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Author Topic: Should I invest in cryptocurrency or start my business?  (Read 1129 times)
Cryptomultiplier
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January 11, 2023, 08:24:58 PM
 #121


It is quite true in terms of the time requirements demanded to manage a cryptocurrency investment compared to a business. While the later requires presence, crypto currency investment can be done by a broker, the individual, and can be done over a period without bothering on the current gains.
Unless you don't intend to work again, have enough capital and is sufficient enough to absorb losses, I wouldnt advise starting a business just yet. Weigh the pros and con's apart then you can really decide which would pay you better in the long run.

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January 11, 2023, 08:43:49 PM
 #122


Unless you don't intend to work again, have enough capital and is sufficient enough to absorb losses, I wouldnt advise starting a business just yet. Weigh the pros and con's apart then you can really decide which would pay you better in the long run.

We don't need to be discouraged from starting our own businesses. Op seem to have had experience from working for somebody and wants to take a necessary risk and chances are there that he can succeed if he gradually go in for it. He doesn't need to stop his work entirely but can reduce the rate of focus and divert his strength, energy, ability and ideas to grow his business. At least now he is a freelancer, so he has more control of his time.
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January 11, 2023, 09:32:42 PM
 #123

Investing in crypto currency won't stress you that much as all you have do is buy coins and stay on your bed or anywhere and monitor the exchange value of the coin either on your phone or laptop or better still just buy and leave it for long term profits.

That's the idea we all have until we finally decided to invest in it and instead of to sit and watch our profit grow the opposite happened. Investing in crypto doesn't mean the investors should just go online search for examples of promising projects and invest in them. You should be willing to spend some considerable amount of your time to doing research because if you fail to carryout your research properly you will only end up what little it is that you have invested.

As for me I would advise Op to consider going into both cryptocurrency and along side running a business, but that will depend on the amount of money that Op possess but if Op has enough then he should go for both of them.

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January 11, 2023, 09:43:49 PM
 #124


Unless you don't intend to work again, have enough capital and is sufficient enough to absorb losses, I wouldnt advise starting a business just yet. Weigh the pros and con's apart then you can really decide which would pay you better in the long run.

We don't need to be discouraged from starting our own businesses. Op seem to have had experience from working for somebody and wants to take a necessary risk and chances are there that he can succeed if he gradually go in for it. He doesn't need to stop his work entirely but can reduce the rate of focus and divert his strength, energy, ability and ideas to grow his business. At least now he is a freelancer, so he has more control of his time.
Since he brought opinion about his intention to invest in cryptocurrency them that is fine and he shouldn't be discouraged because he is looking for other ways to make money by investing which is a good move for him. What he need to do is to learn some prerequisite things about cryptocurrency so that he can know the necessity for being a crypto investor.
I don't think he would have to stop his online work to invest in another sector like cryptocurrency where safety and self displine would be very important.

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January 11, 2023, 09:48:55 PM
 #125


Unless you don't intend to work again, have enough capital and is sufficient enough to absorb losses, I wouldnt advise starting a business just yet. Weigh the pros and con's apart then you can really decide which would pay you better in the long run.

We don't need to be discouraged from starting our own businesses. Op seem to have had experience from working for somebody and wants to take a necessary risk and chances are there that he can succeed if he gradually go in for it. He doesn't need to stop his work entirely but can reduce the rate of focus and divert his strength, energy, ability and ideas to grow his business. At least now he is a freelancer, so he has more control of his time.
Running a business needs more time, especially at the start and if OP has enough time to manage it while still at work, success is not impossible. I support the idea of doing this because this is also what happen to me until such time I decided to stop working and focus on the business we've started. It is really all about what we think could be the best for us and our passion. But I see that most business owners are doing nothing instead, they focus and allocate their time solely to their business which I think we should have to think about and do this if possible.

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