How much think should be keep in mind when starting a Bitcoin investment ?

[IceLincoln]

Financial Planning and Allocation: To make an investment effective in the long term, the financial condition is of great importance, it is not easy to invest without a source of income, you must have a reliable and regular source of income. Suppose your monthly income is $500, you spend a total of $400 on all your expenses every month, and you have $100 left over. After deducting all the money for all these expenses and needs, the amount of money left over from your income that is unnecessary should only be used for investments. The necessary money should not be used for investments in any way. In this case, if you do not have any source of income, then you will not be able to maintain it for the long term unless you have a separate unnecessary amount of money for any investment.

The body of your post goes well, you really touch hand for things wey matter to startup bitcoin investment but make I add one or two things to your second point. Using that your illustrations that $100 wey remain na your discretionary money and no b must say you go use all for investment, that money no b for only investments tho it depends on the person sha. Na from their u go get money to faji, to invest, and to build your backup funds too (emergency and reserves).

First off, your choice of subject (topic) should've been, "things you should keep in mind when or before starting a Bitcoin investment" it would've made it less confusing cause you used "how much think" instead of how much things" anyways I read through the body of the subject matter and I think you're on point and have been taking your research about Bitcoin investment seriously.
 

Omo no b lie the topic sha e no align well, the English b like who Dey learn English jus cut and join kinda thing… OP if you Dey read your thread you gats change your topic. Abi u no Nigerian? Or from English speaking country I mean who types such a thing, what does it even mean ? And the too many rainbow colours, na contest?

[Makus]

Your subject is not organised i think you should habe edited it, we all get the message. One thing you must prepare for before getting into bitcoin investment is to have emergency funds without this you are going to have problems in your journey as an investor. A lot of people don't really invest for a long period of time because when they have a challenge they take out their investment to solve their problems not minding if they are in profit or loss. Its really important to have asl source of income before considering to make an investment in bitcoin

[Hustle2025]

If I missed anything important, please let me know.

Your explanation is very clear and explicit, but i think risk management should be considered one among the things to have in mind before going into Bitcoin investment.
Risk management is a key factor that help a Bitcoin investor take a calculated risk and also avoid going into Bitcoin investment with a borrowed fund.

[NurseHub]

In Nigeria all this you are calculating and trying to make make principles on how to invest in bitcoin is totally not necessarily if you want to start here in Nigeria, the only thing I know is get a job, keep small money wey go reach you to invest, any amount as long as you fit buy bitcoin for exchange even 10k in naira can be invested just in due time you can begin to increase it but the problem we have today is that we want to make everything perfect before we can start the invest. if you dey read, just do your thing put any amount you want inside bitcoin.

[Zanab247]

Truly u have research about BTC based on what u display now Op, don't forget to have it in mind to invest what u can afford to lose in BTC investment which is another step u must follow to succeed in BTC investment. Never u go into competition with anybody in d industry to invest all your savings in BTC, u will not like what u will be experiencing from bull run and bear run wen u made up your mind to hodl for long years, which I no majority of new investors prefer to hodl for long years.

BTC investment is different from other investment, u can start d investment with small amount of money but make sure say u are hodling d BTC more than 4 or 5 years, because it will multiple your BTC in your wallet to guarantee u big profits.

[Somto9Light]

Investing in Bitcoin is risky, but for those new to investing, it may be a good strategy to focus on Bitcoin and cash at first. At least for one or two market cycles.

Investing for one or two circles is not a good idea, at least 4-10 years or more so as to enable you accumulate enough stash. So an investor especially those new investors is advised to invest for at least 4 years because there are some challenges that might come there way which they may likely hold on to thier bitcoin investment for some time  probably 4-5 months or more and when this happened, they may likely add more year/ or months before they could reach thier investment goal which is why our target should be to invest for 4 years even though we might reach our investment goal before then.

[AGogi2003]

Investing for one or two circles is not a good idea, at least 4-10 years or more so as to enable you accumulate enough stash. So an investor especially those new investors is advised to invest for at least 4 years because there are some challenges that might come there way which they may likely hold on to thier bitcoin investment for some time  probably 4-5 months or more and when this happened, they may likely add more year/ or months before they could reach thier investment goal which is why our target should be to invest for 4 years even though we might reach our investment goal before then.

Something investing in one to two years can increase a little bit but you can't get assurance that you will be profitable in that such time but investing in 5 to 10 years will give you guarantee of getting a better profit. As for me I can't says bitcoin is risk for me sometimes because I usually set my target and I don't usually sell when am lose I always dey show am in profit before selling because I will know that I get something before selling my coin. If you're new to bitcoin investment you will surely say is risk because if you have no get knowledge about it and you all be scared of losing your funds but by your patience he can make you achieve your goals without rushing of selling when you in lose. I usually notice some investors they will always try to sell when they are losing there capital why can't they keep the funds and be patient and make the price to increase and get there capital and profit first before selling everything.

