Other businesses and Bitcoin investment.

[Mr.sprin]

the need to understand how to invest in bitcoin, with a good understanding and adequate insight, you will not worry if the price of bitcoin falls, and or vice versa, it is indeed a process that you must accept, the need for thinking in that direction because every investment must be ready to accept the risks that will arise in the future.

Yes, bro, before we start investing in Bitcoin, we must first understand how it works, and how we can anticipate losses. Indeed, in investing, ups and downs are normal, but we must have guidelines to equip us to go through it all, we must also preparing a strong mentality for our own stability in facing all problems, a strong mentality will maintain our pattern of stability in investing, that way we won't make mistakes in making decisions.

[AYOBA]

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.

Yes off course Bitcoin is also source of income since, because it make a lot of people to become what they didn’t expected in life, is just that Bitcoin deserves a lot of patience since we’ve to hold it for a long periods of time if you really want to achieve huge profits on bitcoins; we know some people’s lot lose wherever they invest in bitcoins the reason is that it because they’re lack of patience which why it normally happened to some people to loss most of their money in Bitcoins.

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.

Yeah is good advise for anyone who is in to Bitcoins or trading aspects to have another sources of income, so that it can able to accumulate much of Bitcoin’s, but stated that we should stopped seeing a Bitcoins has a source of income I think this is wrong idea; you can only tell he/she who’s into Bitcoins should have another business doing since anything can happen at any moment.

[ndutndut]

the need to understand how to invest in bitcoin, with a good understanding and adequate insight, you will not worry if the price of bitcoin falls, and or vice versa, it is indeed a process that you must accept, the need for thinking in that direction because every investment must be ready to accept the risks that will arise in the future.

Yes, bro, before we start investing in Bitcoin, we must first understand how it works, and how we can anticipate losses. Indeed, in investing, ups and downs are normal, but we must have guidelines to equip us to go through it all, we must also preparing a strong mentality for our own stability in facing all problems, a strong mentality will maintain our pattern of stability in investing, that way we won't make mistakes in making decisions.

Because of all that, bitcoin investment should not be used as income. Bitcoin investment has a very high risk and must have sufficient knowledge to be able to invest in bitcoin. Indeed, bitcoin will make us successful in the future, but if it is used as a source of income, it is a very wrong decision because bitcoin is unpredictable and its price can go up and down.

Every trader must have a plan when investing in bitcoin so that they feel comfortable and safe when making decisions. If you do have capital or money, you should prioritize business first before investing because investing without a steady income will make you lose. I found many people around me and on social media who lost when investing because they made investment a steady source of income in the short term.

[Miles2006]

Whoever is seeing bitcoin as a source of income is making a big mistake firstly where and how do they get the money used for investing if bitcoin is seen as a source of income? This is impossible not because bitcoin is volatile but, bitcoin investment is not a short term investment so planning any short profit will only make an investor regret with lose. Bitcoin investment can’t determine the growth of a business or company that’s the reason it’s wrong to go all in 100%, invest what you can afford to lose

[liuka]

Because of all that, bitcoin investment should not be used as income. Bitcoin investment has a very high risk and must have sufficient knowledge to be able to invest in bitcoin. Indeed, bitcoin will make us successful in the future, but if it is used as a source of income, it is a very wrong decision because bitcoin is unpredictable and its price can go up and down.

Every trader must have a plan when investing in bitcoin so that they feel comfortable and safe when making decisions. If you do have capital or money, you should prioritize business first before investing because investing without a steady income will make you lose. I found many people around me and on social media who lost when investing because they made investment a steady source of income in the short term.

Bitcoin is better made a long-term investment than taking short-term profits or becoming a trader. To be used as daily income, they are called traders, but of course they are not always successful every day to make a profit because there is also a name for loss in trading. But if it is used as an investment, there will definitely be results that will be achieved when you have accumulated bitcoins over a period of 10 years. Because historically bitcoin has performed better every year so the prospects may be greater if targeted for long-term investment.

Don't call them traders if they want to be investor holders. Because traders are traders and investors are included in the holder section because not many investors turn their direction into traders. Of course, if the short-term target is very unlikely to make a profit. but if applied for the long term, of course there will be an opportunity to grow the roi income until the targeted duration.

