Quote from: mirakal on Today at 09:35:50 AM

Quote from: m2017 on May 05, 2024, 10:45:48 AM

"Question to hodlers:How will you spend the money?" - to buy an island, a lambo and a couple of mulattoes. Cheesy

Quote from: tajimas on May 04, 2024, 02:23:00 PM

Sooner or later there will come a moment when we will sell the bitcoins we hodl and have to invest this money in something else to create passive income
It can be real estate,any business,buying land and renting it out or something else

Why sell bitcoin in order to invest the money received in something else, for the sake of receiving passive income, if bitcoin already brings passive profit? Moreover, not every method of making a profit can boast quite significant returns.

Some, for example, buy a yellow legal pad. Although I could call this the most senseless and stupid way to spend bitcoin (or there is something I don’t know and don’t understand in this story).

I guess selling bitcoin in order to acquire other investment is quite unreasonable, but if you tend to sell a portion of your bitcoin investment in order to diversify your investments, that would make more sense, like buying properties or putting up a physical business that would attract a lot of customers, hence you are adding to your bitcoin investment that would also gain more passive income.

However, if you can also maximize your bitcoin investment, that would mean massive profits as well. But I always believe that it’s always better not to put all your eggs in a single basket, that way you will lessen the risk it involved and you will come to minimize the chances of getting lose all at once.

I think the passive income the OP is talking about could be investing in real estate and then renting it out to earn income each month, and bitcoin cannot do this. Additionally, there is nothing wrong if our bitcoin investment is already profitable and we take profits to diversify our portfolio. We all know that bitcoin is very volatile and it would not be wise for us to place all our assets in bitcoin.

I also have that plan, I will take profits when the bull season comes and will only keep about 30% of my assets in bitcoin, the rest I will diversify with other assets and invest in the business sector. That will help me minimize risks as well as have a daily and monthly passive income source through business and real estate rental.