Topic: secure your Bitcoin investment. (Read 118 times)

The phrase to secure a bitcoin investment is the ability of bitcoin investors identifying trustworthy crypto wallets to store their funds, holding their assets anonymously and staying conscious of scammers which could lead to investing your funds on illegal platforms or being exposed to hackers with the intensions of stealing your funds by hacking your Privacies with malicious softwares and also staying consciously with your seed phrases.

Op u get point ubget point! After investing, securing our investments to make sure say we arrive according to our plans dey paramount.  Taking good steps  to make our investments progress dey good , As we invest make we Tey balance personal  needs and investment to avoid premature selling of our bitcoin holdings always get good plan so that ur investments go grow.

Back up funds ( Emergency funds,  reserve fund and float fund)  these funds dey crucial well well, most investor wey no plan with this funds dey  quick sell their bitcoin. Because when dem no get funds to Bacup their investment and things wey dem no know say go come up(unforeseen) happens dem fit gonsell there Bitcoin holdings, so as we dey invest e dey important to dey set aside money wey go backup our investment for things like this. Backup funds na dem be investment backbone and e dem dey give us advantage to buy more bitcoins with reserve funds,  Backup funds dey very necessary to every investor wey get long-term holding mindset.

To manage our investment for bitcoin we need to dey discipline, patience and dedicated to achieve our target. No let short-term price downturns make u take unnecessary decisions but just dey focused on ur accumulation and plan with better strategy wey go make u dey grow ur investment.

I no talk say if you get emergency make you no solve am oo, health first before investment or any other thing, watin I just dey talk na say e good to secure your investment, e no good to get investment and you no get ways to use secure your investment, I just mentioned ways way me I no go help person secure there Bitcoin and I no say other way too dey.
If all the big business men way they today no reason about securing there investment in one way or the other dey for no they this successful, any how you put am to secure your investment they very good, like you talk say person need to take care of en health and na true if person no take care of en health en go die na why e dey good to get backup funds way go help you in times of emergency like sickness, accident e.t.c. if you use all ur investment to dey always solve ur emergency your investment no go ever grow.
My opinion.

Everyone has their way of analyzing investment of bitcoin. Yes it is good to secure your bitcoin but you have to k ow that it is your money and you have the right to spend it at anytime because what you spend will be what you will benefit from the investment. Op so you also considered dead in bitcoin investment? Now that you are saying we should not spend it when it has not reached to sel or when they is an emergency. If you die who will spend the money.

As you can see I don't really accept things like that. And I think twice before making comments because I don't just come here and say yes I agree with you when I know that emergency is uncalled for. And that is why you need to keep emergency funds.foe your health and other things if you don't want to touch your bitcoins. Like me I have the two plans. I have bitcoins in my wallet and also cash in my account for emergency use. And if the person didn't plan it in this way then definitely he must touch the bitcoin to solve the problem. And you don't have to blame him because he has to safe his life so he can continue the investment but if he dies, then everything is wasted. The the user who die before we came to the forum.im the Nigeria Board, and assuming he was having bitcoin in his wallet before the demise whom di you think would have them? We have to think wisely. It is good to secure your bitcoin but don't be deceived by the motivational speakers.

Back up fund is an important consideration towards having a secured bitcoin investment, but there are things to also consider towards having this backup fund, just before we begin with our investment, we have to consider the source of the money we are using, how long we are planning to use the money on the bitcoin investment and also consider the little amount to be segmented differently from the actual investment we are making, this second plan will be the back up funds in which we are going to make use of it for other up keeps and miscellaneous that may warrant us to sell from what we have invested, but instead of selling, we resulted back on the backup fund for it utilization on our daily needs.


In most cases, this have to do with the kind of exposure and experience we have in making investments, most especially on digital assets like bitcoin, if we lack any exposure in this, then we should endeavor to mange and learn about how to start a bitcoin investment, know about the bitcoin network and understand what it takes in making an investment in bitcoin, when we know both the pros and cons, we are going to know the best way or strategy to use for the benefit of what we are investing with bitcoin.