[tottong]

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.

I remember some speakers in business classes and they said an effort to grow the value of the money we have and almost most of them said crypto and although not very specific if people are able to examine the discussion further then actually bitcoin is already the best investment now.
Making bitcoin as the main source of income in the process of supporting life is not very appropriate because we need other jobs as an effort to continue to make money.
Although there are some people who do make money from trading but they are already quite stable in terms of finances.

They also try to make money from other activities such as building a business or building financial strength in other sectors. For people whose finances are unstable then the only source of income from bitcoin will not be profitable because of the price fluctuations that occur in the market.

[YUriy1991]

Whoever is seeing bitcoin as a source of income is making a big mistake firstly where and how do they get the money used for investing if bitcoin is seen as a source of income? This is impossible not because bitcoin is volatile but, bitcoin investment is not a short term investment so planning any short profit will only make an investor regret with lose. Bitcoin investment can’t determine the growth of a business or company that’s the reason it’s wrong to go all in 100%, invest what you can afford to lose

Many obsessions come when someone feels interested in entering and joining the investment instrument in crypto, especially in BTC, of ​​course in the end expecting profit, whether the results are maximized or not. But, apart from all the general descriptions of those who have done all this because they see the opportunities and potential for long-term growth of Bitcoin and investable security such as gold or silver, guard against the protection of the value of the assets owned from the impact of inflation and currency devaluation that we know the value is decreasing over time. Of course the technique goes back to each individual.

[barisbilgili]

I remember some speakers in business classes and they said an effort to grow the value of the money we have and almost most of them said crypto and although not very specific if people are able to examine the discussion further then actually bitcoin is already the best investment now.
Making bitcoin as the main source of income in the process of supporting life is not very appropriate because we need other jobs as an effort to continue to make money.
Although there are some people who do make money from trading but they are already quite stable in terms of finances.

They also try to make money from other activities such as building a business or building financial strength in other sectors. For people whose finances are unstable then the only source of income from bitcoin will not be profitable because of the price fluctuations that occur in the market.

It is undeniable that Bitcoin is currently believed to be the best investment for the future, from what happened since the past makes many people believe that things that will be able to return in the future so that it is undeniable to make Bitcoin the best investment.
However, regarding the use of Bitcoin to invest in the future or take advantage of trading to become the main source of income, I think everyone will have a different view on this and from all that can still be done if you do master the knowledge.

And personally I think having a business and investing in Bitcoin is definitely a wise step to get big profits in the future from the investments we make and both of these are interconnected if run to achieve their investment goals, I think there will be quite a lot of benefits that can be obtained in investing if we also have a business in real life.

[GeorgeJohn]

Bitcoin is a source of income when you understand the investment of Bitcoin very well, my self I used Bitcoin as my side hustle, but that will not make me not to take Bitcoin serious the way I should have done, but the thing is that their is some people who does not know how to invest in bitcoin, but for me Bitcoin is good to invest on, mostly when you have something that gives you money from another angle, but when you don't have anything doing and you base on bitcoin I think when you experienced loss on it you will feel sad, that's why anyone who investing bitcoin should use bitcoin as second option not as base needs of surviving.

[Dewi Aries]

First I will say that it is very wrong to make bitcoin as the only place to earn income, and besides how can you always survive while you will only get profit after you have passed a long time in waiting, and also it cannot be denied that of course there is no guarantee that in the next few years you will profit, because it is still possible for you to experience losses when bitcoin turns out to experience a significant decline.

Basically bitcoin can give us profit, but there is not always a guarantee that you will always profit because in any case the risk will always be a possibility that will continue to lurk, and this is the reason why it is better to make bitcoin as one of the few places that give you income, or what I mean is you need to have other activities or jobs to support your daily living expenses while continuing to increase the amount of your bitcoin accumulation.
Oh yes, this is also the reason why we are prohibited from investing with money that you will use for other things that are more important in your life.

