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Quote from: Agbamoni on February 01, 2025, 10:14:24 PM

Quote from: Justbillywitt on February 01, 2025, 08:19:48 AM

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.

To get success from Bitcoin you should withdraw the business idea. This is not a business brother Bitcoin is a reliable source of investment and you can build a huge holding for the future through long-term accumulation that can give you financial freedom in future. You are confusing the talk by using Bitcoin as a business. You will continue to deposit Bitcoin through simple considerations for example, if you receive money as remuneration from your business establishment or job at the end of the week then after meeting the needs of your family with that money you can deposit Bitcoin in the DCA method with a part of the discretionary money left and keep the other part for yourself as a backup fund. This is a very simple calculation that anyone can understand. You can increase the amount of DCA gradually according to your source of income. Over time your Bitcoin holding will increase and reach the desired point.

Your contribution that Bitcoin is not a business but investment is clearly noted because business is when you are providing certain services to make profit but in Bitcoin you don't have the control of the system, all that is require is to investment certain about of money by accumulating Bitcoin maybe in DCA and hold for long term for the purposing of making profit in the future.