[Mayor of ogba]

Your subject is not organised i think you should habe edited it, we all get the message. One thing you must prepare for before getting into bitcoin investment is to have emergency funds without this you are going to have problems in your journey as an investor. A lot of people don't really invest for a long period of time because when they have a challenge they take out their investment to solve their problems not minding if they are in profit or loss. Its really important to have asl source of income before considering to make an investment in bitcoin

Emergency funds are very important in bitcoin investment because emergency funds solve our emergency and help us hold our bitcoin for the long term, but I think before getting into bitcoin investment, it's essential to have discretionary income before thinking about having emergency funds because if you do not have discretionary income, you cannot kick start bitcoin investment and build emergency funds.

[Saltysugar99]

In Nigeria all this you are calculating and trying to make make principles on how to invest in bitcoin is totally not necessarily if you want to start here in Nigeria, the only thing I know is get a job, keep small money wey go reach you to invest, any amount as long as you fit buy bitcoin for exchange even 10k in naira can be invested just in due time you can begin to increase it but the problem we have today is that we want to make everything perfect before we can start the invest. if you dey read, just do your thing put any amount you want inside bitcoin.

You are right, more important to start investing in Bitcoin.  if you do not invest for a long time, then the amount of money you invest after starting is also likely to be lost. Back-up funds and discretionary income are necessary. Because in the long run, it will protect you from panic selling and force selling.  when starting to invest in Bitcoin, you should invest as aggressively as possible from discretionary income. Because the more Bitcoin you accumulate in the beginning, the more opportunities you may not have later.  Although it will depend on the person's desire, ability and cash flow strength. I started with 30000 naira per week. Even if it seems a bit high to me, it is still not beyond discretionary income. Sometimes, depending on the income situation, the amount is less or more. But being regular is more important. And while investing, you can become very experienced and know a lot.

[Bigjoe33]

In Nigeria all this you are calculating and trying to make make principles on how to invest in bitcoin is totally not necessarily if you want to start here in Nigeria, the only thing I know is get a job, keep small money wey go reach you to invest, any amount as long as you fit buy bitcoin for exchange even 10k in naira can be invested just in due time you can begin to increase it but the problem we have today is that we want to make everything perfect before we can start the invest. if you dey read, just do your thing put any amount you want inside bitcoin.

You are right, more important to start investing in Bitcoin.  if you do not invest for a long time, then the amount of money you invest after starting is also likely to be lost. Back-up funds and discretionary income are necessary. Because in the long run, it will protect you from panic selling and force selling.  when starting to invest in Bitcoin, you should invest as aggressively as possible from discretionary income. Because the more Bitcoin you accumulate in the beginning, the more opportunities you may not have later.  Although it will depend on the person's desire, ability and cash flow strength. I started with 30000 naira per week. Even if it seems a bit high to me, it is still not beyond discretionary income. Sometimes, depending on the income situation, the amount is less or more. But being regular is more important. And while investing, you can become very experienced and know a lot.

Of course, as newbie investor, you may not have the much needed knowledge to rule the world of your investments, but surely, the more you invest and remain in the market, you begin to get used to tgw market swings and learn do may things about the market.

Ans surely, getting started is the real deal, but I don't encourage aggressive buying, at least for a new. I feel it's better you start small and then when you get into the market, you will understand how the market works while also trying to strike a balance with your investment and your level of income management and allocation. With these, if you later decide to increase your DCA buys, it will you to really stay calm and relaxed while you keep growing your investment

[Derekfunds]

Your subject is not organised i think you should habe edited it, we all get the message. One thing you must prepare for before getting into bitcoin investment is to have emergency funds without this you are going to have problems in your journey as an investor. A lot of people don't really invest for a long period of time because when they have a challenge they take out their investment to solve their problems not minding if they are in profit or loss. Its really important to have asl source of income before considering to make an investment in bitcoin

Emergency funds are very important in bitcoin investment because emergency funds solve our emergency and help us hold our bitcoin for the long term, but I think before getting into bitcoin investment, it's essential to have discretionary income before thinking about having emergency funds because if you do not have discretionary income, you cannot kick start bitcoin investment and build emergency funds.

After getting the basic knowledge about Bitcoin investment the next thing is to figure out discretionary income ( leftover) and it is inside our discretionary income that our emergency funds is been gotten which means that discretionary income comes before emergency funds and priority is been given to discretionary more than the emergency funds because sometimes we don't even see challenge that will make us want to temper with our investment. The reason some people touch their investment is because they don't use their discretionary income to invest and it is not good to invest with funds outside discretionary.

