Other businesses and Bitcoin investment.

[SuperBitMan]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

[WillyAp]

When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.

True, still you need to know a lot more than just holding Bitcoin.
Learning ist the way.

Learning strategies that work
https://extension.harvard.edu/blog/learning-strategies-that-work/

[Kelward]

Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

What you said is very true, Bitcoin hodling is a long term investment and we shouldn't rely on it for short term needs. It's a volatile asset that can't guarantee steady profits to take care of day to day expenditures. It's best to have a steady source of income to take care of our daily needs and from their we can take some percentage of it to fund our Bitcoin investment. This is why it's recommended for income earners to adopt the DCA method to accumulate more Bitcoin into the future.

Investors should have enough funds to take care of their primary needs before they can think about Bitcoin investment which falls under secondary needs. Without sufficient incomes to take care of food, rent and basic miscellaneous expenses it won't make sense to go into Bitcoin investment because you might end up selling it prematurely and probably at a lose if it's during bear run. People who are jobless or are not financial capable should not consider a long term investment like Bitcoin, they should focus on increasing their sources of income first.

[Yatsan]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

You have shared insightful information as to why investing in Bitcoins has so many risks, especially in their volatility. Just imagine one getting income solely from Bitcoins and trying to relax during 'downtime' as anxiety creeps up and decisions which would never be taken under normal circumstances are made. The bottom line instead is the employment of discretionary income in such investment and knowing what a diversified approach will do for you.

You can build a business and accrue Bitcoins at the same time- providing an ideal financial foundation. This strategy reduces all the risks associated with fluctuating Bitcoin prices and increases income. Focused on building sustainable business Every individual will be able to create a platform for market fluctuations, and build wealth that grows over time. It encourages having a much-balanced view on Bitcoin and investing that helps reduce anxiety and brings healthy habits to finances.

What you said is very true, Bitcoin hodling is a long term investment and we shouldn't rely on it for short term needs. It's a volatile asset that can't guarantee steady profits to take care of day to day expenditures. It's best to have a steady source of income to take care of our daily needs and from their we can take some percentage of it to fund our Bitcoin investment. This is why it's recommended for income earners to adopt the DCA method to accumulate more Bitcoin into the future.

Investors should have enough funds to take care of their primary needs before they can think about Bitcoin investment which falls under secondary needs. Without sufficient incomes to take care of food, rent and basic miscellaneous expenses it won't make sense to go into Bitcoin investment because you might end up selling it prematurely and probably at a lose if it's during bear run. People who are jobless or are not financial capable should not consider a long term investment like Bitcoin, they should focus on increasing their sources of income first.

This is really the logic - before investing in any asset, one needs to have steady income, and utilization of some volatile asset for short-term needs has all the chances of being a disaster for the person. On equitable merits, when market conditions change for the better, the DCA method is an intelligent way of continually amassing Bitcoin over time without the tension of trying to time the market.

It focuses on the fundamental needs first, so no one needs to sell some investments at loss when an economic downturn occurs. For those people who may face some financial problems before making investments in speculative ones like Bitcoin, most importantly, building the economy and strong foundational finance should be key. Such an approach not only minimizes risk but also supports good habits in finance in the long run.

[Spaceman1000$]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

The idea of building a business while still accumulating your Bitcoin is not a bad one, however for the trajectory of Bitcoin and the growth bitcoin has attained over the years, I have not seen anybody that has invested for 3 years and hasn't gotten any profit as you postulated in your text.
There is no business investment that has profit margin that is not volatile, so making it sound as if Bitcoin volatility is one heavy disadvantage for investors when you know you can always manage your risk by investing with your residual income so that you won't grow panic attack, especially if your somebody that hasn't grown a thick skin when investing. So you have to invest within your capacity and overtime you can increase it as time goes. although despite this volatility, the growth of Bitcoin since it Inception has been astronomical, and that is why you see more investors coming in everyday.

[Stepstowealth]

let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

A source of income is something that provides you a steady stream and flow of money, either on a weekly, daily or monthly basis, and for something like Bitcoin, you cannot consider it a source of income because you have to invest in it to actually profit from it so Bitcoin is actually more of an investment opportunity or a currency than it is a source of income. If the plan of someone is to regularly make withdrawals from their bitcoin to support their lifestyle and livelihood, those kind of people will find it difficult to really hold or keep any Bitcoin as an investment for the future.

