Re: Buy the DIP, and HODL!

But do you know that for you to be investing in bitcoin either monthly or weekly, you need that source of money that can always be bringing it the inflow of resources. Knowing fully well that your bitcoin investment is for the long term, and you choose to invest on it first, before looking at that extra business that will be bringing the funds in, how do you intend to sustain that your investment? Knowing fully well that this investment is supposed to be for long term. For me it's wise to set up your restaurant business first where you will be seeing profit on daily basis, and from that profit, you can using part of it to run your weekly or monthly DCA on bitcoin.

First of all, I want to say congrats on your new rank. Indeed, the knowledge from this thread is paying off.

You are assuming that starting a restaurant business is the best way to generate funds for Bitcoin investments. But you forget running a business is like starting an investment because success is not 100% guaranteed. Running a restaurant comes with expenses, competition, and unpredictable cash flow. There’s no guarantee that it will provide steady profits to fund and sustain your Bitcoin investments. It does need time to grow and let the foundation of the business grow. It may take a year or more as the case may be.

However, I am still in support that we must have a source that has stability in income flow if we really want to meet our investment target. Jumping into an investment with an unpredictable source of income will affect our investment.

Restaurants business is not the only way to generate fund for Bitcoin investment, it's just like every other businesses that generate daily income. On like Bitcoin, every businesses need to be sustain for long term in other to strive with good profit in the future and for this to be possible there is need to reinvest the profit generated in the same business in other to make it more sustainable.
To make good profit in Bitcoin investment require a long term plan so if you continue using the profit of your business to invest in Bitcoin by DCA it may affect the sustainability of that business, so while proposing to setup a business with the aim of using the profit to invest in Bitcoin by DCA in a stipulated interval of time there is need to think of other skills that will enable you to get more fund to aid your businesses and Bitcoin investment.

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You are obviously repeating the same thing i just said. What is the essence of this your comment now?

You are getting it all wrong as well on your bold text. I never said anyone should reinvest the profit getting from a business back into the business and even it that is the case it isnt a bad idea. Every business needs time to grow, it might become very challenging when you start a business and then immediately you start seeing profit you invest the profit into Bitcoin. Dont you think having a solid foundation in the business is important?

There are business people do that they know it will take only theft or damages for them not to profit in that business becuase that business has been groomed and rooted not to fail. Such person who have this type of business can invest in Bitcoin for as long as he want s without any financial challenges or limit to what they can invest.

In conclusion, if anyone have a capital he should do whatever he wants to do with it. Whether he wants to invest in Bitcoin or start a business it is a personal decisions to make. In the end he alone will take responsibility if his actions. I am only saying he should focus on one and not the two. If he choose business then he should give it some time to grow and if he choose investment he should meet his accumulation goal first before starting a business. If he has money to do both then he can do it. The strength is his.