[Josefjix]

BTC investment is different from other investment, u can start d investment with small amount of money but make sure say u are hodling d BTC more than 4 or 5 years, because it will multiple your BTC in your wallet to guarantee u big profits.

It doesn't really matter whether holding it for 4-5 years should be beneficial.

What matters most is the ability to accumulate more quantity of Bitcoin no matter the season of bear or bull market.
If an investor purchase Bitcoin at $126k, meaning profit time will take more than 5 years than when bought if Bitcoin low of $40k for instance.

[Mr_Brilliant$]

Investing in Bitcoin is risky, but for those new to investing, it may be a good strategy to focus on Bitcoin and cash at first. At least for one or two market cycles. Those who have already invested in various assets can create a balance between Bitcoin and other assets according to their portfolio. Everyone's life circumstances and uncertainties are different, so you have to take responsibility for your own decisions. Many people deliberately allocate high assets to Bitcoin because they see it as the most promising asset. Although this is not guaranteed. The decision to invest in Bitcoin is not everything. It can be done step by step and according to your own beliefs.

True, Bitcoin fit risky, but for person wey just dey start investing, e make sense make dem focus on Bitcoin and cash first..  E go help you understand how market dey move, how price dey go up and down, and how your mind go react, instead of rushing enter plenty things at once..

Everybody life situation different, so you gats know wetin you fit handle. Some people fit put plenty money for Bitcoin because dem believe say na the best asset long term, even though nothing sure 100%..  The main thing be say make you move step by step, based on your own belief and plan, not because another person dey do am..

[Loyang]

Investing in Bitcoin is risky, but for those new to investing, it may be a good strategy to focus on Bitcoin and cash at first. At least for one or two market cycles. Those who have already invested in various assets can create a balance between Bitcoin and other assets according to their portfolio. Everyone's life circumstances and uncertainties are different, so you have to take responsibility for your own decisions. Many people deliberately allocate high assets to Bitcoin because they see it as the most promising asset. Although this is not guaranteed. The decision to invest in Bitcoin is not everything. It can be done step by step and according to your own beliefs.

True, Bitcoin fit risky, but for person wey just dey start investing, e make sense make dem focus on Bitcoin and cash first..  E go help you understand how market dey move, how price dey go up and down, and how your mind go react, instead of rushing enter plenty things at once..

Everybody life situation different, so you gats know wetin you fit handle. Some people fit put plenty money for Bitcoin because dem believe say na the best asset long term, even though nothing sure 100%..  The main thing be say make you move step by step, based on your own belief and plan, not because another person dey do am..

I am a little confused about what you mean by cash. Because what we need to do after starting investing is to focus on building an emergency fund and gaining knowledge about Bitcoin is the best. The importance of an emergency fund is immense to deal with unexpected financial disasters. An emergency fund is very important to deal with our portfolio from financial disasters and to save it from premature sale (or death).

It is most convenient for a new person to continue buying using the DCA method. When a person continues to buy using the DCA method, he will stick with the market and see the ups and downs in the market. Then he will be able to build confidence in Bitcoin very quickly. The DCA method plays a very big role in dealing with risk. Especially in the case of Bitcoin investment, the DCA method plays a very big role

[Saltysugar99]

True, Bitcoin fit risky, but for person wey just dey start investing, e make sense make dem focus on Bitcoin and cash first..  E go help you understand how market dey move, how price dey go up and down, and how your mind go react, instead of rushing enter plenty things at once..

Everybody life situation different, so you gats know wetin you fit handle. Some people fit put plenty money for Bitcoin because dem believe say na the best asset long term, even though nothing sure 100%..  The main thing be say make you move step by step, based on your own belief and plan, not because another person dey do am..

I am a little confused about what you mean by cash. Because what we need to do after starting investing is to focus on building an emergency fund and gaining knowledge about Bitcoin is the best. The importance of an emergency fund is immense to deal with unexpected financial disasters. An emergency fund is very important to deal with our portfolio from financial disasters and to save it from premature sale (or death).

It is most convenient for a new person to continue buying using the DCA method. When a person continues to buy using the DCA method, he will stick with the market and see the ups and downs in the market. Then he will be able to build confidence in Bitcoin very quickly. The DCA method plays a very big role in dealing with risk. Especially in the case of Bitcoin investment, the DCA method plays a very big role

He may not have said anything to be confused about here. I think he actually means your income by “cash”. Your discretionary income will be there only when you pay attention to your cash flow. And only after that you can focus on building an emergency fund. You first need to focus on how you can focus on investing. Later, you will look at building an emergency fund to protect your holdings from panic selling or force selling in order to continue investing for a long time. If you talk about building an emergency fund before you have developed the mentality to start investing. When you think about starting investing, your thoughts will only be about investing in the beginning. Thinking about building a back-up fund first means that you are not thinking about investing in real terms. It is true that the back-up fund is very important, but it is not as important to give priority than starting investing.