[WillyAp]

Bitcoin hodling is a long term investment and we shouldn't rely on it for short term needs. It's a volatile asset that can't guarantee steady profits to take care of day to day expenditures.

So is investment, only beginners panic when prices and earning disappear (temporarily).
Holding has its advantages, mind set and all that.
Still, Money need to work.

[michellee]

If they depends on Bitcoin to make money, then yes they must accumulated enough Bitcoin to start in other business. But if they have another source of income, they can start anytime they want. As long as they have money to start the business, they can do that without waiting for other things except make sure they have plan.

Investing in Bitcoin have its risk so people needs to learns how to manage the risk. They can not just joins in Bitcoin without having knowledge because they will difficult to handle the risk and their emotion. If they can creates a new business until have a profit, they can use the profit to invest in Bitcoin and accumulates from time to time.

Many people already gets the benefit from investing in Bitcoin so they can start a new business from the profit. But people still see Bitcoin as a source of income from the investment side. Besides that, many people are also using Bitcoin to trade so they can make a profit and save the profit or for other things.

[wahyuagung26]

Investment and Business can also be separated, an Investor who invests part of what they have focuses on the purpose of investing in Bitcoin, they should also have other Businesses to gain profit in other needs, and a very good assumption when someone who has a Business and continues to join and add their Bitcoin from the profits of the Business they do.

Bitcoin can be used as a long-term Investment or aiming for profit in the movement of Bitcoin which in a short time depends on their respective points of view, but what often happens is that they prioritize long-term Investment with the aim of getting maximum results in a few years or the future.

[legendbtc]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

The idea of building a business while still accumulating your Bitcoin is not a bad one, however for the trajectory of Bitcoin and the growth bitcoin has attained over the years, I have not seen anybody that has invested for 3 years and hasn't gotten any profit as you postulated in your text.
There is no business investment that has profit margin that is not volatile, so making it sound as if Bitcoin volatility is one heavy disadvantage for investors when you know you can always manage your risk by investing with your residual income so that you won't grow panic attack, especially if your somebody that hasn't grown a thick skin when investing. So you have to invest within your capacity and overtime you can increase it as time goes. although despite this volatility, the growth of Bitcoin since it Inception has been astronomical, and that is why you see more investors coming in everyday.

 It is true that its past growth performance has been quite impressive and almost a repetitive process but what guarantee do we have that things will always repeat like that in the future? Like what is happening now, what guarantees that history will repeat itself again? Because the future is unpredictable combined with the volatility of bitcoin makes it riskier than any traditional investment.
 
Those who bought bitcoin at $69k 3 years ago and are still holding it today are still losing money. Don't think that anyone who invests in bitcoin will make a profit.


Business also has risks and it all depends on your knowledge, experience and strategy. But the difference is that business brings passive income daily, monthly and you can change your strategy to suit the market situation. Meanwhile, if you invest in bitcoin, other than holding and waiting, there is nothing else you can do even if your investment loses.

We have received thousands of advices in the market and most of them advise us to have a source of income before investing in bitcoin. I have never heard anyone say that we should focus on investing in bitcoin first and look for income sources later.

[Spaceman1000$]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

The idea of building a business while still accumulating your Bitcoin is not a bad one, however for the trajectory of Bitcoin and the growth bitcoin has attained over the years, I have not seen anybody that has invested for 3 years and hasn't gotten any profit as you postulated in your text.
There is no business investment that has profit margin that is not volatile, so making it sound as if Bitcoin volatility is one heavy disadvantage for investors when you know you can always manage your risk by investing with your residual income so that you won't grow panic attack, especially if your somebody that hasn't grown a thick skin when investing. So you have to invest within your capacity and overtime you can increase it as time goes. although despite this volatility, the growth of Bitcoin since it Inception has been astronomical, and that is why you see more investors coming in everyday.

 It is true that its past growth performance has been quite impressive and almost a repetitive process but what guarantee do we have that things will always repeat like that in the future? Like what is happening now, what guarantees that history will repeat itself again? Because the future is unpredictable combined with the volatility of bitcoin makes it riskier than any traditional investment.
 
Those who bought bitcoin at $69k 3 years ago and are still holding it today are still losing money. Don't think that anyone who invests in bitcoin will make a profit.


