Post
Topic
Board Economics
Re: Other businesses and Bitcoin investment.
by
Promocodeudo
on 06/12/2024, 09:11:16 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.

Buddy first and I commend you for the knowledge you have gotten so far, it's not easy for someone in your rank to have this kind of knowledge, you mentioned few things that I have to react to which I also comend you for, I think it will be a high level of deceit if anyone thinks that Bitcoin is a source of income, Bitcoin isn't a career job and again it is an investment of the future so why would one even have such mindset, Bitcoin investment is long-term stuff as such anything we are expecting should be in the future not immediately, this mindset of Bitcoin being a source of income has made many people to stop halfway in Bitcoin investment because they came into Bitcoin investment with the expectation of what Bitcoin cannot offer so as time goes on the understand that their plan can not be accomplished, some left and those who finally understand the concept stayed back to continue.

The thing is, it all depends on your income and your picket, if an investor has all it take to keep accumulating Bitcoin with DCA which is even very much efficient method of Bitcoin accumulation such investor can decide to do other business too hence it's not affecting their Bitcoin accumulation process but if you're aren't bouyant enough, one step at a time will be the best move to take after all you arent hoping to remain at the level of your income, when your income level up, you can also step up your accumulation level, may be still do other business so that you can fall back to them for need in other to avoid any pressure that may arise and such will enable you to overcome panic or premature selling of your Bitcoin, Bitcoin remains a futuristic investment not a source income.