When you invest yourself, you will be able to give your opinion in real terms. If you do not invest yourself, you will just keep talking without logic like memorized knowledge from books.

If a person has a strong income flow. Has various types of assets (land, apartment, gold) and cash savings, then he does not need to create a separate emergency fund. Because if his income stops, he will be able to live without that income for many more months. Because he has various types of assets as a back-up.

These things depend on the person's wishes and financial situation. Since everyone's situation is not the same, everyone gives their own opinion on the whole matter of investment depending on a standard concept that is effective for most people.

[Tungbulu]

It doesn't really matter whether holding it for 4-5 years should be beneficial.

What matters most is the ability to accumulate more quantity of Bitcoin no matter the season of bear or bull market.
If an investor purchase Bitcoin at $126k, meaning profit time will take more than 5 years than when bought if Bitcoin low of $40k for instance.

For every investor, especially those who are relatively new to Bitcoin investment, the last thing that should be driving their accumulation should be monitoring whether they’re actually making profits or not, especially within the short term. Every investor should have some kind of a goal before starting their investment, and for Bitcoin, since Bitcoin is a long term asset/investment, those goals should also be long term goals, and these goals should be every investor’s major drive, not some short term profit or market performance. Whether the market is in a great shape or not, your long term goals should always be your major drive.

[ejikeme24]

For every investor, especially those who are relatively new to Bitcoin investment, the last thing that should be driving their accumulation should be monitoring whether they’re actually making profits or not, especially within the short term. Every investor should have some kind of a goal before starting their investment, and for Bitcoin, since Bitcoin is a long term asset/investment, those goals should also be long term goals, and these goals should be every investor’s major drive, not some short term profit or market performance. Whether the market is in a great shape or not, your long term goals should always be your major drive.

What is investment without a goal/ or target? The answer is simple, if you're investing in Bitcoin when you don't have a goal/ or target then it means that you're just fucking around or wasting your time, it is just like when you're making savings without a budget you end up tempering your savings whenever you feel like and that is because you don't have reasons as to why you chose to make the saving. However when you set a goal before starting your investment there will be some level of discipline, there are some certain things you would see and just overlook just so that you don't ruin your investment plans.

[Yablee0]

If I missed anything important, please let me know.

You have stated most of the major things that is needed to be intact before kicking off an investment journey but you excluded the most important one which is the discretionary funds. Discretionary funds is the major factor that ensure a successful Bitcoin investment, you can earn millions of dollars for all I care but if you aren't able to figure out your discretionary funds their is no way you can be a successful investor of Bitcoin because attempting using the wrong funds is the first step to failure.

Furthermore, no doubt all the other stuff you earlier mentioned are quite necessary but investing with a fund's that isn't the discretionary funds will only result you to deep in your investment holdings when real life problem comes and for that to happen to any investor you are actually on a easy path of failure in that investment.

[Versatile_choice]

Your topic is a little bit confusing how much thing should be keep in mind when starting a bitcoin investment? are you actually talking about the aspect of knowledge or the amount we should have in our discretionary income before getting started? If that's what you meant then there's no amount that is fixed for everyone to start with you're free to start with any amount so Long as it is coming from your discretionary funds. As for the knowledge of course it is essential to know the basic things about bitcoin investment before investing so that to avoid unnecessary mistake.

[iBaba]

Your subject is not organised i think you should habe edited it, we all get the message. One thing you must prepare for before getting into bitcoin investment is to have emergency funds without this you are going to have problems in your journey as an investor. A lot of people don't really invest for a long period of time because when they have a challenge they take out their investment to solve their problems not minding if they are in profit or loss. Its really important to have asl source of income before considering to make an investment in bitcoin

Emergency funds are very important in bitcoin investment because emergency funds solve our emergency and help us hold our bitcoin for the long term, but I think before getting into bitcoin investment, it's essential to have discretionary income before thinking about having emergency funds because if you do not have discretionary income, you cannot kick start bitcoin investment and build emergency funds.

The truth is, anyone that is planning of going fully into bitcoin investment and wants to do it for a very long period of time but also have in mind the need for them to plan out a good emergency funds strategy. Emergency funds are as important as the money they are keeping for their investments. I will even advise that before you start your investments, you should begin by securing your investments funds. After securing them, then ensure that you keep them safe somewhere else before you will now start planning out the best strategy towards a successful investment strategy.