Business also has risks and it all depends on your knowledge, experience and strategy. But the difference is that business brings passive income daily, monthly and you can change your strategy to suit the market situation. Meanwhile, if you invest in bitcoin, other than holding and waiting, there is nothing else you can do even if your investment loses.

We have received thousands of advices in the market and most of them advise us to have a source of income before investing in bitcoin. I have never heard anyone say that we should focus on investing in bitcoin first and look for income sources later.

Those that invested Three years ago at some point got some profits and Bitcoin has gone pass that amount before it reversed. However Those that invest in Bitcoin know the risk factors involved, they've studied the volatile nature of the subject matter, hence it doesn't give them panic attack, a dip shouldn't scare an experience investors, just as it is always said, that dips are opportunity for you to accumulate more if you have the resource because surely the market will bounce back.

So if you choose to make Bitcoin investment your sole income generating asset, then that's your choice and it should be respected, if you choose to have multiple streams of income to boost your resource base, that's your choice too.

[Plaguedeath]

anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin

Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible

I don't see 2x-3x return for 3 years is a huge profit, but the return is worth with the risk.

Of course having a business is better than buying Bitcoin, if your business can make $3K per month (in third world countries) or $50K per month (in first world countries), you don't have to invest in Bitcoin if you can earn more through your business.

Investing in Bitcoin should be the last way when you want to diversify your wealth or you don't know what you need to do with your money.

[Marvelockg]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

owning Bitcoin should never be a replacement to doing other things that brings you income. Apart from full time traders that are actively analysing the market and trying to be profitable from thier trading, if you're just one that's holding Bitcoin, it will be total laziness to think that because of what you expect to get from your Bitcoin holding that you should forget about doing business or creating systems that fetches you money. The advantage of not being totally fucosed on Bitcoin investments alone is that it helps you to technically diversify into physical and digital asset without directly diversifying your already accumulated Bitcoin.

The economic state of the world is becoming very unpredictable and Bitcoin is certainly a volatile asset. Id you've seen a good business opportunity but refused making the best out of it because you're bent on just remaining focused on your investment, you might not necessarily experience loss but the potential profit you would have gotten naturally will never come in the manner as it should because you've closed all the potential that could likely come from that angle.

If you're working in a firm that pays you well and you're contemplating between starting up a business or leaving all your asset in Bitcoin, it's going to be at that point you will have to meticulously look at the options you have available and ensure that the business is something that wouldn't cause you to waste your money and after you've done that and you know that it's something that you can handle, you can now go into the business fully. The advantage of owning a business in addition to your Bitcoin investment is that it provides a source through which you can be making your regular purchase from the profit you're making from your business and your business can serve as an edge against any possibility of using your Bitcoin holding to solve whatever challenges that might Come up during the time you're building your portfolio.

[Fiatless]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.

Some crypto traders see the profession as a full-time job. They invest most of their time engaging in market analysis and trading. But just as you stated it might not be proper to see trading as your only source of income since the market is volatile and could lead to loss of funds.

Others see Bitcoin as a long-term investment. This set of persons perceives the coin as an asset just like gold or real estate, that could give them an extra source of income. These people also engage in other profitable activities which will assist them in securing or keeping their Bitcoin investment. However, some sets of people have been made rich by Bitcoin. The profit they have made from Bitcoin has made them retire from full-time jobs. The returns from hodling their coins is sufficient to sustain them for life.      

Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

Bitcoin can be a source of income if you have enough to sustain you. But if you are just a smallholder, you need to work hard to keep hodling and increasing your portfolio. You do not need to monitor your coins every day, so you have all the time to venture into other businesses.

[Versatile_choice]

let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

A source of income is something that provides you a steady stream and flow of money, either on a weekly, daily or monthly basis, and for something like Bitcoin, you cannot consider it a source of income because you have to invest in it to actually profit from it so Bitcoin is actually more of an investment opportunity or a currency than it is a source of income. If the plan of someone is to regularly make withdrawals from their bitcoin to support their lifestyle and livelihood, those kind of people will find it difficult to really hold or keep any Bitcoin as an investment for the future.

