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Author Topic: Real estate vs cryptocurrencies vs business  (Read 2753 times)
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October 30, 2023, 04:58:42 AM
 #361

It depends on your knowledge, expertise and passion. If you are doing business and doing well then there is no point in looking for ways of generating money in crypto. Why take a risk on something you don't have passion for or knowledge about?

But if you are looking for an option to get rid of inflation then it is advisable to gain knowledge about crypto as i think bitcoin is better than gold in terms of fighting inflation. Don't be like those guys who watch a video about dogecoin and start investing in it without any justification. You should learn about where you are putting your money and whether the associated risk is bearable for you or not.

I agree that Bitcoin is better than gold in terms of investing. More risky? Yes, but so far it's been worth it. Of course, a year or two may be not enough to see some profits, but let's not forget that BTC always surpasses its previous ATH sooner or later. I wouldn't advise to look for ways of generating money in crypto, especially to someone who's not an expert in the field, but I think for a successful businessman it would be nice to think about investing part of the profits into Bitcoin.

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October 30, 2023, 05:54:11 AM
 #362

I consider both Real estate and cryptocurrencies businesses lucrative enough to invest in. However, I have a formula when it comes to investing in them.

The both of them are businesses that rakes in money but one is within your control and the other is not, so what I do is, I invest in crypto and wait for the dividends and when it comes up I stroll into the Real estate wing of business and invest there. Since crypto sometimes goes on a lengthy bearish period, it is also pertinent to note that profits might not turn up for that lengthy period, so that Real estate business covers for the era of non returns in the crypto space and by that way I'm never in lack.


Once i do have that enough capital then i would be focusing on Real Estates.

Real Estate ->Profit-> Divide -> Monthly amortization if not paid full/the rest invest on crypto
or
Profit -> Build some business ->2 profit sources -> Rinse and Repeat
and then this is the time you would really be considering on investing into crypto.

Diversify as much as possible yet this would really be that the best way on building your empire. Dont rush up and take the slow pace until you would really be making it big.
The most common mistake of investors is that the they do become that careless when it comes on planning on things. They would really be taking up the fastest way as possible
and this is where it do really differentiate in between to those who are really that serious and to those who are reckless.

No matter what things you do plan then it would really be always for the better and something that do talks about making money with those businesses or whatever it would be
including crypto but risks would really be that always be there or attached to it.

Or you could expand your real estate business and own multiple lands and units. Building another business model is another risk that you need to explore. Nevertheless, it all depends on your risk appetite, expertise, and of course smart decisions. Bitcoin is actually a good option, diversifying your capital to expand your physical business and bitcoin investment is the most common way to do it.
Not being able to own a bitcoin today might cost you more money in the future though, or you could totally opt out in investing in bitcoin when you need to build a comfortable capital first before putting money in it and just focus on expanding your current business model to keep the risk at a minimal level. Because I'm pretty sure during that time, bitcoin will not cost around $25k - $30k, it could be more than that figure, so that means you need bigger capital as well to maximize the profit probability. 

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October 30, 2023, 08:00:12 AM
 #363

My choice will be Business at the first place, followed by cryptocurrency and the last will be on real estate. When we're into business we'll be much concentrated and we can grow ourselves. Here the work we do for some time period will keep our business going good for long term.

Cryptocurrency is highly volatile, however I've enjoyed the goodness and the market crash. This lets me do the best and make some earning out of it than relying over it completely.

Real estate is kind of business where we'll be able to make good profit in the short term. However the market depends upon the growth surrounding the property. This makes real estate an unpredictable market bearer and a riskier one.

The business is okay if you have a partner who will manage it. But if you're alone and don't have a partner, it's a bit difficult to do that. I currently only do cryptocurrency trading.

Although it's not easy to do because it also depends on market movement, somehow you get a profit, and it also depends on the crypto or bitcoin you trade. Of course, we need the source because of the expenses we have every day of our lives. Real estate is long-term, like bitcoin.
Trading in crypto is good for those who need daily value. It's also a good idea to do business here because you don't have to be under anyone's control. But choosing the right currency in crypto gives good long term investment returns. You have to be very careful in investing the money that you have decided to invest in real estate. Because investing in real estate is very risky investing in various nameless anonymous or sometimes even reputed companies can be a victim of irony. Investing in crypto bitcoin does not have to suffer from any such problems.

