Bitcoin investment, a new business, your advice.

[mirakal]

So, when it comes to investing I'd always choose bitcoin above all other. Just do the math. Bitcoin is better than gold, stocks, real estate... It's the best thing you can own right now.

This comparison becomes a bit different when it comes to bitcoin vs business, because a business can bring incredible profit, but it can also go bust. I'll give you an example. I know 2 guys who are in the car business. One is a mechanic and he doesn't do bad money. He's decent and makes decent buck, but probably comparable to what he'd make investing in bitcoin, just that he would be able to relax while his wealth grows by itself. The other is a detailer and his job is pretty easy. He just cleans cars and that job pays more than the mechanic is making. He built a brand and is killing it so in his case choosing bitcoin would be a mistake. IMO its worth starting a business if you know what you're doing and are good at it.

You are right there, know your investment well before you start risking it. However, it would give us maximum results if we stick with both of them. Let’s keep investing into bitcoin, and build up a business as well that will suit to your interest and skills. You don’t have to chose one, but invest and do business as well, I know it’s a matter of risk and time management. If you can be patient with bitcoin, most probably you will also do good with your business as long as you keep its high demand.

[The Cryptovator]

We really can't forecast where Bitcoin will be after eight years. Investing in Bitcoin is definitely a good thing, but it fully depends on your financial situation. Your idea about investing in Bitcoin is good, but we can't assure you if the amount at the end of eight years is enough to start your offline business. Because it depends on your country's economy. In my country you can even start a business with $1K, though it will be a very small business like a tea stall.

I will advise starting a business before you start investing in Bitcoin if you have enough money to do so. It will help you to invest more amounts in Bitcoin. Since you are studying, then you can do a part-time job as well if you don't have enough capital to start any business. So earning from the part-time job also helps you to invest more. For choosing a business, you have to consider your local needs so you can get a good result.

[uneng]

But I try to invest at least eighty to ninety dollars in Bitcoin every month.

That is a low investment every month you are making, what means you are going to have more or less 1000$ invested in BTC after one year. If we were in the early years of Bitcoin, then it would be an enough amount of money to make fortune after some market's cycles, but we aren't on those days anymore. Nowadays Bitcoin doesn't increase that much in price like it used to do. And since we are at a bull market at this moment, it's even harder to predict how much your investments will be pricing in the following year.

There is also the possibility you face some losses along the way, considering a bearish market is to come. In every cases, since that is the amount of money you can invest in a monthly basis, continue doing this. Meawhile, study your local market in an attempt to find out which kind of business is the most recommended one to be started where you live. Analyze potential services and products you can offer to the public. Do small experiments to check what works and what doesn't.

[Orpichukwu]

The amount you schedule to invest in Bitcoin on a monthly basis is okay; if you can keep that up before the end of your education, you will be able to gather up enough Bitcoin, which can give you the profit you can start up anything with, but the type of business you can decide to go into will be a personal something and will be decided based on what you are good at and providing what the people want, as the demand for such products will be on the higher side.

[Botnake]

I have this mindset that bitcoin should not be our end game. The reason why we exert a lot of efforts, save and invest at a consistent basis, and patiently understand the market’s unpredictable changes, that’s because we have our final goal after bitcoin, and that is to establish a business that will bring us passive income throughout its existence.

So while bitcoin is here, keep digging in and seize every opportunity that comes, so that when bitcoin disappears in the market if ever, then we can proceed to our next and final goal which would bring us financial freedom in the long run.

[lovesmayfamilis]

OP, you always need to be a realist. There is not a single person on this forum who will confidently tell you in which industry you need to invest your knowledge and what will happen in the next seven to eight years, the time during which you are going to grow in knowledge and age. The only thing that will be the right step for you, given that you are ready to wait and you have free funds, is to start investing now. Do not wait for the best price; do it when possible. What will happen next depends on you. It is difficult to create a scenario since life is unpredictable. It is important and valuable that you understand that knowledge is always necessary, and as you increase it, your demand will grow proportionally. Part of the investment that you will have in the future will help you in determining those opportunities and those goals that you will stubbornly achieve.

[hyudien]

First of all I appreciate you for understanding that it takes a long time to profit from bitcoin and before you actually finish your education you have taken the right step by buying bitcoin regularly I am quite sure you can profit if you consistently accumulate but for business matters you have to find out for yourself what business is right for you, I can only advise you to study a business that you are really interested in.

[jcojci]

Let say you want to start an agro farm. You need to research what you can do and what the market needs then you can create the business.

While you still invest in Bitcoin, you should learn many things about agro farm so when you graduate, you can directly know what you need to do. If you graduate along with your Bitcoin investment finish, you can use the profit and start creating the business without taking too long.

No matter how much money you want to invest in Bitcoin, you must discipline to run the investment until the time line ends. It is not easy to stick to your plan so you need to focus on your Bitcoin investment first and your education.