You're absolutely right, if you want to make your bitcoin investment a source of income definitely you will keep tempering your bitcoin wallet, at this point you will find it very difficult to HODL your bitcoin for long term investment, and this is even going to make you not to profit from bitcoin investment, that is why is good to have other source of income so as to enable us leave our bitcoin untouched. Anyone who consider bitcoin investment as his/her source of income that means the person is not Investing in other to get profit rather he's just Investing just like a means of saving money LoL.

[Oluwa-btc]

When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

Sure thing, you're very correct in whatever you have said so far but it depends on one's needs and decisions tho cause some persons tend to have other businesses and as well invest in Bitcoin too cause they are both lucrative and profitable you know but what I believe is you can as well hold Bitcoin while running your business cause with time the results will be overwhelming.
And it's not like they see Bitcoin as a source of income, it's just like when you're waiting for your day old chick to grow faster so you earn a massive income from it when you eventually sell it, that's how Bitcoin is when you accumulate it for the future eventually when it gets bullish and gets to price dip you'll definitely make a whole lots and become a multi investors so that's why it's necessary to hold Bitcoin alongside anything,so people having depression and all that signifies that Bitcoin means alot to them when it goes beyond a fall.

[Dr.Bitcoin_Strange]

Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

Economist will always advice against having only one source of income but if you are just starting to build your financial status, it's better you start with what you are more comfortable with. Some people choose Bitcoin because they have a better understanding about it and some choose to open a business first. Which ever ways, i don't think there's anyone that's not profitable as long as you have a knowledge about it. But after you have made enough money from your first start, you can invest in other things.

[letteredhub]

.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.

Its simply means you're diversifying when you have other growing businesses while investing in bitcoin whether for short or long. And that's how any bitcoiner ought to go so that periods of bitcoin bearish market you don't get affected by the long bearish season as you have to fall on your other businesses for profits.

Relying only on bitcoin as a means of income is not advisable, there other  things you should get into to bolster your income security.

[Hamza2424]

@OP I'm not quoting you!

But here is a general answer from my side to what you've said, yes Bitcoin is a good source but its a good source of decent returns over investment not income, if we further dive into the crypto market then we can realize that a professional trader can generate a decent income through his capital amount where he can manage risk by adopting a good portfolio management and trade management.

But in order to be a good trader or make a good income being a trader you need to rely on another stable source of passive income or any other kind of income which can support you while market fluctuates and your trades goes wrong. With just 1% exception rate traders can only rely on their trading income source, they might have massive portfolios to support their livings. But as an average trader, you need multiple sources.

Bitcoin and crypto market is volatile and this is the only reason it has huge potential to give good returns if the market gets stability the factor of making good returns will get eliminated too.

To avoid depression work on yourself, just dont be an investor be a good and disciplined man, follow routine, work on mental health, work on physical health, work on emotional control, and in the end work of sharpening your decision-making.

Business is good, you can take up business as first priority and expand it than accumulate as much BTC as you want for a passive source of good returns as well but establishing a business is much harder than working as an investor and trader, as in business not only your self skills are required there are many other factors but here all you need is your knowledge and your own skills to understand the market.

[Cryptomultiplier]

Some people see Bitcoin as a source of income and they wait patiently for it to grow so they can sell and it profit especially those who are traders, a lot of people see it as there only source of income but we forget Bitcoin is very volatile and anything can happen at anytime one can be expecting to get a huge profit 3 years to come from Bitcoin and Bitcoin falls, this has caused a lot of people depression and it is advised that will use our Discretionary Income to invest in Bitcoin.
Some people says before investing in other business you must make sure you have accumulated enough Bitcoin but that's not it one can still invest in a business that will give you income while accumulating Bitcoin especially for those who are not long term Bitcoin investment.
When you build another business that brings you good profit it will help you grow your Bitcoin more bigger.
Building another business while accumulating your Bitcoin is not a bad idea, and is very much possible, let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

Any kind of business these days require money to start up, maintain and grow it, otherwise, there won't be a business and as such for someone with a business to begin investing in Bitcoin, they must firstly have grown the business to a stage where it can fund itself and provide some profit that is reasonable enough to invest.

If one should consider the fomo or dip or crash of Bitcoin, then they would be blind to the possibility it has because whether we like to agree or not, a company like microstrategy believes in the long term position and success of Bitcoin, to have invested more into the acquisition of more BTC than other businesses and am sure the return is one that would be worth something very tangible upon liquidity or diversification.