A portion of my clothing store's weekly profit is invested in Bitcoin

[Zaguru12]

On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

From what you said the inflation around the world is creeping into your country and once this settles in then your local currency begins to lose value one way or the other. So to save yourself from this bitcoin holdings is the best option Since it is very good hedge against inflation. But according to your post again you need money to pay for rent and other stuff and that’s why you invested in bitcoin. I think this is a wrong perspective to invest into bitcoin. Not that profit isn’t in bitcoin but it is not guaranteed in a short period of time. So my take is if the rent money won’t be needed in a short period of time then you can save it up in bitcoin just to avoid the fiat inflation. And then your other little savings that you don’t need can be invested too into bitcoin. But try to hold some funds in either fiat or other store of values so that you can run to when little emergencies arise

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[BIT-BENDER]

I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

Yes you have made a good choice in my own opinion, I also assume that your weekly earnings from the shop won't be that much going by the fact you said times are hard in your country, I personally wish you well in your business but if I may be frank with you.
It's best to have multiple streams of income, really it doesn't have to be one like now you have your shop, still you can learn new things that doesn't need to you invest capital.

You can learn freelancing, web designing, graphic designing and any other thing that can assist you financially. Also investing in Bitcoin with so much pressure of it being a success may not make you last in Crypto-currency.

If you don't know already I would state it that the market is very volatile and it's not easy to predict I think you should cultivate the habit of patience if you want to make profits from that means.

[Upgrade00]

I realized that I can earn money by investing in Bitcoin.

You don't earn money from investing in bitcoin, rather the value of Bitcoin can appreciate in value against the currency it is paired against. it does not give you passive income (you have to sell to gain or lose) and there are no guarantees.
You just need to be able to hold securely for as long as it takes for the price to rise and not need to sell during lower prices.

So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes.

DCAing is great, you're buying without the need to check the market price.
Next step is to have secure, non-custodial wallet and have secure backups for your wallet.

[Captain Corporate]

I don't know if it could be considered "similar" in a sense, but my signature campaign incomes always stay in bitcoin as well, rarely I end up cashing it out. There are situations where I have to pay hospital bills, which happened quite too frequently for a life already and we still have the future to think, it was a bad period and thankfully everyone back to healthy again. Secondly sometimes my wife spends a bit more than we should And I end up selling it and just focus on what we could do to save more later on. Aside from those situation which do not happen every month, I just end up saving all my signature campaign income at bitcoin. Obviously that's not going to be too much today, but been doing that for a while, so the return has been quite good.

[ElmedoRator]

I recommend treating Bitcoin as a secondary investment rather than a primary focus. You should still prioritize the stability and growth of your business during challenging times. Because anyway, keeping a portion of your income for Bitcoin investments allows you to participate in its potential growth while maintaining your focus on maintaining and expanding your business. However, I still think the old-fashioned way, although using Bitcoin-themed merchandise can help create a unique brand image and attract attention, will complement your core business. selling clothes. Proper marketing, product quality, and customer service are still essential to the success of your clothing store.

[milewilda]

I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

Are you aware of the risks? Hope you arent really that seeing or watching those positive or pros only on Bitcoin investment but also seeing into its negative side of things.If you are anticipating on having that profits
in Bitcoin investment then you should think twice. Yes, this one is really that having the potential but its not that guaranteed.This market is unpredictable and there's no way that we could really be able to tell
on when it would really be making out some huge increase in price to make some profits. We know that it is really that volatile and unpredictable. Unless if you have decided to hold up for long term then it wont really be that an issue but if you are really that going for short term approach then it is something that you cant really depend or rely on. Somehow making up some decision to save up some Bitcoin aside
out from your store revenue is really that a good idea that had been made.

[freedomgo]

The idea of accepting Bitcoin payments may be a good idea, but it is somewhat difficult to implement in practice if people in your area are not familiar with the Bitcoin payment method.

