Quote from: Winterfrost on Today at 10:09:24 AM

Quote from: Plaguedeath on November 15, 2023, 01:07:48 PM

Quote from: Accardo on November 14, 2023, 09:14:26 PM

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business.

If your business can make more money than invest in Bitcoin, why forcing yourself to invest in Bitcoin?

As long as you still have an idea or making your business bigger, there's nothing wrong to re-invest into your business. Invest is when you have idle money, but you don't know or have any time to generate more money.

In as much as he thinks his business can earn him more than investing in Bitcoin. He also feels that whatever he gets from his business as a profit, instead of saving fiat in the bank, where inflation can affect is so much and the value will reduce over time. He prefers to store the value by investing in Bitcoin.

Many people do this and i am not exempted, since i have no use of my fiat and have enough for emergency and to sort my bills, the next thing is to keep putting my money in Bitcoin. However, am not saying if there are other investment i would venture into it, i can do both the investment and still invest in Bitcoin.

That's actually good thinking as you are thinking of your funds to earn more than just save it in the bank. The only thing is, savings could be used for emergency funds for emergency purposes so when you are in need of money, you could simply withdraw money. If you invested your money in a long-term aim or short, when you're gonna leave the market in a red market, seems like you'd just lost some money. If you are going to do this method, it would be better to split your funds into savings and some for investment. That's why it is really important to manage your funds, cause you can lose your money in an impulsive move. Assess your situation first cause not all scenarios are applicable to everyone.