There are multiple ways of doing that, but the risk now doubles, because both businesses will suck the generated BTC leaving me with almost little or no BTC. I've tried it myself, as it's the only way out, which I can think about. Hence, I'd need to get pass 3 stages, first would be setting up the fiat business with BTC. Second, working until the fiat focused business never needs btc to run smoothly. Third, the fiat business gets enough money to invest back into the bitcoin business. All these stages can be achieved with few extra hands, then extra years. I could remember building a fiat business in the social media niche, which was growing. But, due to the too much complaints of customers about the rendered services not being good enough. I had to kill the business. And since then I've never built any fiat business with the kind of potential that the above mentioned business had. So, it leaves me with no doubts about the possibility of doing same thing again. Maybe in a different angle. At least as the producer of the product. One thing that made me stop building the fiat business in the past, is that I wasn't the producer, It was a reselling business. I had no power to change or make efforts to provide the quality my customers complained about or wanted. It left me with no option than to quit it.

Yeah, it's definitely not an easy decision for me, due to my experience during the previous years. Your idea is both ways, but would want to look it from a fiat generating business perspective. If I had a fiat generating business and invested in bitcoin with those fiat it's a different kind of move compared to when the business generates the bitcoin and when I don't touch the money generated for 1 year, the business won't run anymore, as an example. During those periods of risks I will generate more running the business, compared to what the specific hodled bitcoin will give me in return. Lets say things are bring sorted out like my bills during those period and I have no reason to touch the hodled bitcoin. I'd have more money to show than running the business. Since during the 1 year of running the business it eats up the money too. If you grasp this illustration, you'd see the difference; running the business generates more money, but leaves little money to show, but holding the bitcoin for 1 year would leave me with enough money to show. This entails that the bitcoin doesn't require any more expense for it to grow. While the business requires steady expenses for it to stay relevant. Hence, it's a typical way of saying that the money spent is used in purchasing customers. Because the more the business is functional and maintained, customers increases. Money increases too, but decrease faster, due to maintenance. Then, in terms of the bitcoin profits the higher the hodled bitcoin the bigger the reward in the bull run. That's why I mentioned about the thoughts of seeing how much our long spent bitcoin had become today. If the fiat business was there to supplement, then the profits in bitcoin would have been enormous.

One day in a gambling shop I saw an old man come in the room, I had this same thought. But wasn't sure what the right answer would be in the future. As nobody can predict it. The question in quote is a gamble. Hopefully, don't wish to get too attached into gambling,  yet gambling at that age depends on the changes that may have been instituted into the industry. Will they still be offline casino or everyone would do that online? because old people prefer offline casino and enjoy the fun of gambling while retired and earning stipends from the government or whoever is their boss. Spending months in hotels, enjoying comps from their casino comps group. If these type of gambling still exist then, I'd definitely keep in touch with gambling as a way of keeping the brain busy, at old age. Not sure they'll be room for retirement in gambling at my end. Most works I've read, centers that old age is quite a nice time to play gambling. The health benefits; critical thinking. Keeping the brain busy at all times, figuring out the next odd to play. Helps the elderly men to still respond to issues of life, intelligently. At same time socializing with younger generations and gaining relevant information about the era. If everything falls in place as planned, I'm definitely in to enjoy my gambling habit.

Personally, I go for basketball games when my football league is on break. But, it's mainly a non technical kind of gambling. A type that doesn't require me to do enough analysis before betting. Because, due to my region, basketball isn't famous like soccer. So, I don't watch the game often. But, loves staking games on it, just for the fun. Instead of not gambling at all. Even most times, I still don't watch the game after betting on it, because I'm mainly used to watching football. Unless a big basket ball team wants to play. Seeing basketball stars play is always fun, the trills and magic they perform with the ball is quite memorable. I don't think that I'll ever look elsewhere in sports gambling, except these two games. Additionally, I feel relaxed watching basketball, as the teams are not emotionally attached to me. That's any team that wins I'm good. Never going to bother about it, like in football. Where I'd always want the team I bet to win and when they don't, I get a bit worried. This happens because I'd feel that my analysis on football game isn't improving.

