Don't Use Your Business Funds To Invest In Bitcoin.

[Youngrebel]

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

[Bright0515]

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

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

[Joy_learns_crypto]

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

[Joeboy]

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

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

[Joy- maker]

Instead of planning to use your business money to invest in bitcoin, I advise you to use the profit to invest.

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

[Jegileman]

Instead of planning to use your business money to invest in bitcoin, I advise you to use the profit to invest.

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

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

[Donk1]

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

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

[Africolo]

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

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

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

[Amphenomenon]

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

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

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

[Powerjumboo]

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

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

[Mhizlove]

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

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

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

[Jubilee58]

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

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

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

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

[Dzwaafu11]

I advise you to use the profit to invest and keep the capital to run di business and even di profit no be all you go use because you get other bills and things to do. Many people business of the advantages of investing in bitcoin would not think of what would happen when they invest their all in bitcoin and starting to beg from others to eat because they what to grow their investment or if they can't wait, they will be touching the investment bitcoin again.

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

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

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

[Africolo]

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

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

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

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

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

[Onyeeze]

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

[I_Anime]

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

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

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

[rachael9385]

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

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

[NurseHub]

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

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

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

[Miles2006]

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

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

[Youngrebel]

discretionary income

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