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October 30, 2023, 08:57:17 AM
 #364

It depends on your knowledge, expertise and passion. If you are doing business and doing well then there is no point in looking for ways of generating money in crypto. Why take a risk on something you don't have passion for or knowledge about?

But if you are looking for an option to get rid of inflation then it is advisable to gain knowledge about crypto as i think bitcoin is better than gold in terms of fighting inflation. Don't be like those guys who watch a video about dogecoin and start investing in it without any justification. You should learn about where you are putting your money and whether the associated risk is bearable for you or not.

I agree that Bitcoin is better than gold in terms of investing. More risky? Yes, but so far it's been worth it. Of course, a year or two may be not enough to see some profits, but let's not forget that BTC always surpasses its previous ATH sooner or later. I wouldn't advise to look for ways of generating money in crypto, especially to someone who's not an expert in the field, but I think for a successful businessman it would be nice to think about investing part of the profits into Bitcoin.
It is true that everything will depend on the interests, skills or insights that we have or that we master. And maybe I think it would be much wiser if we were experts in business, but we also can't always just rely on business. We also still have to have other alternatives, especially for storage and investment in the future. Whenever we have profits from business, it is better for us to also set aside Bitcoin investments. And if we already have enough money accumulated from all our investments and businesses then it is still important for us to also buy Real Estate and Build Property. Because we never know what will happen to the economy in the future. A business may experience great success within a few years. But in the next few years it experienced a slight decline. But if we have other preparations then we will be fine. Because we already have other plans and preparations to face all situations.

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October 30, 2023, 02:47:41 PM
 #365

It depends on your knowledge, expertise and passion. If you are doing business and doing well then there is no point in looking for ways of generating money in crypto. Why take a risk on something you don't have passion for or knowledge about?

But if you are looking for an option to get rid of inflation then it is advisable to gain knowledge about crypto as i think bitcoin is better than gold in terms of fighting inflation. Don't be like those guys who watch a video about dogecoin and start investing in it without any justification. You should learn about where you are putting your money and whether the associated risk is bearable for you or not.

I agree that Bitcoin is better than gold in terms of investing. More risky? Yes, but so far it's been worth it. Of course, a year or two may be not enough to see some profits, but let's not forget that BTC always surpasses its previous ATH sooner or later. I wouldn't advise to look for ways of generating money in crypto, especially to someone who's not an expert in the field, but I think for a successful businessman it would be nice to think about investing part of the profits into Bitcoin.

Bitcoins previous statistics don't guarantee it will do the same in the future. The crypto market is totally unique compared to other asset class so extensive knowledge is required to make a profit from this market by investing. Some influencers show the positive side by overshadowing the negative one. This gives newcomers overconfident which causes the downfall of their career in crypto. 

It is advisable to invest the money you can afford to lose in crypto. Sometimes the short term profit from the crypto market is not substantial for many investors. However there are not too many bitcoin centric businesses running around the world so there isn't much business opportunity for bitcoin in the real world.

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October 30, 2023, 05:04:25 PM
 #366

Trading in crypto is good for those who need daily value. It's also a good idea to do business here because you don't have to be under anyone's control. But choosing the right currency in crypto gives good long term investment returns. You have to be very careful in investing the money that you have decided to invest in real estate. Because investing in real estate is very risky investing in various nameless anonymous or sometimes even reputed companies can be a victim of irony. Investing in crypto bitcoin does not have to suffer from any such problems.
  Smart people are careful about their finances, so they plan investments very cautiously. But with so many options available out there – including gold, bonds, real estate, stocks, and cryptocurrencies – choosing the safest asset class is no easy task.Real estate has traditionally been one of the most desirable options for serious investors, but how does it perform compared to the latest assets such as Bitcoin?
The future is obviously bright for both asset classes, so your investment decision depends mostly on personal needs and preferences. As a property owner, you have a tangible asset value at your disposal. It’s a physical object you can control 100%. The fact that it’s tangible also suggests that you can actually use real estate. Most people rent their houses and apartments, while the second option is obvious – use it as your own home.
   In my opinion I feel like none is riskier than the other, the risk it’s self is your decision making,  because investing in the three options are risk. There are pros and cons in every cases, so how we manage our resources determines whether our success rate. The three options are very lucrative options and each of them can yield maximum returns if its goes in favor, same way it can go otherwise. Our main objective of investing is to make profit no one wants to loss his money that why is important to have knowledge about what you’re investing on.
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October 31, 2023, 03:06:26 PM
 #367