In both ways let the investor never run out of income. Whether they invest big or in bits, once there is no income flow. The investment would be as good as not investing at all. Hence, while we set aside money to invest in bitcoin. We need to also make sure that it doesn't affect our earnings or better still look for other means of income. Most people who invest little money in bitcoin, easily go back to spend the money when they need it. Thereby breaching the long term investment agreement that most investors should have in mind while throwing money in bitcoin. I'd say that successful bitcoin investors are successful business men. For instance, micro strategy, invest big money into bitcoin and he's or will succeed in it. Because he's already successful in his field of business. When we are not sure of ourselves financially, that's where the doubt comes to play. Whether to put big or little. In the both category, many didn't maintain their focus, due to life or business challenges that presents them with reasons to sell the coin. Sure, we can start little, but how sure are we that, we'll finish the journey of setting little amount of money, in our control, for 10 - 20 years without spending a dime. That's true spirit of an investor. Why many lose focus, depends on their intentions. Some could be for the profits, but one general reason for financially unstable people is that they have control over the money. They can decide to sell the coin at any given moment. So, whenever they feel threatened by lack of funds they'll run back to their bitcoin and sell in fractions, until it's over. In a nutshell, to achieve this goal, be financially stable first. Then invest.

These kind of shops generates customers easily, but the competition is too much. I noticed that the business owners, also have their loyal customers. Despite having such a similar shop selling same thing at same price, each of them have specific people that purchase from them. Now, in the bad economy, this type of shops give out their products to those loyal customers on credit. Especially those who live close to the store. Thereby, making them more loyal to the store and expanding their number of customers. But, while in business, it's important to diversify. I know everyone needs those groceries everyday and they buy it. Offering a business that helps them process those raw foods purchased from the shops is a great business move. Most people enter business because others do, and end up winding it up. While in search of a small business idea, we must observe the needs of people living around the environment or the type of audience interested in buying the product. For instance, where timbers are sold, we should think of providing a chain saw machine to the environment, because they must need it. Instead, of joining the masses in selling timbers, opening a place where the timbers are being cut into different sizes would earn us good profits. Providing the needs of the store owners is very crucial in boosting our profits. Another instance, is opening a shopping bag store close to the shops where food stuffs are sold. The sellers need the bag to package goods for customers and the more they make sales the better the profits of the bag seller. It only requires some time, until the whole sellers, in the vicinity, begin to patronize the business.

It's common to see gamblers who won big in the past and lived large, not living at all, in the present time. Due to lack of discipline in money management. They'll promote themselves immediately to the standard of living that worth their enormous gambling earned money. And after a few years, they'll be unable to maintain the same lifestyle they got themselves into. Does it have to do with luck or skill, don't think so, it's psychological. As a good number of gamblers have exhibited same kind of character after winning a jackpot. Aside that, going back to the question of OP, winning in gambling can't be justified by anything, exactly. As a handful of luck will still lose money while gambling. It's a speculative trade, and even our gambling skills can't save us always. Since we tend to or claim to enjoy gambling as a recreational game. Both attributes should be removed in mind. When buying things in the market, we don't need skills or luck to get the right stuffs for us. It depends on the utility and discipline. Same can be applicable to gambling. The discipline shouldn't come last, after winning. It's mainly the first skill in becoming a successful gambler. Else the whole fun or recreation would be lost in few months of gambling. The professionals have better tendencies of winning games like slots, poker, etc due to the observance they've laid on those games during their numerous years of participating in gambling. Yet they still lose money, but it doesn't look like they do, due to their money management skill. Unless it's the kind of skill you mean, OP, like critical thinking. They is no required skill that guarantees winning a game in gambling. Call it luck or whatever, lucky players still lose money.

