How do you work toward hodling bitcoin?

[Accardo]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

[Churchillvv]

The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render?

There are possible ways which we can secure our businesses and still save Bitcoin made through the services, like an artist who creates awesome arts can secure his or her business through selling the art works using Bitcoin as payment, I have seen people who sold some art works for Bitcoin. had through this same means set up there art business career, teach people how to create this awesome arts and having their business held up in their local areas & online and at the same time saving Bitcoin through that means. People tend to be successful when they offer a particular services to the world at large and when you have a skill that serves the masses you can secure a business very fast and easy as long as you have build yourself to a standard it's very hard to be replaced.
Then you can save Bitcoin from your services using it as a payment method.

[Accardo]

The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render?

There are possible ways which we can secure our businesses and still save Bitcoin made through the services, like an artist who creates awesome arts can secure his or her business through selling the art works using Bitcoin as payment, I have seen people who sold some art works for Bitcoin. had through this same means set up there art business career, teach people how to create this awesome arts and having their business held up in their local areas & online and at the same time saving Bitcoin through that means. People tend to be successful when they offer a particular services to the world at large and when you have a skill that serves the masses you can secure a business very fast and easy as long as you have build yourself to a standard it's very hard to be replaced.
Then you can save Bitcoin from your services using it as a payment method.

I was thinking of having a different business that generates fiat while running the bitcoin business. You've got a great idea, by expanding the business. But, we'll still have to sell those bitcoin to push the business via adverts and paying assistants working with us. You'd notice that the bitcoin will still not be saved 100 percent. Which is the idea behind this thread.  Because looking at the growth of bitcoin selling them is a huge loss to the business and the entrepreneur. It hurts looking back like trying to change the hand of time and seeing how much bitcoin has been spent in running a business. Like the above example, 12 BTC spent 11 years ago. Though, no matter how we regret it's quite too late. That's why a second method of safe guarding, for a long time, the bitcoin earned. While running along with it a fiat business that can as well be used to maintain the other world business. Running a business that generates bitcoin without requiring us to spend those coins is the best means of hodling bitcoin. Talking about art, I've seen arts on bitcoin that rarely get bought. Unless during the era of NFTs. But, for artists that draw and ask bitcoin as a payment method it's a nice way of generating bitcoin. If they have different source of income, then their whole life doing the business they'll see no reason selling those coins. 

[tabas]

For those that are accepting Bitcoin from their sold products, I think most of these merchants are using third party that automatically converts their Bitcoins into fiat.
Easily, you've got the option if you want to accept them and convert instantly or you get to hold that if you can for the sake of your investment. There's the boundary between being a businessman and keeping your store rolling with the profits you're making from those sold products and as well as being an investor from holding Bitcoin. Most businessman knows about that thing. Or if it's the opposite, you sell something and you get paid in fiat, you're also free to use a portion of that profit that shall go and will be used for buying Bitcoin.

[Dr.Bitcoin_Strange]

How do you work toward hodling bitcoin?

The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render?

For me, it's simple: working towards holding Bitcoin means you need to have another income source that you are earning from, and then you will have no need to spend your Bitcoin if not just to hold it. Second option is, while spending your Bitcoin, never spend everything, always learn to save some and hold tight unto it.

Like the guy on the OP who said he sold his product for 14 BTC, meanwhile he could not just save up 1 or 0.5 Bitcoin out of the 14 he received as payment.

There have been threads where OPs were asking what people would do if their salaries were paid in Bitcoin. The answer to that question is also simple. Perhaps, let's assume that Bitcoin has been accepted globally and salaries are paid in Bitcoin, the truth is that not everyone is going to save up their salary. We will still have the poor and the rich, those who will earn such a great salary in Bitcoin that they can satisfy all their bills and still have some Bitcoin to allocate to their safe (holding or portfolio). There are also the middle class and the poor who can receive a small salary in Bitcoin, and they will spend it all on all their needs.

Based on the above points I have made, and to answer your question, for one to be able to hold his or her bitcoin, they need to have a budget for their spending and also have self-discipline to save. Because if you earn in Bitcoin or sell some products in exchange for Bitcoin, you definitely have needs to spend those Bitcoin on, but the ability for you to only spend some of the Bitcoin and save some for the future is what helps you hold the Bitcoin.


I don't know if you get my point.

For example, if you have a business and you accept payment only in Bitcoin, perhaps that business is your only source of income, which means you will feed from the profits you make on your business and you will still pay some bills from the profit you make in your business. For you to pay those bills and settle your needs, you have to sell some bitcoin. You cannot hold all the bitcoin you earn forever if your business is your only source of income and you depend on it for survival.

Let me give another example. Imagine I am working for a company and my salary is $400 per month, which is normally paid in Bitcoin. From my salary, I have bills to pay and financial responsibility to handle, which can take up to about $390 worth of bitcoin. That means in that month, I am only able to save $10 worth of bitcoin of my salary for that month.

The question is, what if my salary of $400 worth of Bitcoin is not even going to cover 50% of my needs for that months? That means I am going to spend all my salary and won't hold anything.

So, the solution is that, while earning in Bitcoin, you need to cultivate the habit of saving some portion of your earnings and don't spend it all.

If you are running a business and receiving payments in Bitcoin, and perhaps you are scared that the price of Bitcoin is too volatile, you can equally covert your Bitcoin to Fiat, but before you do so, make sure to keep some Bitcoin fraction that you wish to save in your portfolio. If you keep gathering in the ban, before you know it, you will have a full ban.

[Wexnident]

~

I think it's a matter of what you think could contribute more? Seeing as you spend more on your local business compared to Bitcoin, I reckon said business isn't mature enough to provide its own profits, generate a part of that for improvements, and generate another part for other investments. Nothing wrong with that imo, it just shows how young the business is. If you really wanted to push profits towards Bitcoin though, then you have to convert said service to a point where you can provide for it yourself alone without the need for external sources, say something like a graphic artist (at most, costs would be for programs/software used) Btw this considers bills and money for daily necessities already removed/paid for in the picture.

I wouldn't recommend the latter though. The former may be more expensive now, but in the long run, it can be a method for passive profit without you needing to do anything. You only need to sit and wait for the money to come. Meanwhile you offering the service yourself without any external help can bring in more immediate profit but it only relies on you. So if you stop, there's nothing that would come in.

[Tuturtinular]

~snip~

In my country, bitcoin can't be used as a payment currency so I didn't think about creating a business with bitcoin payments. But on the other hand, bitcoin is not popular in my country so if I open a business using bitcoin as payment currency it will have a bad impact on my business. I will focus more on business development and use the most common payments people make so that my products can be purchased easily. If my business is advanced and I can collect a lot of money, that's where I will start buying bitcoin. I think this way is more logical for me than forcing to create a business and accept bitcoin payments

[Sarah Azhari]

In my country, bitcoin can't be used as a payment currency so I didn't think about creating a business with bitcoin payments. But on the other hand, bitcoin is not popular in my country so if I open a business using bitcoin as payment currency it will have a bad impact on my business. I will focus more on business development and use the most common payments people make so that my products can be purchased easily. If my business is advanced and I can collect a lot of money, that's where I will start buying bitcoin. I think this way is more logical for me than forcing to create a business and accept bitcoin payments

It's not a problem when you sell your product outside of your country, because you can accept and use Bitcoin for global payment. For example today, you have received a payment signature with Bitcoin even working in the Indonesia area, right? So with this situation, I think it's not a big problem so far, except if you sell your product on an online shop where you are restricted just use payment Rupiah. I have a friend who has been selling digital products since 4 years ago, he is fine today, not been banned even he only accepted payment PayPal and bitcoin. Because he sells in outside the country. but even if not accepted his local currency, he still pay tax after he exchange his bitcoin to local exchange. he can still contribute to his country.

[Churchillvv]

I was thinking of having a different business that generates fiat while running the bitcoin business. You've got a great idea, by expanding the business. But, we'll still have to sell those bitcoin to push the business via adverts and paying assistants working with us. You'd notice that the bitcoin will still not be saved 100 percent. Which is the idea behind this thread.  Because looking at the growth of bitcoin selling them is a huge loss to the business and the entrepreneur. It hurts looking back like trying to change the hand of time and seeing how much bitcoin has been spent in running a business. Like the above example, 12 BTC spent 11 years ago. Though, no matter how we regret it's quite too late. That's why a second method of safe guarding, for a long time, the bitcoin earned. While running along with it a fiat business that can as well be used to maintain the other world business. Running a business that generates bitcoin without requiring us to spend those coins is the best means of hodling bitcoin. Talking about art, I've seen arts on bitcoin that rarely get bought. Unless during the era of NFTs. But, for artists that draw and ask bitcoin as a payment method it's a nice way of generating bitcoin. If they have different source of income, then their whole life doing the business they'll see no reason selling those coins. 

The concept of my example is hodling while running your fiat business without spending a dime from the coins generated. Like I said teaching other people can be a source of income for an artist online classes and offline class can offer him or her a source of income that will facilities the business speaking from experience while the actual amount of art sold out using BTC as payment is saved without being spent.
If you're not deeply into art you won't notice that art works are seriously sold steadily.

[Agbamoni]

First of all, I want to say congrats on your new rank OP!

All you have said is very relatable. One thing that helps so much is your perception on what you think about Bitcoin. I am convinced that Bitcoin will one day become a world currency, and as such will go 10x to 100x even 1000x more than today's price. This has made held on to my Bitcoin for years. I stopped receiving fiat payment from my freelance work last year and am receiving in Bitcoin. So, what i do is i take the percentage i need for fiat expenses, some to emergency fund and send the rest for my weekly DCA. It can be easy once you know the reason you bought Bitcoin in the first place.

[poodle63]

my effort in holding bitcoin as an investment is by accumulating my profits through my trades in altcoin trading and also investment in altcoin which I eventually convert back to bitcoin, so basically hitting two birds with one stone in my opinion, its always good to see when the market becoming better like this, I got doubled the profit such a scene is what make me accumulate bitcoin more and more.

Personally i don't invest my whole salary to bitcoin, its just some portion of it and the other portion also for altcoin but we all know that whenever bullish come its always bitcoin that rise first.
though I also have thinking of creating my business for the sake of increasing my investment, honestly you could just accept fiat and just invest in bitcoin for the sake of simplicity, so you will still get benefit while also not going through some complicated process.

[bluebit25]

I remember another topic that asked how customers could directly pay bitcoin for their products. This issue is a business activity, so please follow the law in the country you live in that accepts Bitcoin and compile quarterly asset statistics for tax reporting. But in my opinion, for large businesses, it will not be feasible when Bitcoin is not always accepted.
But in the case of small-scale businesses, I think it still depends on the needs of the customer, as long as payment is convenient for the customer, and using crypto is just one method among many payment methods. Present. However, if you still aim to use crypto more, you must educate your customers about it, as well as promote your service that accepts crypto as a payment method.

[michellee]

I have met some of my friends who have succeeded in having new businesses that can produce fiat. They can have that business because a few years ago, they benefited from the Bitcoin bull run and altcoin season. Some of those profits were used to create new businesses that are still running today and provide profits from fiat.

Meanwhile, a small portion of the profit from the business is used to invest in Bitcoin until now. Oh yes, they made another big profit from Bitcoin's last ATH. They use these profits to expand their business and keep other profits as savings. Meanwhile, they can meet their daily needs from their profits and their business.

From that, they can continue to invest in Bitcoin while they also have a business to generate fiat and meet their living needs.

Some friends work in offices and companies. The salary they get every month exceeds their daily needs because they are very frugal and calculate every expense in detail. They do not disturb their Bitcoin investments because they have other sources of income.

And some other friends are still trying to trade in crypto to make a profit. Some of them are successful in having daily, weekly and monthly income.

From the stories of my friends, they are really lucky to be able to have their business, to be able to make big profits during the Bitcoin bull run and altcoin season, and to be able to grow their business from the profits they get from investing in Bitcoin and altcoins. I learned from them and just tried so there is still something that needs to be improved.

[Yamane_Keto]

It is difficult to balance the two things, but as the saying goes, fiat money is spent first, so make sure that Bitcoin payments have a high priority in depositing and the last item on the expense list, thus reducing the possibility of spending in Bitcoin, although I prefer to have Bitcoin accepted at your local business as a future investment. Leave cash payment for daily expenses. Results will vary depending on tax rules, trading strategy and your buying and selling of Bitcoin.

[Strongkored]

The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render?

You cannot do it simultaneously, because the income you get from your business in any form, including Bitcoin, must also be used for operational costs so that the business can continue to run and can even develop further. In my opinion, you can only take a small portion of the Bitcoin payment for you to save, while the larger portion is still used to develop the business and as your business grows, the opportunity to get more Bitcoin will become wider so that your Bitcoin savings will also increase. My guess is that you feel the need to save Bitcoin for future profits and that is true, but focusing on developing the business using existing income is the key to success in business.

[Poker Player]

The point is that whether your income is 100% fiat or 100% Bitcoin or a mix, you have to pay for living expenses and then you can save and invest. For me, investing in Bitcoin should be part of an overall wealth building plan in which you have a good emergency fund for contingencies (and that will prevent you from having to sell Bitcoin when there is a downturn in the market). Then, if you do things correctly you will be able to HODL Bitcoin over the long term.

[pinggoki]

I became an active participant in the bitcoin market back when the price was already at 8k USD or something like that so I don't really have to work too hard on hodling my bitcoin because I know that if I just wait for the right time, I would see myself getting the profit from hodling it for so long, I want to be considered by my friends as someone who has a diamond hands so there's that too and I have a job with a decent pay so I am not worried that I would need to sell my bitcoin this early, taking care of my body and working out regularly helps a lot too so I won't be seeing any problems with my health that might compromise my bitcoin hodling.

[GeorgeJohn]

It depends on your plans towards bitcoin and what you want to achieve, because selling what you have to purchase bitcoin meaning that you have a deep passion in bitcoin and since you have a such passion in bitcoin you have to also have a calculation of what you want to benefit in bitcoin also, but people don't acknowledge such, so therefore you will not blame anyone who sells property to hold bitcoin and I believe that holdings of bitcoin is for a personal detriment,

While some people doesn't continue to hold their bitcoin is basically depends on their challenges and also fear because sometimes people sell out of their bitcoin or other coins as result of panic / fear of the market, while what they have in mind is to hold bitcoin within the period of five years or more than five years.

[Vishnu.Reang]

Individuals must have multiple income sources, never depend upon bitcoin only. While spending on Bitcoin, never spend everything. ''Not spending everything'' is not only applicable for bitcoin but also in everywhere where you are planning to invest. And yes, one most prominent thing is that you learn to have patience once you invest in bitcoin. Once you learn to hold bitcoin for the long term it provides several advantages like Bitcoin serves as a secure store of value and provides financial stability in an increasingly digital world. One more thing holding Bitcoin long-term can serve as a hedge against inflation.

[libert19]

If I understand correctly. You want to build a business with BTC, sell products/services and collect the BTC from it. If it's so, first of all not all businesses succeed. If you have got faith in btc, which appears you do, why not just hold onto btc, why make this unnecessary fuss of selling and collecting again?

[angrybirdy]

If I understand correctly. You want to build a business with BTC, sell products/services and collect the BTC from it. If it's so, first of all not all businesses succeed. If you have got faith in btc, which appears you do, why not just hold onto btc, why make this unnecessary fuss of selling and collecting again?

I think there's a lot of possible ways to build a business while securing your btc holdings. People should learn how to earn multiple source of income and if you're planning to build a business, make sure you have a budget for it and that your money will not be diverted to investments.
having a business is important to a person because you'll be able to work in a field that you really want and it gives you a freedom to put your skills and k owledge in terms of what business you want to build, Same as having an investment because it allows your money to outspace inflation and increase its value.

[lovesmayfamilis]

If everyone remembered their lost opportunities in relation to Bitcoin, we would probably have a society of millionaires here. But why regret what is gone? Firstly, ask yourself why you want to accumulate Bitcoin, and what amount would satisfy you to start a business. What is the problem that you sell your bitcoins and understand that the money will go to a business, the profit from which you can return by buying bitcoin again? A person must have a goal, why he needs savings, and what to do with them. Simple hoarding resembles the most common greed, in which all the value and brightness of life turns into useless savings. Don't forget that people have a very limited lifespan.

[blockman]

Fortunate those guys that have other means of investing in Bitcoin. If you've got other business that can support your other goals through Bitcoin and holding it, that's so much better for you guys. Not everyone gets that opportunity to buy for themselves with the use of Bitcoin. But as someone who just buys it casually when I am able and holds it, I'm thinking of until when I am going to hold but upon selling, there's really no point when I'd do want to start selling. As long as I want to hold and sell, that's actually the whole point of my strategy but I am no longer naive of ignoring the opportunities when they come. No more regrets upon selling because we can always buy back whenever we can.

[slapper]

You've come a long way with Bitcoin, huh? I completely understand your perspective. It's a bit like looking back at old photos and thinking, "If only I knew!" However, here's the thing: looking backward won't make you richer, is it? The interesting thing about your narrative is the new ability you have: converting money into additional opportunities. That is progressive

Now, balance is key when it comes to safeguarding your company and storing those priceless bitcoins. It's fantastic that you are already utilizing Bitcoin to invest in your local internet business. But have you given diversification any thought? For example, allocating a certain portion of every Bitcoin transaction for hodling. Consider it to be your "future fund." Reinvest the remaining funds in your company or convert them to fiat currency if needed. In this manner, you're constructing for the future in addition to living in the present

[el kaka22]

Honestly, I would have been a multi-millionaire if I held every bitcoin I had, not that I earned nothing, I did earn some decent amount of money and I have been living full-time bitcoin earner for the past 7-8 years, so I can say that whatever I spent on the last 8 years, was purely from bitcoin income, which must be something close to half 100k or even more dollars give or take, I think something like 130k would be a realist amount to say for the past 8 years.