I also think your opinion is a very good option, because when someone wants to start one of the three options only with not too much experience. So it would be very wise if he chooses to set up his own business while deepening knowledge for his own business and the income from the business can also be used for crypto and real estate when he feels a little prosperity in his life from the business income. So a flow like that will really help everyone in carrying out all three of the options that are quite appropriate for everyone, namely doing business.
If you want to build a new business, you must have the knowledge to set a business strategy and large funds to manage your business. If you build a business while deepening your knowledge, your business will need a long period of time to achieve success. I apply a different strategy in that condition, I will still allocate funds for crypto investment while running a business, because you don't need high funds to invest in crypto so you don't need to wait for your business to be successful, but running between business and investment will be better for the future .
To create a new business, you have to think a lot in the first stage, because after starting a business in a new stage, it will be very difficult to sustain the business.  Also, if you can invest, it can be very good. Because if you can invest, it can always bring something good for us, so I always invest.


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wmaurik
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October 31, 2023, 07:17:40 PM
Merited by uswa56 (1)
 #368

If you want to build a new business, you must have the knowledge to set a business strategy and large funds to manage your business. If you build a business while deepening your knowledge, your business will need a long period of time to achieve success. I apply a different strategy in that condition, I will still allocate funds for crypto investment while running a business, because you don't need high funds to invest in crypto so you don't need to wait for your business to be successful, but running between business and investment will be better for the future .
What you say is actually more appropriate to carry out, but currently it seems like everyone knows that starting a business doesn't have to have a large amount of capital, although it can take a long time to become successful with small capital. However, in general, there are now many people who are happy with small businesses that they can run for a long time while deepening their knowledge and experience in several things, including investing in crypto with capital that is not too large. This means that funding is always needed for each different job so that it can be carried out simultaneously at one time.

Building a business takes a long time with required effort and a huge budget. But if the business can be successful then the amount of revenue from here cannot be compared with anything. People running crypto projects are a business so why should we invest money in other's business and help others to grow their business where we can build our own business through hard work. Bitcoin is a decentralized coin that no one can control. Investments can be made here but we should always focus on building our own business. Then we can invest anywhere. But we want to live a lazy life which is why we are always looking for an easy source of income one solution of which is investment in Bitcoin he he
Maybe some people already know that investment is part of the business, including investment in the crypto space by choosing Bitcoin as a very basic investment asset and also very strong value. However, investing will not be easy to make a profit and we also have to spend a long time if we want bigger profits, as well as developing a business which will not be immediately successful in a short time. Because every job that is related to money and achieving certain targets that we have set ourselves always requires time to carry out the process, so almost all jobs always need time to develop because nothing is born instantly in this world.

To create a new business, you have to think a lot in the first stage, because after starting a business in a new stage, it will be very difficult to sustain the business.  Also, if you can invest, it can be very good. Because if you can invest, it can always bring something good for us, so I always invest.
Nowadays, there are many procedures for investing on the internet and on various websites that can be read by everyone who wants to invest after deepening their knowledge through several methods. So perhaps almost the majority of people in the world have now made investments and they will also continue to run other businesses even though they are investing, whether in crypto or elsewhere. This means that both of these jobs require time and knowledge to carry them out as well as sufficient capital to be able to carry them out because both of these jobs require you to put your mind to it from the early stages so as not to make mistakes.

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gunhell16
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October 31, 2023, 10:18:10 PM
 #369

My choice will be Business at the first place, followed by cryptocurrency and the last will be on real estate. When we're into business we'll be much concentrated and we can grow ourselves. Here the work we do for some time period will keep our business going good for long term.

