How Do I find a Balance Here?

[decodx]

You said you want to hold your bitcoin long-term?  That tells me you don't need that money anytime soon.  If that's still the case, Id say stick to your guns and keep holding.  Maybe look into some other ways you could scrape together funds for those businesses you want to support.  But if you've got no other choice, do what you gotta do without beating yourself up over it.  Although if you just want to help grow the whole Bitcoin economy in general, seems like there oughta be other ways to pitch in that don't interfere with your long-term investment outlook and   

We all have different reasons for buying bitcoin - whether it's to get rich quick or because we really believe in its potential or a little of both.  Point is, only you can decide what works best for your situation.  But don't stress it too much either way.  Ten years from now well look back at these prices and laugh.  Or cry.

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[The Cryptovator]

For me, I don't see much complicity here. Because you are accepting Bitcoin for your business, which is a great option. So you have to run your business continuously, and for that, you have to circulate money. If you hold 100% of the Bitcoin payment, then you might need to add capital from your pocket, which is equivalent to buying Bitcoin. So just holding a part of your profit would be the best option for a long time. This way, your business will run smoothly, and you can also profit from the bitcoin while managing your needs.

[Mate2237]

If you really want to continue the holding, then you don't have to think twice just continue the hodling. But if you think that doing business with the hodling will favour you and you have the good business idea to carry out then it is a good thing to do therefore you can continue with the business idea. One thing I came to realized these days is that we don't have to discourage people to do business because of bitcoin which had been happening but to encourage them and through there they can invest in bitcoin to their satisfaction.

But if you want to do business that accept bitcoin then you have to consider the factors will militate against you. And one of such factor is the government in your country. Does he accept bitcoin? And when the governmental agencies see your banner to accept bitcoin which is against the economic policy of the country what will you do? And how many people are into bitcoin in your locality? so these are some of the factors to consider before doing such business that accept bitcoin.

[acroman08]

How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

how about helping advertise or spread awareness about the business and highlighting that they are accepting BTC(and other cryptocurrencies, if they are accepting it), this way you do not need to spend any Bitcoin but you are helping the business get customers that might be interested in paying in Bitcoin(which in turn also helping the bitcoin ecosystem). of course, if you are going to do what I suggested, it might be good to inform the owner of the business first.

[red4slash]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

Actually in this case I think you have to find your own answer that matches your fashion.
Indeed, both are true because there is nothing wrong in this case when you continue to hold your bitcoin as an investment then indeed you still believe in it and I think it is very worth doing but on the other hand developing yourself to become a driving force in your area by developing a business by accepting bitcoin as legal tender is also quite noble so there is nothing wrong with both. But there must be one choice that suits your characteristics and progress about profits of course.
If indeed in your opinion doing a new business has very good progress in terms of profit then do it but if in the end you still doubt whether this will work or not then it is better for you to save and continue to hold your bitcoins or maybe there is a third option where you still have to keep the investment assets you do and do the business you want to create only this definitely requires a bigger budget.

[Stable090]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin.

Things like this happen when you invest the money that you will be using in a short period of time in bitcoin investment. You should have separate money for business and a separate one for bitcoin investment. The decision is left for you to take, but I will be giving you my own suggestion. Since you have been holding the bitcoin for a long period of time, and as we can see, bitcoin halving is by next year, and everyone is expecting a bull run after the halving, it will have been better if you keep on holding for now. Then,  during the bull run, you can decide to sell some of your bitcoin and use the money to expand your business.
 
As I said earlier, the decision is left for you to take. I am just making a suggestion, and I might be wrong. I forgot to ask you if you are doing anything where you are earning money for survival.

[SmartGold01]

If you are truly a bitcoiner then you would hold for long term but what we all finds difficulties is that at some point we got confused due to much distraction that always comes our ways why because we didn't focused our mind to achieved what we have planned and sets for, therefore in my opinion I will say you should continue holding since it would fetched you more profits although I can't tell of the other business but I believe that is the best idea., or maybe you should go for the one your mind belongs to.

