Balancing Financial security and Bitcoin Accumulation

[Joeboy]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

Many of us are poor and looking for work to pay the bills and meet the needs of our families and have to earn a little to survive. Many poor families really want to be rich and are ready to work hard. THERE ARE  SOME VILLAGES WHERE THERE IS NO WORK AND THEY REMAIN POOR ALL THEIR LIVES.

Bitcoin is not for everyone It is not easy for some poor people. Their income is less than the needs of their families. I would say that if those poor people take care of their families and if they really want to improve their finances through hard work they can start accumulation Bitcoin and continue doing so for a long time. There are examples of those bitcoiners who are struggling with poverty and are committed to themselves and also accumulation bitcoin. Poverty makes many investors more confident with a strong desire to change their financial situation.

To be honest with you currently 100% of the poor Masses don't want to remain poor in all their lives and even when the government fails to recognize those villages they create little jobs opportunities within themselves that still put food on their table, so at such embarking into Bitcoin investments i hope you know that there is no discrimination of any kinds that said this investors is poor or investing with low income, i would love you to say that Bitcoin is for everyone providing you have your discretionary income to invest with with or you don't know you can sale anything that you can afford to buy back just to invest in Bitcoin, then later run you can buy times two of what you sold.

Why selling your property just to invest in BTC? Hope you are been forced to invest in bitcoin selling properties to invest in a long term investment is not a good idea it means you are not longer investing with your discretionary income, if you are using the dca strategy you don't have to panic when investing you can buy when you have your discretionary income any week don't have you can also relax and invest some other time when you have a discretionary income selling one property to buy bitcoin is not a good one as you can likely sell your house one day.

Who gave you the idea that the proceedings from the sales of your property cannot count as your discretionary income? Discretionary income is that extra money left after settling your needs and responsibilities, and the proceedings from the sales of a property can be seen as an extra available cash which can very well be used to support your discretionary income......And just so know there are some properties that are currently useless considering the current stage or condition you are.....For example imagine a guy who earns $1000 monthly and due to certain circumstances he got demoted and his salary was reduced to $100 monthly, you shouldn't expect that person to continue using a mobile phone or wearing a wrist watch that is worth more than his current $100 salary....At that point it is more wiser to sell the mobile phone then use part of the money to buy a smaller device and then invest the rest in Bitcoin... It's all about understanding you current situation and flowing along with it...

[Obulis]

You need to buy Bitcoin for the long term, then you can profit from that place, if you don't have the profit to buy long term, then you can buy through DCA. You set aside some amount of money every week/month and invest it little by little in that place. After a few days, you will see that you are gradually profiting from Bitcoin. If you go back in the past, you will see that many people have profited by doing this.

You cannot invest in bitcoin with DCA and then begin getting profitted from it in a couple of days. You speak as if you have been trading(gambling) bitcoin. From what I have learned from JJG, bitcoin is a long term investment and you have to keep buying and also holding for a time of Four to Ten years to realize a good amount of profit. Even if you employ the DCA method, never you get distracted by short term profit so that you will don't make emotional decisions that can force you to to exit from Bitcoin earlier than planned. Just put your attention on the long term.

Probably Abelly is talking as if comparing two strategies, so that when there is no funds for one to work then you use DCA strategy. The explanation given about DCA strategy is not complete because it doesn't give a chance for people who can't keep up with Weekly or monthly input.
There is no need of watching out for profit in few days of input when you are on a long-term investment.

[Grace333]

I get you,  there is really kidda no perfect excuse to not be investing in Bitcoin. It is true that DCA was designed to be flexible, the amount must not have to be fixed. Anyone can technically start, even with very little.

But what I feel is that, if we are being realistic, it is not always that simple. When someone does not have a stable income and is constantly worrying about survival, investing, even small amounts is really and very stressful, I won’t lie. I’ve been there before. The truth is for some people in that situation, Bitcoin is not the problem, life pressure and their bill is.

Many of us are poor and looking for work to pay the bills and meet the needs of our families and have to earn a little to survive. Many poor families really want to be rich and are ready to work hard. THERE ARE  SOME VILLAGES WHERE THERE IS NO WORK AND THEY REMAIN POOR ALL THEIR LIVES.

