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

[Kakmakr]

The words "profit share" in your post is worrying me for some reason. This is a word that is used in Bitcoin Ponzi schemes. I hope you bought bitcoins at a regulated exchange and that you own the Private keys to those coins. (obviously after you have withdrawn the bitcoins to cold storage) 

There are no "profit share" when you own bitcoins, you either buy it at a low price and then sell it at a profit. You do not get monthly dividends or profits, so make sure you are "invested" in the correct technology.

[Bazzu]

indeed many countries experienced high inflation and in my country also experienced inflation,
so indeed in this case we must be good at managing our economic strategy so that our economy does not go down, and in my opinion btc investment can indeed be called a good strategy because indeed btc will not be affected by inflation but is very risky. so in this case you have to have a good strategy in buying btc so you don't lose when investing in btc.

but of course you also have to have fiat money savings and also have to prioritize rental costs and so on.
so I think it's better for you to invest in btc, only a small part of the profit you get from your shop, but the decision is yours, happy investing.

[Die_empty]

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.

Investing your profit on bitcoin is a good choice because you might get some profit from it in the future. And it will be better to save in Bitcoin since your country is facing inflation. Bitcoin will help serve as a hedge against inflation.

But I will also suggest that you seek ways of tackling the challenges you are facing in your business because from your explanation which includes low sales and high cost of goods the business will not perform well because you are not making enough profit to sustain the business. I will suggest you seek a cheaper supplier or diversify to other businesses. My advice is that investing in Bitcoin will not save your business because it is a long-term investment. You need to have income that will help you pay your bills daily, monthly, or yearly until you start making money from your Bitcoin investment.

[kotajikikox]

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.

while you must admit that you are facing difficulties even in paying rent ? then how do you think you can survive the business just by investing in bitcoin ? sorry for this mate but if you are just using bitcoin investing to survive in case the price goes high then you are wrong , because in crypto investment there are sideways.so sometimes when you expect to doubled? instead you will lose everything even your own clothing shop so better to think twice or thrice .

[Victorik]

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.

From your write up, I don't think you need any advice, because you seem to have already made up your mind and decided on what you want.
You idea of investing your weekly profit on BTC. It may not yield immediate results, but eventually, you will get something very reasonable.

[Latviand]

Only problem that I can think of is that you might be prone to emotional outburst and can cause you to panic sell or something, not to mention that your store was hit in economic terms and you didn't mention any other streams of income, it might sound crazy to you but remember that you might experience financial hardships because you are investing weekly portions of the profit and with the current market, it's not really a good time to get it out in case you need a lot of money, you will be losing a lot. Maybe take a break from that routine or make it twice a week or once a month until you secure another stream of income so you don't have to worry in case there's a bad day for your shop.

[Litzki1990]

It will be better for you and your store if you do your store accounting monthly instead of weekly. In addition to daily accounting, if you calculate the monthly profit, you will invest a part of the profit in Bitcoin and with the remaining part, you can take some steps to improve your business in addition to managing your family. In this case, your family can also maintain well, can improve in your business field and can invest bitcoins along with you in that field. If you have taken such a decision, act soon..

[Z390]

I will tell you how Bitcoin investment can also cost you money, as Bitcoin is highly volatile, and timing is extremely important, which is why it is best to invest what you are willing to lose.

Assuming you plan to invest in Bitcoin with money you will need in 5 months time, At the end of 5 months, if the value of Bitcoin is not good, you will have no choice but to sell and walk away with your losses if you invest the money you will need.

Besides being a Bitcoin investor, I am also a farmer. I have invested most of my gains in Bitcoin and have even sold some lands so I can buy some Bitcoin. Since 2022, I have been buying Bitcoins and plan to continue doing so until the next bull market occurs. Because I have multiple sources of income, it is easier for me to invest in Bitcoins, so be sure you won't need the money for a long time before you do.

[lovesmayfamilis]

Another account came to the forum for the pizza contest. OP, how does your country feel about bitcoins? All your colleagues are very concerned that Bitcoin activity is prohibited in Bangladesh. But if you are an active investor, where are you going to exchange fiat for bitcoin? I say this because I often visit your local section, reading concerns about the use of Bitcoin.

[Bitcoin_people]

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.

I think this decision of yours is good, currently the number of buyers has decreased due to increase in price of all products. But since you have a clothing store there is definitely a good amount of profit at the end of the week. But paying rent to your shop may make it difficult for you to meet your family expenses at the end of the week. For which you have decided to invest bitcoins from your small store savings. But I will tell you that before investing in Bitcoin you must acquire good knowledge and skills about the market. You should note that the Bitcoin market is often volatile. And considering the various aspects of Bitcoin that you can invest in, it can benefit you in the future. And if you invest in Bitcoin and hold it for a long time, it will be a future asset.

[demonica]

It's a great idea to start investing in Bitcoin little by little since that's what only you can afford for now and since you're still a newbie in Bitcoin investment.
I would also suggest accepting Bitcoin payment. Although it might be not that known by most of you customers, you could also start doing online shop aside from your physical store. You can target customers overseas wherein they can also pay using Bitcoin. Aside from that, you can gain sales online without the need to pay for a monthly rent so you might want to consider building an online shop of your business.

