How Do I find a Balance Here?

[Odohu]

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?

Channelling your Bitcoin to a business that accept Bitcoin is a major way of supporting Bitcoin and inclined with the core reason for the creation of Bitcoin. Buying and holding Bitcoin I your wallet with the expectations that it will yield some profits is not the motivation of Satoshi even though it is natural that anything that offers solution to real life problem will become something of value.  

The beauty of Bitcoin and the blockchain technology is in use case; a situation where many businesses will adopt and integrate Bitcoin in their operation.

If I were in your situation, I will surely push part of my portfolio into the business while keeping the rest in my wallet and building it further as time progresses.

[CarnagexD]

Since you mentioned in your post that you plan to hold for a long term it means; the funds that you’ve invested won’t be needed anytime soon and if that’s true I’ll suggest you stick to it and look for other means to generate funds to support those businesses that you want to support.

I agree, it's the best if OP don't move anything from the bitcoin that he already has and instead use the future money that's supposed to be for increasing what he's hodling to support that business. One thing I've noticed in that problem is that OP didn't mention if it's his business or not, he's just saying that he's supporting a business that's accepting a crypto, now unless I know if he's an investor to that business or he just wants to support it, I would be giving a different answer. If he's like a part of that business then maybe he needs to do some investing in it or something like that but if he's not then I guess what Cantsay said is what OP should follow or maybe just stick to investing.

[BABY SHOES]

You rethink whether your new business will be better than keeping the coins you plan, even though the new business will accept bitcoin as a benefit and look around you if there are more bitcoin users? On average in business they always use fiat to sell their products and bitcoin is still not popular even if you want to develop it.

If you don't want to disturb your BTC HODL plan then don't do it because you have been building this probably for a long time, maybe another alternative where you can find other sources for new business capital and build it instead of withdrawing from coins from your plan, and most importantly they always have a reserve fund if you don't want to disturb other funds.

What about the other alternatives that have been suggested, will it support your business?

[Ultegra134]

I'm seeing quite a few replies that haven't even gone through reading the three lines of text in the original starting post, in a thread that is barely 3 pages long.

Although I understand the OP's concern about supporting a local business accepting Bitcoin, it really depends on your personal choice on how you manage your finances and how costly these visits to this business are. Are you buying coffee and merely spending $10 each time? If the answer is yes, you're stressing too much for a relatively small amount of bitcoin. Personally, I'd rather not spend Bitcoin when I can afford to pay with fiat because I'm also a long-term holder and haven't touched my coins for over 2.5 years. I don't see the reason to spend something that is now considered an asset and may double in value within the next few years. If you're keen on using Bitcoin as a payment in this particular business, I'd simply buy back any coins spent there or have a small balance of $50–$100 to be used only for this purpose.

[Jawhead999]

For me business is one of diversifying in investment, depends on how big or small the business is.

If your business is small, it means you need more funds to support your capital. When your business is already big, you don't really have to fund your business since it's enough and keep making money.

When your business keep make money, it's the time to invest. While when your business isn't really profitable, you need to fund your business.

[BRINIRHA]

Being in a dilemma situation can be very confusing. I have experienced it when I had more funds in my business and thought whether I should open a new branch or I should invest it in some assets that I had also entered before such as Real Estate and Bitcoin. But then I started to reflect further on the impact and consequences of each step I would take. And look at the risks and potential that I can take in the steps I will choose. So finally I found the answer that I prefer the convenience of using the extra money I have to add to my investments. Because I considered the geoeconomic situation at that time.

And I think in your case you just need to reflect more on yourself. look deeper into yourself and determine the option that you are most comfortable with if you choose that. Remember comfort comes from the deepest heart. Meanwhile, ambition and greed come from emotions that sometimes forget the risks. So like the others said. Follow your heart. And determine what is most profitable for you and you are comfortable with that choice.

[traderethereum]

I suggest that you postpone your new business to start accepting bitcoins and focus on your new business while still holding the bitcoins. It's also better for you to stay focused on your long-term investments so that you can run both simultaneously.
If you can profit from your investment in bitcoin later, that means you will get a lot of money so you can develop your new business even bigger. You already have more money for additional capital that can be used for your business.
At that time, you can start accepting Bitcoin for your business, especially if you are allowed to use Bitcoin as an alternative means of payment besides using fiat. But everything comes back to you because you are the owner of the business and the bitcoin.

[DubemIfedigbo001]

Helping others is a good thing, but you need to secure your position first. Never compromise on your own financial security.

