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.
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.
Starting a business from scratch vs. HODLing Bitcoin? I believe it's NOT 50/50 considering the current state of Bitcoin's market development and future growth. If you start a business, there's a probability of 20% that it will fail within the first year and a probability of 50% to fail within five years. HODLing Bitcoin doesn't give you a worse Risk/Reward than starting a business.
Plus in what price level do you believe Bitcoin will go five years from now?
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If someone in the topic is starting their own business this year, please raise your hand now, and post again during 2030.
I have just finished perusing on the topic raising, for i will advise to have a business outside your job than leaving your job interly, because what a great man great is by having multiple investments and have a good plans for himself on to run the business and his main job, to still meet up his target on daily basis, for me there is no bad thing in taking loan to start a business, providing you have the eyes on the particular business you to invest into, and also use some of the money to invest in Bitcoin,since Bitcoin is a investment that you will invest immediately and start having money, it is gradually progressing and buying of Bitcoin and hold dip in a long term, so in conclusion i think multiple investments is the best way out here.