[yazher]

That's something you can be proud of yourself because there are only a few people who can do that and hope to hold their bitcoins for the long term. You just need to be patient whenever you see some kind of decrease in the price in the crypto market because it will gonna be fine in a few days or months when the price will rise again. unlike altcoins, bitcoins always recovered. and at a time when the market is facing some troubles, you need to do something else and keep away from the people who spread fake news on what's really going on with the crypto market.

[Lorence.xD]

It's actually difficult to find a well earning money sources these days. Inflation actually hit every country despite the salary of the people remain the same. From your post OP, it's a good move to know Bitcoin as a opportunity to have profits but let's not forget the fact it's volatile which makes it risky to invest or trade. From your post it's like you were only focused on the bright side of Bitcoin, but let's remember as long risk is involved you still need to be careful with any investment especially if you can't afford to lose the money. It would be better to invest with yourself first with knowledge about Bitcoin for you to lessen the risk of losses since you already have the knowledge.

[KiaKia]

It's a good plan if you can afford it, there are two types of investors in Bitcoin, those who are ready for any possible results and those who invest what they can't afford to lose, I hope you invest what you can afford to lose? I understand that this money comes from your business but are you ready to see the value goes down before it starts going up again? This is what many investors are not ready to see and they called themselves investors, since Bitcoin is not a stable digital currency, this can't be avoided.

[Fivestar4everMVP]

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.

I think you made a great decision indeed, investing Part of your weekly profit is a good idea and one I truly support, just make sure to set a percentage of the profit you will investing every week, and the percentage should depend on your marital status, if you are still single, then I believe you can invest up to 50 percent of your weekly profit in bitcoin, but if you are married with family, then maybe 10 to 15 percent of your weekly profit will be a good idea, just make sure to never invest every thing, so it doesn't end up affecting you, your family and business.

Another thing is to have long term in mind, this is in order not to feel disappointed, bitcoin might go up in the short term and make you some good profit, but it might also take a long time, so it's better to invest with the mindset of long term than short term.

[Wiwo]

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.

Investing in bitcoin will help to revitalize your financial status if you have the basic knowledge and long-term mindset,  but for the short term, you may not see any significant effect of Bitcoin on gone financial life since you will need to have to hold for a while for the price to rise significantly to be able to make good profits.

The cost of rents have increased lately in many places and that is what has affected a lot of small businesses as a matter of urgency retailers need to diversify into other ventures and Bitcoin is one of that venture that is less expensive to maintain even though Bitcoin has a high-risk investment.

[Ale88]

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.

The only good advice is not even actually an advice, it's just a hope: hope that you carefully valued pros and cons, hope that you're aware that cryptos are very volatile, including bitcoin, and hope that you won't need the money you invested in the short term, otherwise you may have to sell at loss. Besides all that, I think it's a good idea, especially in the long term.

[jeraldskie11]

You're making a good decision, in my opinion. Because you're struggling due to an increase in the prices of everything in your country, it's far better to invest some of your profits in your clothing shop in Bitcoin. Simply ensure that the remaining profit is sufficient for your daily needs so that you do not withdraw your Bitcoin. You must only invest what you can afford to lose, and it must be your spare cash. When the price of Bitcoin falls, we must realize that it must be done in order for the price to rise and avoid constantly checking the chart. I believe that if you do this, as the cost of things to buy rise, your efforts in investing in Bitcoin will pay off.

[Finestream]

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.

That’s a good start with bitcoin. By just accepting bitcoin payment in your store will create a big difference in your finances. That is also one way of bitcoin promotion in your area in case a lot of your neighborhood are still unaware that bitcoin can be used as a currency. And by investing bitcoin little by little, somehow you will secure a brighter future when bitcoin price finally reached its all time high.

[Blitzboy]

I will tell you how Bitcoin investment can also cost you money, as Bitcoin is highly volatile, and timing is extremely important, which is why it is best to invest what you are willing to lose.

Assuming you plan to invest in Bitcoin with money you will need in 5 months time, At the end of 5 months, if the value of Bitcoin is not good, you will have no choice but to sell and walk away with your losses if you invest the money you will need.

Besides being a Bitcoin investor, I am also a farmer. I have invested most of my gains in Bitcoin and have even sold some lands so I can buy some Bitcoin. Since 2022, I have been buying Bitcoins and plan to continue doing so until the next bull market occurs. Because I have multiple sources of income, it is easier for me to invest in Bitcoins, so be sure you won't need the money for a long time before you do.

Bitcoin is indeed highly volatile, and timing is essential. This is no penny-ante game. Youre right; one should only invest what they can afford to lose. It's a mantra we, in the crypto community, swear by.

Your farming venture, now thats intriguing. Balancing between being a farmer and a Bitcoin investor, how cool is that? Though, I have to ask, selling land for Bitcoin? Is that a wise strategy? Land is a tangible, appreciable asset.

Still, your diversified income sources do make it easier for you to absorb any potential losses. Thats a wise strategy. It might not work for everyone, but if its working for you, more power to you. Keep riding the Bitcoin bull, bro. This is not the end; it's just the beginning of the new era