Cryptocurrency is highly volatile, however I've enjoyed the goodness and the market crash. This lets me do the best and make some earning out of it than relying over it completely.

Real estate is kind of business where we'll be able to make good profit in the short term. However the market depends upon the growth surrounding the property. This makes real estate an unpredictable market bearer and a riskier one.

The business is okay if you have a partner who will manage it. But if you're alone and don't have a partner, it's a bit difficult to do that. I currently only do cryptocurrency trading.

Although it's not easy to do because it also depends on market movement, somehow you get a profit, and it also depends on the crypto or bitcoin you trade. Of course, we need the source because of the expenses we have every day of our lives. Real estate is long-term, like bitcoin.
Trading in crypto is good for those who need daily value. It's also a good idea to do business here because you don't have to be under anyone's control. But choosing the right currency in crypto gives good long term investment returns. You have to be very careful in investing the money that you have decided to invest in real estate. Because investing in real estate is very risky investing in various nameless anonymous or sometimes even reputed companies can be a victim of irony. Investing in crypto bitcoin does not have to suffer from any such problems.

Actually, real estate, crypto, and business have risks attached to them. Now, it's up to us which of those we are ready to face the risk we can face. Personally, I can combine cryptocurrency and real estate. Because I can make a profit from trading here in crypto while I pay monthly in real estate.

In business, I will still need someone to look after and manage the business I want. Therefore, my priority is crypto trading, and at the same time, I have real estate in real life while I am here in the crypto space. It can happen.


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passwordnow
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October 31, 2023, 10:39:53 PM
 #370

To create a new business, you have to think a lot in the first stage, because after starting a business in a new stage, it will be very difficult to sustain the business.  Also, if you can invest, it can be very good. Because if you can invest, it can always bring something good for us, so I always invest.
While it's true that you need to think of many things if you're about to start a business. The thing that I've learnt from the actual business folks is just start your business and don't think of those lot of things. Let those things come along to you when you have started already and then figure out on how you're going to solve those. Because if you haven't started yet and you're already thinking of those lot of things as if they are numbers of problems, you'll have hard time in starting and probably that you won't even get to start. That's why as you start, just do what's necessary upon starting and make sure that you know where to start. And when those problems comes to you, take them as a challenge because all of the successful businessmen have gone through the process and overcame all of those. When they're able to beat the odds and problems for starting out, they have started almost every business that they can think of. And there is no coming back because they have applied all the lessons they've managed to have when they actually first started their very own first startup business.

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November 01, 2023, 02:56:37 PM
 #371

To create a new business, you have to think a lot in the first stage, because after starting a business in a new stage, it will be very difficult to sustain the business.  Also, if you can invest, it can be very good. Because if you can invest, it can always bring something good for us, so I always invest.
While it's true that you need to think of many things if you're about to start a business. The thing that I've learnt from the actual business folks is just start your business and don't think of those lot of things. Let those things come along to you when you have started already and then figure out on how you're going to solve those. Because if you haven't started yet and you're already thinking of those lot of things as if they are numbers of problems, you'll have hard time in starting and probably that you won't even get to start. That's why as you start, just do what's necessary upon starting and make sure that you know where to start. And when those problems comes to you, take them as a challenge because all of the successful businessmen have gone through the process and overcame all of those. When they're able to beat the odds and problems for starting out, they have started almost every business that they can think of. And there is no coming back because they have applied all the lessons they've managed to have when they actually first started their very own first startup business.
More often than not, action speaks louder than meticulous planning. Just get going, please! From Wall Street to Silicon Valley, successful entrepreneurs have frequently jumped in headfirst. They begin, pick up knowledge, and adjust.

But while making the leap is vital, it's also critical to have a fundamental grasp of financial concepts and market dynamics. As you say, you have to know where to begin. Establishing a firm without a fundamental understanding of supply and demand, economics, and finance might be likened to sailing a ship without a compass. It involves finding a balance between planning and action.