[JeffBrad12]

Whoever is seeing bitcoin as a source of income is making a big mistake firstly where and how do they get the money used for investing if bitcoin is seen as a source of income? This is impossible not because bitcoin is volatile but, bitcoin investment is not a short term investment so planning any short profit will only make an investor regret with lose. Bitcoin investment can’t determine the growth of a business or company that’s the reason it’s wrong to go all in 100%, invest what you can afford to lose

there are fair amount of people making big money through trading, I think it's viable, but only limited to select few who actually has bright mind to be able to win in the market.
basically only 1 out of many people are profitable enough to sustain trading bitcoin.

though I agree, making bitcoin as primary source of income just feels irresponsible, knowing that market could crash anytime, just see recent market occurrence, crashing after war escalated, there were many people who got liquidated and is in a bad shape. had those people make BTC investing or trading as their main source of income, they'd be screwed over.

[tottong]

It is undeniable that Bitcoin is currently believed to be the best investment for the future, from what happened since the past makes many people believe that things that will be able to return in the future so that it is undeniable to make Bitcoin the best investment.
However, regarding the use of Bitcoin to invest in the future or take advantage of trading to become the main source of income, I think everyone will have a different view on this and from all that can still be done if you do master the knowledge.

And personally I think having a business and investing in Bitcoin is definitely a wise step to get big profits in the future from the investments we make and both of these are interconnected if run to achieve their investment goals, I think there will be quite a lot of benefits that can be obtained in investing if we also have a business in real life.

Making bitcoin the only source of income to meet the needs of life is not right, especially for people who do not have a stable income.
Some traders may have some income outside of trading in bitcoin so they can adjust but if bitcoin is the only income then it will be quite problematic when the price drops.
This is not about knowledge but rather how someone understands that the more sources of income obtained will provide much greater opportunities in investment.

But if you only rely on bitcoin as one of the incomes, it will still be a bit problematic when the market experiences a sharp decline.
Doing business while running an investment in bitcoin is a much better choice because we have the opportunity to continue to add to the number of asset ownership and for our daily needs we can use the money from the business.

[Yucky]

When you have one source of income, then you don't consider yourself to be wealthy. You can say you are rich, but not wealthy. To be wealthy over time, you need to have multiple streams of income. You don't rely on one income source because anything can happen and not a volatile one like Bitcoin because it can dip. So you can't really trust it to save the day all the time.

It's good to have a stable offline source of income, invest in business, invest in anything you want to while ensuring to have two to three source of income, so you can be sustainable. If one is going through a dip period, the other can sustain you, come through for your emergency fund, help you to pay off bills, and not be broke.

So, while investing in Bitcoin is a really good option and a digital asset that can move around with you, try not to rely only on it. Ensure to understand other businesses online and offline and give them a try.

[NotATether]

When you have one source of income, then you don't consider yourself to be wealthy. You can say you are rich, but not wealthy. To be wealthy over time, you need to have multiple streams of income. You don't rely on one income source because anything can happen and not a volatile one like Bitcoin because it can dip. So you can't really trust it to save the day all the time.

If that one job makes you millions dollars per year then you can consider yourself to be wealthy though Just look at all of these CEOs on the Fortune 500, with their on the S&P and NASDAQ. Most of them only do the one leadership job. But they have other investments like stocks and real estate that do go up as well.

I mean, I just read some news that Zuckerberg just got a couple bullion more dollars from his investment somewhere. So that kind of proves my point.

[uswa56]

When you have one source of income, then you don't consider yourself to be wealthy. You can say you are rich, but not wealthy. To be wealthy over time, you need to have multiple streams of income. You don't rely on one income source because anything can happen and not a volatile one like Bitcoin because it can dip. So you can't really trust it to save the day all the time.

It's good to have a stable offline source of income, invest in business, invest in anything you want to while ensuring to have two to three source of income, so you can be sustainable. If one is going through a dip period, the other can sustain you, come through for your emergency fund, help you to pay off bills, and not be broke.

So, while investing in Bitcoin is a really good option and a digital asset that can move around with you, try not to rely only on it. Ensure to understand other businesses online and offline and give them a try.