Bitcoin is not for everyone It is not easy for some poor people. Their income is less than the needs of their families. I would say that if those poor people take care of their families and if they really want to improve their finances through hard work they can start accumulation Bitcoin and continue doing so for a long time. There are examples of those bitcoiners who are struggling with poverty and are committed to themselves and also accumulation bitcoin. Poverty makes many investors more confident with a strong desire to change their financial situation.

To be honest with you currently 100% of the poor Masses don't want to remain poor in all their lives and even when the government fails to recognize those villages they create little jobs opportunities within themselves that still put food on their table, so at such embarking into Bitcoin investments i hope you know that there is no discrimination of any kinds that said this investors is poor or investing with low income, i would love you to say that Bitcoin is for everyone providing you have your discretionary income to invest with with or you don't know you can sale anything that you can afford to buy back just to invest in Bitcoin, then later run you can buy times two of what you sold.

Why selling your property just to invest in BTC? Hope you are been forced to invest in bitcoin selling properties to invest in a long term investment is not a good idea it means you are not longer investing with your discretionary income, if you are using the dca strategy you don't have to panic when investing you can buy when you have your discretionary income any week don't have you can also relax and invest some other time when you have a discretionary income selling one property to buy bitcoin is not a good one as you can likely sell your house one day.

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

[Hardyrobust]

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

It is a wrong idea to sell ones property and then used the money to invest in bitcoin. However it won't be a bad idea to sell a property that is not in used or that is not generating any income. Selling of ones belong and using the money to buy bitcoin with the mindset of making quick profit from the investment and replacing the sold item or property is a bad idea .

[gracreavix]

You need to buy Bitcoin for the long term, then you can profit from that place, if you don't have the profit to buy long term, then you can buy through DCA. You set aside some amount of money every week/month and invest it little by little in that place. After a few days, you will see that you are gradually profiting from Bitcoin. If you go back in the past, you will see that many people have profited by doing this.

Bro I’m not going to lie to you,  if it is instant profit mindset you are having, then that mindset has to go immediately. Bitcoin does not work like that at all, and it never has.

You can not invest in Bitcoin today and expect to see profit tomorrow or next week. That is not investing then.. Bitcoin is a long term thing simple. Whether you buy once or you DCA weekly or monthly, the whole idea is the same you are positioning yourself for the future, not for tomorrow morning profit.

DCA does not mean you will just start seeing profit in a few days. What It just do is it helps you enter the market gradually so you can manage your risk more better.. The gain comes from holding, maybe through at least one full market cycle or sometimes two or more. That is how people actually make money with Bitcoin.. So if you are coming in with the mindset of I will buy now and make quick profit and cash out quick, then you are not doing it right.

[GIF-JOBS]

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

It is a wrong idea to sell ones property and then used the money to invest in bitcoin. However it won't be a bad idea to sell a property that is not in used or that is not generating any income. Selling of ones belong and using the money to buy bitcoin with the mindset of making quick profit from the investment and replacing the sold item or property is a bad idea .

Of course this is a complete misconception, when you sell your assets and invest in a place, then of course you cannot afford to lose this money, because this money you got by selling your property, so if you lose this money then you will lose your property which will be very bad for you. Similarly, Bitcoin investment never guarantees us success, only gives us the possibility, but depending on this possibility we cannot sell our property and invest here, this will be a wrong decision, rather we have to invest as much as possible with what we can afford to lose. Its chances of success are high due to long-term holding, but even then when we blindly invest here, if we do not get the good results we expected, then it will bring darkness for us.

[liasbaa]

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

It is a wrong idea to sell ones property and then used the money to invest in bitcoin. However it won't be a bad idea to sell a property that is not in used or that is not generating any income. Selling of ones belong and using the money to buy bitcoin with the mindset of making quick profit from the investment and replacing the sold item or property is a bad idea .

It would be risky for new investors to sell their assets to buy Bitcoin. There is no guarantee that the value of Bitcoin will only increase in the future. The possibility of a decline in the price should be taken seriously. If any unforeseen circumstances negatively affect the world's capital markets, that impact could fall on Bitcoin investments.