From your response, I'd say that parents were taken off guard by the internet and social media. It'll have to take us few more years to have a disciplinary measures for our kids on the internet. But, it looks like a thing that can't be achieved for most families. Because, even in a household kids follow this instruction of limited internet access, they'll definitely be carried away by peers, who have the luxury to visit every site and read different information. The world can get better when parents begin to welcome home schooling for their children. Hence, placing strict restrictions on the activities of the kids; the kind of friends they meet, games they play, and the information they read. Because the after effect of the kind of reckless moves of parents when their kids misbehave is destructive to the future of that ward and his future family too. Every moment we see how parents show poor emotional relationship to their crying kids, shows us how detached the human love has gone in few years. It doesn't start now. Parent's attitude towards their wards, when they need an emotional response as toddlers shapes the child's behavior as an adult. In addition, even if the internet exposes growing teenagers to a wild behavior. It doesn't mean that all internet users, are wild, growing up. You'd see that kids who got close emotional relationship with their parents, tend to control their emotions and don't easily derail from the training of their parents. Hence, they'll definitely discuss whatever they're about to do, with their parents. If they don't get approved, they may or won't do that at all. Lack of good emotional training as kids affects the life of most adults today. Thereby creating the kind of brutal parents and child relationship we see today. The teenager hurts his parents in a harsh manner, and his parents respond weirdly too. Causing more pains to the already dying bond.

Scammers, promising victims with huge returns and profits has be the con men's technique of swindling people's money. Many people has left cryptocurrency because of such scammers, targeting their greediness. So, following a slow and effective learning method can be very profiting on the long run. Than rushing to complete, in few days, a whole cycle of studying the bitcoin market. Going back in time to change our bad decisions caused by greed may not be that necessary, because the journey just began for most people who have been in the cryptocurrency space for years. Making critical changes is most important. This minute will be buried in the past, soon. Hence, the funny idea of what we'll do if we were able to make changes about the past, can be restructured to a fresh tool to give us reasons to get things right in our current or present efforts to advance. Our mistakes can't be completely removed, due to the wants of a man. That's why even as experienced bitcoin users, being careful is crucial. It keeps us in control of what we do in the market and also safe guards our investments from wrong decisions.


Analyzing the price ourselves can help us in being a good market analyzer. Most of the analyzers in the market, today, copy the contents of other analysts whom they subscribed to their premium channel. Hence, the result presented on the bitcoin price telegram groups have already worn out of quality. Which idea, would be detrimental to the success of a bitcoin beginner. The ideas and lesson you intend to teach your younger self shows how far you've understood the market. Especially the aspect of patience. Generally, in life, learning requires patience. A gradual process also defends us from the attackers who feast on centralized exchanges. A huge number of their victims suffer from lack of knowledge due to the impatience in learning the right way to save their coins, they'll make errors and blame it on the uncertainty of bitcoin. Instead of regretting their mistakes and work towards becoming a better user of bitcoin, most of them would leave and never return.

I can chime into learning strategy, which is the most important, in my response. While reading about bitcoin, it's crucial to jot down new terms and definition in a notepad. Revise them each day before reading new article about bitcoin. Then make threads according to your understanding so far on the definitions you've learnt. Add your contribution, criticism, benefits etc in the thread. This will open space for more contribution and argument. And the more people respond to your thread you'll learn faster. Sometimes, technically, the arguments happening on your thread can fetch you ideas for another thread, which will also increase your possibility of learning new ideas in bitcoin. Learn and relearn as much as you could. Before participating or venturing into trading or similar investment in bitcoin. Goodluck.

The context of the OP's thread isn't correct in the sense that, a person who learned something can't be said to not have interest in it. I mean nobody forced him to learn bitcoin. So, at that time he was interested in bitcoin. But, to some extent. He did his research, and wasn't satisfied enough to invest into bitcoin. Yet, such a person has invested time, also, in learning bitcoin. Which isn't bad at all. Not everyone would practice what they've read. Hence, making your opinion very correct. His friend's decision should be respected at all cost. What if the going gets tough as usual in bitcoin, and Op's friend lose his money. Wouldn't he feel bad about his friend, whose consistent talk of bitcoin convinced him to invest money in bitcoin, while he had no such intentions of doing such thing. Additionally, personally, people always cut friends that wants them to do what they're into at all cost. Friendship should be respected. I'm not saying Op is forcing his friend to join bitcoin world. But, it's slightly close to that.

