Quote from: Barikui1 on Today at 06:00:23 AM

Quote from: Wind_FURY on Today at 01:53:47 AM

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You are very much right on this sir, starting up a business carries a higher risk than investing in Bitcoin, because when starting up a business, if the business is not properly managed, their is a higher probability of that business crashing down and you losing all the money that was invested into that business, which we all know that investment in Bitcoin doesn't carries such high risk, I haven't even talk about the stress involved in the day to day running of the business.

But with Bitcoin investment, it's less stressful and more rewarding because all you just need to do is to buy and hold, the only challenge you will be having is holding for a very long time, and that's why having a source of income and an emergency funds in place is highly recommended, so as for your holdings to survive the rainy days that may occur in the future, but am very much certain that investment in Bitcoin will be able to give you a more better return than investment in business on the longer run.

Many time folks get into businesses in order to try to produce a cashflow from their labor that is greater than the cashflow that they could produce in the event that they work for someone else.

There is nothing wrong with the ideas of producing more cashflow than you otherwise be able to produce, since you can use that money from that extra cashflow to buy bitcoin.

Anyone investing into bitcoin needs to have cashflow that will both cover their monthly expenses but also allow them to buy more bitcoin. Bitcoin does not provide cashflow in the beginning, and likely if we are treating bitcoin as an investment, then we are not going to enter into any practice of drawing from our bitcoin until after our bitcoin has reached a sufficiently large size. and we might be better off to build our bitcoin to a sustainable size by building a business rather than buying bitcoin.. especially if we are thinking about the various ways that we might be able to generate cashflow.

Surely there are some folks who go to university or some kind of advanced technical training (school) so that they are able to increase their income, and so it may well be better use of their capital to invest into the training of themselves so that they can produce future income than to buy bitcoin with that same money.. since maybe those folks who only invest into bitcoin and do not invest into themselves, they will end up employed in various kinds of mediocre work that neither pays well and perhaps is not even easy to sustain, and they would be better off to either improve their skills/knowledge or even to make other investments (such as in a business) that will help them to become a better generator of cash with better income levels.

Many folks are not going to be able to invest into bitcoin and to stop working, since it could take 4-10 years or longer just to build up the bitcoin's stack size but also to allow the passage of time that will allow for bitcoin to compound in value upon itself - and that compounding value is not guaranteed, even though it historically has been very powerful and bitcoin remains an investment with very strong fundamentals contributing to its asymmetric bet nature, to be amongst the best, if not the best place to put extra income.

Quote from: coinerer on Today at 08:59:11 AM

Quote from: Wind_FURY on Today at 01:53:47 AM

If someone in the topic is starting their own business this year, please raise your hand now, and post again during 2030.

Well recently I've started business in apparel sector, If I'm alive for next five year I will definitely reply of your this comment and let you know how everything is going on. Don't people scares of to achive their dream. It's natural people will fall. But if you don't start for this reason there's high possibility you can't achive anything even from bitcoin itself.

You are correct coinerer. If you are going to invest into bitcoin, you also have to figure out various ways to generate income from your labor and/or from your capital so that you would be able to both buy more bitcoin and to hold onto whatever bitcoin that you had already bought.

Surely there can be balances in regards to how much of your income from your business that you might want to invest (or reinvest) into your business as compared with putting that extra money into bitcoin. The answers are not always going to be clear, since sometimes expanding a business might be cost effective and other times the extra invested money into the business does not result in as many returns as it might have if you are able to lock that money into bitcoin for 4-10 years or longer.

I look forward to any of your reports back, and surely you do not need to wait 5 years to make your reports.

Surely, you know that there are certain intangibles that are difficult to measure.. so for example, if you had some working opportunities outside of owning a business, yet instead you decided to focus your time, energies and money into your business, then you may well be able to earn more money through your business, yet some businesses might take a few years before you are actually making more money than you would have had been able to make by working for someone else. It can be difficult to measure these kinds of matters, and surely some kinds of businesses are more capital intense than others, and some businesses are quite labor intense, yet people will frequently appreciate that when they have their own business, they have more freedoms in regards to their decisions around carrying out their work, and some folks do not mind receiving direction from others rather than being the boss and having to decide for themselves.

Quote from: Bushdark on Today at 10:12:06 AM

Quote from: MainIbem on Today at 07:43:12 AM

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Crypto investment needs a good understanding about the market because it's not all about buying and having a back up fund, you'll need to learn about the crypto market and the market structure because you know understand the market so well, their are sometimes when you have ananalzed the market to the extend that you feel like them price of Bitcoin is going to skyrocket soon, giving you an earlier opportunity to prepare for the bull but adding more Bitcoin to your portfolio because this can be a one time opportunity to buy before the big bull run.

The DCA strategy is very good and it wouldn't be good if we keep using it without understanding what's happening in the market.
Majority of experience investors know that their are some investors who we keep buying without even understanding the market whether price is preparing to go up or go down. In addition, every investors need to learn how to analyze the market even though we have no intention to trade but just buying and holding for as long as possible. Cryptocurrency is very profitable, but only for those that are ready to keep holding and holding while accumulating to add to their portfolio.

We shouldn't be ignorant of what's happening in the market just because we have a DCA strategy in place for us that is helping us to buy at random prices. Understanding the market will be safe for us if we can keep studying and getting paramount education about the market. It would be bad if we just stand at a corner and get relaxed without any effort to keep learning about the crypto space with taking advantage of the DCA strategy that could make us earn more in the market if we have the intention to hold for as long as possible.

We are talking about bitcoin in this thread, not shitcoins. DCA ONLY works with the investment into assets that are trending upwards and have fundamental value.. .so that is ONLY bitcoin within the "crypto" space, so if you are talking about bitcoin you should say bitcoin rather than suggesting that there might be some value to put money into shitcoins besides getting in and out of them.

Regarding ongoing studying the space, sure there can be some value in terms of ongoing studying, yet your DCAing should mostly be basd on your budget and how many BTC you had already accumulated rather than getting distracted by short term noise.

Hopefully once guys spend 4-years or more accumulating bitcoin, they will be in a better position to consider the extent to which they might want to move away from strict and ongoing accumulation of BTC. Of course, anyone who is able to front-load his investment into bitcoin will be in a better position to reach a status of having enough or more than enough BTC as compared to someone who might have relatively lower levels of discretionary income.