That alone is good enough amount to say that I did alright, so I do not have much right now, maybe like a few thousand dollars at most, but I did earned that much so far, which should be the key factor here, holding is not a must, as long as you get to make your living from it.

[Razmirraz]

What business do you mean? If the buying and selling business you are running requires large capital to maintain both. But if you provide services to other people such as creating works of art, servicing and car rental services or other rental services, you can maintain Bitcoin without having to disrupt business. You don't need to rush to achieve success, everything takes time and process. What you need now is to run a business consistently to make it easier for you to collect little by little capital to expand your business and collect a certain amount of Bitcoin.

[kingvirtus09]

so far, in my few years here in the crypto space. I don't have any other source of income except for the signature campaign and trading that I do in this industry. And for the other things I earn here, I sell as much as I want to hold in the upcoming bull run or the upcoming halving.

And when my analysis hits on the cryptocurrencies I'm holding now, I'll get an investment in my small business builder that I also want somehow. Because it's still different when you have a traditional business as a source of income.

[KiaKia]

Most of the money I made locally goes for bills at home and some of this money goes back into Bitcoin every month, I also have a knowledge about Bitcoin trading which I only take into action when the market is bullish, especially those buy the rumour sell the news events, although not all worked out well.

Having at least a source of income is very important before investing money into anything, think about your survival first, to avoid getting drained out by Bitcoin investment is why having a job or source of income is good.

It's not easy to be a Bitcoin holder and I believe those who held their Bitcoin for the last years have something they are doing that's bringing them money, it's hard to live a life of someone who is making too small money while you are sitting on good amount of money in your Bitcoin wallet.

[Wapfika]

If I understand correctly. You want to build a business with BTC, sell products/services and collect the BTC from it. If it's so, first of all not all businesses succeed. If you have got faith in btc, which appears you do, why not just hold onto btc, why make this unnecessary fuss of selling and collecting again?

I think his point here is how to maintain business and at the same time hold Bitcoin in long term. Not literally selling his Bitcoin for business but rather sustaining his Bitcoin holdings through his business profit. Imo he just use the article as an example which the person sell his Bitcoin at first then later on learn how to hold using the business profit converted to Bitcoin.

The main goal here is the long term accumulation of Bitcoin using the business profit as source of continuous cash flow for his Bitcoin investment.

[TheUltraElite]

If I understand correctly. You want to build a business with BTC, sell products/services and collect the BTC from it. If it's so, first of all not all businesses succeed. If you have got faith in btc, which appears you do, why not just hold onto btc, why make this unnecessary fuss of selling and collecting again?

Running a business in BTC and holding BTC or cycling it between high and low are two different things. A business is making a income per month and the owner might decide to try some of it into speculative trading, that is where the question of selling and buying back at low comes in.

Again fiat is not to be ignored. Most countries in this world do not have the facility to spend bitcoins for daily necessities and so you need fiat every damn day. BTC will only be a thing for the future and that too probably side by side with fiat. Hence I always say that the idea of "No fiat" is a far fetched idea.

Also I suggest people to stop following social media influencers like this. Buy bitcoin if you have to, its good but not become someone on the internet told you to, have your own ideals and live by them.

[ndutndut]

What business do you mean? If the buying and selling business you are running requires large capital to maintain both. But if you provide services to other people such as creating works of art, servicing and car rental services or other rental services, you can maintain Bitcoin without having to disrupt business. You don't need to rush to achieve success, everything takes time and process. What you need now is to run a business consistently to make it easier for you to collect little by little capital to expand your business and collect a certain amount of Bitcoin.

I agree with you. Building a business with bitcoin services for me is a bit of a hassle. I don't blame many people for using this opportunity to increase profits. Because on the one hand, in my country, bitcoin is prohibited for buying and selling transactions and services because bitcoin is only a commodity for investment. Maybe if my country already allows it like that there's no harm in trying strategies like the OP said.

But currently the strategy I use is only holding and selling in an effort to manage the bitcoins I have. make purchases in stages so that when my target is reached I sell.

[mvdheuvel1983]

Having at least a source of income is very important before investing money into anything, think about your survival first, to avoid getting drained out by Bitcoin investment is why having a job or source of income is good.

Holding Bitcoin for long term without ever a thought of selling it requires meticulous planning and strategizing. We have the Liberty of having multiple streams of income from that multiple streams of income, one of each can be used for buying bitcoin and putting it in a wallet to hold while the other streams would be used for your daily expenses and daily living. This is the strategy that I have been using although it has not been easy but I am getting the hang of it.

[TakeItEasy]

You don't need to rush to achieve success, everything takes time and process. What you need now is to run a business consistently to make it easier for you to collect little by little capital to expand your business and collect a certain amount of Bitcoin.

Also success comes when we take risks, and we also know without the risks reaching the success would also be difficult and we can be aware of that at any instant we have to take some risky steps ahead.
But this also required some investment for which investment plans would be needed and we also know that if we start some business in real life it also needs an investment. But if we are going to take some loans in real life from our near and dear friend and we take loan from our family members in real life then it would be easy to give them, but if we take it in the way of online working like trading in bitcoin, so it can give a person a massive loss which is unpredictable and which we can't even tell other to help us when we got loss in trading.

[ajiz138]

It is quite easy to maintain your bitcoin, you must be able to have from other sources of income if you only rely on investment or sales of businesses that accept bitcoin then it will be a little difficult because in business the money that comes in must be rotated again to meet the needs of the business it is running.

Because not all countries accept bitcoin including in business services then if caught will break the law, one of the more common your business accepts fiat then profits can be invested in bitcoin - some of the profits to bitcoin some more meet your living needs.

No need to do business to hold bitcoin, you just have to have a large source of income then believe me you can HODL bitcoin long term.

[Accardo]

Now, balance is key when it comes to safeguarding your company and storing those priceless bitcoins. It's fantastic that you are already utilizing Bitcoin to invest in your local internet business. But have you given diversification any thought? For example, allocating a certain portion of every Bitcoin transaction for hodling. Consider it to be your "future fund." Reinvest the remaining funds in your company or convert them to fiat currency if needed. In this manner, you're constructing for the future in addition to living in the present

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business. Most times when I think about it, I'd wonder about the same idea or advice you just coined out. I love the initiative, but can't lie or tell if it'll be possible to achieve that. Because running a business online isn't that easy. So much money still goes back in advertisement and all other expenses regarding my personal lifestyle. That's why I always thought of diversification as building a local internet business, to an extent where it'll yield enough fiat that'll never worry about investing bitcoin into the online global business again. Hence, worrying about keeping some bitcoin aside during these period of building the business can delay, in my perspective, the growth of the business. And, once the process mature it looks quite simple for me to hodl the bitcoin earned through the business. Yet running a successful business. This idea is fueled by the methods at which people can invest into bitcoin. Instead of throwing a whooping amount in purchasing bitcoin. It'll be honorable to earn and stack the bitcoin at same time. Since, it's a great idea, personally, I wouldn't expect it to be achieved easily. But, definitely the stage could be reached some day.

[gunhell16]

What business do you mean? If the buying and selling business you are running requires large capital to maintain both. But if you provide services to other people such as creating works of art, servicing and car rental services or other rental services, you can maintain Bitcoin without having to disrupt business. You don't need to rush to achieve success, everything takes time and process. What you need now is to run a business consistently to make it easier for you to collect little by little capital to expand your business and collect a certain amount of Bitcoin.

I agree with you. Building a business with bitcoin services for me is a bit of a hassle. I don't blame many people for using this opportunity to increase profits. Because on the one hand, in my country, bitcoin is prohibited for buying and selling transactions and services because bitcoin is only a commodity for investment. Maybe if my country already allows it like that there's no harm in trying strategies like the OP said.

But currently the strategy I use is only holding and selling in an effort to manage the bitcoins I have. make purchases in stages so that when my target is reached I sell.

What you say is good; that's why we are not always strong; it's different because we have other sources that can generate money, right? In this topic, it's frequently stated or read that you shouldn't put all of your eggs in one basket. It was at this point in the crypto space that we ought to have grasped this.

The more Bitcoin is outlawed in the nation you are in, the more driven you will be to figure out a means to make ends meet and purchase the items you desire.

[Silberman]

Having at least a source of income is very important before investing money into anything, think about your survival first, to avoid getting drained out by Bitcoin investment is why having a job or source of income is good.

Holding Bitcoin for long term without ever a thought of selling it requires meticulous planning and strategizing. We have the Liberty of having multiple streams of income from that multiple streams of income, one of each can be used for buying bitcoin and putting it in a wallet to hold while the other streams would be used for your daily expenses and daily living. This is the strategy that I have been using although it has not been easy but I am getting the hang of it.

And that is what prevents many people form holding bitcoin successfully, holding bitcoin for years at a time is not something that just happens, it is something we have to plan for, and even those which understand this could fail as they could face significant setbacks that force them to sell their coins, so only the most dedicated holders and the ones that are completely convinced about the potential of bitcoin can hold for that long.

[barisbilgili]

Also success comes when we take risks, and we also know without the risks reaching the success would also be difficult and we can be aware of that at any instant we have to take some risky steps ahead.
But this also required some investment for which investment plans would be needed and we also know that if we start some business in real life it also needs an investment. But if we are going to take some loans in real life from our near and dear friend and we take loan from our family members in real life then it would be easy to give them, but if we take it in the way of online working like trading in bitcoin, so it can give a person a massive loss which is unpredictable and which we can't even tell other to help us when we got loss in trading.

There are risks that must be faced for those who have achieved success and there are many processes they have gone through to be able to achieve the goals they want. Having good planning before making an investment would certainly be very good, because without good planning before choosing to make an investment there is very little chance that we will be successful in the investment we make, but in my opinion, choosing to take a loan to make an investment is not possible. It's wrong, but if we don't know well about the investment we are making, it would be better not to take out a loan, it would be better for us to save the little income we have to be able to invest.

[Negotiation]

Bitcoin is a good decision to invest because if its value increases, it will help to achieve the goal. A new investor always needs to be careful because investment should always be done according to the plan. We all have specific goals dreams wishes and wish list and if you know the importance of an investment plan and invest accordingly then all these goals can be achieved. The first thing you do when creating an investment plan is setting financial goals we all want to be financially stable and we need a steady stream of income. If financial stability is good it will be easier to invest in currencies like bitcoin.

[Lucius]

~snip~

For some people, Bitcoin is simply more of a currency than a means of long-term investment, and it should not be surprising that some people mostly spend everything they somehow earn in Bitcoin, especially if we take the example of signature campaigns in which a large number of forum members actually have an additional source of income which help them to improve their standard of living.

If you have a job where your only source of income is Bitcoin, then you have to spend it to pay living expenses and there is no possibility of holding. Any other option where Bitcoin is just an additional income in addition to the already existing secure income opens up possibilities for long-term investment.

I personally don't feel sorry for any of the sats I've spent over the years, no matter what the price was then compared to today. It is simply wrong thinking that leads nowhere. Even if someone has an income exclusively in BTC and that is his only income, does that prevent him from saving at least 5-10% of that BTC every month?

[Rruchi man]

It is only possible in some countries to make sure that all the income you earn come in btc because of the different perceptions people have of bitcoins. In some countries, bitcoins can easily be used to pay for your product and service because the people in these countries consider bitcoins also a means for transactions, not in countries where due to the difficult economy and inflation, people are making investments in bitcoins as a hedge against inflation, it will be difficult for these people to pay you with their bitcoins.

In trying to have bitcoins, you do not always have to follow the plans of another person, formulate your plans and strategy to make sure that you have bitcoins

[bayu7adi]

If I understand correctly. You want to build a business with BTC, sell products/services and collect the BTC from it. If it's so, first of all not all businesses succeed. If you have got faith in btc, which appears you do, why not just hold onto btc, why make this unnecessary fuss of selling and collecting again?

The possibility is that he needs FIAT urgently to keep the cash flow running smoothly. It's a common occurrence in business, and the challenge arises when holding onto Bitcoin, which may not necessarily guarantee a real profit... it's a significant speculation that still carries risks. When Bitcoin was worth $1, I'm pretty sure many people didn't think about a bullish market for BTC. Some might foresee the future, but it doesn't work universally.

Selling BTC to reinvest relates to the cash flow of the company.... because they can't hold onto profits in a coin that doesn't provide confidence for too long, even though it's quite convincing now. However, in the early days of Bitcoin, everything felt improbable.

[Plaguedeath]

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business.

If your business can make more money than invest in Bitcoin, why forcing yourself to invest in Bitcoin?

As long as you still have an idea or making your business bigger, there's nothing wrong to re-invest into your business. Invest is when you have idle money, but you don't know or have any time to generate more money.

[kentrolla]

Most of us especially this who has been aware and indulged into crypto through some or the other mean would have spent Bitcoin on silly things especially those who are sing it atleast since 2014, to talk about my experience I had purchased a desktop computer in 2016 through the saving I had with Bitcoin which I had actually earned by hodling it after being a part of signature campaign and I never thought Bitcoin would grow like this because back then bitcoin was more widely viewed as peer to peer payment transfer without involvement of third party and I think it was after 2015 Bitcoin gradually started increasing and 2017 changed it forever. Since I regret the moment I used Bitcoin to buy desktop I started invested into other crypto like XRP, Litecoin and ETH back then assuming they would reach same level as Bitcoin but bear market proved me wrong and now I just try to accumulate Bitcoins during bearish season and wait for bull run to cash out.

[ivankoh]

Holding Bitcoin for long term without ever a thought of selling it requires meticulous planning and strategizing. We have the Liberty of having multiple streams of income from that multiple streams of income, one of each can be used for buying bitcoin and putting it in a wallet to hold while the other streams would be used for your daily expenses and daily living. This is the strategy that I have been using although it has not been easy but I am getting the hang of it.

I agree. Investing in bitcoin is absolutely not a gambling game as some people make this mistake. It's a pity, the goal of pursuing dreams and success with bitcoin is not an instant dish, so it is necessary to have a plan, strategy, stable income source first, or diversify income sources to maximize capital resources. A successful strategy must be arranged and organized over a long period of time and throughout. Some people who lose patience find it difficult to pursue success in bitcoin.

[slapper]

It is only possible in some countries to make sure that all the income you earn come in btc because of the different perceptions people have of bitcoins. In some countries, bitcoins can easily be used to pay for your product and service because the people in these countries consider bitcoins also a means for transactions, not in countries where due to the difficult economy and inflation, people are making investments in bitcoins as a hedge against inflation, it will be difficult for these people to pay you with their bitcoins.

In trying to have bitcoins, you do not always have to follow the plans of another person, formulate your plans and strategy to make sure that you have bitcoins

Many nations have yet to adopt crypto. That's their loss, right? Where Bitcoin is as precious as gold for deals, it's easy to make money. Bitcoin is great since it's the future, yet you feel like Midas. Digital, fast, and cool. It may be harder for countries that use Bitcoin to hedge inflation to sell BTC.  Though, our plan is needed. Offer something irresistible. If your product or service is unique and makes people happy, they will gladly give you Bitcoins

When you said not to imitate others' ideas, you were right. Create your own. I always advise them to think big. Use that with Bitcoin? Plan and adapt for each market. Some talk about Bitcoin as the best inflation protection, while others talk about transfers. Always discuss or deal with Bitcoin. Do not forget that having Bitcoins is not enough - you must lead this financial shift. You're best at that, right?

[Accardo]

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business.

If your business can make more money than invest in Bitcoin, why forcing yourself to invest in Bitcoin?

As long as you still have an idea or making your business bigger, there's nothing wrong to re-invest into your business. Invest is when you have idle money, but you don't know or have any time to generate more money.

I'm not confortable reinvesting bitcoin into the business. That's the argument here, as it makes me feel like I'm wasting the sats generated by the business. Similar to the example tweet I posted above. That's why I'd need a second business which can earn fiat, which can be used to invest on ads for my other business, which generates bitcoin. Thereby saving me more bitcoin and on the long run improving my profits. Since, the value of bitcoin keeps increasing. Reinvesting into the bitcoin business with bitcoin like you suggested has both sides of possibilities. First, I don't know how long it'll take the business to stabilize and generate too many bitcoin, such that I'd never worry about the few bitcoin funneled into ads and payment of assistants. Second, it could fasten the journey and drive me speedily to my destination. And because running a business is risky, it's nice to have plan B strategies. That's why I'd welcome a second business idea. To achieve my goal, I've tried several businesses, but to no avail. I'd think, also, about your idea. It's great to push one business to the highest top. I wouldn't have been bothered about this if the fiat is the primary currency the business earns. I can decide to invest in bitcoin, If I wish. Since it yields bitcoin, and the bitcoin it generates goes back to the business leaving me with little bitcoin is my problem. Though, having a business that generates bitcoin is also a proper means of generating bitcoin. Yet it always feels better to have them stacked and saved.

~snip~

Even if someone has an income exclusively in BTC and that is his only income, does that prevent him from saving at least 5-10% of that BTC every month?

No it doesn't stop them, if they don't intend on building or expanding their business. As with the speedy growth of bitcoin, to me, it's not proper to let it slide without holding on the opportunity, which we are sure that bitcoin brings to those who hold. That's why we read and write about it, hence trying different ways of getting this right is also important. I do not regret investing bitcoin to the growth of my online business; blowing it up on ads. It's always difficult to save much when investing or building a business, which you believe would yield you more bitcoin in future. And also fetch you profits through bitcoin.

