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Quote from: Wind_FURY on March 22, 2025, 06:37:18 AM

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

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.

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?

👀

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.

Bitcoin investment is not what you will invest now or immediately and start having money as you have said, bitcoin investment is for a longer time and that's the best way to about it and better you invest using your discretionary Income it is only in a scam investment that they will tell you to invest now and start having money immediately, it is also important to start now and then work on your multiple sources of income.

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Quote from: Zackz5000 on March 22, 2025, 10:01:18 PM

It is expected from us to invest with our discretionary income and not money for family need bitcoin investment is for a longer period of time so is not what you will invest with all your funds hoping to get bigger return tomorrow no this is because bitcoin investment is not a Ponzi scheme so we should invest with our leftover income.

Having a stable income is good but not having it shouldn't stop you from investing into Bitcoin, then along the process you can gradually be increasing your source of income and then increase your discretionary income then you can choose to invest aggressively gradually your Bitcoin portfolio will start increasing.

Yeah Bitcoin investment is something that concerns the future and anyone who's willing to go on that journey should already separate money meant for investment from the ones meant for settlement of other expenses that's why an investor must have a steady flow of income to help maintain consistency for a longer period cause without it an investor could be pushed to sell their coins to settle emergency situations. Someone that invest all their money to get quick profits has a trader mentality and could end up regretting since bitcoin is volatile and could dip instead of pumping as they expected. So, instead of doing that, the best thing is to invest with some percentage of one's weekly or monthly income a figure the investor would comfortably be able put into their investment consistently for long-term.

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.

This is not a shitcoin investment but bitcoin investment/ bitcoin discussion thread so using the term crypto is disallowed here so use bitcoin instead of the term crypto.