Re: Buy the DIP, and HODL!

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.

Quote from: Wind_FURY on March 21, 2025, 03:02:40 PM

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.

It is complicated and contradictory, and at the time time it is not laughable because it is loan we are talking about which we are ought to be very conscious about while it is not even advisable to take a loan and invest in Bitcoin, or it could be more better to start up the business we took the loan for and invest in to Bitcoin gradually with part of the profit while also making arrangements on how to be repaying the loan because the bank that gave the loan at some point can be monitoring the said business of which you took the loan for.
Five years as you said is just a cycle and 1 Year and you can't actually determine with certainty of what will become a Bitcoin within this five years with the fact that money used is a loan. You know taken a loan from a bank requires legal proceedings and tricking them can get you in to trouble.