In trying to have bitcoins, you do not always have to follow the plans of another person, formulate your plans and strategy to make sure that you have bitcoins

Yeah, not everyone who've tried their own ideas can continue devising fresh ideas, without needing helps or contribution from other people. That's the reason I created this thread. I'm not thinking this for the first time because of the tweet I just posted, no. It has been my greatest challenge and the reason I'm losing bitcoin regularly. And, won't stop until, I'd be able to achieve holding all earned bitcoin and spending all earned fiat. As a little drop of water can make much difference in filling a bucket.

[livingfree]

I personally don't feel sorry for any of the sats I've spent over the years, no matter what the price was then compared to today. It is simply wrong thinking that leads nowhere. Even if someone has an income exclusively in BTC and that is his only income, does that prevent him from saving at least 5-10% of that BTC every month?

This.

Everyone has to realize that we can't go back in time and think of all of the sats/bitcoins that we've spent for anything that we've got during that time, whether they're important or not.

We can always save for the upcoming years whether you aim for the bull run or just for another time for cashing out. Remember that Bitcoin should be meant to be used by us but it just evolved the use case of it which is common now as an asset.

I'm not confortable reinvesting bitcoin into the business. That's the argument here, as it makes me feel like I'm wasting the sats generated by the business. Similar to the example tweet I posted above. That's why I'd need a second business which can earn fiat, which can be used to invest on ads for my other business, which generates bitcoin.

That's hard to remove in your mind if that's what you're thinking and I understand where you're coming from since the ones that you've accumulated probably have gone through a lot. But if you make a decision of selling your BTC and reinvesting it to your business, I think that's fine and that's still one use of Bitcoin.

Just don't the whole thing of selling all of it, just take portions of it but if you're not going to contemplate about it and decided then just get to the latter part and find some other ways of making money and get paid in fiat and that's the money you'll reinvest back to your business. That seems a plan for most IMO.

[Mr.right85]

There isn’t any parallel line or strategy to holding bitcoin. It’s a diverse approach that ends in the same goal which is having to hold until you eventually get desired profits from your holding.

It is worth noting that holding isn’t a very easy thing to do. Even as a merchant that offer Bitcoin for a payment media, you still have to put it out for sales on exchanges so you could buy some more products to sale.

It’s business money and as such, it’s got to be in the business almost at all times as, business has got to be running. While you try holding, ensure your not going the extra mile to not satisfy yourself or hurt the business.

[Fara Chan]

I agree. Investing in bitcoin is absolutely not a gambling game as some people make this mistake. It's a pity, the goal of pursuing dreams and success with bitcoin is not an instant dish, so it is necessary to have a plan, strategy, stable income source first, or diversify income sources to maximize capital resources. A successful strategy must be arranged and organized over a long period of time and throughout. Some people who lose patience find it difficult to pursue success in bitcoin.

Losing patience and the difficulty for some people to be successful through Bitcoin are people who also lose their strategy or even don't have a strategy at all when investing in Bitcoin, because patience is also part of the strategy that every investor must have in addition to income and capital resources. So those who experience losses cannot be used as an example to become successful through Bitcoin except only as a lesson for every other investor that investing in Bitcoin also requires patience in order to achieve success.

[Darker45]

I don't know if you can do business accepting Bitcoin payments at the same time hodling those payments. That's effectively taking away capital from your business. I think the best thing to do is to make computations regularly and use a portion of your income to buy Bitcoin. If the Bitcoin payments aren't that much, then you can hodl them. But if they're significant enough that your business is forced to operate only with what's left because you don't want to spend those Bitcoin payments, you're actually hurting your business.

[diminizio]

it's very difficult. I had to delete the Binance application when the price I bought kept going down, or the target had not been reached. if for the long term. This is not up to what percentage increase or how much profit we get, but the target is how many years we will hold the bitcoin. like in the next 5 years is the target, meaning in 5 years when the price is high we will sell it.

[ancafe]

The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

First of all you have to know, does your country legalize bitcoin as an investment asset or not? Because most countries legalize bitcoin as an investment asset and do not allow bitcoin as a legal transaction tool, trying to combine bitcoin into your business may not necessarily be successful, especially since people there are still quite unfamiliar with bitcoin. Simply put, if you intend to hold bitcoin in the long term then you must have another budget to support your business and a steady income because trying to play investment patterns in the short term to generate profits is not easy.

People who have financial power do not make profits from one door and that is why their financial power gets stronger. If you only expect profits from Bitcoin while you don't have other sources of income, it will be difficult for you to keep up. Someone who is at a stage like this will usually choose to hold bitcoin for the long term and they will look for other sources of income to support the business.

[jaberwock]

Fortunate those guys that have other means of investing in Bitcoin. If you've got other business that can support your other goals through Bitcoin and holding it, that's so much better for you guys. Not everyone gets that opportunity to buy for themselves with the use of Bitcoin. But as someone who just buys it casually when I am able and holds it, I'm thinking of until when I am going to hold but upon selling, there's really no point when I'd do want to start selling. As long as I want to hold and sell, that's actually the whole point of my strategy but I am no longer naive of ignoring the opportunities when they come. No more regrets upon selling because we can always buy back whenever we can.

But, how can you ever invest in BTC if you don't have them? Before we invest, we should only make sure that we have sufficient money outside, that can sustain our needs, so that we won't touch our assets and be more successful on it. It's not necessary to have other sources of income but if you have them already, then that was great as that can allow you to invest more and be more confident.

Planning or setting a goal must also be there, so that we won't be confused if we should continue hodling or sell now. The only way we can regret selling our coins, is if we sell them at a loss. Unless if you also do that on purpose or to something that is more important.

[Winterfrost]

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business.

If your business can make more money than invest in Bitcoin, why forcing yourself to invest in Bitcoin?

As long as you still have an idea or making your business bigger, there's nothing wrong to re-invest into your business. Invest is when you have idle money, but you don't know or have any time to generate more money.

In as much as he thinks his business can earn him more than investing in Bitcoin. He also feels that whatever he gets from his business as a profit, instead of saving fiat in the bank, where inflation can affect is so much and the value will reduce over time. He prefers to store the value by investing in Bitcoin.

Many people do this and i am not exempted, since i have no use of my fiat and have enough for emergency and to sort my bills, the next thing is to keep putting my money in Bitcoin. However, am not saying if there are other investment i would venture into it, i can do both the investment and still invest in Bitcoin.

[Lucius]

~snip~

Even if someone has an income exclusively in BTC and that is his only income, does that prevent him from saving at least 5-10% of that BTC every month?

No it doesn't stop them, if they don't intend on building or expanding their business. As with the speedy growth of bitcoin, to me, it's not proper to let it slide without holding on the opportunity, which we are sure that bitcoin brings to those who hold. That's why we read and write about it, hence trying different ways of getting this right is also important. I do not regret investing bitcoin to the growth of my online business; blowing it up on ads. It's always difficult to save much when investing or building a business, which you believe would yield you more bitcoin in future. And also fetch you profits through bitcoin.

In that case, you are in a dilemma as to what brings you more profit - investing the Bitcoin you earn or just holding? Let's take an example if you invested in Bitcoin about 1 year ago when the price was just above $15 000 and if you didn't do anything with that BTC from then until today, you would have more than 100% profit in a very short period of time.

The question arises whether you could have earned more in that period if you had invested the same BTC in your business? Of course, the price of Bitcoin is volatile, but it still somewhat follows a four-year cycle, and those who invested following that pattern were already able to profit very nicely, and if they are patient, they could profit much more.

If we were to go back even further into the past, those who invested in BTC before the great bull run of 2017, and sold during the next bull run, certainly earned as much money as they would not have earned in their entire lives, unless they were among those rare people who they have revolutionary ideas and know how to monetize them.

[Fatunad]

It is only possible in some countries to make sure that all the income you earn come in btc because of the different perceptions people have of bitcoins. In some countries, bitcoins can easily be used to pay for your product and service because the people in these countries consider bitcoins also a means for transactions, not in countries where due to the difficult economy and inflation, people are making investments in bitcoins as a hedge against inflation, it will be difficult for these people to pay you with their bitcoins.

In trying to have bitcoins, you do not always have to follow the plans of another person, formulate your plans and strategy to make sure that you have bitcoins

Would really be that totally depending on where you do live on which there would really be several factors on which it would really be that needing to consider before trying to aim for getting or earning Bitcoin or simply integrating this option on your business on which it isnt really that bad as long it is not prohibited or something allowed then it would really be no problem but if you are living on a country whose really that having that extreme negativity towards Bitcoin then dont expect that it would happen. We could really be able to save up Bitcoin for long term if we wanted to and for sure those Bitcoin OG's into those early years had sold out their coins have really that kind of regret or into those people who had been earning Bitcoin on selling something or in talks of service. It is really just that a matter of holding and trust towards it
because it cant really be denied that holding something which isnt known or heard off wont really be that a new thing.

People would really be just that easily be making out those regrets on the time that they've been seeing that the thing that they are trying to accept had already risen its price or value.
Regret do always come at the end and if you are really that serious on saving up Bitcoin then it would really be that just right that finding up ways or options
isnt really that something impossible if you wanted to.

[Frankolala]

Bitcoin and fiat goes hand in hand, so there is no way that one will set up a business that is strictly on bitcoin payment that some of those bitcoin will not be spend to grow the business and to take care of some monthly expenses. The only thing that I can say is that since the business accepts only bitcoin, you should make your weekly expenses and such amount should be converted to fiat and keep the rest or your profit in bitcoin because it will be impossible to use bitcoin without fiat to run the business.

It is better if you can also have another business on fiat if those bitcoins are very precious to you and you think that selling them is a big loss die to the value in it, but you should also not forget that when you are with only bitcoin, you can't sit down and watch your business run down because you don't want to sell. If you are so mean with your bitcoin, then you shouldn't start up a business when you don't have a means of getting fiat without selling your bitcoin but hodli your coins. If all you income is in bitcoin then there is nothing you can do about it than to convert some fraction to fiat because you must survive.

[knowngunman]

In my country, bitcoin can't be used as a payment currency so I didn't think about creating a business with bitcoin payments. But on the other hand, bitcoin is not popular in my country so if I open a business using bitcoin as payment currency it will have a bad impact on my business. I will focus more on business development and use the most common payments people make so that my products can be purchased easily. If my business is advanced and I can collect a lot of money, that's where I will start buying bitcoin. I think this way is more logical for me than forcing to create a business and accept bitcoin payments

It's not a problem when you sell your product outside of your country, because you can accept and use Bitcoin for global payment. For example today, you have received a payment signature with Bitcoin even working in the Indonesia area, right? So with this situation, I think it's not a big problem so far, except if you sell your product on an online shop where you are restricted just use payment Rupiah. I have a friend who has been selling digital products since 4 years ago, he is fine today, not been banned even he only accepted payment PayPal and bitcoin. Because he sells in outside the country. but even if not accepted his local currency, he still pay tax after he exchange his bitcoin to local exchange. he can still contribute to his country.

I think you are misunderstanding the reply that you quoted. If I'm not mistaken, he's referring to physical business and not online businesses. If you are operating physical business, forcing your customers to make payment with bitcoin will actually have a negative impact on your business. Of course you can introduce it as one of your payment method but enforcing it on customer is not a proper way to expand your business. It'll be easy to do when you are running online businesses. Adopting the most popular payment methods in your area is a great way to make your products accessible to as many people as possible. If Bitcoin is not legal in your country, you need to carefully consider the risks and potential consequences of accepting it as a payment method.

[Lorence.xD]

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business.

If your business can make more money than invest in Bitcoin, why forcing yourself to invest in Bitcoin?

As long as you still have an idea or making your business bigger, there's nothing wrong to re-invest into your business. Invest is when you have idle money, but you don't know or have any time to generate more money.

In as much as he thinks his business can earn him more than investing in Bitcoin. He also feels that whatever he gets from his business as a profit, instead of saving fiat in the bank, where inflation can affect is so much and the value will reduce over time. He prefers to store the value by investing in Bitcoin.

Many people do this and i am not exempted, since i have no use of my fiat and have enough for emergency and to sort my bills, the next thing is to keep putting my money in Bitcoin. However, am not saying if there are other investment i would venture into it, i can do both the investment and still invest in Bitcoin.

That's actually good thinking as you are thinking of your funds to earn more than just save it in the bank. The only thing is, savings could be used for emergency funds for emergency purposes so when you are in need of money, you could simply withdraw money. If you invested your money in a long-term aim or short, when you're gonna leave the market in a red market, seems like you'd just lost some money. If you are going to do this method, it would be better to split your funds into savings and some for investment. That's why it is really important to manage your funds, cause you can lose your money in an impulsive move. Assess your situation first cause not all scenarios are applicable to everyone.

[MFahad]

In as much as he thinks his business can earn him more than investing in Bitcoin. He also feels that whatever he gets from his business as a profit, instead of saving fiat in the bank, where inflation can affect is so much and the value will reduce over time. He prefers to store the value by investing in Bitcoin.

Many people do this and i am not exempted, since i have no use of my fiat and have enough for emergency and to sort my bills, the next thing is to keep putting my money in Bitcoin. However, am not saying if there are other investment i would venture into it, i can do both the investment and still invest in Bitcoin.

We will always think about our profit so we will choose that investment category which offer us more profit. If business is offering someone huge return and there is no associated risk then it's okay to not put money into bitcoin because just wealthy people can carry out two investment at a same time otherwise its not easy because one has to complete his family needs. Bitcoin is more competent asset and will never see defeat because it is used from years but permanent decline never occurs in its price.

If one can afford double investment then there will be no better thing for enhancing your economy but try to save some amount for emergency purpose as we should be ready for each kind of circumstances. It can also be possible to continue a business and utilise some amount of profit from a successful business into bitcoin investment so your money will not only save but will also continuesly increase.

[Kelward]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

You'd have to be very rich in order not to touch the bitcoin that you made from your sales or services, because almost every need in this life requires money to actualize. So it's not your fault if you're not able to meet up with the target of holding every bitcoin, that you made in your business.

We need to survive from the business that we do, so you can't hold your bitcoin, and starve or not meet other primary needs, that'll be an unwise decision. For me it's either to get a second source of income, that can support your expences, so you can be able to hold the bitcoin from your sales. Or you can cut down on your weekly or monthly expenditure, in order to hold the bitcoin, as desired.

[Cryptomultiplier]

I for one, I really think that either one should invest in a DCA strategy and try as much as possible to be consistent and disciplined about it. Or joining a signature campaign of this sort or rendering services of sort on sites that pay good dollars/crypto.
At least the coin, is earned from  side gigs where a few coins can be also channelled toward fulfilling the HODLing plan. It doesn't matter whether the amount used to buy BTC at the time, its value is rewarding over time.

[mirakal]

It is difficult to balance the two things, but as the saying goes, fiat money is spent first, so make sure that Bitcoin payments have a high priority in depositing and the last item on the expense list, thus reducing the possibility of spending in Bitcoin, although I prefer to have Bitcoin accepted at your local business as a future investment. Leave cash payment for daily expenses. Results will vary depending on tax rules, trading strategy and your buying and selling of Bitcoin.

Bitcoin is highly valuable as an asset so make sure to keep more it and spend fiat first as its value will come to depreciate in the long run. Although its undeniable that sometimes we get to spend some of our bitcoin to cover up the expenses in fiat but as much as possible, spend more of your fiat so you can increase the chance of hodling bitcoin. But if you are actually running a business that aims to maximize hodling more of bitcoin, then you can actually accept bitcoin more than fiat from your consumers who actually want to spend their bitcoin that serves like a purpose with fiat.

In addition, by accepting side hustles that pay in bitcoin, that is also a good option to receive bitcoin and proceed it for long term hodling. At least, while you continue to grow your fiat from your business, your bitcoin investment also grows from the side hustles that pay you.

[panganib999]

The thing is that the hardest part of hodling bitcoin is keeping yourself from spending it. Which is why it’s always best to stay employed despite having a sizeable portfolio. This way, you get to continue to have a consistent source of money that you can reliably depend upon without having to spend money that you’ve saved through your bitcoin. Once you’re able to complete this you’re pretty much out of the woods when it comes to bitcoin holding, as everything else will come easy for you.

Oh, and also set a consistent schedule for when you’re going to put money into your crypto wallet. And always make sure you put it on time. This will instill discipline upon yourself which will eventually grow to become your very own habit.

[Accardo]

In that case, you are in a dilemma as to what brings you more profit - investing the Bitcoin you earn or just holding? Let's take an example if you invested in Bitcoin about 1 year ago when the price was just above $15 000 and if you didn't do anything with that BTC from then until today, you would have more than 100% profit in a very short period of time.

The question arises whether you could have earned more in that period if you had invested the same BTC in your business? Of course, the price of Bitcoin is volatile, but it still somewhat follows a four-year cycle, and those who invested following that pattern were already able to profit very nicely, and if they are patient, they could profit much more.

If we were to go back even further into the past, those who invested in BTC before the great bull run of 2017, and sold during the next bull run, certainly earned as much money as they would not have earned in their entire lives, unless they were among those rare people who they have revolutionary ideas and know how to monetize them.

Yeah, it's definitely not an easy decision for me, due to my experience during the previous years. Your idea is both ways, but would want to look it from a fiat generating business perspective. If I had a fiat generating business and invested in bitcoin with those fiat it's a different kind of move compared to when the business generates the bitcoin and when I don't touch the money generated for 1 year, the business won't run anymore, as an example. During those periods of risks I will generate more running the business, compared to what the specific hodled bitcoin will give me in return. Lets say things are bring sorted out like my bills during those period and I have no reason to touch the hodled bitcoin. I'd have more money to show than running the business. Since during the 1 year of running the business it eats up the money too. If you grasp this illustration, you'd see the difference; running the business generates more money, but leaves little money to show, but holding the bitcoin for 1 year would leave me with enough money to show. This entails that the bitcoin doesn't require any more expense for it to grow. While the business requires steady expenses for it to stay relevant. Hence, it's a typical way of saying that the money spent is used in purchasing customers. Because the more the business is functional and maintained, customers increases. Money increases too, but decrease faster, due to maintenance. Then, in terms of the bitcoin profits the higher the hodled bitcoin the bigger the reward in the bull run. That's why I mentioned about the thoughts of seeing how much our long spent bitcoin had become today. If the fiat business was there to supplement, then the profits in bitcoin would have been enormous.