Instead of selling assets, my advice would be to accumulate Bitcoin through discretionary income. Instead of competing to increase the size of your portfolio, your goal should be to accumulate Bitcoin regularly every cycle, on a weekly basis. With a large amount of your own assets, there is a possibility of increasing your Bitcoin holdings because with increasing experience in investing, awareness of risk management will arise and the bold and great decision to convert unused assets into Bitcoin will be made.

[Eze BTC]

I greet all of you my country people. I know there may be a few other topics that emphasizes on the importance of an Emergency fund to an investor. Yes, everybody knows say Emergency funds dey important, but that's not what I'm here to talk about. With the help of this thread I'm aiming to give a detailed and step by step guide on how to simultaneously build an emergency fund while also accumulating Bitcoin. This is to prevent the excuse of having to waste more time building an emergency fund before getting started with one's accumulation journey.

DETERMINING YOUR FINANCIAL PRIORITIES

1. Emergency Fund: An emergency fund like we already know should be at least 3 to 6 months of our living expenses and this is what we should aim for. The final amount usually varies from individual to individual so focus on your financial situation and allocate 20% of your income to a readily accessible savings account. You may also choose to diversify a lesser percentage of your Emergency fund to Bitcoin too. Note that this is by choice and not really necessary.
2. Bitcoin Accumulation: 30% of your income should go to your discretionary spending, you can choose to use all 30% to accumulate Bitcoin or use a lesser percentage, it's totally up to you, but note that it should be a reasonable amount.

I know some people might already be tempted to as where the other 50% of your income should go. Take a chill pill, we'll also come to that. Now, we move to another segment which is...

TIPS FOR BUILDING AN EMERGENCY FUND

1. Automate your savings: sometimes having to manually save money can be very tiring, you might even forget sometimes and before you know it, you've used the money for something else, so automating your savings can be a pretty helpful tip to ensure you stay religious with your savings.
2. Make use of the 50/30/20 allocation rule: 50% of your income allocation should go to taking care of essential expenses and immediate needs. The mistake people often make is neglecting this aspect, forgetting that it is actually inevitable and unavoidable, even when you manage to avoid it today, it'll come back tomorrow bigger, and you'll be forced to still sort them out, thereby messing up your plans. 30% goes to your discretionary income and the other 20% towards your savings and also for debt repayments.


TIPS FOR INVESTING IN BITCOIN

1. Dollar-Cost Averaging (DCA): This is a very popular strategy and every true Bitcoin enthusiast should have heard or known this strategy. Now the reason I'm bringing up this strategy is because, if you're to achieve building a portfolio and an emergency simultaneously, then you need to marry this strategy, because it's the only strategy I know that gives you the kind of flexibility to achieve this. So prioritize investing a fixed amount from your discretionary income/spending at a regular interval that sits well with you, regardless of the market's performance.
2. Start small: Starting small is very important, especially if you're a low income earner, don't look at how much you plan to achieve just yet and just start with a manageable investment amount and then you can gradually increase your pace/amount overtime.
3. Diversify your portfolio: for starters, this isn't actually very mandatory but I just wanted to include it because there are some unique situations that may likely arise that may potentially lead to diversifying your investment beyond Bitcoin in order to minimize risk.

BALANCE BOTH GOALS

1. Your Emergency Fund should come first (for now): If you're hoping to achieve both goals simultaneously, then your focus should be more on stacking up that emergency fund FIRST, and then you may allocate more funds to your BTC accumulation.
2. Adjust your allocations: This may not also be very necessary for some, but periodically review your income allocation and should the need arise, make some necessary adjustments in order to ensure you're actually meeting the goals.
3. Be Patient: this is actually the most important one, building an emergency fund and a Bitcoin Stash at the same time takes a lot of time and so requires lots of patience, because sometimes it might look like you're not even getting it right, but as long as you're following the above steps, just keep going and being patient.

