Creating a balance btw saving BTC and profit making activities.

[Faazs]

Talking about how we go take balance saving and holding BTC with our other profit making activities dey about differentiating holding value over time and liquidity source. We dey see Bitcoin as a long term holding/saving movement while profit making activities dey help attend to our daily needs and development.

A rather efficient way is earn in fiat or stable money sources, attend to your expenses first, then strive to always allocate a portion of your money into Bitcoin using the DCA method consistently. This will technically eradicate the probability of acting with emotions when making Bitcoin related decisions and also bubble down the risk of exposure to volatility. BTC has over time established itself as a
hedge against inflation and harsh and unfavourable monetary policies by people in power, rather than a trading venture.

In the process of generating money, fixing the mind on how BTC price moves is not advisable. The idea is having a robust source of income which is stable and consistent, so you are able to meet your Bitcoin saving needs as well as your daily needs. Trading BTC should not be encouraged but if practiced should be limited, risk taken well calculated and money allocated for long term savings should not be used to trade.

Attaining financial freedom over time is connected to treating your Bitcoin as a no go area, while your day to day life is funded by your money making activities. Trying to join the two together normally brings confusion that perpetually lead to panic selling or over trading at the end which potentially defeats the reason for the process initially.

In the end just hold as long as you can and let time work it's magic.

[Fiatless]

Having a steady source of income is essential in achieving your Bitcoin investment goals. If you are using DCA that's okay since you can easily allocate a part of your income to buy BTC periodically.

Having emergency funds is also important because life is unpredictable. People could lose their jobs, fall sick, or face other financial problems that might have a negative impact on thier sources of revenue. At this point you can fall back on your emergency funds.

As much as I support that our Bitcoin investment plans shouldnt be tampared because of the volatile nature of the asset. However, there is no investment that is a no go area if situation calls for it. I saw a post where someone asked if it is good to sell Bitcoin when there is a health emergency. My answer is yes because you and your close family member have to be alive to enjoy your investment. No asset is untouchable.

[Callido]

You guys are making things really complicated when it is not, who goes to invest in Bitcoin without a source of income, with the hardship and state of the country, everyone is working towards having a robust source of income. Either a person is trading, investing or combining both, doing all of these come with rules which i consider to be financial discipline, an investor that can't follow the rules will naturally not partake in profit making.

[Cryptomultiplier]

You guys are making things really complicated when it is not, who goes to invest in Bitcoin without a source of income, with the hardship and state of the country, everyone is working towards having a robust source of income. Either a person is trading, investing or combining both, doing all of these come with rules which i consider to be financial discipline, an investor that can't follow the rules will naturally not partake in profit making.

Profit making is only for the disciplined few who knows how to follow the rules and do the needful financial planning and investment research before jumping in.

The best way one can efficiently manage a BTC DCA portfolio is if one has something to do with Bitcoin or cryptocurrency, where it is not, one ought to have gone through the pain to learn the basics and done well to acquire the best risk management skills so as to know how to DCA for long term with great profit or returns.

[Mate2237]

This is were the place of budgeting comes to play, when it comes to investing in Bitcoin and balancing others activities which may include other money making activities because the problem has always been limited capital. Alot of people are still struggling with only one source of income so investing in Bitcoin and balancing other aspects of life which is also important is one thing that is difficult for so many people to do. It important that people give preference to what is important to them.


Having a list of needs and wants which should be categorized into their order of importance is key to having a balanced Life because in as much as you want to invest and hold, you should not allow that to affect the other aspects of your life which also is important. I will just that any investment that is done on Bitcoin for people who are struggling financially should be done only with money that may not be needed necessarily in the immediate time. Also prioritize other aspects of your life and you should also try and put up other physical investments that will also serve as a source of income.

[Doan9269]

Talking about how we go take balance saving and holding BTC with our other profit making activities dey about differentiating holding value over time and liquidity source. We dey see Bitcoin as a long term holding/saving movement while profit making activities dey help

If we are holding bitcoin, then we are safe, if we choose to hold on other physical assets, then being able to give it the same range of time as the one we had with bitcoin, we will see the difference with time and how bitcoin could be more promising than other assets we have investment on, another thing i will advice here is to ensure that what we are investing into bitcoin is far much higher than the ration we left on other investment, because this will later mean a lot at the end, when we have most of our portfolio asset on bitcoin than any other.

[Realwhot]

Talking about how we go take balance saving and holding BTC with our other profit making activities dey about differentiating holding value over time and liquidity source. We dey see Bitcoin as a long term holding/saving movement while profit making activities dey help attend to our daily needs and development.

A rather efficient way is earn in fiat or stable money sources, attend to your expenses first, then strive to always allocate a portion of your money into Bitcoin using the DCA method consistently. This will technically eradicate the probability of acting with emotions when making Bitcoin related decisions and also bubble down the risk of exposure to volatility. BTC has over time established itself as a
hedge against inflation and harsh and unfavourable monetary policies by people in power, rather than a trading venture.

You should use the word invest with Bitcoin and not save. Save is better used for government currency most of the time. Bitcoin is still dumping now but many times if you buy at a good price you will still make profit. The only thing is the risk that is involved.  DCA is good if you want to be consistent but I'm not sure if you can say it is profitable because of the way everything has been dumping this period.

[Hypnotizer]

You should use the word invest with Bitcoin and not save. Save is better used for government currency most of the time. Bitcoin is still dumping now but many times if you buy at a good price you will still make profit. The only thing is the risk that is involved.  DCA is good if you want to be consistent but I'm not sure if you can say it is profitable because of the way everything has been dumping this period.

Well to be clear to you, there isn’t anytime that you can’t buy bitcoin..every hour everyday every year is the best time to buy bitcoin if you want to Hodl for long term, and if you Hodl for 4-10 year you will definitely be in profit no matter your investment strategy. DCA has proven to be a very efficient way to invest in bitcoin.

You want to judge the profitability of DCAing based on the current market dip? You should zoom out the price from past years and see.