These people are the players who now play for fun because they already have the funds in excess. They control the market and may have bigger gambling troubles to control or worry about. They may now be worried more on how to manipulate the gambling world to garner more profits. I don't think they'll waste too much time playing slots. Their time would be mostly on manipulating slots results. As they're the house we are playing against. Gambling is not a one man game, we compete with them not AI. But, the bigger gambling troubles I'm referring to, is their efforts in manipulating sports gambling. The rumor that gambling companies control the scores of games, isn't just a rumor. It's somehow true. Because fixed games are what fetch these gambling owners more funding. The money they wager in manipulating results, is also gambling. As the highest bidder wins. If for instance a group of gambling owners wants a specific team in sports or a person to win a game they can use money to rub the match or boxing event. Hence, these things are most likely to be what bothers them, than consistently playing slots or card games with us that patronize them or collectively fetch them the huge amount of money, which they use in their con against gamblers. There're levels or stages of everything. The type of gambling we know isn't the type casino owners participate in. There may belong in a small circle gambling club, with higher possibility of winning. No need for them to always play games in their own casino. That wouldn't be fun at all.

I'm not confortable reinvesting bitcoin into the business. That's the argument here, as it makes me feel like I'm wasting the sats generated by the business. Similar to the example tweet I posted above. That's why I'd need a second business which can earn fiat, which can be used to invest on ads for my other business, which generates bitcoin. Thereby saving me more bitcoin and on the long run improving my profits. Since, the value of bitcoin keeps increasing. Reinvesting into the bitcoin business with bitcoin like you suggested has both sides of possibilities. First, I don't know how long it'll take the business to stabilize and generate too many bitcoin, such that I'd never worry about the few bitcoin funneled into ads and payment of assistants. Second, it could fasten the journey and drive me speedily to my destination. And because running a business is risky, it's nice to have plan B strategies. That's why I'd welcome a second business idea. To achieve my goal, I've tried several businesses, but to no avail. I'd think, also, about your idea. It's great to push one business to the highest top. I wouldn't have been bothered about this if the fiat is the primary currency the business earns. I can decide to invest in bitcoin, If I wish. Since it yields bitcoin, and the bitcoin it generates goes back to the business leaving me with little bitcoin is my problem. Though, having a business that generates bitcoin is also a proper means of generating bitcoin. Yet it always feels better to have them stacked and saved.


No it doesn't stop them, if they don't intend on building or expanding their business. As with the speedy growth of bitcoin, to me, it's not proper to let it slide without holding on the opportunity, which we are sure that bitcoin brings to those who hold. That's why we read and write about it, hence trying different ways of getting this right is also important. I do not regret investing bitcoin to the growth of my online business; blowing it up on ads. It's always difficult to save much when investing or building a business, which you believe would yield you more bitcoin in future. And also fetch you profits through bitcoin.


Yeah, not everyone who've tried their own ideas can continue devising fresh ideas, without needing helps or contribution from other people. That's the reason I created this thread. I'm not thinking this for the first time because of the tweet I just posted, no. It has been my greatest challenge and the reason I'm losing bitcoin regularly. And, won't stop until, I'd be able to achieve holding all earned bitcoin and spending all earned fiat. As a little drop of water can make much difference in filling a bucket.

A high number of cryptocurrency investors who are gamblers can be traced to have a high probability of gambling with cryptocurrency. Because they'll never see any reason to use cards to play games, when they can use crypto. Whether our predicted percentages are right or wrong. I can still add that in all predicted percentage, mentioned in this thread, of possible cryptocurrency investors who are gamblers, most of them are quite low compared to the high possibility of having many cryptocurrency traders who are into gambling. Hence, we can begin with the forum. Many of us in the forum are gamblers, or have in our life time spent reasonable time and funds on gambling. Taking the census from here, you'd see that the number of gamblers in the forum would bypass that of non gamblers. Only investors who are not actively into cryptocurrency can have difficulty participating in gambling. As they may have not touched their bitcoin in a long while. But, those who use bitcoin or read bitcoin everyday. They may have came across the widespread of cryptocurrency gambling in online gambling. Which can lead them to try it out and have a glimpse of the fun that follows gambling with our bitcoin. Taking it from this angle. I think active bitcoin users who follow the trend of bitcoin are quite very high. Compared to those who own bitcoin, but don't participate extraordinarily in helping the network. Other than the help they already render to the network by holding bitcoin. They don't do any extra task like; gambling, writing, trading  on bitcoin. Those who want to help bitcoin grow by any means still contribute in different ways like gambling or trading or marketing bitcoin through writing. You'd see that these category of people who go extra miles for bitcoin are enormous and the number of investors who use gambling as a tool to achieving such goal, shouldn't be seen as only 10%. I think they're way too far from such predictions.