These steps may not really look like pretty much but I assure you that these steps and tips can actually help anyone (with a steady income source) to build a robust Emergency fund while also accumulating Bitcoin regularly. And don't forget that staying disciplined, patient and informed is also key to achieving this goal.
Pls you can also include other helpful tools if you've got any.

This is really helpful. Glad I opened the topic and patiently read through it.
There are little financial mistakes we make in life that we feel are minor but are some of the reasons we don't move fine financially.

We focus always on making money and more money. But the truth is, having more money without a good financial life will not make us escape poverty.


Taking our financial life seriously is something we can't joke with. Setting priorities right will help shape our journey through this life financially stronger. I'm so glad I met this and I appreciate you for making this.

[Sticky Bomb]

Why selling your property just to invest in BTC? Hope you are been forced to invest in bitcoin selling properties to invest in a long term investment is not a good idea it means you are not longer investing with your discretionary income, if you are using the dca strategy you don't have to panic when investing you can buy when you have your discretionary income any week don't have you can also relax and invest some other time when you have a discretionary income selling one property to buy bitcoin is not a good one as you can likely sell your house one day.

Who gave you the idea that the proceedings from the sales of your property cannot count as your discretionary income? Discretionary income is that extra money left after settling your needs and responsibilities, and the proceedings from the sales of a property can be seen as an extra available cash which can very well be used to support your discretionary income......And just so know there are some properties that are currently useless considering the current stage or condition you are

I have the same opinion as you, if the house is not generating income for you and you are not making use of it, then it is a liability and selling it to invest into bitcoin which is an asset is a very good idea. Most people gets rid of liabilities or non-profitable assets to invest in assets of higher potentials.

Again if you didn't sell such a property from the point of want but as a desire to transfer value into a better asset, then it surely counts as your discretionary income and you can invest into bitcoin with it as bitcoin holds more value potential.

[Proty]

Why selling your property just to invest in BTC? Hope you are been forced to invest in bitcoin selling properties to invest in a long term investment is not a good idea it means you are not longer investing with your discretionary income, if you are using the dca strategy you don't have to panic when investing you can buy when you have your discretionary income any week don't have you can also relax and invest some other time when you have a discretionary income selling one property to buy bitcoin is not a good one as you can likely sell your house one day.

Who gave you the idea that the proceedings from the sales of your property cannot count as your discretionary income? Discretionary income is that extra money left after settling your needs and responsibilities, and the proceedings from the sales of a property can be seen as an extra available cash which can very well be used to support your discretionary income......And just so know there are some properties that are currently useless considering the current stage or condition you are

I have the same opinion as you, if the house is not generating income for you and you are not making use of it, then it is a liability and selling it to invest into bitcoin which is an asset is a very good idea. Most people gets rid of liabilities or non-profitable assets to invest in assets of higher potentials.

Again if you didn't sell such a property from the point of want but as a desire to transfer value into a better asset, then it surely counts as your discretionary income and you can invest into bitcoin with it as bitcoin holds more value potential.

It will be a wise decision to sell what ever that is not generating any form of income to us as long as selling it won't inconvenience us . Using the money to invest in bitcoin is indeed a wise idea, however I don't think you are right by refering to a house as a liability. People do spend cash on things they don't really want, only to realise that they have made mistakes in buy such properties. Therefore, it won't be a bad decision if they decide to sell it and then put the money into proper use by investing in bitcoin.

[PhilosopherKing]

You cannot invest in bitcoin with DCA and then begin getting profitted from it in a couple of days.

A person who thinks that DCa can make you rich in a few days is full of shit. DCa is not a magical or instant profit strategy. It is a steady strategy that when used can help to build wealth over the year.

People that is always checking for profit after days of buying bitcoin with DCa are not investors, they are bunch of gamblers and traders

[ASloveapg]

You cannot invest in bitcoin with DCA and then begin getting profitted from it in a couple of days.

A person who thinks that DCa can make you rich in a few days is full of shit. DCa is not a magical or instant profit strategy. It is a steady strategy that when used can help to build wealth over the year.