Absolutely correct, in this life, its important to set principles and follow then strictly, you don't need to bend your rules to be a good person, thereby dysphonic your own plan to be successful. OP, I know its good to be charitable, but if I were you, I'll look for a way to acquire more btc to invest in the business. I should've told you to scrutinize the business and know for yourself if its ROI is encouraging, then hustle more to find finds to invest in it. I would never advise you to touch the coins you're holding at any cost cos once its tampered, the possibility of it getting finished is high.

 One thing we need to understand is that you must not victimize yourself to fulfill a desire. NO, it calls for more creativity on your path. You should create a money generating avenue to contain That charity you intend doing which is another thing all together and must be treated as such. Therefore, you must hustle differently for that one on your own without touching your 100% holding. Try to find another source of acquiring the money you need for the charity you intend doing. That way, you'll not break your principles, and you'll fulfill your desire of helping the bitcoin community. Then you'll be glad that you've finally won in the two sides.

[Bitstar_coin]

Remember the value of btc keeps growing over time, what you spend to buy a cup of coffee today will most likely increase in value in a few months or years. Personally, i would rather hodl my btc than spend it, but if you feel you have enough btc stashed that spending a couple of sats to support a start-up business won't affect your holdings then go for it.
Most btc holders rather hodl than spend it to buy stuff, but this is your choice to make.

[Blitzboy]

Why not a strategic, limited transaction allocation? Smart diversification, not abandoning hodling, is the goal. You're not just an investor; you're a participant in the Bitcoin economy.

Investing in Bitcoin requires knowing and engaging in its ecosystem. Using a portion of your holdings to support Bitcoin-accepting businesses increases its real-world utility and adoption. Remember that Bitcoin's value grows with usage and acceptance, not hoarding. You may think you're deviating from your strategy, but arent you strengthening Bitcoin's value?

[taufik123]

As some of the other members said.
It's best to tone apart the Bitcoin you want to hold long-term and the Bitcoin you want to use for your acceptance efforts for Bitcoin adoption.
If you can't separate it, then the management you do for the business and the long term will be mixed and can't work well.

That way your long-term investment will not be disturbed and the business that accepts the Bitcoin you run will not be disturbed as well.
Long-term is the main goal and business acceptance of Bitcoin so Bitcoin adoption will provide benefits from every transaction made.

[_BlackStar]

As some of the other members said.
It's best to tone apart the Bitcoin you want to hold long-term and the Bitcoin you want to use for your acceptance efforts for Bitcoin adoption.
If you can't separate it, then the management you do for the business and the long term will be mixed and can't work well.

Of course that's a logical suggestion - capital and investment budgets should be kept separate, otherwise OP would have to come up with a capital budget out of her own pocket. Mixing things up would only mess up his plans - usually it wouldn't last long before separate each money into two parts.

The OP can set aside some of the profits from his business to build his investment portfolio - while the capital and some of the profits should be able to be turned back into building a better business. That's how business is run even if you are a long-term bitcoin holder.

[Yogee]

I personally would not touch BTC here but it's still up to you to work with the numbers. The crypto market is "seasonal" and we're already approaching that time again so it may not be a wise idea to be selling BTC at this point. It may also take time to have that business up and running so there's a chance that you'll miss that bull train. Maybe it's acceptable if you could start that business by selling 10% to 20% of your BTC stash.

[GeorgeJohn]

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 have come across of a thing of this nature concerning bitcoin been accepted for business, acceptance of bitcoin in a business that established by you or managed by you is good thing and is another kind of way to ensure that you have boasts of your economy, because acceptance of bitcoin for your business, its two things you are doing at same time, the first one is that you have put your money in another way whereby it will get increased at any point of time, and secondly you have secured your money from tradinational money and expenses also, if you want to hold your bitcoin I think its very ideal for you to divert it to your business and people who is interested to with bitcoin can equally make deposit with bitcoin, some businesses currently support a payment with bitcoin.

[Adbitco]

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 have come across of a thing of this nature concerning bitcoin been accepted for business, acceptance of bitcoin in a business that established by you or managed by you is good thing and is another kind of way to ensure that you have boasts of your economy, because acceptance of bitcoin for your business, its two things you are doing at same time, the first one is that you have put your money in another way whereby it will get increased at any point of time, and secondly you have secured your money from tradinational money and expenses also, if you want to hold your bitcoin I think its very ideal for you to divert it to your business and people who is interested to with bitcoin can equally make deposit with bitcoin, some businesses currently support a payment with bitcoin.

