Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Ruttoshi
on 24/11/2023, 14:35:06 UTC
⭐ Merited by JayJuanGee (1)

Once you start making gains from the business, you could aggressively buy Bitcoin using some of the profits from the business and your income. This way, you may now be buying Bitcoin using your income ($200) and from your business gains ($50) weekly, helping you reach the level of Bitcoin portfolio you desire.

Sure, there are frequently complexities for business opportunities that maybe or may not be worth the injection of capital to get into such operations, and sometimes there can be good opportunties, so we cannot weigh those kinds of trade offs in a thread like this, and we cannot necessarily assume, either, that it would automatically be better to get into a business rather than buying BTC with the extra capital.. it is not easy to know without getting into particulars of the business.. .

And as Salahmu mentioned in the next post, people will sometimes get distracted by supposed "business opportunities" and want to spend their bitcoin investment, which can be very tempting, but not necessarily a good idea for someone to get so excited about supposed opportunities that s/he has merely because s/he has savings and an investment in bitcoin that is generally growing and so dipping into it is tempting, but not be as good of an idea as continuing to build the bitcoin investment with out getting distracted... and of course, everyone has to figure out how to balance these kinds of temptations, and whether the opportunity that is presented is as great as it appears from the initial stages... but might not be so great after several years of wasting time in it. when you could have had been building your bitcoin holdings in other ways.  There is no exactly better choice, even though there likely can be due diligence difficulties that might even be more difficult to assess than assessing the putting of value into bitcoin.
I agree with everything that you said @JJG, I don't know why some people haven't build up the initial their bitcoin investment portfolio to a good level, and they are talking about diversification to another investment. They don't know that it will be a big distraction for them to reach their bitcoin goal and also to continue with the bitcoin accumulation. This is because they will stop their bitcoin accumulation and start paying more attention on the new business that they want to start with. How are we even sure that such business will yield a better profit than their bitcoin investment. It is easy to manage on investment than two especially when the investment is still very young. Before you know it such people might even go to the extend of selling part of their bitcoin to put into the new business when it is faced with some challenges. It is a poor investment practice and should not be encourage because you might end up losing the opportunity to buy bitcoin more cheaper because you have lost focus on buying bitcoin for some period of time.