These days adults are derailing from the ways they were being trained by their parents. Hence, the society gets even more difficult to control. I'd say that despite having greater possibilty of being effective, allowing kids above the age of 18 isn't a nice idea. Because not everyone of them are grown enough to take reasonable decisions against delaying the gravity of making easy money through gambling. Peer pressure still control these youths and only the strong or well trained can withstand the gravity that follows it. The worst part of gambling is playing or staking the money given to us by others, especially our parents. To stay on safe side, it's crucial to hand out spare cash to our kids, as pocket cash. Such that, whatever thing they do with the money won't affect the family financially. Whether they're adults or not. The world is becoming too wild and nobody can be trusted with huge sum of money, not even our kids. Most parents have been through countless heart breaks by their kids, who squander their hard earned money on gambling. However, it's good to test the loyalty and morality of our children, by giving them trust. But, when they begin to act strange, our punctured trust would lead parents to act the ways they do not expect. Hence, when investing money on our children, we have to be there because the money belongs to the parents of that child. Whenever, the child, begin to generate wealth for themselves they can spend their money, how it pleases them. Still it doesn't stop us from teaching them money management and laying strong financial or investment foundation for them to be responsible; money wise. As a bad financial behavior, affects the economic growth of not only the child's family, but the society too.

It's interesting to see how far you've gone in building self confidence while chasing a goal. In whatever we do, there is always a enough room to try applying it to our daily lives. Many have learned in this forum that consistency helps maintain our stamina in chasing our dreams and goals in life. It never begins easily. Those that continue despite facing difficulty and failure, do this because of their determination to reach a greater height in life. Your last line, makes lots of meaningful contribution to this thread. We're meant to have a historical approach in every decision we make in life. In this forum, it's definitely a good move to watch the stories of others and how they got to a higher rank from a humble beginning. I do appreciate seeing members who has been here for more than 10 years and still active. That only teaches us the importance of patience and persistence while following a route in life. Regardless of the financial rewards, but the connections and networks we build here in the forum is worth being applauded. The knowledge passed by people from different walks of life is very crucial in advancing our personal life. And most especially the way we reason. These processes of growth needed in the forum, prepares us for a greater future. And the examples of established members in the forum is quite a crystal clear evidence.  So, if we think the future won't be favorable for our present efforts, looking back on the present results and achievements of those who did similar things in the past, we'd learn to always maintain self motivation. Because their present, which is the future they foresaw in the past, is the evidence of the quality contributions they made in the past. Hence to gain a reward in life we must belong somewhere and at same time make valuable contributions.

It's possible for every human to experience this part of your writing. Diminishing return occurs in every aspect of life. And one catalyst to it is slow results. Most people who lose their momentum in the forum had lesser results, for reasons best known to them, especially members seeking to rank easily. When the ranking don't  quickly show up they'll definitely stop posting since it seems like their efforts are not being rewarded. It's similar to building a site and having no traffic to attend to, the webmaster won't stick around any longer. Most people here got to the point they're today; in rank. Because, the quality posts they made got merited by other members. It pushes them further to do better and present more quality contents. It's normal to have such a reaction as humans. Staying in a system for a long time can be tiring, that's why people move on to find other things doing. Paving way for new bloods or talents to replace them in providing quality. The journey is never easy. Newbies shouldn't stop showing up on daily basis. The more they're seen the better their visibility. Thereby, creating a rapport amongst other members who wouldn't hesitate to reward their consistent effort in making the forum a clean place. And helping in providing quality, over making spam responses and threads. Every thing requires time and the better we acknowledge this, the more we'll gain knowledge and dig further to find the interesting parts or aspect of the work we've found ourselves into. For instance, reading about bitcoin opens our mind to the greater possibilities behind bitcoin. And presents to us more ideas of what we can do with bitcoin to generate income. Other than that, we can also generate enough connections through the bitcoin community at large. I must commend the OP for crafting out this interesting thread. Keep it up!