Seeing obstacles as chances to develop and learn is crucial when they occur, as they will. Indeed, successful businesspeople have confronted and conquered many obstacles. They begin, run into difficulties, pick up lessons, develop, and then begin again. It's a cycle, and a successful cycle at that. Thus, arm yourself with information, take on obstacles head-on, and never turn around

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passwordnow
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November 01, 2023, 09:09:42 PM
 #372

While it's true that you need to think of many things if you're about to start a business. The thing that I've learnt from the actual business folks is just start your business and don't think of those lot of things. Let those things come along to you when you have started already and then figure out on how you're going to solve those. Because if you haven't started yet and you're already thinking of those lot of things as if they are numbers of problems, you'll have hard time in starting and probably that you won't even get to start. That's why as you start, just do what's necessary upon starting and make sure that you know where to start. And when those problems comes to you, take them as a challenge because all of the successful businessmen have gone through the process and overcame all of those. When they're able to beat the odds and problems for starting out, they have started almost every business that they can think of. And there is no coming back because they have applied all the lessons they've managed to have when they actually first started their very own first startup business.
More often than not, action speaks louder than meticulous planning. Just get going, please! From Wall Street to Silicon Valley, successful entrepreneurs have frequently jumped in headfirst. They begin, pick up knowledge, and adjust.

But while making the leap is vital, it's also critical to have a fundamental grasp of financial concepts and market dynamics. As you say, you have to know where to begin. Establishing a firm without a fundamental understanding of supply and demand, economics, and finance might be likened to sailing a ship without a compass. It involves finding a balance between planning and action.

Seeing obstacles as chances to develop and learn is crucial when they occur, as they will. Indeed, successful businesspeople have confronted and conquered many obstacles. They begin, run into difficulties, pick up lessons, develop, and then begin again. It's a cycle, and a successful cycle at that. Thus, arm yourself with information, take on obstacles head-on, and never turn around
A random start isn't what we're saying but you're right about knowing where you should begin and probably there's no ending on it. Those that have the idea on how to start might have taken their knowledge somewhere else or with their other failed ventures. Yes, you just have to start and let yourself figure out the problems that will exist on your journey with that business. It is not an easy thing but you need to have that foundation before doing so. You don't start that you have no idea what you're doing, you have the idea, you have the plan and just execute it already and don't think of the problems yet if they're not yet there. Because that's the common mistake of people when they're on that phase, they think of the problem that's not yet existing. Yes, it's good to have some backup plans for the resolution of those problems that potentially can come out but don't stress yourself out with problems that are non existence when you do business.

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November 01, 2023, 09:32:40 PM
 #373

While it's true that you need to think of many things if you're about to start a business. The thing that I've learnt from the actual business folks is just start your business and don't think of those lot of things. Let those things come along to you when you have started already and then figure out on how you're going to solve those. Because if you haven't started yet and you're already thinking of those lot of things as if they are numbers of problems, you'll have hard time in starting and probably that you won't even get to start. That's why as you start, just do what's necessary upon starting and make sure that you know where to start. And when those problems comes to you, take them as a challenge because all of the successful businessmen have gone through the process and overcame all of those. When they're able to beat the odds and problems for starting out, they have started almost every business that they can think of. And there is no coming back because they have applied all the lessons they've managed to have when they actually first started their very own first startup business.
More often than not, action speaks louder than meticulous planning. Just get going, please! From Wall Street to Silicon Valley, successful entrepreneurs have frequently jumped in headfirst. They begin, pick up knowledge, and adjust.

But while making the leap is vital, it's also critical to have a fundamental grasp of financial concepts and market dynamics. As you say, you have to know where to begin. Establishing a firm without a fundamental understanding of supply and demand, economics, and finance might be likened to sailing a ship without a compass. It involves finding a balance between planning and action.

