Post
Topic
Board Economics
Re: Other businesses and Bitcoin investment.
by
rhodelmabanal
on 26/09/2024, 12:37:44 UTC
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.
I agree on that,i think we need to have another source of income because if we only lean on bitcoin and on times of trouble when its price fall down during dip we will surely become panic. Unlike when we have another source of income we will not become panic because we can still earn from another business when btc investment doesn't work in time of bear season so for me having another business while investing in btc is a good idea.