[Cpt_reader]

Most tokens follow Bitcoin because you will see that when the price of Bitcoin increases, all of them increase and when the price of BitCoin decreases, the price of each token decreases drastically. But the interesting thing is that although the price of Bitcoin decreases and then recovers, the chances of any other token recovering are very low. That is why I always support Bitcoin. Investing in Bitcoin is like buying and holding gold. Although the price of Bitcoin decreases temporarily, if you hold it for a long time, you will definitely get profit. I think buying Bitcoin will be a dream after the next 10-20 years.

[BABY SHOES]

If you are now still in the education stage, it's better to dig up more information about the business you are planning and start finding out how to start it ... so when you are ready in the next 8 years you have everything including the capital in the investment.

To start an agro match it requires a lot of capital, right? Unless you already own land then you don't need to buy it... just buy other necessities for farming.

If my advice is that if the funds are still focused on bitcoin investment then it's better to just go to bitcoin, because it's still a long time you can think about this later or learn first how to do business or agro farming.

[Popkon6]

Maybe many people may ask me what is the amount of your investment or whether you are investing weekly or monthly.? In answer to this question, I will say that I am investing monthly, but the amount of investment is not fixed, I invest that amount whenever I get the money. But I try to invest at least eighty to ninety dollars in Bitcoin every month.
I hope that the thought that I have centered on Bitcoin will be correct and I want to know your valuable opinion on this matter.

Since you want to keep your investment alive for seven to eight years, of course I can say that it is under the scope of long-term investment. And if I calculate this, you will be able to hold two bull seasons, if you want to keep Bitcoin folding alive, then you can build a business or agricultural farm with the profit of this Bitcoin investment capital. Bitcoin investment is the only long-term way that is most suitable and it is possible to get more profit, but if you have invested monthly according to the DCA method, then you will continue this investment regularly and do not create a gap in any month.
Whenever more Bitcoin is deposited in your portfolio, your mind will try to add more money, then you will definitely be successful and you will be able to collect huge money in the future. Patience is the only main tool in this at the present time because the Bitcoin that you are depositing along with education and planning for the future is the best.

[macson]

I don't have any business ideas for you, but your alternative to enter the agro farm is quite good, because now the demand for organic agricultural products and local agro-industry products continues to increase and it can be a good opportunity for you to earn money from there.

while your plan to invest in bitcoin is the right thing. you plan to invest monthly and consistently to do it in the long term with 80-90 dollars is still a reasonable amount to start with, especially you said that if you have the opportunity to get more money, you can invest more money each month. that should be right. it's just you who should be able to adjust it to your financial condition. don't push it too much. you have to prepare emergency money and don't be reckless to sell when the market is bearish.

there's not much I can suggest, your investment plan is right and you should be able to see business opportunities in the area where you live. but my only suggestion is that you need to hold your bitcoin in a non-custodial wallet and take care of it properly. and you need to be consistent with your investment plan. good luck to you.

[Raflesia]

That's not a bad plan regardless of how you buy monthly or weekly I don't think it's a problem because it's all in your own planning and in this case I quite like your enthusiasm now because even though for some people even say that bitcoin is too expensive but buying now for a certain period of time as you want to achieve in planning I think it's very good to do.

The most important thing in this case is how you exercise control over yourself because in the end something like this can only be created when you can be consistent in working on what you plan because not a few people who invest in bitcoin doing DCA with weekly or monthly purchases actually stop in the middle of the road because they are always tempted by the benefits that exist even though they realize that it is not the goal they want to achieve but not a few people who actually leave even before their goals are realized. Although all the benefits are good enough, I think in this case when our goal has been determined, it will be more optimal if we continue the goal to the end without seeing the small benefits that have been obtained.

[blockman]

Just keep on doing it. Do not listen to the negative thoughts of people that will doubt how this will be ending. You are on your initiative and the results of it best or worse will be on you. While the critics, they're only good in criticisms but they don't have their own results yet and so, they like to tune in to others journeys like yours and giving their opinions as if they're important than what you're actually doing. No one will know on how it will end but as long as you're doing it consistent and you'll able to save significant amount of BTC with your continuous DCA, you shall reap that in the future whichever business you would like to setup through the profits that you'll make through it.

[Cryptohygenic]

It all just depends your choice of location where you want to do the business and then lookout for people in that areas demands.
So since I don't know any of these of you, I think it would be difficult to recommend you to anyone. So, it is your duty to do the survey.
Every kind of business is potential to produce income but when you find yourself in a competitive one, then you will have to discover or apply your own marketing strategy.
You also know the total amount of bitcoin in this course which also makes it weird for anyone here to tell you of how much to use in the business.
The only advice I can chipping to this is that you should not sell the whole of your bitcoin for stocks instead diversify.
If your invested funds on bitcoin could give you an amount of money to start up a business which you have not been able to achieve all the while you never invested on bitcoin, then it should entail you that there is a treasure in bitcoin that is worth investing on.