[gunhell16]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

You'd have to be very rich in order not to touch the bitcoin that you made from your sales or services, because almost every need in this life requires money to actualize. So it's not your fault if you're not able to meet up with the target of holding every bitcoin, that you made in your business.

We need to survive from the business that we do, so you can't hold your bitcoin, and starve or not meet other primary needs, that'll be an unwise decision. For me it's either to get a second source of income, that can support your expences, so you can be able to hold the bitcoin from your sales. Or you can cut down on your weekly or monthly expenditure, in order to hold the bitcoin, as desired.

Actually, there are many ways for us to have Bitcoin if we really want and can find a way to do so. Therefore, you don't need to
be rich just to own Bitcoin.

Bitcoin is for everyone who wants to have it; as long as you know the way, you will definitely have it, and then I believe that as you study or learn about bitcoin, you will surely discover how to have it so that you don't take out any money from your hard-earned means.

[Davian144]

I for one, I really think that either one should invest in a DCA strategy and try as much as possible to be consistent and disciplined about it. Or joining a signature campaign of this sort or rendering services of sort on sites that pay good dollars/crypto.
At least the coin, is earned from  side gigs where a few coins can be also channelled toward fulfilling the HODLing plan. It doesn't matter whether the amount used to buy BTC at the time, its value is rewarding over time.

DCA is good for everyone to apply forever if it is for Bitcoin, because Bitcoin's value will continue to exist and will never just disappear if over time there is an increase in Bitcoin users who believe that Bitcoin is good. So it would be very good if we want to continue running DCA while still looking for side income as you said in several ways that can support us in getting income in life, because the implementation of HODLing will not be disturbed when we have side income that can be used for life.

[justdimin]

If your business can make more money than invest in Bitcoin, why forcing yourself to invest in Bitcoin?

As long as you still have an idea or making your business bigger, there's nothing wrong to re-invest into your business. Invest is when you have idle money, but you don't know or have any time to generate more money.

In as much as he thinks his business can earn him more than investing in Bitcoin. He also feels that whatever he gets from his business as a profit, instead of saving fiat in the bank, where inflation can affect is so much and the value will reduce over time. He prefers to store the value by investing in Bitcoin.

Many people do this and i am not exempted, since i have no use of my fiat and have enough for emergency and to sort my bills, the next thing is to keep putting my money in Bitcoin. However, am not saying if there are other investment i would venture into it, i can do both the investment and still invest in Bitcoin.

You could invest in both of them. Think of it this way, you have a business, and you want to buy the plot of land next to yours, that's a good investment for your business, but not like you can just have money out of thin air, assume that you do not have enough to buy that land just yet, that means you are going to save, and what better way to save than keeping it in bitcoin.

So you have to have 10 million dollars, 2 million in cash and you can get 8 million in loan, but you want to get 5 million in cash and 5 million in loan, you make 1 million per year in savings, that means 5 years. If you invest that 1 million into bitcoin, you can get to 5 million in probably 3 years or maybe less. That is how you use both investing into your business but also investing into bitcoin all at the same time. There are plenty of people I know that does this, they earn income, they invest into bitcoin and when it is high enough they use that to grow their business as well.

[Y3shot]

I think some people who sell their stuff by accepting the reason why they don't have that patience of hodling Bitcoin is because maybe their business needed more money for growth. Like I know many business who sell bu receiving fiat they still reinvest the money into  their business,  this is just to make the business gets to a certain level they desire. One thing we should understand about Bitcoin,  it is not every Bitcoin that is for hodling ,  bitcoin is also a currency that people can accept in exchange of goods and services,  so it can be  spent just as every money is been spent.

[Dewi Aries]

I for one, I really think that either one should invest in a DCA strategy and try as much as possible to be consistent and disciplined about it. Or joining a signature campaign of this sort or rendering services of sort on sites that pay good dollars/crypto.
At least the coin, is earned from  side gigs where a few coins can be also channelled toward fulfilling the HODLing plan. It doesn't matter whether the amount used to buy BTC at the time, its value is rewarding over time.

DCA is good for everyone to apply forever if it is for Bitcoin, because Bitcoin's value will continue to exist and will never just disappear if over time there is an increase in Bitcoin users who believe that Bitcoin is good. So it would be very good if we want to continue running DCA while still looking for side income as you said in several ways that can support us in getting income in life, because the implementation of HODLing will not be disturbed when we have side income that can be used for life.

Sometimes as an investor, you still have to be realistic, even though Bitcoin looks so promising, it cannot be separated from price fluctuations. Doing DCA is also not as easy as it sounds, because generally DCA will be ideal for those with a stable income every month. However, that does not mean that those who do not have a stable income cannot DCA, of course they can, but eventually anything becomes hodling because the initial basis for investment is stable income, while clashing with urgent needs will come and cannot be avoided.

I think some people who sell their stuff by accepting the reason why they don't have that patience of hodling Bitcoin is because maybe their business needed more money for growth. Like I know many business who sell bu receiving fiat they still reinvest the money into  their business,  this is just to make the business gets to a certain level they desire. One thing we should understand about Bitcoin,  it is not every Bitcoin that is for hodling ,  bitcoin is also a currency that people can accept in exchange of goods and services,  so it can be  spent just as every money is been spent.

The more Bitcoin you have, the higher the demand in the market and the higher the price of Bitcoin and is considered rare. And generally rare items always have a high selling price. Bitcoin can be accepted by society as long as it is in the right place where people understand and know what Bitcoin is. On the other hand, not all people know about bitcoin, and some countries do not legalize bitcoin as a means of payment for goods and services. They only accept fiat as the only legal transaction tool to use.

[Lucius]

~snip~

What you should try is to find the right balance between how to keep the business stable and profitable, and at the same time to invest at least part of the money in Bitcoin or something else that has the potential to bring you long-term profit. Of course, this is not easy considering that obviously your entire business depends on Bitcoins, which means that you always have to take into account volatility, which can often be much more pronounced than inflation, which affects purchasing power due to inflation.

Is there perhaps a way to try to start another business that would be connected exclusively to fiat and thus have two parallel sources of income, so that you can keep most of the BTC for the long term?

[taufik123]

What you should try is to find the right balance between how to keep the business stable and profitable, and at the same time to invest at least part of the money in Bitcoin or something else that has the potential to bring you long-term profit. Of course, this is not easy considering that obviously your entire business depends on Bitcoins, which means that you always have to take into account volatility, which can often be much more pronounced than inflation, which affects purchasing power due to inflation.

Is there perhaps a way to try to start another business that would be connected exclusively to fiat and thus have two parallel sources of income, so that you can keep most of the BTC for the long term?

of course, it needs good management to implement it.
It is not easy to build a business and make it stable and profitable while simultaneously investing in Bitcoin for the long term.

Then try to connect another business exclusively with Fiat that will provide income to support long-term investment.

______
Just like when I built a real business on livestock farming that earned enough to start another business and build a Bitcoin investment, albeit a small one.
But this is consistently done to build investments from small to large investments.

Parallel income will provide a source of income that can be used for anything, as long as the main business is still running well.

[bitLeap]

The thing is that the hardest part of hodling bitcoin is keeping yourself from spending it. Which is why it’s always best to stay employed despite having a sizeable portfolio. This way, you get to continue to have a consistent source of money that you can reliably depend upon without having to spend money that you’ve saved through your bitcoin. Once you’re able to complete this you’re pretty much out of the woods when it comes to bitcoin holding, as everything else will come easy for you.

Oh, and also set a consistent schedule for when you’re going to put money into your crypto wallet. And always make sure you put it on time. This will instill discipline upon yourself which will eventually grow to become your very own habit.

Let's say bitcoin is savings for our future. I agree, no matter how much we have bitcoin, if we don't have other sources of income, then slowly the existing bitcoin will be drained. We must still have income every month, at least to fulfill our daily needs.
I will not talk about other people, I will talk about me personally. I have a number of bitcoins in my portfolio, that I got from me doing DCA. I'm sure if I didn't have the income, then I would never have the bitcoins. Or if I have any bitcoins, then it will run out because I will sell it to fulfill my daily needs.

[so98nn]

I am doing side hustles to earn my share of Bitcoin that goes into holding. The amount is not huge but it is around $300-$400 per month in BTC. This doesn't include the signature campaign as it is uncontrolled income/ we can lose it anytime. Most of the side hustle includes digital publishing and moderation work at one of the online earning websites. I have the option of using WISE transfers or BTC payout, of course, I have chosen BTC out of my passion and holding intentions.

Since I have acknowledged how it is when we hold for long terms, I bought Ledger Nano and started sending every bit that I earned from online income to the Ledger address. Honestly, this works like a charm. We see the power of sats when they get sent slowly to one destination. It grows!

This doesn't include my primary job salary so I am also not in fear of losing any investment of some kind, this calms me down a lot during Bitcoins fall.

[Odohu]

I for one, I really think that either one should invest in a DCA strategy and try as much as possible to be consistent and disciplined about it.

Indeed the DCA method is a wonderful way of accumulating Bitcoin such that there will be no pressure or desperation. If you have imbibed this habit, you will think more of buying than selling. I had several issues buying Bitcoin before I learnt the DCA method which have come to make the entire process easy for me. Now I buy Bitcoin without worries, the process has become seamless.


I will really recommend the DCA method for anyone starting their journey of building their Bitcoin portfolio especially those who do not have huge capital to invest at once. It is even sweeter for someone with a steady inflow of capital as it offers a unique opportunity for saving a fraction of that fund for the future and Bitcoin is a good choice as it eliminates the possibility of depreciating of assets via inflation.

[Uruhara]

Actually, it is not easy to save the bitcoins collected from each payment at the shop we own. Because of course the bitcoins that are included in payments in our business inevitably have to be converted into fiat. Because the fiat will need to be turned over so that the business continues to run and develop. But I think the steps that can be taken to save some of the bitcoin chunks can still be done. Namely by saving part of our business profits in bitcoin. For example, if in 1 transaction we get a 2 percent profit. Then we can convert 99 percent into fiat and leave 1 percent to save or hold. This can only be done if we are disciplined in saving and setting aside assets that we want to maintain. Sorry if my explanation may be a little difficult to understand or a little off target.

[Peanutswar]

It really depends on how they will see the use of bitcoin even though they wasted a lot of BTC during their times or before the market of the bitcoin is on the lowest point still it matters how they will use it, for short term traders or holders they keep exchanging the price of the bitcoin they have every market pump to gain profit and sell when the dump is near for the cut loss so they keep secure their assets. I don't trust too much with the influencers because its easy to them to say that they don't hold but sooner or later once the price of the bitcoin shows up sure there's another post of them telling another hype that good they bought when the lowest point, use your asset wisely to increase your net profit. Better to focus on yourselfignore the others.

[AicecreaME]

If you're going to sell your products and accept bitcoin as a payment, the only problem I see is when; for example, your product's price is 0.001 BTC and let's say that's $20, but suddenly bitcoin dumped so it became $15. My point is, you're going to have a problem editing your products prices every single time bitcoin dumps and pump since your customer would complain about your price, if that does make any sense.

And to answer your question, I believe for you not to get bored while waiting on another all time high, do something that will keep you occupied, your hobbies for example or another business to accumulate more source of money.

[rachael9385]

Actually, it is not easy to save the bitcoins collected from each payment at the shop we own. Because of course the bitcoins that are included in payments in our business inevitably have to be converted into fiat. Because the fiat will need to be turned over so that the business continues to run and develop. But I think the steps that can be taken to save some of the bitcoin chunks can still be done. Namely by saving part of our business profits in bitcoin. For example, if in 1 transaction we get a 2 percent profit. Then we can convert 99 percent into fiat and leave 1 percent to save or hold. This can only be done if we are disciplined in saving and setting aside assets that we want to maintain. Sorry if my explanation may be a little difficult to understand or a little off target.

You are apparently correct, that business can only go smoothly if only the owner of the business have extra money that he or she will use and buy other things and add to the shop so that the business will continue to flourish.
As a business owner, if you don't always replace things that you have sold out back to the shop, the shop will run dry and no more customers will not go to the shop because no new things inside.
However, it will be more easier if the place the business owner is going to buy things also accept Bitcoin, because if the person does, he or she will not have to sell any BTC or convert from BTC to fiat anymore, the person will just have to click on the send button that's all.

[Accardo]

~snip~

Is there perhaps a way to try to start another business that would be connected exclusively to fiat and thus have two parallel sources of income, so that you can keep most of the BTC for the long term?

There are multiple ways of doing that, but the risk now doubles, because both businesses will suck the generated BTC leaving me with almost little or no BTC. I've tried it myself, as it's the only way out, which I can think about. Hence, I'd need to get pass 3 stages, first would be setting up the fiat business with BTC. Second, working until the fiat focused business never needs btc to run smoothly. Third, the fiat business gets enough money to invest back into the bitcoin business. All these stages can be achieved with few extra hands, then extra years. I could remember building a fiat business in the social media niche, which was growing. But, due to the too much complaints of customers about the rendered services not being good enough. I had to kill the business. And since then I've never built any fiat business with the kind of potential that the above mentioned business had. So, it leaves me with no doubts about the possibility of doing same thing again. Maybe in a different angle. At least as the producer of the product. One thing that made me stop building the fiat business in the past, is that I wasn't the producer, It was a reselling business. I had no power to change or make efforts to provide the quality my customers complained about or wanted. It left me with no option than to quit it.

[traderethereum]

The thing is that the hardest part of hodling bitcoin is keeping yourself from spending it. Which is why it’s always best to stay employed despite having a sizeable portfolio. This way, you get to continue to have a consistent source of money that you can reliably depend upon without having to spend money that you’ve saved through your bitcoin. Once you’re able to complete this you’re pretty much out of the woods when it comes to bitcoin holding, as everything else will come easy for you.

Oh, and also set a consistent schedule for when you’re going to put money into your crypto wallet. And always make sure you put it on time. This will instill discipline upon yourself which will eventually grow to become your very own habit.

Let's say bitcoin is savings for our future. I agree, no matter how much we have bitcoin, if we don't have other sources of income, then slowly the existing bitcoin will be drained. We must still have income every month, at least to fulfill our daily needs.
I will not talk about other people, I will talk about me personally. I have a number of bitcoins in my portfolio, that I got from me doing DCA. I'm sure if I didn't have the income, then I would never have the bitcoins. Or if I have any bitcoins, then it will run out because I will sell it to fulfill my daily needs.

Exactly right. By having income from other places, we can make money so we can meet our daily needs and can also invest in bitcoin. The important thing is that we can still hold the bitcoins we have until the time comes for us to sell them at a high price.
I remember a friend's story several years ago when bitcoin was still under $20k.
He seeks to own more than 5 BTC. At that time, he finally managed to own it and continued to work as hard as he could to make money.
And when bitcoin got its bull run and reached its highest price of $20k, my friend sold his 3 BTC and got more or less $50k-$55k and that was a huge amount of money for him.
And from that money, he took $30k-$35k to prepare for his daily needs and his future while he used the rest of the money to invest in bitcoin and altcoins again. And he repeated that story at a time when bitcoin was hitting a high of $60k.

[CryptopreneurBrainboss]

Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

The best way I could see this been possible is by allocating a percentage of your earners for hodling and making that your investment in Bitcoin while you use the other percentage of your earnings for expenses and reinvesting into your business or building other businesses. Hodling can be easily done when you have income coming from other businesses or sources and you dedicate an amount that you want to be saving for the future.

We're hodling out Bitcoin for profits so if our business is also giving us profits, I don't see a problem with reinvesting our Bitcoin into our business and growing it to a point which it can generate enough profits that'll make it easy for us to be buying Bitcoin and hodling.

Another strategy you can use in hodling your Bitcoin perfectly is when you buy through DCA, this way you won't be out of cash for reinvesting into your business or doing other things as the amount you'll be using to DCA monthly won't be much that'll make you go broke or run out of cash. As you keep building your portfolio, you get more motivated the keep on hodling. When you just started investing in Bitcoin, hodling becomes a little difficult but as you grow in the industry, it get easier.

[Suzume]

Those who hold Bitcoin from 2009 to 2015 the price of Bitcoin was low that time holding don't effect in the economical condition of a holder. But nowadays the price of Bitcoin is increase a lot those who want to hold Bitcoin they suffer a lot specially little investors who investor small amount. They don't have enough capital for invest and after sometime investment they sell their Bitcoin and get small profit. Because of their economical condition and they can't invest that use amount of money for one bitcoin that's why they invest for a small time not for a long term but they try to hold it for long.

[Essential10]

It has come to a new side of capital and sentiment for Bitcoin users. It is known as a secure and technically rewarding cryptocurrency. It is messaging in a technological way to capitalize in a balanced way to provide users with their own control and complete privacy. This can be a good way to create a challenging but rewarding business, where you can develop the skills and growth you need. You must at the same time perform it independently and move in tune with market conditions. Bitcoin can be a good way to trade then on online trading and exchange platforms, and it gives some convenience to your needs and can help you save a lot of seed. It can help you exchange bitcoins in a trusted and secure way, so you can look it up to start trading.

[Silberman]

Those who hold Bitcoin from 2009 to 2015 the price of Bitcoin was low that time holding don't effect in the economical condition of a holder. But nowadays the price of Bitcoin is increase a lot those who want to hold Bitcoin they suffer a lot specially little investors who investor small amount. They don't have enough capital for invest and after sometime investment they sell their Bitcoin and get small profit. Because of their economical condition and they can't invest that use amount of money for one bitcoin that's why they invest for a small time not for a long term but they try to hold it for long.