With the existence of several sources of income, it will certainly be very helpful for us in accumulating wealth, because most of us see that those who have several sources of income certainly have a lot of wealth even though they do not show themselves to be rich and rightly as you said we will not be able to become rich if we only rely on one source of income and related to Bitcoin I think these assets will be good for us to use as assets long-term investment and if we hope to earn from Bitcoin, of course we have to wait to be able to make a profit from it.

Having a stable source of offline income, of course, this will be needed by anyone and if we can run several investments at the same time, of course this will be very helpful in accumulating a lot of wealth and also the income we have will still exist if something happens from one of the investments or businesses that we run,  Regarding emergency funds, of course, we must always prepare them because we never know when we need the funds and if we don't prepare in advance, of course this will be very difficult when we need the funds.

[Republikcoin.com]

Yes, bro, before we start investing in Bitcoin, we must first understand how it works, and how we can anticipate losses. Indeed, in investing, ups and downs are normal, but we must have guidelines to equip us to go through it all, we must also preparing a strong mentality for our own stability in facing all problems, a strong mentality will maintain our pattern of stability in investing, that way we won't make mistakes in making decisions.

Everyone just needs to understand it and does not have to be dizzy when they want to invest in Bitcoin because for me investing in Bitcoin is quite simple and can be done by anyone who already knows Bitcoin and also knows how the Bitcoin cycle is in the market. And in any case, everyone actually needs to prepare their own mentality and knowledge so that we have a unique way and way to deal with various conditions when running any investment at any time. So you don't need to think that it is complicated because if you think like that, it is clear that you will always think that it is very difficult and not easy to do.

[Sticky Bomb]

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.

To get good profits from Bitcoin, you must plan to invest for at least 4 - 10 years or more. The longer your investment stays the more profits you'll get as Bitcoin price appreciates consistently over the years. You don't need to cast your hope on your investment. It should be as good as a forgotten activity, else you'll be constantly traumatized by the price volatility of Bitcoin.

You also need to invest with your descretionary income and not your emergency funds so you can be sure of not ordering in your investments over a shorter period of time.

[Jegileman]

Yes, bro, before we start investing in Bitcoin, we must first understand how it works, and how we can anticipate losses. Indeed, in investing, ups and downs are normal, but we must have guidelines to equip us to go through it all, we must also preparing a strong mentality for our own stability in facing all problems, a strong mentality will maintain our pattern of stability in investing, that way we won't make mistakes in making decisions.

I have mentioned this earlier that investing in Bitcoin requires one to make some research about how the blockchain system works, especially when you're still a novice. As a novice you need to learn how the investments work and which of the investment approach you wish to adopt as well as the volatility of the market. If you're investing short term HODLing, you will need to thoroughly understand the rice and fall of the market. As an investor in the cryptocurrency, you also need to stay informed about the regulations and market trends and how that can significantly impact on the bitcoin prices.

[Nothingtodo]

There are of course differences between investing in Bitcoin and other businesses depending on the level of risk involved.  If one is aware of all the risks involved in investing in Bitcoin then one can definitely invest in Bitcoin along with other businesses.  Also for those who don't have deep knowledge on Bitcoin it will definitely be better for them if they spend their time in other business not Bitcoin.  It is not right to advise or ask someone to invest in Bitcoin without being an expert in Bitcoin. If someone wants to invest alone, then he should first be advised to gain knowledge about Bitcoin before investing in Bitcoin.

[@nn@_pen9]

Whoever is seeing bitcoin as a source of income is making a big mistake firstly where and how do they get the money used for investing if bitcoin is seen as a source of income? This is impossible not because bitcoin is volatile but, bitcoin investment is not a short term investment so planning any short profit will only make an investor regret with lose. Bitcoin investment can’t determine the growth of a business or company that’s the reason it’s wrong to go all in 100%, invest what you can afford to lose

What you say is true, of course it is very difficult if we only rely or hope on one source of assets that we have to get income there. What we have to do is of course how we create various other sources of income so that we can survive the hardships of life. If we invest 100% of course it would be the same as committing suicide for ourselves, investing is the same as opening a business and no business will immediately succeed in the short term.