Quote from: Grace333 on Today at 01:39:00 AM

Quote from: BitBakerr1 on September 15, 2025, 02:09:17 PM

Quote from: Publictalk792 on September 15, 2025, 12:28:22 PM

Quote from: MainIbem on September 15, 2025, 12:16:14 PM

Different uncertain circumstances can hinder one from having numerous source of income but if one is in a better situation whereby they're fit or healthy enough to have numerous source of income then the better for such folks cause more source of income means more discretionary for investment and more funds to take care of other expenses too and more discretionary means a higher rate of accumulation to yield more profits, that's why when an investor has held for so many years, many about a decade or so it would be wise for the person to take some profits and create another source of income, maybe a business that would generate more income and discretionary to accumulate more Bitcoin and add value to their portfolio.

Earning money from multiple places is great idea if you are healthy enough to do so. More income means more money for you to invest and cover your expenses. This helps you build your wealth faster. If investor has held asset for a very long time like ten years it can be smart choice to sell portion of it. They can then use that money to start new business. This new business can become another source of income providing even more funds to invest and grow their portfolio.

Some people make the mistake of selling all there Bitcoin just because they want to start a new business or investment with the money and after selling it and the start there new business or investment some time later it crashes and they lose it and also lose their bitcoin investment so keep your Bitcoin investment going while trying out other business or investment.

Yeah, I would not really advise selling all your Bitcoin just to start up a business. It is way too risky because you’re basically putting everything on one side and leaving nothing behind.. Business is unpredictable too, you can get it right, but you can also fail and end up with nothing to fall back on.

For me it makes more sense to keep your Bitcoin stack running in the background and only use what you can afford to risk for a business or new investment. That way, even if the business does not work out, you still have your Bitcoin holding you steady for the long term…

That's excellent advice, and I'd even say we should forget about any usefulness of Bitcoin ownership and let the investment continue until the future or at a time we've determined to profit, but that's definitely for the long term.

I've considered starting a business using the profits I've earned from my investments, but the risks in business can also destroy everything. Indeed, our current investment in Bitcoin has been quite profitable. Rather than stopping the profits we've been earning for so long, it's better to continue and persevere to earn profits. I think that's much better and easier.