[HONDACD125]

You know that the price of Bitcoin is volatile, and it can go up or down at different times. We have bear markets and bull markets, and the price tends to go from up to down when a bear market approaches, and it goes the other way around when the bull run arrives. So, your question about whether you will be able to set up a business with your Bitcoin after you finish your education, it totally depends on the price of Bitcoin at that time and the amount of Bitcoin you would have accumulated by then. If you manage to accumulate 3 Bitcoin, for example, and the price of Bitcoin will be around $150k, then you will have $450k to start a business; however, if the price of Bitcoin will be at $50k, you will only have $150k, so there can be a difference in capital due to the price of Bitcoin.

Now, it would depend on the type of business you are going to start, and the size of your capital will also determine how big of a business you can start with it because the lower the capital, the smaller the business will be because you will need more money to start a bigger business.

[Tmoonz]

starts thinking that at some point in his life he will not be a successful businessman, but he will be a successful entrepreneur, and some people think at that time that he will do a good job. Many of those who think like this after becoming an adult are involved in investing in Bitcoin, I am only talking about these things for those people who are investing in Bitcoin now and at some point who want to set up a good business with the capital and profits of this investment. In this case, if someone wants to do this, what would be your advice for him. For example, I am now investing in Bitcoin and I will invest continuously for another seven to eight years and during this period my education will be completed.

After completing my education, I am planning to set up a good business, in that case, will I be able to set up a good business with my total Bitcoin at the end of this specific time. If I try to set up a good business, which business will be the best for me. If I do not find the right business, I have another alternative in mind, that alternative is to start an agro farm. Now my question is whether I can start this agro farm with the total amount of my investment.

Maybe many people may ask me what is the amount of your investment or whether you are investing weekly or monthly.? In answer to this question, I will say that I am investing monthly, but the amount of investment is not fixed, I invest that amount whenever I get the money. But I try to invest at least eighty to ninety dollars in Bitcoin every month.
I hope that the thought that I have centered on Bitcoin will be correct and I want to know your valuable opinion on this matter.

Surely the profits of our Bitcoin investment is directly proportional to the size of our Bitcoin portfolio and considering your timeframe is a good one at least it is up to 1 to 2 cycles such that there is high chance of having the compounded value of your asset over time but however, while considering the kind of business which of course should solely depend on what you can have interest on by then because any business ideas given to you now might not be valid to you by then for now you have to focus more on how best you can work on your finances as well as increasing the amount you invest to your Bitcoin if possible 7 to 8 years is a long time to start talking about the kind of business to do with the profit you will get from Bitcoin investment, I will also advise to think towards being strategic when it comes to withdrawing from your Bitcoin.

[Davidvictorson]

After completing my education, I am planning to set up a good business, in that case, will I be able to set up a good business with my total Bitcoin at the end of this specific time. If I try to set up a good business, which business will be the best for me. If I do not find the right business, I have another alternative in mind, that alternative is to start an agro farm. Now my question is whether I can start this agro farm with the total amount of my investment.

You have to relax. It sounds like you are worried about the future which for you is about seven to eight years from now. When that time reaches, you will know what buisness you want to go into and it may surprise you that an agro business will not even be it. Your expereinces within this time will inform the business to go into when that time reaches.

In answer to this question, I will say that I am investing monthly, but the amount of investment is not fixed, I invest that amount whenever I get the money. But I try to invest at least eighty to ninety dollars in Bitcoin every month.
I hope that the thought that I have centered on Bitcoin will be correct and I want to know your valuable opinion on this matter.

Whatever amount you want to investment monthly, keep doing it. It is the consistency that counts. While you are at it, ensure that your bitcoins is secured. Centralized exchanges are the worst place to keep it.

[Hazink]

First of all I appreciate you for understanding that it takes a long time to profit from bitcoin and before you actually finish your education you have taken the right step by buying bitcoin regularly I am quite sure you can profit if you consistently accumulate but for business matters you have to find out for yourself what business is right for you, I can only advise you to study a business that you are really interested in.

7 to 8 years is a whole lot of time, which, if he's consistent in what he does, he will be able to accumulate enough bitcoin, which, even without a price increase, will be a heavy sum of money put together. Adding to that the profit that can be made off it and the time the OP has to decide, his choice of what to invest in will be changing over the years based on the knowledge he acquires from school and the things which he might witness with his own eyes. Then the best choice will be decided based on what he's actually good at. at.

[livingfree]

7 to 8 years is a whole lot of time, which, if he's consistent in what he does, he will be able to accumulate enough bitcoin, which, even without a price increase, will be a heavy sum of money put together. Adding to that the profit that can be made off it and the time the OP has to decide, his choice of what to invest in will be changing over the years based on the knowledge he acquires from school and the things which he might witness with his own eyes. Then the best choice will be decided based on what he's actually good at. at.

We might even see $500k by that time if he's very consistent holding it and the best scenario could be $1M per btc.

So if he accumulates even just 1 BTC like what we tell people as the dream of everyone, that will be more than enough for his business plans.

But with the rising cost of everything aka inflation, the value might be little less but as btc is a btc, and a million dollar or half of it will still be a lot.