From my own idea about Bitcoin, if you invest 500k for Bitcoin you no go become million within just 1 year, you gets hold that 500k Bitcoin for like 3 to 4 years or more.
This believe nai many investors them get nai make them no think two times before them invest for Bitcoin.
Normally Bitcoin fit make person rich but no be the same way we dey think am say e dey easy. You must invest millions in Bitcoin before you gain million profits from Bitcoin within a space of 1 year or more.
Person wey invest only 500k downward can't become a millionaire through Bitcoin all of a sudden.

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One easy way when a Bitcoin investor go fit get emergency funds and still dey invest for Bitcoin nah say em get business wey em dey do, this business/job nah wetin be em source of income. And this em source of income nah the main thing nau they give am the money wey em dey use invest for Bitcoin, so if em no get source of income em no go fit get emergency funds and em no go fit invest for Bitcoin, even if say em done invest already the investment no go last 1 year em go sell them all.
Some people wen them invest for Bitcoin and them lose their job or their business crumbles and them use their savings finish, them go sell the Bitcoin them get (gradually gradually).  So my point here be say nah source of income br the most important thing, when you get am before you think of investment and emergency funds.
But Bitcoin give us the opportunity say we no need get plenty money before we invest on am (even with 5k we fit start to invest), nai make when you invest thousand naira/dollars nah same thousand naira/dollars you go still get as profits.

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The thing be say, as you one start up investment or project you need to limit your self small from how you dey spend money, if you no fit discipline yourself while you one carryout project or investment you no go do far for ram because you no sabi manage things properly.

All wetin you talk na true OP and I concur for wetin you don talk so far.
True true, if person no get back up funds available before e start en Bitcoin accumulation process, e mean say the person no get better preparation and e no also get better plan for him investment, because surely, emergency go occur for future so e dey important to prepare for am before e happen, so that when e happen, you no go panic or rely on your investment for financial support to settle the emergency.

And to add to wetin you don talk so far, e dey important for people to also protect their investments from scammers too, no be just emergency and bad management. Report don show say plenty people for the industry don lose huge amouyof bitcoin to scammers and fraudsters through plenty malicious means.
All these scammers now get plenty ways wey them go take collect your informations and private details wey fit compromise your wallet and Bitcoin assets, so e dey crucial to make sure say we equip ourselves with the necessary knowledge and ways to avoid being victimized by those people, and also avoid clicking on anyhow link online to avoid being phished.

Make we all stay safe.

Some people no they reason how to secure there Bitcoin investment, if person no secure en Bitcoin en go lose everything when en meet problem for road, to secure your Bitcoin mean say you no want anything way go lead you to withdraw your Bitcoin when time never reach, e get some people way done they accumulate Bitcoin for some time but because of emergency or problem way involve money them sell all there Bitcoin without making any gain and e dey very bad.
Some people for done become millions through Bitcoin but they sell off there Bitcoin too early and they sell am so they fit use the money solve some problem or emergency way come up, so when person enter Bitcoin investment en good to find way to secure en Bitcoin so that en no go loss am when en never make better gain inside.


Any body way won enter into Bitcoin investment and e they plan to hodl for a long term need to secure en Bitcoin investment and to secure your Bitcoin investment you need the following things.

1. Backup funds.

This backup funds na emergency, reserve and float funds, all this money na money way person go save one side to use solve problem and do other things without touching your investment.
When you save all this money e go help you when ever you get issues way require money for example when person way you love get accident or they sick or when you self get accident or they sick and you done use all the money way they your hand and more money still dey needed na that time you go just put hand for all this your Backup funds to treat yourself or that your loved one, but person way no get this backup funds now, go put hand into en Bitcoin investment, na why e good to secure your Bitcoin investment by having a backup funds.

2. Good management skill.

Waything they always make some people dip hands into there Bitcoin investment na lack of management, some people no sabi manage money at all, sometimes you go see person way them they pay better salary but en no fit boost of one investment, why some people with the small salary way them dey pay them they done get better investment.
If you enter into Bitcoin investment you need to sabi how to manage money if you no sabi how to manage money you go lose your investment because when you useless your salary finish you go dip hands into your Bitcoin investment so you fit keep up.
So if you won secure your Bitcoin investment you need to sabi how to manage money very well.