Quote from: Z_MBFM on October 17, 2024, 01:55:51 PM

Quote from: SuperBitMan on September 21, 2024, 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.

Passive income requires setting up a business. Because Bitcoin investment will give you good profit but it will never give you passive income. To get the best out of Bitcoin you need to hire DB for the long term. So if you do not have a business or job, how will you meet your daily expenses? So instead of depending only on investing in Bitcoin, you have to keep an eye on some other sources of income that you can't avoid. But you can invest in Bitcoin only as an asset. And you can keep it for a long time.

We can get passive income from working or running a business and as you said very true we will be able to make a profit in the long term but cannot provide passive income from the asset, to be able to meet the daily needs that we need of course we must have income from the work we do and it is very unlikely that we will be able to survive in investing without having enough income to meet the daily needs that we need, yes having some sources of income that we have will certainly help us in running investments well and will also be able to hold the assets that we have invested in the long term without having to take for the needs that we need because we already have the income that we have for daily needs.