You can try another idea, why don't you issue T-shirts, for example, with the Bitcoin logo on it? It will be an attractive idea on the one hand, and on the other hand, it may help attract the attention of your region to Bitcoin. Perhaps it will be the first clothing store to do this idea.

Accepting bitcoin payment may certainly work especially if there are people around who are aware and are active on keeping bitcoin. That is a good start for you to establish new profits through bitcoin usage. And since you start accepting bitcoin in your store, then yes it could also lead to a good promotion selling stuff about bitcoin like printed logos about bitcoin. Or simply, feel free to accept bitcoin logo printing as that will attract the people particularly for those who know well and are into bitcoin community.

[lalabotax]

And indeed this is where the role of financial management is very important. Especially if we have certain plans and targets for the future by investing some of the profits into Bitcoin. In my opinion, this is not bad, and in fact it is a good thing, especially if we really understand the risks of investing in Bitcoin and what is the best strategy for this investment. So that we won't feel panicked or make futile decisions when the market drops and feel very worried.

Investing in Bitcoin by using a portion of profits can be profitable later. Especially if for long term. But on the other hand, make sure that if we really don't have a problem allocating the money, just think of it as free money. I'm really happy to hear this. Keep it up, dudes.

[Issa56]

I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

Not only in your country, the same thing is happening in my country, things are very expensive now and some small scale business are running down due to high cost of running the business. Investment in bitcoin is really a good idea, if you are making money, then you can be investing some part of the money in bitcoin, but you should be ready to hold for long term, that's why you shouldn't invest all your profits, invest any amount you won't be using very soon.

Also when investing their is something you should know about which is wallet security, make sure you properly secure your wallet, make sure your bitcoin is not stored on exchange, make sure its stored in a non custodial wallet, and make sure you properly secure your private key, your private key shouldn't be stored in anywhere their is internet connection because it can be hacked at any moment, you can carve your private key on a steel and store it in a appropriate place.

[SOKO-DEKE]

I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

It is even preferable for someone to have more than one source of income in this situation since the streams of income will assist one another in the case that any one is business is struggling. I read over your post and saw that you wish to invest in Bitcoin and that you've chosen to invest in Bitcoin as alternative to make money. I think it's a good idea for you to invest in Bitcoin op  because you can undoubtedly earn from it if it you can hold up for a while. And it will greatly enhance your goals to invest some of the money you are making from the shop in bitcoin.but my advice is that don't invest more than what you cannot afford to lose.

[drwhobox]

Great move, here is some friendly suggestion for you-

-Don't keep your bitcoins in exchange, use the exchange only if you don't have other buying option. Transfer the bitcoins from the exchange to your wallet.

-Use a hard wallet if possible, if you don't the budget for that use Electrum or other wallets where you have control of your private key.

[Yatsan]

If it is just a portion then there would be nothing wrong from doing so. Common mistake by some business owners who are interested in this industry is investing all orlf their funds in Bitcoin and other cryptocurrencies which I think is never advisable. First of all, the funds of a business is needed to run the business itself, funds should revolve to maintain it in general; salary of your employees, refilling your stocks (if applicable), rent (if applicable), and others. It won't be advisable investing all of its funds to this industry 'coz profit won't come in an instant. The market price is not continuously increasing which means there will be times you will be left with no other choice but to wait, and what if you'd be needing money for your business?

[Darker45]

You said that your business is having some difficulties right now. There are less customers, low sales. Rent has now become a challenge for you. And now you're even taking a share of your profit to "earn money by investing in Bitcoin." You might want to do some math about this. Money invested in Bitcoin might mean money taken away from your business. Bitcoin won't give you a daily or monthly profit, so your Bitcoin investment might actually mean even less capital for your business.

Anyway, I assume you're from Bangladesh. I have always been curious about how strict your government's implementation of the ban against Bitcoin. It seems there are still businesses accepting it as payment.