At least to me that is not really an excuse, holding is difficult for everyone regardless of the amount of money they invest in the market, however even if the benefits are greater for those that invested the most money, you can still get great benefits with bitcoin even if you just invested a little bit of money, for example someone that invested 1k at the bottom which was 15k could get 10 times that amount if bitcoin reaches 150k, and while 10k will not allow you to buy lambos or any other luxurious car, that is still a decent amount of money.

[merekamo]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

Explore other cryptocurrencies or other local businesses, friends. There are just ways or ideas that come up for example every time you make a sale and get paid in Bitcoin, put a small part of it into your hodl savings and, well, hodl. This way, you not only spend the cryptocurrency, but also save it. One thing is, BTC is unpredictable, yes that's been the case for a long time. So, in principle, think of Bitcoin as not just an investment, but as an opportunity to engage with a new market or offer your product to consumers who may only have Bitcoin to spend. Diversify investment ways - Bitcoin is one stream. Explore other cryptocurrencies or local businesses.

[Kelward]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

You'd have to be very rich in order not to touch the bitcoin that you made from your sales or services, because almost every need in this life requires money to actualize. So it's not your fault if you're not able to meet up with the target of holding every bitcoin, that you made in your business.

We need to survive from the business that we do, so you can't hold your bitcoin, and starve or not meet other primary needs, that'll be an unwise decision. For me it's either to get a second source of income, that can support your expences, so you can be able to hold the bitcoin from your sales. Or you can cut down on your weekly or monthly expenditure, in order to hold the bitcoin, as desired.

Actually, there are many ways for us to have Bitcoin if we really want and can find a way to do so. Therefore, you don't need to
be rich just to own Bitcoin.

Bitcoin is for everyone who wants to have it; as long as you know the way, you will definitely have it, and then I believe that as you study or learn about bitcoin, you will surely discover how to have it so that you don't take out any money from your hard-earned means.

Truly there are many ways to accumulate and not touch the bitcoin, that you earn in your business, it's just a matter of thinking outside the box. Although you didn't share any ways that can be helpful to the OP, this would have added to his knowledge of not touching his hard earned money.

As I stated before, in order not to touch the bitcoin that he makes as profit in his business, he must get another source of income to support him, because obviously he's struggling to make ends meet, therefore he's bound to spend his bitcoin on upkeeps.

He can get a second job, work extra hours in his business, learn a new trade as a side hustle, add new features or brands in his business. These are few tips on how he will not take out bitcoin from his business.

[Velemir Sava]

An inspiration from looking at the Twitter link above.

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

Every investment decision should be based on a deep understanding, especially in BTC. because prices can drop unexpectedly. I think it might be time to collaborate with other businesses like the ones you're referring to. This means that we have to look for a payment mode that accepts Bitcoin. but I also still don't know whether the breakthrough can be seen as working so as to create an ecosystem where Bitcoin can circulate between businesses without having to directly exchange it into fiat currency due to the regulatory process, but in my opinion it should be tried even though it is not easy.

[Antotena]

I for one, I really think that either one should invest in a DCA strategy and try as much as possible to be consistent and disciplined about it. Or joining a signature campaign of this sort or rendering services of sort on sites that pay good dollars/crypto.
At least the coin, is earned from  side gigs where a few coins can be also channelled toward fulfilling the HODLing plan. It doesn't matter whether the amount used to buy BTC at the time, its value is rewarding over time.

I thought the OP was asking generally, not limited to opinion of the forum and for that I don't think it's everyone that stays in this forum even know what signature is all about. I agree with your DCA strategy, if I hold bitcoin from any great means. I will continue to that even when the price is low like in bear market, it will strengthen you financially in the bull run when people will be running after the bitcoin price to buy some bitcoin to hold. I will even buy more during this bear market and continue to hold. It might not be easy but holding bitcoin is worth it 100 times than not doing anything at all.

Another thing is to consider during this time is security, it might be as easy as we think but everyday, we have bitcoin spy and thiefs everyday on bitcoin network looking for the next victim to suck their blood and by that I mean to suck away their sats from them. Security of bitcoin is very challenging and if you work to protect it, you must also work to safekeep it against other bad people.

[jaberwock]

I think some people who sell their stuff by accepting the reason why they don't have that patience of hodling Bitcoin is because maybe their business needed more money for growth. Like I know many business who sell bu receiving fiat they still reinvest the money into  their business,  this is just to make the business gets to a certain level they desire. One thing we should understand about Bitcoin,  it is not every Bitcoin that is for hodling ,  bitcoin is also a currency that people can accept in exchange of goods and services,  so it can be  spent just as every money is been spent.

If they prioritize their business over any other things, yeah, they are willing to sacrifice only for the sake of their business. For some people, maybe it works like that, where they treat some of their BTC's as a currency for regular spending, while the other is only dedicated for hodling.

There are also people who only treat all of their BTC as an investment asset. If they need money for spending, they will only use their fiat. They can also be able to sell their BTC early if they don't have a fiat anymore. The number of people who only treat all of their BTC as currency might be lesser than it. This is something that some BTC users are worrying about.

[TheUltraElite]

Those who hold Bitcoin from 2009 to 2015 the price of Bitcoin was low that time holding don't effect in the economical condition of a holder. But nowadays the price of Bitcoin is increase a lot those who want to hold Bitcoin they suffer a lot specially little investors who investor small amount.

Holders from back in 2009 have sold their coins long back. Because they bought at say 50-100$/BTC and after seeing it grow to 200$ they would have 4x or 2x that capital which means they would have booked profits and sold off. So there is no comparison between their time and now time. At present collecting bitcoin is the most important method to grow your bitcoin and not fiat. If you are holding and not spending crypto you are essentially in the profit for when you would sell.

Definitely spend the coins in times of need but try to use fiat maximally for that if possible.

[Negotiation]

I for one, I really think that either one should invest in a DCA strategy and try as much as possible to be consistent and disciplined about it. Or joining a signature campaign of this sort or rendering services of sort on sites that pay good dollars/crypto.
At least the coin, is earned from  side gigs where a few coins can be also channelled toward fulfilling the HODLing plan. It doesn't matter whether the amount used to buy BTC at the time, its value is rewarding over time.

DCA is good for everyone to apply forever if it is for Bitcoin, because Bitcoin's value will continue to exist and will never just disappear if over time there is an increase in Bitcoin users who believe that Bitcoin is good. So it would be very good if we want to continue running DCA while still looking for side income as you said in several ways that can support us in getting income in life, because the implementation of HODLing will not be disturbed when we have side income that can be used for life.

It is true that it is good to use it as a side income while running for life but many people are not used to it and everyone chooses bitcoin for holding. No one can give accurate news about these there is no guarantee how long it will last in the market, but bitcoin is a very reliable currency. As long as bitcoin exists its value will increase and is currently becoming more popular. As the number of bitcoin investors increases bitcoin will rise. Even if DCA invests in strategy it will take a long time to rise to the top.

[bettercrypto]

I remembered when the value of bitcoin dropped to around 190 dollars each. I wanted to buy bitcoin during those times, but that's why I didn't have any bitcoin to buy. I did try to borrow money from my friend at that time, but I failed.

That's why it was a winner when the price of Bitcoin dropped and held when 2017 entered; it spiked 20k in the size of the profit of those who bought and held. So now, I don't want to miss the chance that I have no holdings of cryptocurrencies. So I'm sure I'll make some money during the bitcoin halving and bull run.

[shawonngp]

At this current moment i have no other source of income apart from bitcointalk earning (bounty,airdrop,signature) so definitely it's very hard to hold Bitcoin for the bull run,
Because i need to sell Bitcoin for fiat money then i have to buy daily foodstuffs to survive in my life, But i tried my best to hold in Bitcoin for better living in the future life.

[Bloodseekers]

It is true that it is good to use it as a side income while running for life but many people are not used to it and everyone chooses bitcoin for holding. No one can give accurate news about these there is no guarantee how long it will last in the market, but bitcoin is a very reliable currency. As long as bitcoin exists its value will increase and is currently becoming more popular. As the number of bitcoin investors increases bitcoin will rise. Even if DCA invests in strategy it will take a long time to rise to the top.

If we know Bitcoin is a currency that we can rely on, of course we will try to collect it and hold it until we can make a profit from Bitcoin, everyone uses their own way to collect the amount of Bitcoin they want. If we can do it consistently then we will be able to enjoy the benefits of Bitcoin.
In holding Bitcoin we must not be influenced by the news, we must stick to the goals we have set to be able to make a profit, if we are influenced by other people's news then of course we will not be able to achieve what we have planned.

[Altryist]

Holders from back in 2009 have sold their coins long back. Because they bought at say 50-100$/BTC and after seeing it grow to 200$ they would have 4x or 2x that capital which means they would have booked profits and sold off. So there is no comparison between their time and now time. At present collecting bitcoin is the most important method to grow your bitcoin and not fiat. If you are holding and not spending crypto you are essentially in the profit for when you would sell.

Definitely spend the coins in times of need but try to use fiat maximally for that if possible.

It is quite possible that there are very few people left who hold Bitcoin at such prices. After all, now their profit could be estimated at thousands of percent, and it is very difficult to resist not locking in such a profit, at least some part. And those who are investing in Bitcoin now are clearly counting on x4-x5 and can invest very large capital in this.

Those who invest in Bitcoin now understand that Bitcoin is now a completely different asset than it was more then 10 years ago, now states are interested in it, the United States is interested in regulating cryptocurrencies, this says a lot and therefore such an investment seems more reliable now.

[Fakhrulenclix]

It is true that it is good to use it as a side income while running for life but many people are not used to it and everyone chooses bitcoin for holding. No one can give accurate news about these there is no guarantee how long it will last in the market, but bitcoin is a very reliable currency. As long as bitcoin exists its value will increase and is currently becoming more popular. As the number of bitcoin investors increases bitcoin will rise. Even if DCA invests in strategy it will take a long time to rise to the top.

If we know Bitcoin is a currency that we can rely on, of course we will try to collect it and hold it until we can make a profit from Bitcoin, everyone uses their own way to collect the amount of Bitcoin they want. If we can do it consistently then we will be able to enjoy the benefits of Bitcoin.
In holding Bitcoin we must not be influenced by the news, we must stick to the goals we have set to be able to make a profit, if we are influenced by other people's news then of course we will not be able to achieve what we have planned.

However, it is difficult to implement, everyone certainly has the goal of making a profit, but in our journey of holding Bitcoin, many things happen that are outside of our control.
If we look at Bitcoin price movements since the past, no one should have doubts about better prices in the future, but the negative news and price drops that occur sometimes cause panic.
Plus, urgent needs in real life sometimes thwart the plans we have built from the start.

In an effort to store or maintain Bitcoin for a long period of time, such as planning from the start, there are many things that must first be thought through carefully, including when we first enter this investment we must be prepared with everything so that our goals are achieved.

[vs2014]

In my opinion, if you want to secure your business, you should make a better investment than bitcoin. So it is unwise to take a loan or sell your personal assets for investment. I have seen many people who take out huge loans from banks to buy bitcoin and end up paying huge fines along with the profits. The most profitable in this crypto market are those who have more experience who don't take much trouble to profit from crypto. Because they understand how to trade when and which currency to buy at the right time.

[iBaba]

However, it is difficult to implement, everyone certainly has the goal of making a profit, but in our journey of holding Bitcoin, many things happen that are outside of our control.
If we look at Bitcoin price movements since the past, no one should have doubts about better prices in the future, but the negative news and price drops that occur sometimes cause panic.
Plus, urgent needs in real life sometimes thwart the plans we have built from the start.

In an effort to store or maintain Bitcoin for a long period of time, such as planning from the start, there are many things that must first be thought through carefully, including when we first enter this investment we must be prepared with everything so that our goals are achieved.

Whenever I have the opportunity, I do mention that as one works towards investing in Bitcoin for the long time, he/she should always try the DCA approach in his investment. Especially for those who have small capitals to inject into it. The benefit of using the Dollar cost averaging is that it helps you to monitor the process and changes at the same time. You are able to tell at what point should you add more investments, and at what point should you reduce your investments, even though you have more to invest.

It is good to advise anyone investing into anything including bitcoin to always have some money reserved with hi. For contingency sake. There are things that will likely come up in your life as you move on that are in need of urgent attention and practically unavoidable, one of which can be health related or any other thing else, regardless, one should always have something reserved for contingency and this should be aside from the money you must have kept for your day-to-day upkeep.

Making these,provisions outside your investment will help you to consistently invest with a budget and will help you to manage the investment growth evern more effectively since you don't have to come into the investment funds to solve those force majeures.

[Y3shot]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

[Xampeuu]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

Indeed, at least people who invest must have loose funds so that these funds can settle for years, until they can finally be withdrawn when they have doubled in the future. Most people want to get instant results and that is clearly not possible in the current situation. on the other hand, we must have knowledge about what we are investing in, remembering that without knowledge we will definitely get lost, luck will not come again and again.

[angrybirdy]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

Indeed, at least people who invest must have loose funds so that these funds can settle for years, until they can finally be withdrawn when they have doubled in the future. Most people want to get instant results and that is clearly not possible in the current situation. on the other hand, we must have knowledge about what we are investing in, remembering that without knowledge we will definitely get lost, luck will not come again and again.

before you invest in anything, Ask yourself first if you are willing to invest for short term or long term, If you choose the latter then you should know everything about it, from the history and its potential because you had to put your trust and money to invest. Always remember that there's no easy money and if you want to get instant result in investment which is too good to be true then you have to prepare for the possible consequences of the things that you want to happen.

[EarnOnVictor]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

This is a very good point, and to hold Bitcoin is not something that is difficult, it's just to buy and keep and forget there, but this is tempting at the same time. This is why a good source of income is also advised if you are HODLing. No matter what, HODLing is not like regular investments, and if someone doesn't have a stable income source and believes that he could be HODLing, then such is deceiving himself unless he can overcome the temptation and sort for his money elsewhere.

I'm guilty of this at times too, this is even as my case is that desperate. I have other sources of income, but at times, I am too lazy to draw from those sources for a reason best known to me. For this, little bucks could be withdrawn from my supposed HODLed assets which is not supposed to be so. However, in my case, I make sure that I return the money back in multiples if I later have the chance. Regardless, it still doesn't exonerate me from a bad HODLer, and if the context of HODling must be strictly adhered to, the HODLer must ensure that there are adequate future provisions for the plan so that it would not result in any form of temptation of tempering with it.

[benalexis12]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

You said it right: if you hold Bitcoin in the long term, you cannot have another source of income such as work or business. Because without it, your Bitcoin holdings will eventually be ignored.

Of course, since you have no other source, you will now be forced to take out your bitcoin and convert it to the fiat currency of your country. That's why those who only hold bitcoins are those who actually have another source of income.

[Davian144]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

Someone who has a real source of income will not experience any difficulties in their own life, so it will be easier for such a person when they want to become an investor or trader in the market in any sector. And it is true that someone who has more sources of income in his life will also find it easier to implement Bitcoin hodling because he does not need to sacrifice all his assets to solve every problem that arises in his own life, so every thing that everyone wants to do must have a basis. on their respective sources of income.

Indeed, at least people who invest must have loose funds so that these funds can settle for years, until they can finally be withdrawn when they have doubled in the future. Most people want to get instant results and that is clearly not possible in the current situation. on the other hand, we must have knowledge about what we are investing in, remembering that without knowledge we will definitely get lost, luck will not come again and again.

Apart from the knowledge regarding what we are going to invest in, initial funds are also really needed for this because any investment will not be able to be carried out if there is no initial funds for investment even though a person has studied a lot in terms of science. Likewise, when a person has initial funds and other sources of income for his own life, he must also use the time to study the knowledge of what he will invest in later. So these three have become very important for everyone who wants to comfortably invest in Bitcoin or whatever we like in life.

before you invest in anything, Ask yourself first if you are willing to invest for short term or long term, If you choose the latter then you should know everything about it, from the history and its potential because you had to put your trust and money to invest. Always remember that there's no easy money and if you want to get instant result in investment which is too good to be true then you have to prepare for the possible consequences of the things that you want to happen.

I still think that in this life nothing can be achieved instantly, because every thing definitely requires a process and a way to achieve it. Even if there are things that can be achieved instantly in this life, usually those things will not last long and things that can last a long time are usually not obtained instantly through this life. So it is very important to know about the history of the assets we want to invest in before we decide for short or long term duration, because this is based on our desires and the capabilities we currently have.

[slapper]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

This is a very good point, and to hold Bitcoin is not something that is difficult, it's just to buy and keep and forget there, but this is tempting at the same time. This is why a good source of income is also advised if you are HODLing. No matter what, HODLing is not like regular investments, and if someone doesn't have a stable income source and believes that he could be HODLing, then such is deceiving himself unless he can overcome the temptation and sort for his money elsewhere.

I'm guilty of this at times too, this is even as my case is that desperate. I have other sources of income, but at times, I am too lazy to draw from those sources for a reason best known to me. For this, little bucks could be withdrawn from my supposed HODLed assets which is not supposed to be so. However, in my case, I make sure that I return the money back in multiples if I later have the chance. Regardless, it still doesn't exonerate me from a bad HODLer, and if the context of HODling must be strictly adhered to, the HODLer must ensure that there are adequate future provisions for the plan so that it would not result in any form of temptation of tempering with it.

Although buy, hold, and forget is enticing, it requires financial discipline, right? The narrow line between HODLing as a strategy and financial inertia must be distinguished. Isnt investing in these assets a financial misstep if we believe in Bitcoin's long-term potential?