People that is always checking for profit after days of buying bitcoin with DCa are not investors, they are bunch of gamblers and traders

DCA strategy is basically a long-term strategy, so expecting success in a very short time through this DCA strategy is definitely stupid. Those who basically have no idea about the strategy, they use the wrong strategy and expect the wrong results. First you need to understand how the strategy works, if you want to achieve short-term success then DCA is never suitable for you, DCA will only work for your future prospects, it will create your chances of success for the future, but it will not give you anything in the short term.

[Osiokwudiri]

When we talk about balancing financial security the first that we come into our mind is whether we have fix capital or if our business have insurance or if our jobs have security. We also need to eliminate debt.you can not accumulate Bitcoin when you are owing people. This will lead to panick selling.  I think I will prefer DCA because is like insurance scheme.i prefer investing in Bitcoin than pension schame..

[Xackie]

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

It is a wrong idea to sell ones property and then used the money to invest in bitcoin. However it won't be a bad idea to sell a property that is not in used or that is not generating any income. Selling of ones belong and using the money to buy bitcoin with the mindset of making quick profit from the investment and replacing the sold item or property is a bad idea .

Selling your property in order to invest should be a no go area, it is not advisable. The only property I feel someone can sell to invest in Bitcoin are those that are liability examples let's you are a married man who has 3- 4 cars , there's nothing wrong in selling 1 out of it to invest, because I don't know what a person want to use 4 cars for, because each month you might doing unnecessary maintenance which burns your money away. So  selling it is not bad. Selling property that very vital could cause someone to panic unnecessarily especially when market is not moving in their favor because they are not looking for a long term growth.

[Brizi5000]

You cannot invest in bitcoin with DCA and then begin getting profitted from it in a couple of days.

A person who thinks that DCa can make you rich in a few days is full of shit. DCa is not a magical or instant profit strategy. It is a steady strategy that when used can help to build wealth over the year.

People that is always checking for profit after days of buying bitcoin with DCa are not investors, they are bunch of gamblers and traders

DCA strategy is basically a long-term strategy, so expecting success in a very short time through this DCA strategy is definitely stupid. Those who basically have no idea about the strategy, they use the wrong strategy and expect the wrong results. First you need to understand how the strategy works, if you want to achieve short-term success then DCA is never suitable for you, DCA will only work for your future prospects, it will create your chances of success for the future, but it will not give you anything in the short term.

bitcoin investment is a long term investment, not only dca. the dca is just a method of buying bitcoin. there is no shot time success in bitcoin investment, you can't start now and get rich over night, if that's your ambition you will be really disappointed and at the end those set of people are the ones giving bitcoin a bad name and image in the society because they thought bitcoin will make them rich over night but when it fails they start saying is a scam and many people will believe them and start being more skeptical about bitcoin. if you are investing in bitcoin then come with a clear mindset of long term investment because there is where the success really is.

[Nightwatchmare]

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

It is a wrong idea to sell ones property and then used the money to invest in bitcoin. However it won't be a bad idea to sell a property that is not in used or that is not generating any income. Selling of ones belong and using the money to buy bitcoin with the mindset of making quick profit from the investment and replacing the sold item or property is a bad idea .

There are some properties we need in our everyday life; it will be very wrong if we sell these properties and use the proceeds to buy Bitcoin. But if we have a property that we are not using and we can stay for like 10-15 years without using the property, instead of the property to turn into a statue in our house, it is better we sell the property and use the proceeds to buy Bitcoin that will benefit us in the long run. Since Bitcoin is not a quick to get rich soon scheme, selling our property to buy Bitcoin with the mindset of making a quick profit is not achievable, and we will end up regretting that move.

[Omj1014]

I agree with your balancing financial security and Bitcoin accumulation strategies but I don't quite agree with your allocating the percentage that should be used by people's for their income. Our needs and financial obligations are different so generally allocating the 50 30 20 strategy can only work for people with same kinds of needs but generally it is not everybody that can afford to remove 20% or 30% of their income for discretionary funds. Some theories are perfect on paper but in practical they are not easy to implement, your basic expenses is more important than allocating funds into emergency funds and investment funds.