[serjent05]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

You can decide this for yourself.  You can continue to hold while supporting businesses that accept Bitcoin by simply allocating fixed funds to spend while holding other percentages.  You do not have to spend all your holdings at once.  If you can, you can even accumulate Bitcoin to hold while spending part of the amount you DCA in supporting businesses that accept Bitcoin.  So there is no need to be trapped in a dilemma because there is really none.

[South Park]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

If by supporting that business you just mean buying some of its products then I do not really see the problem, if the business is offering a product which satisfies a need or a want you have then it makes sense to buy from such business, however I will advise against touching your long term stash, and instead you need to make the effort to save a little bit extra this month so you can buy whatever this business is selling.

[Youngkhngdiddy]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

   I will suggest you weigh the both option and consider which will  bring greater returns in the long run, in as mush as diversity is important it is also necessary to do your research before deciding whether to invest. It’s all your choice to decide which to invest, and choose the one that best works for you. Don’t forget we already seeing the signs of the bull market, people who missed out on the previous run wouldn’t want to miss out on the next one. If you had a plan already I suggest you stick to whatever plan you’ve got. 
  If possibly the capital is enough to run the two projects you can as well go for the diversification. Being able to control and manage this two projects shows your level of responsibility and accountability.  There’s an English saying that’s goes “ accountability breeds responsibility “ be responsible for whatever decisions you make, that’s one of things I’ve learnt from the forum.

[gunhell16]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

It's a good plan you're making, or maybe you've already started anyway. Maybe the best thing you should focus on is how you can have or establish bitcoin users who will use it in your business. Of course, for you to have Bitcoin users, they must know how to have their own wallet account to put their Bitcoin.

This is the thing that you should teach them first, in my opinion. When they learn that, they will, for sure, tell their acquaintances about it. This is the thing that you should be able to teach, or put a guideline or instruction in your business on how to do it. You should also know what apps and wallets they will use that are also in favor of your business, of course.

[hatshepsut93]

You can just buy back the bitcoin that you spent on supporting the business with your fiat earnings, I thought that's pretty obvious. And to avoid unnecessary exchange fees just buy enough BTC to cover your spendings for the next year or more.

Also, if spending your money on one business is enough to affect your investment strategy, it's probably a sign that you a very small amount in your holdings - you should try to earn more money, be it fiat or crypto and put it into Bitcoin.

[EluguHcman]

I don't like it when you sounded so emotional like you want to do Bitcoin industry a speculating favour with no potentials of income even when you said it was other means of investment.

Talking about balancing your thought of endivoirs equation, you have to evaluate how much the business would be required and the totality of accumulated Bitcoin in your trading wallet.
Also ask yourself if it is a must you must venture into the business? Before venturing into the business, you must have then be knowledgeable about the business so you should also ask yourself this earlier before venturing that.... The business and Bitcoin investment which is more profitable and reliable?
After all that, if you are have zero doubts and after evaluating the cost and capital demanded for the business and you still have some Bitcoins there in your wallet, you can always keep it and hodl.
Maybe I would just say... Leave it and forget it but doesn't mean you loose guards your private keys.
The goal of investing in Bitcoin on a long-term hodling is not to make Bitcoin proud as proof of its coins holder but to make profits in a larger rate.
Bitcoin is not designed for beautifications or decorations, it is not even a false useless currency. It's goal of potentialities is to create means of income that offers financial challenges solution.

[Smartvirus]

I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

Like you said, it’s your way to foster acceptance by patronage through the use of Bitcoin. It ain’t a prerequisite and as such, you could always choose between that which gives you the most comfort.
Don’t fuel your desire or want to do by disrupting your need to do.

As far as payment media goes, it’s often about that which gives you much convince. You can’t go about patronizing just any and every Bitcoin accepting business out there. You would as well get to liquidate your entire hodling in the name of patronage to foster adoption.

