Hodl (Naija)

[knowngunman]

Anyone can start diversifying its portfolio at anytime. An example is 70% bitcoin, 20% gold and silver which is talked about and 10% altcoins portfolio. You can start them with bitcoin accumulation.

But the issue I see is that it is very clear that gold can not give the return that bitcoin can give. Silver can give it but I prefer and trust bitcoin than silver to give higher returns, not in usability.

None of these assets give higher return like bitcoin but it's a coin with two sides. When the reverse side happen, you'll likely regret while you chose it over gold. I don't think anyone buys gold expecting 100x return from it in few years. The highest it can get in a year is about 1-2% but the good side of it is that it doesn't depreciate rapidly like bitcoin that gives high return. BTC has potential to do 10x but at the same time can do -80% during bad days. Alt is gambling, unless you're good in trading to be taking your chances. Diversifying on these assets should be based on their role and not about return because they are incomparable. BTC for potential high profit and gold for maintaining your wealth.

[BitBakerr1]

Bitcoin price:
₦85,911,282 ($62,765 €54,888 £46,996).

Wont it be better to use automated posting, specifically for updating the price on this thread.

The OP has been doing that once in a while, doing it every day will be a huge work but actually it will be better if it’s been updated every day, but I really don’t see the need for that, doing it once in a while just like the OP does it is okay, but if you can be doing it every day you can actually do it, the OP has already given you a go ahead order so you can be updating it, but how long will you continue, don’t start what you can’t finish , just joking you can carry on if you have the energy for it.
Goodluck but this your name Dey make me vex .

[PremiumcryptoHub]

A lot of people treat emergency funds like something people build after you start investment but having it in place first really gives you breathing space.vit makes investing way less stressful because you are not constantly pulling from the Sam pool of money. at this same time , I think for many beginners it's just a timing issue rather than lack of discipline they are trying to balance both at once with limited income.

Even though i support the idea of having emergency funds, i don’t think it would be wise to delay investment just because you have not figured out your emergency funds yet. In an instance where a person’s discretionary income is limited and they are not able to set aside their emergency funds from it, there’s no need to hold off their investments because they can always figure out ways to make their emergency funds available on their next purchase. It will be better to start investing with whatever you can comfortably afford first and then build your back up funds alongside it as your discretionary income allows instead of wasting time waiting to complete one before starting the other.

I wish people realize that starting an investment is a very big step that requires lots of emotions and considerations, so at a point where you have the desire to invest it is better you invest at that moment, whether knowledge or emergency funds or whatsoever can come later, some people might say they don't have this or they don't have that and at the end of the day the end up not investing at all, so starting the process will make you to even get to know those things and get those things better.

I think many people realize that investing in Bitcoin is a big step but new investors who have little knowledge might take it as an easy step and just invest with their discretionary income. You are right that some people say they don't have this or that but that is just an excuse to start investing in Bitcoin, one thing to remember is that not only Bitcoin investment but other investments like gold or silver are also good if one has enough money but we feel that gold or silver cannot give the returns that Bitcoin gives.

Everyone is free to invest in whatever asset they believe will give them what they want, some prefer physical assets while others think that digital assets are more valuable moving forward, both ideas aren't wrong, we can all invest in whatever we want, it's better for a person to decide on what they want rather than to be convinced by another and then not have a successful investment, I would advise anyone who wants to invest in bitcoin but the choice is ultimately theirs to make.

As far as I know, everyone is independent when it comes to investing because many people invest in different assets. In fact many people are currently choosing to invest in Bitcoin because this asset can provide higher returns than physical assets. Even so, I have opened up to those who want to choose this Bitcoin investment, it is very risky because its price fluctuates constantly,Also, the price of BTC could suddenly experience a huge drop, even news can lower the price of Bitcoin,As evidence of this, we noticed that Strategy sold over 3,000 Bitcoins today, the impact of their selling such a large amount of Bitcoin may have a negative impact on the sentiment of the BTC market.