Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Derekfunds
on 22/03/2025, 08:14:21 UTC

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.
That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.


Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.


It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.


If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.



You are right but I think it depends on the amount you want to loan and the kind of business you want to venture into, there are some business you will put in enough capital and in less than a year you would make half of the initial capital if not more depending on the business and so if this is the kind of business you venture into I doubt if putting such capital into Bitcoin investment will bring as much profit as that business in the interval of 5 years as you said even though Bitcoin has a great potential. Remember Bitcoin is very volatile and so it can take a while before it can skyrocket and even after skyrocketing there will still be a Dip. To an extent I think this comparison is 50/50.