Its like penalizing yourself for early Bitcoin withdrawals. While not true HODLing, it introduces self-discipline that may assist some investors. Could such a way help investors resist withdrawal? Does it promote Bitcoin savings dips knowing theres a self-tax mechanism? Your story adds dimension to the Bitcoin HODLing narrative, emphasizing the need for personal discipline in cryptocurrency investment.

[Litzki1990]

I have made many investments in the past and sold those investments, I have had losses on my investments as well as gains on previous investments but I have not stopped investing. Earlier investments may have been short-term but now I focus on long-term investments. I have been holding my investments for a long time, and enjoy holding my investments for a long time. Now not only do I hold my investment but when I have money I separate the extra money from the money and invest the extra money. In planning to hold the investment for a long time I think this investment will definitely do me good in future. I'm managing the amount of money needed on the move elsewhere so hopefully I won't need to sell the investment. Since I will not need to sell my investment, hopefully I will be able to hold my investment for a long time.

[Baki202]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

I love all the facts if you don't have a steady income it will be very difficult to hold theri are no other means to source money and their is no magic to perform so has to get money and since their are bills and needs to take care of them their is no choice but to use part of the money already invested in bitcoin, it better to get a job to solve the bills so has to remove the holders eye from the bitcoin and that way it will be easy to hold Bitcoin then. Because money is important and you must spend money every day one way or the other.

[Captain Corporate]

I believe that holding is not really that easy in the end, we are talking about something that should be quite dangerous in the end because we are not living in the 90's or the early 2000's anymore. This is an era where we are talking about something that should be going a bit different in the end, so its going to be quite difficult to handle and should be a bit difficult to achieve. I get it, we are talking about making some money one way or another, but that doesn't mean that we are talking about a much harder economic situation, this is why its a trouble. I think it would be smarter to focus on making more income, that way saving and buying bitcoin and holding money would be better.

[Mate2237]

I create a topic last month in the local board that "if you are not doing anything don't invest in Bitcoin", but you can invest massively when you are an alternative income means of livelihood. Bitcoin investment attract investors to spend them if the people is not doing another thing to support the investment because you must eat and do other things. But whereby the investor is a business man and he investing his profit to invest every week or month and at the end of the year, he would save enough and wait for the next bull market to withdraw his investment.

When an investor has no business to back up the investment then the investment is also in danger.

[Balmain]

Basically, the logic of establishing a model based on selling bitcoins and saving those bitcoins is actually better because it is done all at once. If it were me, I would make a balanced portfolio between fiat and bitcoin. Even if I were only selling with bitcoin, I would sometimes sell the bitcoins I had and balance them with fiat. After all, bitcoin is a volatile currency. I use some of my income to buy bitcoin, I usually set a certain percentage range. In general, savings are bitcoin, fiat money as a minority.

[khiholangkang]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

therefore it is important to have financial management, so that we can divide our money into several sub-needs, even though we only have one income, we can invest too, grateful for people who have many sources of income, collecting and maintaining the bitcoins they have will go a long way easier than people who depend on one income.

A financial strategy in this case needs to be had, for example, 100% divided by 40% needs, 20% emergency funds, 15% cash, 10% investment, or many other variants according to each risk profile in managing finances so as not interfere with bitcoin investments We.

[terrific]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

I have seen that problem with other holders before. They want to hold but they have other expenses that need to be addressed.
What they did was they've sold their holdings and was able to solve and address the problem that they've faced but the consequence, they've lost their holdings or not to consider it a lost but they're able to exchange it for that peace of mind.
You can always get back to holding if you want to.

[boty]

I have seen that problem with other holders before. They want to hold but they have other expenses that need to be addressed.
What they did was they've sold their holdings and was able to solve and address the problem that they've faced but the consequence, they've lost their holdings or not to consider it a lost but they're able to exchange it for that peace of mind.
You can always get back to holding if you want to.

In holding Bitcoin, it would be better for us to do it consistently so that we can achieve the target we have set, but when the investment is underway we experience a situation that we don't want and we need the funds and we have tried to look for other alternatives but haven't found them so we have to Selling the assets we own is certainly not ready for us to invest.

So it is important to be able to prepare funds for expenses that we do not anticipate before making an investment, because by preparing these funds I am sure we will be able to overcome these needs and also will not interfere with the investment we are currently carrying out and also we can enjoy the investment profits that we have been waiting for.

[Oasisman]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

I have seen that problem with other holders before. They want to hold but they have other expenses that need to be addressed.
What they did was they've sold their holdings and was able to solve and address the problem that they've faced but the consequence, they've lost their holdings or not to consider it a lost but they're able to exchange it for that peace of mind.
You can always get back to holding if you want to.

Well, that's still considered under the scope of "invest what you can afford to lose". I've said it many times that the money you put in bitcoin is money that was temporarily lost due to the uncertainty of profit and the high volatility of this asset. Withdrawing it early because of the emergency could only mean 2 things, you'll either lost some of your capital or lost the opportunity to earn huge profit in the next bullrun or ATH.
Always remember that, when you invest you should also have emergency funds and savings so your investments are safe from an unwanted withdrawals.

[siniminomorocomunisakito]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

Indeed, The conditions and situations of each individual will not be exactly the same. What must be there first is the intention and commitment to invest. If it already exists, it is possible that there will be efforts and efforts to make BTC investment materialize, even if it does not immediately achieve what is planned. Like buy BTC using the DCA method and I'm sure you will set aside even a small portion of your income later.

[FinneysTrueVision]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales.


https://i.gyazo.com/5d112e462616872cf02e8cc6eff84ac1.png

https://i.gyazo.com/7b5c9d8d27f07382d3e4345dce7d3ea1.png

I started the same way. It is probably a common experience for bitcoiners. Almost everything that I earned I would immediately spend, gamble it away or invest in some hyped up altcoin. Everything I earned would quickly vanish. There is no special method I used other than choosing not to spend what I have earned. It becomes tempting to spend during bull runs or when there are huge discounts for Black Friday. In the past I would try to rationalize this spending but after some hard lessons I am disciplined enough to keep my spending to less than 1% of my total BTC holdings per month.

[benalexis12]

I believe that holding is not really that easy in the end, we are talking about something that should be quite dangerous in the end because we are not living in the 90's or the early 2000's anymore. This is an era where we are talking about something that should be going a bit different in the end, so its going to be quite difficult to handle and should be a bit difficult to achieve. I get it, we are talking about making some money one way or another, but that doesn't mean that we are talking about a much harder economic situation, this is why its a trouble. I think it would be smarter to focus on making more income, that way saving and buying bitcoin and holding money would be better.

It is not easy to do if you have no other source of income apart from your crypto trading; this is if you still get profit from trading in this field. Unless you live with your relatives or parents, it's fine.

But if you're an independent person, it's really hard for jobless people. But if you have a regular job somehow, you will be able to hold and perform what is called dca here in the crypto space. Or if you have another small business, you can still generate a source of income somehow; it can't be the only source of income in these times, to be honest.

[naikturun]

because it would create competition if he told her in detail.
We often hear influencers always say investing and saving but don't provide details about the type of person who can do this.
believe me, if people already support their families or relatives, it will be more difficult for them to do that than people who have no dependents at all.

[summonerrk]

~~~

Only now, seeing that the market is trending again, and the price of bitcoin is growing again, we understand that bitcoins had to be stored. Once upon a time, a friend threw 0.01 bitcoins to my wallet. I didn't fix it, but paid the phone bill. Today it would be about $380...

There is no need to test fomo and think about the past. Now such a scheme is relevant for sales: save bitcoins when they are cheap and give fiat, and when bitcoins are expensive, then immediately change them to fiat after payment by customers.

[terrific]

I have seen that problem with other holders before. They want to hold but they have other expenses that need to be addressed.
What they did was they've sold their holdings and was able to solve and address the problem that they've faced but the consequence, they've lost their holdings or not to consider it a lost but they're able to exchange it for that peace of mind.
You can always get back to holding if you want to.

In holding Bitcoin, it would be better for us to do it consistently so that we can achieve the target we have set, but when the investment is underway we experience a situation that we don't want and we need the funds and we have tried to look for other alternatives but haven't found them so we have to Selling the assets we own is certainly not ready for us to invest.

So it is important to be able to prepare funds for expenses that we do not anticipate before making an investment, because by preparing these funds I am sure we will be able to overcome these needs and also will not interfere with the investment we are currently carrying out and also we can enjoy the investment profits that we have been waiting for.

Yes, if there are expenses that are coming to us. We have to make sure that we're not going to spend the Bitcoin that we're holding.
Because since it's a common thing these days, there are a lot of problems to be made when someone tries to save his Bitcoin but at the same time, trying to solve the current problem that he's dealing with. It's just so hard to decide when you get on that part.

[red4slash]

~~~

Only now, seeing that the market is trending again, and the price of bitcoin is growing again, we understand that bitcoins had to be stored. Once upon a time, a friend threw 0.01 bitcoins to my wallet. I didn't fix it, but paid the phone bill. Today it would be about $380...

There is no need to test fomo and think about the past. Now such a scheme is relevant for sales: save bitcoins when they are cheap and give fiat, and when bitcoins are expensive, then immediately change them to fiat after payment by customers.

We are given the freedom to do so because after all, when we are already in our assets, we are free to do whatever we want including selling even though in this case I may not be too following even though it is still said to be fomo or whatever it is, I will still hold it a little longer because I am quite sure that the increase will still continue.

But that doesn't mean that I'm intervening in what you're doing because that's your right as long as you feel good about it and you're selling for your needs why not do it, the most important thing is that you're comfortable with it.

[Accardo]

I create a topic last month in the local board that "if you are not doing anything don't invest in Bitcoin", but you can invest massively when you are an alternative income means of livelihood. Bitcoin investment attract investors to spend them if the people is not doing another thing to support the investment because you must eat and do other things. But whereby the investor is a business man and he investing his profit to invest every week or month and at the end of the year, he would save enough and wait for the next bull market to withdraw his investment.

When an investor has no business to back up the investment then the investment is also in danger.

You are getting the idea behind the thread, because in the process of saving up bitcoin, it's worth noting that we, as humans, also have personal needs. Although I understand DCA is great or taking out any amount we know can't be needed and stacking them gradually. But, in the business world, money is needed everyday to keep up with the growth of the business. And I always wondered if, it'll be best to stack bitcoin or keep building a business until it's worth enough money to get us any amount of bitcoin. Take Michael Saylor for instance, I once read he had FUD on bitcoin, but today he's bullish about bitcoin and hodl lots of bitcoin from the money generated by Micro strategy. Bitcoin won't be bullish forever, neither will it remain bearish. Hence, there will always be a window for buying bitcoin. Since, we can't get it at 10 USD anymore, isn't it better we work on a business that'll yield us lots of money, then we can purchase a reasonable amount of bitcoin and hold. Thereby increasing our profits. Than just holding little amount for a long time. Unless the person doesn't have a mindset of increasing their income, they can continue with saving small amounts until it accumulates to a huge amount. The question, remains, how long would that be?

[MFahad]

When planning to hodl bitcoin it is important for one to be able to provide a source of income for provision and to solve problems,  if source of income is not available it is impossible to hodl bitcoin because when their is problem it only the investment people will look on to to get money to solve problems and at the end of it, it will be impossible for hodling Bitcoin to take place. When their is source of income one won't even have the time to depend on the investment.

Bitcoin investment is necessary for those only who have money to accommodate their uses on daily basis otherwise it will become hard to accomplished your needs once you buy bitcoin. If you have salary then investment will not put any burden on you as you will spend your salary on the materials you needed.

I have saw large number of individuals who have little amount of money and then they buy some asset to increase their money but they are then left empty handed. So it is important to buy bitcoin or other asset when you have salary and if you are not a job person then investment become very hard for you to continue for many years.

[Doan9269]

There are many means through which i can choose to hodl by bitcoin Investment, but first i have to realize the kind of Investor I belong, am i holding just for a short time in other to participate in making trade or I've turned it an invest that a hodl over a longer period for my asset value to he maintained, sometimes i use DCA to accumulate my bitcoin holdings and then continue building the portfolio gradually towards having more to hold for a targeted season to sell.

[oktana]

What we keep forgetting is that it is difficult to see anyone who has hoard Bitcoin right from back when it was worth a few dollars till now. The person who got that 14th BTC must have used it, not long after he got it. Of course he must have made profit from it before selling but I can tell that he always traded it. Not just him but many others. So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

[TheUltraElite]

So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

I first saw bitcoin in its 600 - 700$/BTC days and those were some days worth buying bitcoin to be able to sell now. After that we were going only up and never back down to that price. It does feel special to be one of those mid range adopters and I can understand the frustration of the current crypto newbies because they are getting in at much higher prices.

Nevertheless, you have to accept this as it is. Prices often go down maybe not to three digits but worth buying at 20-30k USD if a drop happens again.

Always cycle the money from the high to the low and not get carried away by too low prices to buy at because they are not coming anytime soon.

[YUriy1991]

So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

And in my opinion, it is very natural and normal to see practices like this until now, especially if they are profitable and maximal. Otherwise, there is no such thing as price volatility and fortunately, all markets are basically made up of human behavior and every move up or down in the current trend has resulted in a move and this is also greatly exploited by traders to be able to use either historical support or resistance periods. then to re-predict current support and resistance.

[icalical]

So, don’t regret so much because it really is hard to hold till now. It’s the same way a lot of people will sell if Bitcoin only got a few thousands above what it is worth currently.

And in my opinion, it is very natural and normal to see practices like this until now, especially if they are profitable and maximal. Otherwise, there is no such thing as price volatility and fortunately, all markets are basically made up of human behavior and every move up or down in the current trend has resulted in a move and this is also greatly exploited by traders to be able to use either historical support or resistance periods. then to re-predict current support and resistance.

Yeah, currently Bitcoin market and holder are flooded with Speculator not a sole user, and most of them will definitely sell their Bitcoin if they feel the profit gain in their portfolio is enough. This lead to high market volatility but it is a good thing to attract new people, however all that being said the initial purpose of bitcoin set by Satoshi is to make Bitcoin replace fiat, and this can only be achieved if Bitcoin price is reliable and not as volatile as it is now.

[Ben Barubal]

~~~

Only now, seeing that the market is trending again, and the price of bitcoin is growing again, we understand that bitcoins had to be stored. Once upon a time, a friend threw 0.01 bitcoins to my wallet. I didn't fix it, but paid the phone bill. Today it would be about $380...

There is no need to test fomo and think about the past. Now such a scheme is relevant for sales: save bitcoins when they are cheap and give fiat, and when bitcoins are expensive, then immediately change them to fiat after payment by customers.

  Actually, based on my analysis that I see and do now, it is possible that this week Bitcoin will be 50k until next week. And if there is a correction according to what I see, it is also possible for it to happen by January 2024 until it even reaches 60k, then there will be a correction.

  If you are probably a deep trader and understand the market here on the Bitcoin graph chart, they will probably also see the technical analysis that I saw on this matter. But of course, this is still my prediction about the Bitcoin price movement.

[cozytrade]

There are many strategies through which Bitcoin can be held as an investment. But before investing, you must think about what kind of investment you are ready for. But you can expect good things by holding long-term investments. As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

[Rockstarguy]

As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

You know when investing in Bitcoin you can't really tell when profit can be gained because Bitcoin is unpredictable, so if you are investing bitcoin and you have in mind of taking profit in you own predicted time , you may not really get what you want but when you hodl and waiting for the time when the market will add value it will make your investment to be profitable.

One of the things that usually affect people while investing in bitcoin is when looking up to the investment because their is no flow of money coming from other source. Investing bitcoin it is good their is an available and steady source which money comes in, when this is not available one would always look to the investment.

[bettercrypto]

~~~

Only now, seeing that the market is trending again, and the price of bitcoin is growing again, we understand that bitcoins had to be stored. Once upon a time, a friend threw 0.01 bitcoins to my wallet. I didn't fix it, but paid the phone bill. Today it would be about $380...

There is no need to test fomo and think about the past. Now such a scheme is relevant for sales: save bitcoins when they are cheap and give fiat, and when bitcoins are expensive, then immediately change them to fiat after payment by customers.

That friend of yours was very kind to give you 0.01 btc, and if you haven't sold it until now, its value is high. You're lucky if so; congratulations.
I am currently trading on well-known exchanges to get a profit.

This is one of the main ways for us to make a profit. And there are many choices for me to make in terms of volatility in the short term. And I have seen a lot of things that can really give me earnings, not just for me but also for the rest of us.

[Crypto Library]

There are many strategies through which Bitcoin can be held as an investment. But before investing, you must think about what kind of investment you are ready for. But you can expect good things by holding long-term investments. As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

Dude you don't have to invest all of your fund on bitcoin at once and hold them for long-term. Invest as much you can afford, and before investing you should also ensure that you have available fund to carry of your daily expenses.
So what you can do right now, make a long-term strategy with using DCA(Dollar-Cost Average) method. Like Invest a certain percentage from your salary or income so that can't be affect to lead a normal living. Like you can make a strategy for 5year or 100k goal for bitcoin and start continuous invest for examlpe you can make weekly or monthly 10$(less or more based on your income) investments in Bitcoin. I think this way you don't need to touch on your bitcoin fund. 

[tjtonmoy]

Don't think too much about it. The more you think about it, the more complex it becomes. Simply just work on something physical and accumulate money from that job or business. Then buy Bitcoin and just hodl till you see profits. Creating an online business to accumulate BTC is hard and takes a lot of time.

You can work towards that if you show interest in that particular section. But meanwhile, keep on accumulating bitcoin from other sources. But make sure to invest only what you can afford to lose and the money you have separated only for investment.