It's funny to see a reaction close to mine, but contrarily a bit in the aspect that made your words funny; arresting your loved ones. Despite the action of these people or the damages they may have caused. We can't settle a fight with another fight. I think the best action is laying low and observing them from a distant. Because involving the police on this can add insult to the injury. Imagine it's a country where gambling is not legalized would that be an option? although this happened in a gambling friendly environment, yet the police still frown at gamblers. They're the society too, so it'll be disrespectful to embark on such a decision. The family will definitely face more difficulties, and no one would be glad to instigate double trouble in their home. What they did is very embarrassing no doubt and I see a future for the gambler as he may have a rethink. As nobody goes on without thinking of the bad treatment our loved ones has done to us. It's like an everlasting mark on the skin. Meeting a therapist is better than the police. A psycho therapist can swiftly handle the problem gradually. The best part of meeting a therapist is, at the end, the player can surprise his parents, by becoming a better citizen. Still, it baffles me you made this response, could you elaborate more on what may have led you to think this way? have you had any similar experience in your life? I've never seen this before and that doesn't mean I can't get angry to such extent if I were that gambler. But, paying back with love and care in a way that'll change me can be a better revenge. Thereby, helping me and the family instead of destroying the family or bringing more agony.

Yes, determining the actual percentage will be difficult, but any speculative financial trade should be seen as gambling. Although bitcoin is been used for trading purposes but on the other hand, traders and investors still do this, carrying lots of risks in their bag. The only relationship between the possibility of traders who gamble is that it's closely possible for a crypto trader to gamble. I don't think any trader would see gambling as a wrong thing. So, bitcoin investors can as well be seen as gamblers because they don't actually know what the outcome of their investment would be. I'd say in the process of figuring out this in a survey. It'll be easier to begin with the number of gamblers who play using bitcoin across all online casinos. You'd notice that most of them are cryptocurrency investors who use a fraction of their investment to gamble. With the sole purpose of trying to quickly multiply their investment. In similarity, they shouldn't be any much difference in comparing the both online activities. In the sense that both doesn't have a specific reliable means of succeeding in the act. So, I can say that a very high percentage of bitcoin investors are gamblers. Not minding the kind of games they play. In addition, some traders of bitcoin still get addicted just like in gambling. While some still chase loss by trying different kinds of altcoins in the market to be able to regain more profits. Which lands most traders into bankruptcy. The similarities are crystal clear, that we may not need to take any further survey about bitcoin investors being gamblers. The probability is high. Talking about KYC a good number of crypto casinos now conduct it, to keep track of player's real life identity. It could also be a better means of getting an accurate result. Then the rest, that is those who do not gamble in platforms requiring kyc can be exaggerated, to get a perfect result.

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business. Most times when I think about it, I'd wonder about the same idea or advice you just coined out. I love the initiative, but can't lie or tell if it'll be possible to achieve that. Because running a business online isn't that easy. So much money still goes back in advertisement and all other expenses regarding my personal lifestyle. That's why I always thought of diversification as building a local internet business, to an extent where it'll yield enough fiat that'll never worry about investing bitcoin into the online global business again. Hence, worrying about keeping some bitcoin aside during these period of building the business can delay, in my perspective, the growth of the business. And, once the process mature it looks quite simple for me to hodl the bitcoin earned through the business. Yet running a successful business. This idea is fueled by the methods at which people can invest into bitcoin. Instead of throwing a whooping amount in purchasing bitcoin. It'll be honorable to earn and stack the bitcoin at same time. Since, it's a great idea, personally, I wouldn't expect it to be achieved easily. But, definitely the stage could be reached some day.