Seeing obstacles as chances to develop and learn is crucial when they occur, as they will. Indeed, successful businesspeople have confronted and conquered many obstacles. They begin, run into difficulties, pick up lessons, develop, and then begin again. It's a cycle, and a successful cycle at that. Thus, arm yourself with information, take on obstacles head-on, and never turn around
A random start isn't what we're saying but you're right about knowing where you should begin and probably there's no ending on it. Those that have the idea on how to start might have taken their knowledge somewhere else or with their other failed ventures. Yes, you just have to start and let yourself figure out the problems that will exist on your journey with that business. It is not an easy thing but you need to have that foundation before doing so. You don't start that you have no idea what you're doing, you have the idea, you have the plan and just execute it already and don't think of the problems yet if they're not yet there. Because that's the common mistake of people when they're on that phase, they think of the problem that's not yet existing. Yes, it's good to have some backup plans for the resolution of those problems that potentially can come out but don't stress yourself out with problems that are non existence when you do business.
There's an element you guys are failing to mention and putting into consideration when going into any form of business and that is passion. For any business to succeed amidst every challenges encountered it doesn't heavily depends on the plans laid down by the business owner as a backup but does have so much to do with how passionate the person is with that line of business he/she chooses to pursue. When every plans you put on ground fails and things not working as planned  due to the market challenges it is your passion for the business that will keep you from giving up on the business. We have heard successful business speak of their experiences while their business was in the infant stage, one thing you will grab from all they say is that they there was a kindle passion that kept them going even when things were falling apart. It's one thing to have a business plan it's still a different thing to have passion for the business you're into.
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November 01, 2023, 09:34:59 PM
 #374

Trading in crypto is good for those who need daily value. It's also a good idea to do business here because you don't have to be under anyone's control. But choosing the right currency in crypto gives good long term investment returns. You have to be very careful in investing the money that you have decided to invest in real estate. Because investing in real estate is very risky investing in various nameless anonymous or sometimes even reputed companies can be a victim of irony. Investing in crypto bitcoin does not have to suffer from any such problems.
Precisely in this case if you really want to be in crypto then it would be better to make this as an investment material not trading.
Indeed if we talk about daily profits it will be very good but it is not obtained easily because it means you have to try bigger to try to always be profitable and it will not be easy when you are just glued to the monitor screen and even if you are good in the end things like this will definitely lose too so no I think it would be very wise to give the view that the risk of trading especially daily is precisely the starting point of endangering yourself.
Not that trading is bad because but when it comes to risk management then investing is much more advisable than trading.

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wmaurik
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November 02, 2023, 08:29:00 AM
 #375

Actually, real estate, crypto, and business have risks attached to them. Now, it's up to us which of those we are ready to face the risk we can face. Personally, I can combine cryptocurrency and real estate. Because I can make a profit from trading here in crypto while I pay monthly in real estate.
If you can do two different things at the same time at once, it is also very good for yourself because you can achieve benefits from two different sides. Apart from that, the use of your own time will also be more relevant because you can use it on two different things such as crypto and real estate, even if only for a monthly duration of your own crypto profits.

Quote
In business, I will still need someone to look after and manage the business I want. Therefore, my priority is crypto trading, and at the same time, I have real estate in real life while I am here in the crypto space. It can happen.
It is also a better option if you can afford to hire an employee to run your business, because you can also benefit from this if the business is sufficiently advanced, although every business always takes time to become more advanced. Which means that every business that wants to be developed for the long term, there must always be someone who is able to manage it well and is able to bring in quite a good income for you and for your own employees.

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Xcode7
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November 02, 2023, 09:11:47 AM
Merited by fillippone (1)
 #376

If you can do two different things at the same time at once, it is also very good for yourself because you can achieve benefits from two different sides. Apart from that, the use of your own time will also be more relevant because you can use it on two different things such as crypto and real estate, even if only for a monthly duration of your own crypto profits.
If it can be done simultaneously then that is very good and very profitable, but the problem for many people is that they don't have enough capital to be able to do this so they have to be careful and smart in choosing one of them first to take advantage and then finally be able to do both.

Quote
It is also a better option if you can afford to hire an employee to run your business, because you can also benefit from this if the business is sufficiently advanced, although every business always takes time to become more advanced. Which means that every business that wants to be developed for the long term, there must always be someone who is able to manage it well and is able to bring in quite a good income for you and for your own employees.
If the business is running smoothly, it is more effective if we employ other people so that we can have more freedom to manage our time to do other useful things, one of which is to be able to focus more on trading or investing in Crypto.
However, all of this must also be under our own control, and the person who is fully responsible for what happens in the business is ourselves.

