Quote from: lizarder on Today at 11:47:27 AM

Quote from: JamesBorn on April 26, 2023, 06:48:03 PM

Investment in bitcoin can makes you developed reasoning on how to expand your income, most people who do holdings for a long period of time makes enough money at every running of bulls price and they begins to diversified their investment into different places. Some expands to mining, trading and physical business but when you eat you investment at every little price increase or drops you tends to remained statics, holding is a good option no matter the current price. Some people who became big bitcoin investors became it as a result of holdings.

I decided to go straight into business after getting profits from bitcoin trading a few years earlier, bitcoin has provided a little way for me to try to develop financially to grow more, so the income that I currently get is not only from investments, but there are business sources another that I ran for several years. In terms of investing I am one of those who rely on the long term and so far have been trying to maintain this pattern in investing, although I occasionally try my luck using short trades when they are profitable.

What I want to convey is that to expand our finances we are required to have several forms of income streams that we have, so that the more sources of income we get, the healthier the cash flow of income we receive. This pattern is what the rich do in search of profits and their finances will be much stronger because of the various sources of income they receive every week, month and year.

Indeed, whether in business or investing, diversification is something we should all do, not just focus on one thing that would be very risky. Currently, I have my main job outside and spend the rest of my time researching financial markets. I am betting most of my fortune on bitcoin, and if all goes as expected. I mean, we will have ATH in 2025, then I will sell all my bitcoins, then I will open a small business to expand my income.
Although my income from my main job and investment is very stable, I still don't want to stop. Because life is unpredictable, I think it's better to prepare while we can.