[0t3p0t]

Based on what had happen to these early adopters who used Bitcoin as payment method, I realized that hodling 12 years ago might be different if we hodl right now but I know that one thing is for sure, the history will repeat itself so even hodling portions of Bitcoin nowadays does makes any sense if our goal is to achieve the same path in the future..

[G_Besar]

That friend of yours was very kind to give you 0.01 btc, and if you haven't sold it until now, its value is high. You're lucky if so; congratulations.
I am currently trading on well-known exchanges to get a profit.

This is one of the main ways for us to make a profit. And there are many choices for me to make in terms of volatility in the short term. And I have seen a lot of things that can really give me earnings, not just for me but also for the rest of us.

The amount given is quite a large amount and is also large in my opinion because there are many people who are still struggling to collect that much Bitcoin at this time. So at least it can really be used better by the recipient so that those who receive Bitcoin in such a large amount can continue to benefit in any way so that the gift is not in vain. Although just saving it is also good enough considering that Bitcoin is a very good asset to save and is considered a long-term investment for everyone without having to place it in trading.

[Franctoshi]

Another way which you can run your business using Bitcoin and at same time, HODL is, think about saving any/those profits you would realize from selling your products in Bitcoin while your capital still runs your business and without any interruption and in the case of a Bear market where we would have Bitcoin crash in price and this might worry your business in terms of value. This way, you will no longer miss out in your target of HODling some amount of Bitcoin you've wished to hold.

[boyptc]

Based on what had happen to these early adopters who used Bitcoin as payment method, I realized that hodling 12 years ago might be different if we hodl right now but I know that one thing is for sure,

We are not sure about that.

There can be slips and moments that we might able to sell most of those when we've seen the peak and thought that it should stop there. It's going to be a different story but we'll never know for sure what actually is going to happen by that time.

the history will repeat itself so even hodling portions of Bitcoin nowadays does makes any sense if our goal is to achieve the same path in the future..

It does makes sense and have proven that all over these years.

[Mame89]

There are many strategies through which Bitcoin can be held as an investment. But before investing, you must think about what kind of investment you are ready for. But you can expect good things by holding long-term investments. As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

All investment strategies depend on how each of us manages them. I am also a small trader, the strategy I am currently using is to apply the DCA method as the basis for my investment. Indeed, my goal is for the long term, but sometimes I also have urgent needs so I have to sell some bitcoins to cover my needs, but of course I sell them if I make a profit, and I leave the rest for the long term.

However, I still use the DCA method even though I have to sell because of an urgent need. The point is that I continue to do this until the target we want is achieved. I also consider bitcoin investment as saving money because I don't believe in banks, I only use banks for transaction needs. That's why it's important to look for additional income so that your long-term Bitcoin investment is maximized and not disturbed when there is an urgent need.

[DeathAngel]

To change your mindset & ensure you HODL Bitcoin it's important to focus on a few key aspects. Educate yourself about the long term potential & benefits of Bitcoin, get to understand its underlying technology & the market trends. Try to practise disciplined investing by setting clear goals & sticking to your investment strategy. Avoid being swayed by short term market fluctuations & FOMO. Try to surround yourself with a supportive community of like minded individuals who share your belief in Bitcoin's potential. By adopting a long term perspective, staying informed & remaining committed you can strengthen your resolve to HODL.

[someone703]

Don't put all your eggs in one basket, even if that basket is made of digital gold. Set aside a chunk of your earnings for Bitcoin, then use the rest to fuel your business beast. Think of it as a tag team – your business keeps the lights on, while Bitcoin waits patiently for its big payday.

Don't go all YOLO on Bitcoin. Instead, be like a steady rain, drip-dripping that DCA goodness into your account every month. This way, you avoid the emotional rollercoaster of big buys and ensure you're always building your stack, even when the market's throwing a tantrum.

[darkangel11]

It's typical that he did not hold at the time. Not many people knew what bitcoin could become and most were just hoping for it to reach x2 so they can sell with enormous profit. Would you blame them? For a normal investor who comes from stocks into bitcoin, a 10% move in a day is like a blessing because they sometimes don't make 10% in a year of holding stocks. A 50% jump that wasn't uncommon for bitcoin was like euphoria.
I also sold my first bitcoin when it gained 20% or something like that. I thought it's all about getting more fiat money fast so I could party. Holding grows on you when you realize that 20% is nothing and you should aim for the stars.

[AnonBitCoiner]

You said it right: if you hold Bitcoin in the long term, you cannot have another source of income such as work or business. Because without it, your Bitcoin holdings will eventually be ignored.

Of course, since you have no other source, you will now be forced to take out your bitcoin and convert it to the fiat currency of your country. That's why those who only hold bitcoins are those who actually have another source of income.

Accurate point when someone hold bitcoin and now his condition is not stable then surely there will be no other way to get money for Daily expenses so I believe that those will be successful who buy bitcoin with spare amount and still he can manage his home activities with his salary. I think that investments isn't necessary if a person cannot fulfil his requirements first because when a person has little amount and he uses it for investment then how he will eat and dress well?

Eat well, dress well and if you have some amount remaining at the end of a month from your salary then surely put it into an investment tool otherwise don't put yourselves in hazards. Some people think that if they don't have job then they will earn through bitcoin but I think that bitcoin do not give you monthly income and you can also not take your money when the situations are not favorable therefore if you have income then choose bitcoin but if you have no other source then keep work hard and find a job after which everything will become easy for you.

[bettercrypto]

There are many strategies through which Bitcoin can be held as an investment. But before investing, you must think about what kind of investment you are ready for. But you can expect good things by holding long-term investments. As I am a small trader it is very difficult for me to hold Bitcoin for a long period of time. Because it depends on me to provide money to manage my family. So it became mandatory for me to sell bitcoins to procure daily necessities. But I want to make myself financially independent. Constantly struggled with how to successfully hold long-term bitcoin investments.

All investment strategies depend on how each of us manages them. I am also a small trader, the strategy I am currently using is to apply the DCA method as the basis for my investment. Indeed, my goal is for the long term, but sometimes I also have urgent needs so I have to sell some bitcoins to cover my needs, but of course I sell them if I make a profit, and I leave the rest for the long term.

However, I still use the DCA method even though I have to sell because of an urgent need. The point is that I continue to do this until the target we want is achieved. I also consider bitcoin investment as saving money because I don't believe in banks, I only use banks for transaction needs. That's why it's important to look for additional income so that your long-term Bitcoin investment is maximized and not disturbed when there is an urgent need.

All of us here in the community are looking for an opportunity to make a profit in the field of crypto. And this forum platform provides guidelines for us to get there by learning about Bitcoin, cryptocurrency, trading, and participating in the offerings that are here.

And while we study things like trading, of course we do the DCA on cryptocurrencies that we think can give us future earnings too.
We also knew that trading is not that easy to do in the actual trade platform.

[Furious 7]

Don't put all your eggs in one basket, even if that basket is made of digital gold. Set aside a chunk of your earnings for Bitcoin, then use the rest to fuel your business beast. Think of it as a tag team – your business keeps the lights on, while Bitcoin waits patiently for its big payday.

Don't go all YOLO on Bitcoin. Instead, be like a steady rain, drip-dripping that DCA goodness into your account every month. This way, you avoid the emotional rollercoaster of big buys and ensure you're always building your stack, even when the market's throwing a tantrum.

I like the analogy you said and indeed it could be a good thing when we can encourage business and be able to invest in bitcoin as one of the future investments because after all this is a very worthy thing to do because even if the goal is to organize a good future but at least it can be a differentiator between ourselves and others because being in bitcoin even though it is not a necessity but when we know what is contained in bitcoin then we definitely make this as a tool for investment.

On the other hand DCA is also quite important if we want to find a feasible strategy for collecting bitcoin because after all, even though collecting a lot of bitcoin is something that can be profitable but in the end we also need to keep our current financial condition stable so that if in the end we cannot buy large at one time then DCA is the best choice to do.

[Mr.right85]

And while we study things like trading, of course we do the DCA on cryptocurrencies that we think can give us future earnings too.
We also knew that trading is not that easy to do in the actual trade platform.

DCA though it might apply, it’s not some strategy that is very peculiar with altcoins (you might not have said altcoin but, having to use a more broad name like cryptocurrencies; it gives the altcoin picture) as, most altcoins still have low price. High price coins like Bitcoin is the reason why most individuals practice DCA to gradually accumulate until it becomes something of utmost value.

One means to hold successfully is by having other streams of income. These becomes the support that enables you not to be tempted to sell even in the worst market condition. It ensures your plans for your coin gets materialized.

[shinratensei_]

earn through altcoin and save it to bitcoin, this is most feasible way so far for me, might differ for other people but this way easily double your long term profit.
also, this way you are not worrying about selling the bitcoin since it acts like your investment you can be waiting for as long as it can to get the most of the bullish market, therefore would work out so well for your long term investment.
i believe there are many people that are also doing the same trading in altcoin, doing some airdrop and save the final result in bitcoin, but some people might not favour it because the volatility of bitcoin that sometime indeed affect the overall situation of our portfolio but then again if our vision from the start is to hold it until it reaches the all time high we aren't gonna be fazed by such thing instead we just continue to hold it for even longer term.

[itorai]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

Ok here I have a little story from my colleague who experienced this, so my friend likes to mine btc and he is also an online businessman.
Initially he built an online business and he found advertisements related to btc (initially) and he was interested then he mined it and invested a little of his income in btc a little I pinched him when he was successful, so I saw that some of the proceeds from his online business he set aside to save dibtc because according to him if he relied on mining alone it was not enough so he took the initiative to do it in his own way. Don't forget to exchange it when he gets profit, and save it back there.

[Jating]

earn through altcoin and save it to bitcoin, this is most feasible way so far for me, might differ for other people but this way easily double your long term profit.
also, this way you are not worrying about selling the bitcoin since it acts like your investment you can be waiting for as long as it can to get the most of the bullish market, therefore would work out so well for your long term investment.
i believe there are many people that are also doing the same trading in altcoin, doing some airdrop and save the final result in bitcoin, but some people might not favour it because the volatility of bitcoin that sometime indeed affect the overall situation of our portfolio but then again if our vision from the start is to hold it until it reaches the all time high we aren't gonna be fazed by such thing instead we just continue to hold it for even longer term.

I think I have done this strategy before, I have an altcoin that really goes off and I was lucky to hold then. But I sold everything in 2018 before the collapse around March and subsequent bear market and put that into BTC and I'm so happy that I made that decision and just HODL on it and sell everything when necessary.

But I think majority here might have been started to really accumulate Bitcoin in the beginning and a hard nitty and grind like every week to buy and do DCA. But in the end, it's up to our strategy and how it fits our budget. The most important thing is that you have that mental toughness to stick to your goal of accumulating bitcoin as much as you can and sell them on top.

[Mauser]

The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

I think there are two parts to the story. The first one is having a successful business that generates profits. It doesn't really matter if these profits are being generated in Fiat or crypto currencies. We can always just trade our profit into the currency or coin that we need. The same goes for paying expenses and taxes, any liquid crypto coin can be converted back to fiat to pay the bills. The second part to the story is what we are doing with our profits. Assuming that our business has enough capital and we are not interested in reinvesting our profits, or planning new projects, we can just trade or hodl cryptos. It's a basic calculation to compare the return we make each year with our crypto portfolio, and how much return our business generates. As long as we don't lose any money in trading that is necessary to run our business, I don't see problem with. Also treating the two separately helps to focus on the profitability and to maximize our profits.

[tbterryboy]

Don't put all your eggs in one basket, even if that basket is made of digital gold. Set aside a chunk of your earnings for Bitcoin, then use the rest to fuel your business beast. Think of it as a tag team – your business keeps the lights on, while Bitcoin waits patiently for its big payday.

Don't go all YOLO on Bitcoin. Instead, be like a steady rain, drip-dripping that DCA goodness into your account every month. This way, you avoid the emotional rollercoaster of big buys and ensure you're always building your stack, even when the market's throwing a tantrum.

I think the phrase implies that we shouldn't all-in in one asset but we must diversify to cut risk and maybe increase our profit potential. I mean it's not about the basket or the storage where we put our assets. But, even if it's made of gold or we think it's very secure, we still can lose our money if the assets that we pick and put there are not good enough.

Diversifying isn't only limited to the different assets, but we should also diversify our money outside. You already gave one example there. Having a business is still tough, and not all can do it, therefore they just keep the extra money instead, so that they can have something to use in case they need something.

[Dimitri94]

~snip~

In my country, bitcoin can't be used as a payment currency so I didn't think about creating a business with bitcoin payments. But on the other hand, bitcoin is not popular in my country so if I open a business using bitcoin as payment currency it will have a bad impact on my business. I will focus more on business development and use the most common payments people make so that my products can be purchased easily. If my business is advanced and I can collect a lot of money, that's where I will start buying bitcoin. I think this way is more logical for me than forcing to create a business and accept bitcoin payments

It will totally depend on your environment. No one knows your business better than you. We need money to hold bitcoins. If I have money then I can buy bitcoins and if I don't then I can't buy bitcoins whatever we say. If your business is better with a fiat currency you do so and then take the necessary steps to purchase bitcoins and you can hold the bitcoins. There are many of us who buy Bitcoin and don't have the ability to hold it for long. Bitcoin should not be expected to bring them anything good. An investor must have extra money to invest for the long term and only then he can hold his bitcoins.

[Zanab247]

If I understand correctly. You want to build a business with BTC, sell products/services and collect the BTC from it. If it's so, first of all not all businesses succeed. If you have got faith in btc, which appears you do, why not just hold onto btc, why make this unnecessary fuss of selling and collecting again?

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

Not that he or she don't want to buy BTC, just that he or she what to know if someone can achieve something from such risk, I will advise you to take the risk to buy BTC in this bear run and hodl it for long and you will surely earn a good results at the end.

[Minecache]

earn through altcoin and save it to bitcoin, this is most feasible way so far for me, might differ for other people but this way easily double your long term profit.
also, this way you are not worrying about selling the bitcoin since it acts like your investment you can be waiting for as long as it can to get the most of the bullish market, therefore would work out so well for your long term investment.
i believe there are many people that are also doing the same trading in altcoin, doing some airdrop and save the final result in bitcoin, but some people might not favour it because the volatility of bitcoin that sometime indeed affect the overall situation of our portfolio but then again if our vision from the start is to hold it until it reaches the all time high we aren't gonna be fazed by such thing instead we just continue to hold it for even longer term.

This is a way to increase bitcoin in our portfolio but it is not always as successful and easy as we are talking. Because the movement of altcoins is completely dependent on bitcoin, once bitcoin drops, most altcoins will fall as well. Even if bitcoin only drops 2-5%, many altcoins can drop 20-30%, so how can you increase your bitcoin count when your short-term investment in altcoins is not as expected? I have also tried this method and I only feel it is effective when you really have enough knowledge and skills to analyze and find altcoins with short-term price increase potential. Otherwise, this idea will be very difficult to implement because it is easy to say but not simple to do.

[sulendra12]

Having a fiat company for your economy and use spare of that profit to invest on any other investments method such as Bitcoin is always a dream of everyone who are aware about this kind of thing. But like everyone said, It's not an easy task to do because having a business needs lot of preparation and knowledge as well as experience because it involves money and you don't want to burn your money because the lack of preparation.

Having a fixed offline job would be a best alternative but not everyone into that especially if they can make a "decent" living through crypto trading. But for me it's a sweet spot for now.

[Obim34]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

Not that he or she don't want to buy BTC, just that he or she what to know if someone can achieve something from such risk, I will advise you to take the risk to buy BTC in this bear run and hodl it for long and you will surely earn a good results at the end.

How appropriate can this become selling a fixed assets which will appreciate with time over the years to buy Bitcoin for the holdings. You know purchasing the Bitcoin is not a problem but why sell the land, this is what have rendered most persons into some kind of problem which they still can't come out from. Most hope after the Bitcoin bull dey get to use the capital into buying back the land unknowingly that over the years of holding Bitcoin the price of the land will aswell appreciate. I don't consider land the right property to sell when trying to accumulate Bitcoin.

[slapper]

The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

I think there are two parts to the story. The first one is having a successful business that generates profits. It doesn't really matter if these profits are being generated in Fiat or crypto currencies. We can always just trade our profit into the currency or coin that we need. The same goes for paying expenses and taxes, any liquid crypto coin can be converted back to fiat to pay the bills. The second part to the story is what we are doing with our profits. Assuming that our business has enough capital and we are not interested in reinvesting our profits, or planning new projects, we can just trade or hodl cryptos. It's a basic calculation to compare the return we make each year with our crypto portfolio, and how much return our business generates. As long as we don't lose any money in trading that is necessary to run our business, I don't see problem with. Also treating the two separately helps to focus on the profitability and to maximize our profits.

Financial flexibility has always been important to me. In today's volatile market, fluid fiat-crypto conversion is convenient and strategic. It shows how adaptive firms must be to handle different monetary types while maintaining cash flow

I strongly believe cryptocurrencies can be a good investment and store of value. Besides outstanding gains, being part of a financial revolution is important. Bitcoin, in particular, has shown durability and development potential. While maintaining corporate liquidity, hodling or actively trading crypto with surplus revenues is a good approach. It emphasizes corporate foundation building and new investment opportunities

[MFahad]

How appropriate can this become selling a fixed assets which will appreciate with time over the years to buy Bitcoin for the holdings. You know purchasing the Bitcoin is not a problem but why sell the land, this is what have rendered most persons into some kind of problem which they still can't come out from. Most hope after the Bitcoin bull dey get to use the capital into buying back the land unknowingly that over the years of holding Bitcoin the price of the land will aswell appreciate. I don't consider land the right property to sell when trying to accumulate Bitcoin.

