with their own labor mixed into it as compared with working for someone else, so surely there can be potentials for cashflow that comes from infesting into a business, but also the leveraging of ones own labor.  Of course, self-started businesses are not always successful

, or maybe for life and death situation ,

Sure.  Even if a person might have backup funds, and emergency funds and perhaps other resources, there might not be enough resources to pay for some extra expenses, or maybe you own a home and you can take out a loan against the house rather than selling it.  That makes sense under certain circumstances.

but collecting loan for investment is not encouraging because you are only making use of money you can hold for long and there are chances you be in haste to sell off that investment inorder to pay back the loan , might even lose it because some tend to gamble instead of investing looking for ways to have quick returns like investing in some shit projects.

The parameters might be a little different for investing as compared with an expected income generating business.

I expect that with an investment, you would want to have most, if not all, of your ability to pay back the loan to be able to come from sources outside of your investment... so in that case, you  are using the loan as a way to front load your ability to invest with an expected income from somewhere else that you would use to pay off the loan with any fees or costs that might come with the loan, so yeah you are taking chances that your investment might go up, down or sideways, but your ability to pay back your loan does not come from the investment.   

If the terms of your loan are not friendly, then maybe you would not want to do it.. so for example, if you have an interest rate that is less than 6% per year and if you have a term that is at least 3 years and maybe even 4 years or more, then that may also be better, yet of course, you can calculate in.  I have gotten loans for right around 2 years,  yet they had right around 2% per year interest, so I did not usually have any problem taking those kinds of loans., and largely I made sure that I had abilities to pay that came from outside of the loan, so that I could pretty much use all of the loan, but I might also keep some of the cash in accounts as the loan came due (like if it had a balloon payment at the end of the term)

[Albert David]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

[HistoLock]

You know what you must know is that people don't usually know when to invest, how to invest and when not to invest. Usually, investment is when you are financially stable to make it reality but most people nowadays jump into investments without at least having source of income or something that would give them income when they are in need or lacking moment.
It's true that everyone out there loves investments but getting to know the rules of investment is what most people are lacking, that is why many people faces hard time with their investments or ends up pulling off their investments when their time isn't yet to come.

Yes, I think to invest, you first need to have a source of income. There are those who do not earn money, but invest with their savings. Those who invest without a source of income cannot survive or sustain it in the long term, due to which their results are not good. But first you need to know about investment and when and how to invest. I think if you want to know about investment, then first I will say that you must have a source of income because if you do not have a source of income, then you will be forced to sell the investment you have made when you need money, then you will not be able to hold it. I have seen many times that there are many investors who do not have a source of income, they invest, but when they need money for their family work, they sell it in a situation where they do not have that money, if they had a source of income, they would not have to sell it, but they could have used the money for their family work and they could have also held on to the investment they have made. However, investing is easy but holding on to it is difficult. You have to be aware of every step. After investing, you will face a lot in your personal life. If you deal with that problem and do not sell it, then you can earn good money.

[Yorubek]

Nice lesson! I like the fact that you spoke about automated savings, for emergency funds accumulation, because with manual savings alone somebody might go broke once, as things to spend on will always exist.

How to save? How much is your monthly income? Let's say your monthly income is 30000 Naira. Divide that salary into 3 parts. Give 1 part to your family, and 1 part to your children and buy furniture. You can keep the remaining 1 part for savings. If you keep it this way, you will see that one day the amount of Naira will be large, then you can withdraw that Naira and do something with it!

It is very important to invest in Bitcoin, whatever little money you have after deducting all the necessary expenses, without keeping it with yourself or in the bank. You can easily buy Bitcoin through the DCA method, for this you will not need a lot of money, it is very important to invest your small amount of discretionary income regularly and consistently. Investing money in Bitcoin in small amounts can gradually become a mountain, but you must invest consistently by adopting the right rules according to a long-term plan.

You don't need to have a lot of money or knowledge to start investing in Bitcoin, just  basic perspective and a sensible income are very important. Over time, you will gain specific knowledge about Bitcoin and, along with increasing your confidence, you will become more aware of cash. I think you don't need to take extra time to invest in Bitcoin. Basically, by investing consistently for the long term with courage and awareness, you can avoid inflation and can expect profits in the future.