Adoption will come when it will and it has been creeping to the stage still. While your little efforts might help, don’t allow it to make you lose out on hodling in the process. The balance between hodling and spending Bitcoin for a currency should be when the need applies. That’s your best move in these days where Bitcoin still serves for an asset and a little for a currency.

[Dr.Bitcoin_Strange]

OP, depending on the business you want to support. First, before venturing into anything, you always have one question in your head, which is, "What is in store for me in this business?" You have to look at it from both sides: how much profit your Bitcoin will generate in the future when the price has gone past this current level, and if you really want to go into business, then you should think about and come up with a strategy that will earn you a better profit so that you can still replace your Bitcoin. But if you see that it can't work, then it's better to just hold on to your coin.

[LogitechMouse]

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How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

Both of your options contradict each other.
One is you want to use Bitcoin to support the merchants/business while the other is you want to hold it.

I don't know but are these businesses just start-ups? I mean you don't want to use Bitcoin to make a transaction with them because of the high gas fees right? If you want to support them, you can support them in a different way. Right now, tell them to accept established altcoins to prevent paying high gas fees for Bitcoin. I know that feeling that you want to contribute by using Bitcoin to pay for things, but as of this moment, it's almost impossible for that to happen especially since you are just a retailer.

Do what works for your strategy. You can do both if you want. Holding 50% of your total Bitcoin while using the other 50% to support these businesses. I guess this is the "balance" that you need.

[Bitcoin_people]

Better if you plan to invest and hold bitcoins in hopes of making a profit. And if you decide to start a business with bitcoin investment and you don't have the money, it's not good if you're hesitant to invest in bitcoin. Because if you hold bitcoin it will give you double profit in future and if you don't do it but start business by selling bitcoin then it is your personal matter. And if you are planning to start a business without selling bitcoins then you must take the advice of an experienced trader. If you can set up a business without selling your bitcoins at that time then this will be the best option for you. So you have to make a hold if you want to make long term profit from Bitcoin and if you want to move forward in business then you can save and start trading again.

[bluebit25]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

I will express to you some situations that I faced, which is when I sold my bitcoins at the beginning of 2017 just because I could not manage that investment because of living expenses for life issues. Life is out of balance. And then the regret, but also the feeling of not regretting the decision in the past while I'm still here learning about bitcoin, as well as trying to find ways to optimize and maintain the investment.

So in the OP's case, I see that you mentioned the conflict because everything has its own benefits. So be strong and analyze that you choose only one thing to do and then analyze the risks associated with it to make a decision. For me, a long-term bitcoin holding plan should not be ruined. Don't force yourself to take on too many things, sometimes it is the reason why you fail in both plans. But anyway, I wish you a wise choice, because it is your own responsibility.

[davis196]

I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?

You want to build a brand new business or you want to start accepting BTC payments in an already established business?
Building a business from scratch means that you might lose money in the first 2 or 3 years before you start making any serious money.
Nobody is obligated to HODL 100% of his Bitcoins. Even hardcore HODLers can sell a part of their BTC sometimes. I'm sure that there will be a price crash coming soon(before the 2025 bull run), so there's no problem selling a part of your BTC and start accumulating BTC at a lower price. Nobody can find the balance for you. What kind of business are you running and what is the initial investment?

[bayu7adi]

Do what works for your strategy. You can do both if you want. Holding 50% of your total Bitcoin while using the other 50% to support these businesses. I guess this is the "balance" that you need.

Utilizing budgeting strategies and having two separate wallets can help enhance discipline, ensuring that when reaching 50% of spending, one does not exceed that limit. I understand it's challenging because the focus might be split between the two, but the option supports transactions using Bitcoin, broadening its use as a substitute for daily fiat transactions.

For example, if the OP typically pays phone bills using fiat, he could convert a certain percentage of their fiat into BTC to be used for paying bills in BTC. His role in supporting BTC as a transaction tool doesn't disappear, and the main BTC he uses for HODLing remains intact.