Switching from one investment to another is not a bad decision, if you have complete information about the investment and the right timing. Buying Bitcoin is definitely a problem for people who don't have capital. Buying Bitcoin is not a problem when you have the capital to buy it, so most people invest any other capital in Bitcoin if you have gold and land. There is no doubt that the value of land increases over time, but there is a chance that the price of bitcoin will increase more than land, and the rate of profit is also likely to be many times higher than that of land.

There is risk in Bitcoin compared to land, but given the rate of return we can easily reinvest that land and save a nice profit. One does not necessarily have to sell all of their land and invest in Bitcoin, but there is nothing wrong with investing part of the land in Bitcoin investment.

[boty]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

Not that he or she don't want to buy BTC, just that he or she what to know if someone can achieve something from such risk, I will advise you to take the risk to buy BTC in this bear run and hodl it for long and you will surely earn a good results at the end.

How appropriate can this become selling a fixed assets which will appreciate with time over the years to buy Bitcoin for the holdings. You know purchasing the Bitcoin is not a problem but why sell the land, this is what have rendered most persons into some kind of problem which they still can't come out from. Most hope after the Bitcoin bull dey get to use the capital into buying back the land unknowingly that over the years of holding Bitcoin the price of the land will aswell appreciate. I don't consider land the right property to sell when trying to accumulate Bitcoin.

It's not the right choice if we sell real assets to collect Bitcoin, because pushing ourselves too hard in investing can make us make inappropriate decisions in the investments we make, but it would be better for us to collect the remaining income we have after meeting our needs. what we need for a month.
Yes, you are right, when we sell land to collect Bitcoin, it is very impossible for us to buy the land at the same price when we have made a profit from the investment we made, of course we have to pay a higher amount when we want to buy it back.

[Albarq]

Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.


https://i.gyazo.com/5d112e462616872cf02e8cc6eff84ac1.png

https://i.gyazo.com/7b5c9d8d27f07382d3e4345dce7d3ea1.png

I think I am very optimistic about future progress by becoming participants in the bitcoin market by save it. We are already thinking about the future and positive thinking is better. With initial planning, achieving our desires can easily come true by running a business that produces Bitcoin. We must also have other sources of income to supports it all.

[kotajikikox]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

[Onyeeze]

Some persons invest in Bitcoin based on they have known the rudiment of it right from time so I believe that investing in Bitcoin or holding it for long time is based on their understanding on it and a new investor in Bitcoin does not hold bitcoin for long time because you do it does not have the confidence in Bitcoin so the people that invest in Bitcoin and hold it for long time is people that knows actually or to bitcoin is all about so I don't think that we need to be afraid of holding bitcoin for long time but some people who does not understand Bitcoin do be afraid because they have not mastered the system

[batang_bitcoin]

While that guy saying no to fiat. He's on a good state where he can earn and pay things 100% in Bitcoin. While the rest of us can't do that because we're on different places and there's not that much acceptance and adoption of Bitcoin. IMHO, that's actually a better situation for people like me to hold more. The challenge that holding bitcoin and spending it makes me want to hold it more because of the lesser adoption wherever I go and I find it as something good for myself but not entirely for the community.

[legendbtc]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

Everyone has their own investment vision, but I also want to say that selling real estate to invest in bitcoin is too risky and not recommended, if not a stupid idea. We were on a bitcoin forum and many people became so crazy about bitcoin that they knew nothing else but bitcoin. Many people will support this idea but if we show this idea to financial advisors or economists, they will say we are stupid.

The potential of real estate is not inferior to any investment, including bitcoin. In addition to increasing in value every year due to demand, it can also create a passive income stream. Only people who don't have money to own real estate think that investing in bitcoin is safer and better than real estate.

[lixer]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

And there are different kinds of investors too. One of it is already described by him. Even though BTC isn't alone to be like that, some people can't help but to sell their assets only to transfer to it. It's like they see something to it that they can't see on their previous investments . It already come to you that investing in land or in real estate is country dependent, therefore I won't judge those people easily but as long as it was their own and it's already fully paid, just in case they obtain it a more negotiable way. The point of investing is to sell for profits, so there will always be a time for us to sell our land. Maybe we can't get it cheaply anymore but the thing is, we can still sell them higher.

[stomachgrowls]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

And there are different kinds of investors too. One of it is already described by him. Even though BTC isn't alone to be like that, some people can't help but to sell their assets only to transfer to it. It's like they see something to it that they can't see on their previous investments . It already come to you that investing in land or in real estate is country dependent, therefore I won't judge those people easily but as long as it was their own and it's already fully paid, just in case they obtain it a more negotiable way. The point of investing is to sell for profits, so there will always be a time for us to sell our land. Maybe we can't get it cheaply anymore but the thing is, we can still sell them higher.

There would really be those missed opportunities just because they had sold out earlier but well profits is profits on which this is something that would really be that more important, it just turned out that it was really just that too early on selling out but well there's nothing we can do on which whats done is done. It would really be giving out that kind of regret feeling if you do find yourself that being too mindful of the past.
There are really people who would really be continuing on trying out to deal up with stuffs on which they would really be having in mind that what if they did able to hold up their assets?
As for those who had been holding until now after how many years or lets say a decade then it did really prove out that they are the true OG's. If we do tend to see this roller coaster ride of Bitcoins price movement
then you could really be able to tell that it was never been that an easy thing to make yourself that deal up with volatility and other things that you could encounter in the market.

[Hardyrobust]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

Not that he or she don't want to buy BTC, just that he or she what to know if someone can achieve something from such risk, I will advise you to take the risk to buy BTC in this bear run and hodl it for long and you will surely earn a good results at the end.

How appropriate can this become selling a fixed assets which will appreciate with time over the years to buy Bitcoin for the holdings. You know purchasing the Bitcoin is not a problem but why sell the land, this is what have rendered most persons into some kind of problem which they still can't come out from. Most hope after the Bitcoin bull dey get to use the capital into buying back the land unknowingly that over the years of holding Bitcoin the price of the land will aswell appreciate. I don't consider land the right property to sell when trying to accumulate Bitcoin.

It's not the right choice if we sell real assets to collect Bitcoin, because pushing ourselves too hard in investing can make us make inappropriate decisions in the investments we make, but it would be better for us to collect the remaining income we have after meeting our needs. what we need for a month.
Yes, you are right, when we sell land to collect Bitcoin, it is very impossible for us to buy the land at the same price when we have made a profit from the investment we made, of course we have to pay a higher amount when we want to buy it back.

Bitcoin investment is one of the most profitable investment you can ever think of.for someone  who sold of his land  and invest the whole  money in buying Bitcoin that is lump sum buying maybe the person doesn't have any other source of income. I would advise the person should go for DCA instead of lump sum so that the person can be able to accumulate a large amount of Bitcoin in his /her holding and hold for long time until Bitcoin hit it's bull  run.

[G_Besar]

Bitcoin investment is one of the most profitable investment you can ever think of.for someone  who sold of his land  and invest the whole  money in buying Bitcoin that is lump sum buying maybe the person doesn't have any other source of income. I would advise the person should go for DCA instead of lump sum so that the person can be able to accumulate a large amount of Bitcoin in his /her holding and hold for long time until Bitcoin hit it's bull  run.

There is no harm in the advice you say for someone who really wants to invest in Bitcoin. But the option of selling land to buy a larger amount of Bitcoin at once is also not wrong as long as the person still has other land to live on or because the money he has has been used for other things. Because there are also people who already own more land, but still don't have Bitcoin as an investment, so they choose to sell one of their lands to be able to invest in Bitcoin. Something like that is also not wrong to do, especially if the person made a plan like this at the beginning of last year when Bitcoin was still very low.

[DabsPoorVersion]

Bitcoin investment is one of the most profitable investment you can ever think of.for someone  who sold of his land  and invest the whole  money in buying Bitcoin that is lump sum buying maybe the person doesn't have any other source of income. I would advise the person should go for DCA instead of lump sum so that the person can be able to accumulate a large amount of Bitcoin in his /her holding and hold for long time until Bitcoin hit it's bull  run.

There is no harm in the advice you say for someone who really wants to invest in Bitcoin. But the option of selling land to buy a larger amount of Bitcoin at once is also not wrong as long as the person still has other land to live on or because the money he has has been used for other things. Because there are also people who already own more land, but still don't have Bitcoin as an investment, so they choose to sell one of their lands to be able to invest in Bitcoin. Something like that is also not wrong to do, especially if the person made a plan like this at the beginning of last year when Bitcoin was still very low.

That's true. It's just the same as looking for other options on how to maximize profit on investment. If keeping the land as investment, it would probably take a lot of time before making a profit. This includes the waiting time to sell the land. Compared to investing in Bitcoin, just like you said, last year when the price is still low, it's a good decision as the value of it would be doubled by now which only took a few months.

[God bless u]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

Everyone has their own investment vision, but I also want to say that selling real estate to invest in bitcoin is too risky and not recommended, if not a stupid idea. We were on a bitcoin forum and many people became so crazy about bitcoin that they knew nothing else but bitcoin. Many people will support this idea but if we show this idea to financial advisors or economists, they will say we are stupid.

The potential of real estate is not inferior to any investment, including bitcoin. In addition to increasing in value every year due to demand, it can also create a passive income stream. Only people who don't have money to own real estate think that investing in bitcoin is safer and better than real estate.

I think that's the perfect opinion on the stupid idea of selling real estate and investing in BTC. There are two major points that can be looked while doing this:

It can be very profitable because sometimes the market pumps very much like the previous bull run of BTc to its higher value ever. If that's the case then it can be very profitable but how to predict that?

There's no surance to the profit in crypto while there is in real state that's why taking that much of risk is a stupid idea.

[martinex]

There is no harm in the advice you say for someone who really wants to invest in Bitcoin. But the option of selling land to buy a larger amount of Bitcoin at once is also not wrong as long as the person still has other land to live on or because the money he has has been used for other things. Because there are also people who already own more land, but still don't have Bitcoin as an investment, so they choose to sell one of their lands to be able to invest in Bitcoin. Something like that is also not wrong to do, especially if the person made a plan like this at the beginning of last year when Bitcoin was still very low.

Wow.. A pretty gutsy plan but I'm sure it would be a balance if we had some land assets of course but if we only had one unit, I doubt we would execute it into BTC even if we were able to navigate this frenetic market.

There's no surance to the profit in crypto while there is in real state that's why taking that much of risk is a stupid idea.

Yeah. if we want to be an investor, it's better to focus on one by one, don't be greedy if it has proven to be profitable, take a break first and enjoy the benefits, and if it's time to just re-enter, want to all in the remaining profits to BTC or add more buy/build property assets again.

[virasog]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

Everyone has their own investment vision, but I also want to say that selling real estate to invest in bitcoin is too risky and not recommended, if not a stupid idea. We were on a bitcoin forum and many people became so crazy about bitcoin that they knew nothing else but bitcoin. Many people will support this idea but if we show this idea to financial advisors or economists, they will say we are stupid.

The potential of real estate is not inferior to any investment, including bitcoin. In addition to increasing in value every year due to demand, it can also create a passive income stream. Only people who don't have money to own real estate think that investing in bitcoin is safer and better than real estate.

I think that's the perfect opinion on the stupid idea of selling real estate and investing in BTC. There are two major points that can be looked while doing this:

It can be very profitable because sometimes the market pumps very much like the previous bull run of BTc to its higher value ever. If that's the case then it can be very profitable but how to predict that?

There's no surance to the profit in crypto while there is in real state that's why taking that much of risk is a stupid idea.

Both real estate and crypto Investments (bitcoins in particular) are totally different type of investments and I don't think that we need to compare them or think which will give us more profits in the long or short run.

I will also never advice to sell your property or your real estate investments for bitcoins even though we know that bitcoin has a 4 years cycle where the pump is mandatory but nothing is certain. Same is the case with real estate business where you will find the up and downs throughout the seasons.

Ideally if you have a lot of money then it will be best that you can have an investment both in real estate and in bitcoins this way you will minimize the risk as if one is getting loss at one side, you will hopefully get profit in the other. This also comply with the statement that "Never put all your eggs in one basket".

[legendbtc]

I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.

You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say.

You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land.

Everyone has their own investment vision, but I also want to say that selling real estate to invest in bitcoin is too risky and not recommended, if not a stupid idea. We were on a bitcoin forum and many people became so crazy about bitcoin that they knew nothing else but bitcoin. Many people will support this idea but if we show this idea to financial advisors or economists, they will say we are stupid.

The potential of real estate is not inferior to any investment, including bitcoin. In addition to increasing in value every year due to demand, it can also create a passive income stream. Only people who don't have money to own real estate think that investing in bitcoin is safer and better than real estate.

I think that's the perfect opinion on the stupid idea of selling real estate and investing in BTC. There are two major points that can be looked while doing this:

It can be very profitable because sometimes the market pumps very much like the previous bull run of BTc to its higher value ever. If that's the case then it can be very profitable but how to predict that?

There's no surance to the profit in crypto while there is in real state that's why taking that much of risk is a stupid idea.

Many investors are making the mistake of only looking at the positive sides of bitcoin and ignoring the risks it can bring to them. I do not deny that the potential of bitcoin is huge and I am also investing most of my money in it. But that doesn't mean bitcoin is risk-free and will always bring us profits.
As a wise investor, we need to know how to make appropriate plans and balance our finances appropriately. Real estate is something that people are looking to own for its potential and long-term value, while we sell them to invest in bitcoin, an asset with potential but volatility and risk is too much.

[CageMabok]

I think I am very optimistic about future progress by becoming participants in the bitcoin market by save it. We are already thinking about the future and positive thinking is better. With initial planning, achieving our desires can easily come true by running a business that produces Bitcoin. We must also have other sources of income to supports it all.

In terms of maintaining and owning Bitcoin for the long term, of course there must be support through other sources of income so that we can maintain and increase the amount of Bitcoin as a future asset in the long term. Nowadays, many people are optimistic about Bitcoin, so many people no longer have any doubts about owning Bitcoin at this time and also consider it as an investment in the future for themselves. And I think that assumption is quite good because with many people starting to be optimistic about Bitcoin, of course this will also affect the value of Bitcoin itself in society.

[ferida504]

In my country, bitcoin can't be used as a payment currency so I didn't think about creating a business with bitcoin payments. But on the other hand, bitcoin is not popular in my country so if I open a business using bitcoin as payment currency it will have a bad impact on my business. I will focus more on business development and use the most common payments people make so that my products can be purchased easily. If my business is advanced and I can collect a lot of money, that's where I will start buying bitcoin. I think this way is more logical for me than forcing to create a business and accept bitcoin payments

It's not a problem when you sell your product outside of your country, because you can accept and use Bitcoin for global payment. For example today, you have received a payment signature with Bitcoin even working in the Indonesia area, right? So with this situation, I think it's not a big problem so far, except if you sell your product on an online shop where you are restricted just use payment Rupiah. I have a friend who has been selling digital products since 4 years ago, he is fine today, not been banned even he only accepted payment PayPal and bitcoin. Because he sells in outside the country. but even if not accepted his local currency, he still pay tax after he exchange his bitcoin to local exchange. he can still contribute to his country.

Maintaining it is indeed something complicated, a strong form of consistency is an easy way to maintain it. Even though it is a little bit important, there is a desire to maintain opportunities in bitcoin investment, when starting this you have to think carefully so that every day we have an increase in getting bitcoins even though little result. Also pay attention to friends who motivate us in this business, because there are friends who like to bring us down and there are also friends who make us progress further.

[Oasisman]

I think I am very optimistic about future progress by becoming participants in the bitcoin market by save it. We are already thinking about the future and positive thinking is better. With initial planning, achieving our desires can easily come true by running a business that produces Bitcoin. We must also have other sources of income to supports it all.

In terms of maintaining and owning Bitcoin for the long term, of course there must be support through other sources of income so that we can maintain and increase the amount of Bitcoin as a future asset in the long term. Nowadays, many people are optimistic about Bitcoin, so many people no longer have any doubts about owning Bitcoin at this time and also consider it as an investment in the future for themselves. And I think that assumption is quite good because with many people starting to be optimistic about Bitcoin, of course this will also affect the value of Bitcoin itself in society.

Another thing you guys have forgot to mention is to only invest what one can afford to lose, and that means not only that a person should have a stable source of income but with also has savings for emergency purposes. That savings would not only save you from any urgent financial matters but it would also protect your bitcoin holdings from being withdrawn suddenly. This has been one of the common mistake people may have overlooked not only with bitcoin but in all sorts of investment assets. We should not only be optimistic but also learn how to secure our investment to maximize the potential profit in the future.

[bitcoin_mining]

If you have made a mistake in the past, just learn from that mistake and try to apply that learning in the future. I think you had a lot of bitcoins in the past but you couldn't hold onto them. You sold all your bitcoins in the past for only a small amount of money. But keep trying so that you don't have such regrets in the future. Use the opportunities that present themselves now to make you successful in the future.

[DeathAngel]

Everybody involved in Bitcoin has sold some too early, for too little money. The trick is not to repeat mistakes, Bitcoin is the best investment out there, devise & set up a solid accumulation plan, stop looking at short time price fluctuations. You should see Bitcoin as a long term plan, DCA as often as possible for many years. Think of it like planting seeds to harvest in years to come.

[Fiasem20]

Bitcoin is also a means of payment for services rendered.A businessman can secure his business and at time hold the Bitcoin made through the service that was rendered.Its the choice of the businessman to choose the means of payment,it could be in the of BTC or fiat.A businessman can also accept payment in the form of fiat which can be converted into BTC and would It would be risky if all payments are in BTC, at least 20% of payments should be in fiat to meet up the basic needs of man,because not everyone that accept Bitcoin as a means of payment.So in order for an holder no to tamper on his/her holdings 20% of payment should be in fiat.