Most at times is how often people request to make payment with bitcoin, if op intending to run such businesses in a place that is well developed and established then there will be much request for bitcoin payments but in a way people don't request it would take several months for people in that region to began to chose that payment options. From my reasoning is just an additional way of expanding his payment methods. However pursuing another business currently can serve as a distraction because it all required you to lose your holding for fiats to established that business maybe who knows if such business would yield exponentially as bitcoin grows so quickly.

[Hewlet]

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 holding?

I feel that it depends on the amount of bitcoin you are holding and how much of it you will be willing to give out in support of this business and it will not affect you in the long run. Understand that this is your own act of benevolence and you shouldn't put yourself in a situation where you will regret your actions will you must have used a reasonable amount of your hildings to support business and suddenly the price of bitcoin hits very high. You need to ask yourself the question regarding your willingness to give out those holding to business and you should also be very sincere with the answers you give back to yourself. Just sit back and count the cost of taking either of the options you outlined and you will get sure answers from within you.

[KiaKia]

I don't get, how will one affects the other? You can continue to hold and still keep running your business, only your customers are going to pay you in Bitcoin and it's not even by force, or are you trying to do some discount that will cost you some money? Because I don't see how it will make things harder for you.

Even right now it's hard to get paid in Bitcoin, to send Bitcoin to another wallet is higher than using Fiat to pay for whatever you plan to buy, using bank transfer is cheaper than paying with Bitcoin, $3 compare to $0.005, this is the difference between using Bitcoin to settle a payment vs bank transfer using fiat in my country right now.

Anyways, do not stress yourself, go with whatever is within your power, there isn't much to make either when people pay you in Bitcoin, most people do it to spread Bitcoin awareness in the public.

[ZAINmalik75]

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?

What good in that business accepting BTC for you? Is that your business? If not then it means it belongs to someone else but how big is that business? let's say the business is huge and this will attract more consumers using BTC as a payment method this will increase the utilization of BTC and it is obvious that high utilization means more demand and more price overall.
But, I will say it is better to hold 100% because this business that is accepting BTC as a payment method is not bigger than any of the BTC ETFs that are going to be approved soon. If it's true then the most beneficial decision would be to hold 100% and then you could consider supporting the BTC utilization. I don't even know how much BTC you have that you want to add to the utilization of BTC but if you are aiming to spend some then what's bad in doing fifty-fifty?
This way, you can get some of your holdings with you and can add some to the utilization of BTC also. But before that clarify your purpose and what you want from this.

[BenCodie]

So you're more or less in a dilemma between choosing to hold your coins and benefit yourself financially, or help a business and contribute to the Bitcoin ecosystem but with less financial gains potentially.

I say do what your heart tells you. If you think that selling the bitcoin is too much of a wrongdoing to yourself, then don't. If you think that the business, the people you'll get to meet and work with --the ethical satisfaction in general-- outweigh the capital appreciation over the long term, then you gotta sell.

I share a similar opinion, however I want to add something to this too, and that is a reminder of the kind of world that we live in.

I'll start with a similar example.

If you have only $100, maybe giving $10 to a homeless person is not the most responsible situation for yourself. Sure, you are doing good and helping another, and maybe it will come back around in the future if you are a believer that what goes around comes around...but immediately, is it wise? Why not work until you have $1000, or $10000, and instead give more, with more comfort and security?

The same goes for you OP. If you hold 1 BTC and the business you are seeking to support will cost you 0.1 BTC, maybe it's not the wisest decision. That doesn't mean you still can't support them with a lower amount however, say, with 0.001-0.01 BTC.

If you hold 10 BTC, maybe 0.1 BTC is an appropriate contribution to the bitcoin economy, and it will be an investment that won't hurt if they don't succeed.

Short answer - If you are fixed on contributing to adoption, then maybe it's wise to just invest a fraction of your holdings rather than a chunk

[Renampun]

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 you are opening a business accepting Bitcoin, why should it bother you to hold Bitcoin? In fact, you should be able to do both (open your business that accepts Bitcoin and keep holding the Bitcoin you have for long-term investment)
with bitcoin price fluctuations constantly changing, you should be able to take advantage of that and try to make a profit by accepting Bitcoin as payment. but my question is whether your country is friendly for you to do that (open a business that accepts bitcoin), you must pay attention to things related to government regulations, you can't do that alone without safe regulations from the government.