Quote from: legendbtc on Today at 02:42:16 PM

Quote from: Spaceman1000$ on Today at 01:18:50 PM

Quote from: SuperBitMan on Today at 10:16:29 AM

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

The idea of building a business while still accumulating your Bitcoin is not a bad one, however for the trajectory of Bitcoin and the growth bitcoin has attained over the years, I have not seen anybody that has invested for 3 years and hasn't gotten any profit as you postulated in your text.
There is no business investment that has profit margin that is not volatile, so making it sound as if Bitcoin volatility is one heavy disadvantage for investors when you know you can always manage your risk by investing with your residual income so that you won't grow panic attack, especially if your somebody that hasn't grown a thick skin when investing. So you have to invest within your capacity and overtime you can increase it as time goes. although despite this volatility, the growth of Bitcoin since it Inception has been astronomical, and that is why you see more investors coming in everyday.

It is true that its past growth performance has been quite impressive and almost a repetitive process but what guarantee do we have that things will always repeat like that in the future? Like what is happening now, what guarantees that history will repeat itself again? Because the future is unpredictable combined with the volatility of bitcoin makes it riskier than any traditional investment.

Those who bought bitcoin at $69k 3 years ago and are still holding it today are still losing money. Don't think that anyone who invests in bitcoin will make a profit.

Business also has risks and it all depends on your knowledge, experience and strategy. But the difference is that business brings passive income daily, monthly and you can change your strategy to suit the market situation. Meanwhile, if you invest in bitcoin, other than holding and waiting, there is nothing else you can do even if your investment loses.

We have received thousands of advices in the market and most of them advise us to have a source of income before investing in bitcoin. I have never heard anyone say that we should focus on investing in bitcoin first and look for income sources later.

I haven't seen where the price of Bitcoin was $69k 3 years ago maybe you can drop some link to help buttress it. However Those that invest in Bitcoin know the risk factors involved, they've studied the volatile nature of the subject matter, hence it doesn't give them panic attack, a dip shouldn't scare an experience investors, just as it is always said, that's dips are opportunity for you to accumulate more if you have the resource because surely the market will bounce back.

So if you choose to make Bitcoin investment your sole income generating asset, then that's your choice and it should be respected, if you choose to have multiple streams of income to boost your resource base, that's your choice too.