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November 02, 2023, 10:40:52 AM
 #377


I agree that Bitcoin is better than gold in terms of investing. More risky? Yes, but so far it's been worth it. Of course, a year or two may be not enough to see some profits, but let's not forget that BTC always surpasses its previous ATH sooner or later. I wouldn't advise to look for ways of generating money in crypto, especially to someone who's not an expert in the field, but I think for a successful businessman it would be nice to think about investing part of the profits into Bitcoin.
So far this has always happened and Bitcoin has reached a new ATH in every global cycle, but we don't know if this can happen again in every cycle? I think the bull market could be very positive now with the approval of the Bitcoin ETF, but going forward Bitcoin may become too big an asset to rely on reaching a new ATH every cycle.

Although gold does not have a limited supply, it still continues to rise in price, I think for Bitcoin this should become an even more positive factor in the long term.

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Ahli38
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November 02, 2023, 10:55:14 AM
 #378


I agree that Bitcoin is better than gold in terms of investing. More risky? Yes, but so far it's been worth it. Of course, a year or two may be not enough to see some profits, but let's not forget that BTC always surpasses its previous ATH sooner or later. I wouldn't advise to look for ways of generating money in crypto, especially to someone who's not an expert in the field, but I think for a successful businessman it would be nice to think about investing part of the profits into Bitcoin.
So far this has always happened and Bitcoin has reached a new ATH in every global cycle, but we don't know if this can happen again in every cycle? I think the bull market could be very positive now with the approval of the Bitcoin ETF, but going forward Bitcoin may become too big an asset to rely on reaching a new ATH every cycle.

Although gold does not have a limited supply, it still continues to rise in price, I think for Bitcoin this should become an even more positive factor in the long term.
And of course Bitcoin is much better as an investment destination compared to gold. Because actually gold also has its own advantages, namely as a store of value. Even currencies can experience a decrease in value, but gold can avoid this decrease in value. So gold is more suitable for storing value than for investment. And Bitcoin is indeed much more suitable for investment. And with many institutions also entering Bitcoin, this will also have a positive impact on the price of Bitcoin itself. So I personally always set aside my money to accumulate bitcoins. Gold is not limited, but gold is also widely used in various fields. Even in today's technological advances, it cannot be separated from tools that contain the use of gold components. So gold will always be needed by almost all industries. So it is not surprising that the value continues to persist. But my personal dream is to ultimately own a lot of real estate. And maybe you are all the same in this regard.

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Iroh
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November 02, 2023, 11:49:58 AM
 #379

To create a new business, you have to think a lot in the first stage, because after starting a business in a new stage, it will be very difficult to sustain the business.  Also, if you can invest, it can be very good. Because if you can invest, it can always bring something good for us, so I always invest.

Starting a business is no easy task as you’ve got serious competition all over. Due to various factors, it may be difficult to sustain the business and it may later fold up. But Investments can not always bring us something good. Not in the short run anyway.
A business, when successfully off its starting point; beginning to grow and bring in profits can be very satisfactory and also rewarding. I think looking for and staring a viable business wouldn’t do no damage.
armanda90
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November 02, 2023, 12:52:38 PM
 #380

I agree that Bitcoin is better than gold in terms of investing. More risky? Yes, but so far it's been worth it. Of course, a year or two may be not enough to see some profits, but let's not forget that BTC always surpasses its previous ATH sooner or later. I wouldn't advise to look for ways of generating money in crypto, especially to someone who's not an expert in the field, but I think for a successful businessman it would be nice to think about investing part of the profits into Bitcoin.
More risky will get more high return or profitable, I agree with you Bitcoin is better investment than gold although many people have more trusted for their money investing in gold than bitcoin. I am excited with kinds of investment have higher risk and get feedback with higher return or profitable, with gold investment likely low risk and get low return or profitable and exactly worth for people won't loss more with their money investment.

Usually successful businessmen more priority with higher risk and earn higher return or profitable with low risk but low profitable such as gold investment, depend on each people mindset when investing their money will try to earn much profitable in short term or not.

R


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