Post
Topic
Board Economics
Re: How do you work toward hodling bitcoin?
by
ancafe
on 16/11/2023, 04:39:39 UTC
The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.
First of all you have to know, does your country legalize bitcoin as an investment asset or not? Because most countries legalize bitcoin as an investment asset and do not allow bitcoin as a legal transaction tool, trying to combine bitcoin into your business may not necessarily be successful, especially since people there are still quite unfamiliar with bitcoin. Simply put, if you intend to hold bitcoin in the long term then you must have another budget to support your business and a steady income because trying to play investment patterns in the short term to generate profits is not easy.

People who have financial power do not make profits from one door and that is why their financial power gets stronger. If you only expect profits from Bitcoin while you don't have other sources of income, it will be difficult for you to keep up. Someone who is at a stage like this will usually choose to hold bitcoin for the long term and they will look for other sources of income to support the business.