Sometimes 50% or more of a person's income is not sufficient to take care of their basic expenses so what I advice is giving priority to expenses that you cannot avoid like food, if you have children allocating funds for their school fees and the rest that you cannot avoid. If a person's income is not surficient for basic expenses they cannot allocate any funds for discretionary funds and your strategy is not for them. The economic situation is quite hard in the country and everybody needs to find legal ways to increase their incomes so that they can be able to allocate funds for discretionary expenditures.

I gree with you because judging from the way our economy is at the moment most people can't bost of having discretionary funds, either because there income is too low or there responsibilities are most time overwhelming, because of that this set of people might just have to settle for emergency funds and investment funds as you said.
But there is always a way to accumulate money to be able meet up with this his perfect strategy of balancing financial security and Bitcoin accumulation. And that way is to look for multiple sources of income, I know you have to worker harder most times if you have multiple sources of income, but it's necessary for stability especially in this present economy.

[Obulis]

When we talk about balancing financial security the first that we come into our mind is whether we have fix capital or if our business have insurance or if our jobs have security. We also need to eliminate debt.you can not accumulate Bitcoin when you are owing people. This will lead to panick selling.  I think I will prefer DCA because is like insurance scheme.i prefer investing in Bitcoin than pension schame..

When balancing financial security and Bitcoin accumulation, DCA strategy is there already waiting to be applied. Job security might have it terms which makes not very certain, so it becomes better if other means of income is sorted for to enable easy accumulation of Bitcoin.
Bitcoin investment is not comparable to pension scheme, Bitcoin investment is better even as it's not guaranteed. However in some job environment, pension scheme is usually part of the organizations policy (it is mandatory). In cases like, an employee in such place can still balance financial security to accumulate Bitcoin. At times it might require development of an extra means of income.

[Showlove01]

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

It is a wrong idea to sell ones property and then used the money to invest in bitcoin. However it won't be a bad idea to sell a property that is not in used or that is not generating any income. Selling of ones belong and using the money to buy bitcoin with the mindset of making quick profit from the investment and replacing the sold item or property is a bad idea .

I think what will possibly make someone to sell off his or her property to buy Bitcoin can either be greed or circumstance and when I said greed I mean selling one's property with the intention to buy and sell immediately when there is a surge and also circumference can also make someone to sell off their property and continue their accumulation but normally we are not suppose to sell off our property to buy Bitcoin because most times people with challenges are the ones that sell off to buy, someone who is doing well will never think of selling his or her property and I don't want to be among the people that will sell property.

[ASloveapg]

Selling property just to invest in Bitcoin does not really make sense, especially for a long term play. That will not be advisable by me at all. Because that pressure is the last thing you want.

DCA is meant to be calm and flexible. You just have to invest with spare money, not with assets that affect your basic security. If a week comes and you don’t have extra cash, you just skip and continue later. No need for panic.

It is a wrong idea to sell ones property and then used the money to invest in bitcoin. However it won't be a bad idea to sell a property that is not in used or that is not generating any income. Selling of ones belong and using the money to buy bitcoin with the mindset of making quick profit from the investment and replacing the sold item or property is a bad idea .

I think what will possibly make someone to sell off his or her property to buy Bitcoin can either be greed or circumstance and when I said greed I mean selling one's property with the intention to buy and sell immediately when there is a surge and also circumference can also make someone to sell off their property and continue their accumulation but normally we are not suppose to sell off our property to buy Bitcoin because most times people with challenges are the ones that sell off to buy, someone who is doing well will never think of selling his or her property and I don't want to be among the people that will sell property.

I also think the same thing, when we expect success from something in such a way that we can decide to sell our assets, then if it does not give us effective results, then what will happen to us afterwards? Since there is no guarantee in any case, it is not right to do so. Especially in the case of Bitcoin trading, they are high risk, but in those cases, we are deciding to try to make a profit by selling our assets, it can definitely lead to very big losses. Those who do not understand this at first, they may sell their assets and continue to work according to their expectations, but when they realize how deep it is, and when they start losing, and start panicking and selling even at a loss, then in the end they will have a very big financial loss. They will expect success but they will actually face losses, as a result of which they will lose their assets and they will constantly regret this loss.