How Do I find a Balance Here?

[taufik123]

-snip-
The OP can set aside some of the profits from his business to build his investment portfolio - while the capital and some of the profits should be able to be turned back into building a better business. That's how business is run even if you are a long-term bitcoin holder.

Because it is not easy to build an investment portfolio that is stable and able to last long enough.
Set aside a portion of the business profits carried out and build capital used to grow and develop, which will have a good impact on the progress of the business being managed.

Being a long-term Bitcoin holder is an advantage that will provide long-term rewards.
The longer Bitcoin will continue to accumulate with the profits gained and this provides a great opportunity to earn more profits.
It is all included in business and investment management that can be learned and managed properly.

[GeorgeJohn]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

I have come across of a thing of this nature concerning bitcoin been accepted for business, acceptance of bitcoin in a business that established by you or managed by you is good thing and is another kind of way to ensure that you have boasts of your economy, because acceptance of bitcoin for your business, its two things you are doing at same time, the first one is that you have put your money in another way whereby it will get increased at any point of time, and secondly you have secured your money from tradinational money and expenses also, if you want to hold your bitcoin I think its very ideal for you to divert it to your business and people who is interested to with bitcoin can equally make deposit with bitcoin, some businesses currently support a payment with bitcoin.

Most at times is how often people request to make payment with bitcoin, if op intending to run such businesses in a place that is well developed and established then there will be much request for bitcoin payments but in a way people don't request it would take several months for people in that region to began to chose that payment options. From my reasoning is just an additional way of expanding his payment methods. However pursuing another business currently can serve as a distraction because it all required you to lose your holding for fiats to established that business maybe who knows if such business would yield exponentially as bitcoin grows so quickly.

The business can function well for civilised country and secondly in urban regions of the country, because if the business happens to get established in the rural area, I think that it will lack a patronage, from my perspective, so I believe that bitcoin kind of payment in a business is something that is trying to come up and a place it can be lucrative is people that knows the value bitcoin and also people that have bitcoin already because you can not expect someone that have not acclimatised with a bitcoin to make a payment with bitcoin

[AYOBA]

Every successful endeavor begins with the choice to try. Generally speaking, any business should have adequate funds set aside for this purpose. If you are truly interested in both businesses, you can find them quite easily. The reason being that, in my opinion, buying bitcoin and holding onto it for a long time is more profitable than buying and selling it within a week or month, as many people have experienced when trying to invest.

As far as I'm strongly, buying bitcoin is a good way for me to hold onto money instead of worrying about other things. However, Starting a business is a smart move as well, but it still relies on how much Bitcoin you are holdings.

[nakamura12]

If you are not sure which one you should focus or prefer doing then why not do both where you take a portion of your holding and then use it to support the business especially when you will/may earn money when you support it like an investment but if you have extra cash then you should not touch your holdings. I think both are beneficial to yourself but the decision is up to you on what you are deciding to do once you reach a conclusion after reading some suggestions.

[Mate2237]

 I think to create a balance between them is not too hard and all what you have to do is to split the investment into two and use part of the money to start the business and keep the rest in the non custodial wallet. But you have to know the advantages and the disadvantages of accepting Bitcoin in the business. And yes if you accept Bitcoin in your business, it will make Bitcoin to be more popular in your location but before you accept Bitcoin in the business make sure that government doesn't restrict Bitcoin in your country.

Your business idea is a very nice one. You can carry out. But Read all the comments and filter the good ones from the other ones.

[0t3p0t]

You can do both by diversifying your holdings but make sure you are ready for the possible risks it may take. If you have enough Bitcoin funds I think it is better to try than do nothing and then regret for not doing anything. Choose wisely OP it's your fund that is involve so if you really have the guts then choose both but it will always depend on your decision.

[fredericktaylor]

If you're not sure what to invest in and what not to invest in, you won't succeed in investing.To find a fit in personality and work, first define your goals and values.  As if there is a harmony between you and your work then why not do both where you take a part of your holdings and then use it to support the business especially when you make money. I think the whole decision is up to you as to what you want to do and not do the math.

[traderethereum]

You can do both by diversifying your holdings but make sure you are ready for the possible risks it may take. If you have enough Bitcoin funds I think it is better to try than do nothing and then regret for not doing anything. Choose wisely OP it's your fund that is involve so if you really have the guts then choose both but it will always depend on your decision.