[m2017]

I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

You can always get a bunch of advice here, but will it be useful in your case. Things are going quite well for you, as you can see from the story. Perhaps the most important decision you have already made is when you decide to invest a portion of your income in bitcoin. This could be the most valuable advice, but you yourself have already come to this. The rest will not be so significant, but I'll still try.

You can start accepting btc as a means of payment from your customers. This will save a little on conversion and you will receive bitcoin directly. If you give a discount for this payment method, even a small one, it will encourage customers to pay at BTC, which will benefit both you and them. Also, you can make payment acceptance signs at bitcoin with detailed instructions on how to do this. It will be useful for beginners and will create an advertising effect.

If you find these little advices acceptable to you, you can use them.

[2Pizza410000BTC]

I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

Since you want to invest some portion of your clothing business profits in bitcoins for future savings, this is a very good idea but I will ask you to take a safety measure in case you consider it very seriously. Since you want to store bitcoin, you should choose a secure wallet where you will keep your bitcoin for the future. Also if you invest a certain part of your clothing business in Bitcoin and that investment is lost due to wallet security only then your clothing business will face huge losses for later life.

[GreatArkansas]

(....)
So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

There's no wrong in investing your profits in Bitcoin, but you should be aware of the risks here because you can't guarantee the profits here. A lot of big companies are doing this also, millions of company profits are also investing in Bitcoin. And some of them are losing a lot of money also.
So, always think this as scenario and another you must always have "back up plan" just incase something bad will happen.

[Don Pedro Dinero]

I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

The question here is whether you have an investment plan, starting with an emergency cash fund, either at home or in the bank, but easily accessible. Then, if the purchases you make are made with money that you are not going to need, I would say that for at least two years, which is when it is assumed, and I say assumed, that we will be around the peak of the next cycle. But what happened in previous cycles does not have to be repeated, although it is most likely that you will, so the most important thing is that the money you can put in bitcoin you do not need ideally for the next 4 years at least, to withstand the volatility. By buying regularly and doing HODL, you will have a better future.

[lienfaye]

I have a small cloth shop. Currently everything in my own country is very expensive, so we are facing many problems in our life. The shop I have used to sell well. But now due to the increase in price, there are not as many customers or sales as before. Again. On top of that I have to pay rent for the shop which has become a bit difficult for me. After entering this platform I got to know Bitcoin. Then after browsing many places I realized that I can earn money by investing in Bitcoin. So I want to invest in Bitcoin. So I have my weekly I decided to invest in bitcoin from a profit share. I think I made the right decision. I hope that I can use my bitcoin profit for other purposes. Hope you guys can help me with good advice.

It's a wise decision to invest a part of your profit from business to Bitcoin because there's a potential to gain from it. However, are you already aware of the risk? Bitcoin is high volatile, some of the disadvantage is, it can plunge unexpectedly and the process to recover back might take longer. The reason why an investor must have a long patience to not be tempted to sell for being discourage to keep holding.

Thus, before you start investing make sure that you already fill your mind with knowledge about Bitcoin to know the things that you can expect along the way. This can help you to understand it well before engaging yourself.

[xSkylarx]

Is this only one of your sources of income? I mean, how would you provide for your basic needs if you were going to invest all of your profit in bitcoin? Though that move is a good choice, but don't be blindly investing. I know you are familiar with bitcoin; try to invest slowly, like from your profit, let's say 25% of it, and then continue learning because for sure you are having problems controlling your emotions, like what happened to the price of bitcoin yesterday, which for sure caused a lot of newbies to panic.

[landheer]

a portion of your store's weekly profit is invested into bitcoin,
yes, this is very good as long as you know the risks of investing in bitcoin, because bitcoin certainly fluctuates, so you have to accept that fact.

but I have a suggestion if you also open a service, namely accepting payments using btc, I think it will be even better. but if bitcoin is illegal in your country you shouldn't, because you have to obey the rule in your area.