I like the idea, but it depends on his readiness to do both because it will be a waste of his time if he is not ready. It would be a hassle for him to take care of both of them, which wouldn't be good for him.
But he's just holding on to his Bitcoin rather than supporting businesses adopting it because he still seems hesitant to start. And instead of hesitating, he should refocus on collecting bitcoins.
Moreover, we don't know whether Bitcoin transaction fees will remain as they are now or increase or decrease again.
But whatever decision he decides to make, he should think about it first and not make a hasty decision.

[leonair]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

You can find your profit here by keeping your product prices fixed in dollars and receiving bitcoins against that amount of dollars.  And how many products you will sell will surely be noted by you.  And you can calculate the dollar to understand how many dollars of extra profit or how many dollars have been lost for taking payment through Bitcoin.  You can calculate your profit and loss by following this method.  Otherwise you will have to struggle to figure out your profit and loss

[Z-tight]

I think to create a balance between them is not too hard and all what you have to do is to split the investment into two and use part of the money to start the business and keep the rest in the non custodial wallet. But you have to know the advantages and the disadvantages of accepting Bitcoin in the business. And yes if you accept Bitcoin in your business, it will make Bitcoin to be more popular in your location but before you accept Bitcoin in the business make sure that government doesn't restrict Bitcoin in your country.

Op does not want to start a business that accepts BTC, what they want to do is support a business they know that just began accepting BTC as payment, and by support, i mean spending some of their coins as payment in the shop, but op is a 'holder' and that is why the decision to either continue holding or to spend some on things they need is a tough decision to make.

My input to the op is that they should understand how some of these merchants who accept BTC operate, most of them do not hold BTC and they use a payment processor to convert BTC to fiat or to another currency they prefer, so if you don't want to spend your coins, don't do it, you can spend fiat in the shop or create an online wallet where you store < $100, which will be for spending on the go.

[Lorence.xD]

I think to create a balance between them is not too hard and all what you have to do is to split the investment into two and use part of the money to start the business and keep the rest in the non custodial wallet. But you have to know the advantages and the disadvantages of accepting Bitcoin in the business. And yes if you accept Bitcoin in your business, it will make Bitcoin to be more popular in your location but before you accept Bitcoin in the business make sure that government doesn't restrict Bitcoin in your country.

Op does not want to start a business that accepts BTC, what they want to do is support a business they know that just began accepting BTC as payment, and by support, i mean spending some of their coins as payment in the shop, but op is a 'holder' and that is why the decision to either continue holding or to spend some on things they need is a tough decision to make.

My input to the op is that they should understand how some of these merchants who accept BTC operate, most of them do not hold BTC and they use a payment processor to convert BTC to fiat or to another currency they prefer, so if you don't want to spend your coins, don't do it, you can spend fiat in the shop or create an online wallet where you store < $100, which will be for spending on the go.

Yup, that's how I've also interpreted OP's post, for sure, they use Bitcoin as an alternative payment since some countries Bitcoin is already famous, so some customers would ask if they have Bitcoin payment. Still, it doesn't mean you would be mandatory to pay in Bitcoin, it might be considered support but if you just want to hold Bitcoin you could still pay in cash or other digital payment. Especially in the current market and the news about Bitcoin ETF, it would be possible for Bitcoin to reach its new ATH this year so people are holding their accumulated Bitcoin.

[blckhawk]

You can do both by diversifying your holdings but make sure you are ready for the possible risks it may take. If you have enough Bitcoin funds I think it is better to try than do nothing and then regret for not doing anything. Choose wisely OP it's your fund that is involve so if you really have the guts then choose both but it will always depend on your decision.

Nope, I don't think it's a good idea to diversify when there's already a possibility that a bullrun is going to happen, there's no way tha it's a good idea to do that diversification right now, maybe if this is a stock market it might work fine but this is crypto market and I don't think that's a good idea. Just go to bitcoin all the way, there's no other way more proper than that. Don't look for balance because bitcoin's giving you the opportunity to get more value, don't stray to the right path. Of course it's your decision OP but remember that if you're have doubts about diversifying then that means it's not a good idea.

[zaim7413]

All the plans you make are for the sake of making a profit, that is the main goal that cannot be denied. Supporting businesses that are just starting out accepting Bitcoin will give you consistent profits, Business can make finances better in the future. Long-term investment strategies can also give hope of making big profits because Bitcoin prices continue to increase. You need a balance between maintaining your business and a long-term investment strategy. You need to maintain the continuity of your business by stabilizing your capital and if you get profits from your business, you can allocate it to increase the amount of investment.