Bitcoin investment, a new business, your advice.

[Platinumys]

Setting up a business is good because only focusing investment in one area is not something that should be advised because people should be able to create wealth in any sector or business that is not eligible but my problem is you are planing on investing with all your money including the capital and profit that you made from Bitcoin invest into another business I don't think that it's a wise thing to do, you can diversify into other sectors but not with the whole money that you make the best thing to do is to make sure that you take your profit and invest into other business be it in the agro industry or not taking only the profit from your investment in Bitcoin will allow you to continuously reinvest back to Bitcoin again because Bitcoin is one thing that is always appreciating so the chances of you making more profit is too high

I started investing with the hope that I would get a good profit from the investment at a certain time. The profit that I will get after investing continuously for a long time is an additional advantage for me, but for this time, I will continue to invest continuously. Another advantage of investing in Bitcoin continuously is that if I had not invested, I might have spent this investment money on something else, as a result of which I would not have received sufficient capital when starting a business. You can imagine that I am saving money through coins thinking that I will start a business in the future, and besides, I will benefit from the increase in the price of Bitcoin, which is an additional support for me. I may not have been able to convince you in the way I planned, but I think I am right in my plan so far.

[henry_of_skalitz]

Location is an important thing when it comes to business, your location will determine the kind of business that will one can fit in.

And also jumping into a business you don't have an eye on or some good experience is not encourage because if not been careful such business can crashed down before some months.

One can aswell ask around to know the kind of things people always ask for and sometimes get it difficult to find most people started a little business just like this.

It would be better off to have a friend or a person that would help you to start out: knowing the details would be much more beneficial for a starter, especially if the tips given would be sincere.

[Josefjix]

Why are you planning to leave a cryptocurrency world and focus on agricultural world with the profit from cryptocurrency investments, that's improper I must air out.

Yes, it's certain that you have a vision that only you understand clearly but it would be more excellent that you have a digital vision as well as a cryptographic investment plan towards today's era of web3 and AI and even more.

I would advise you to use your investment funds to refocus on any digital means of business out there, it would fetch far better making your business even go global than you may even expect.

[finaleshot2016]

This is good tbh, we really need to think about the long-term part because it's important, education and bitcoin is a solid combo, and having a business vision is powerful. If you stay consistent with your investments and your goals, and BTC keeps growing like it historically has, there's a good chance you'll build a solid amount of capital in few years.

Since we're targeting for long term, we shouldn't be fearful even the market is not good, this is just a test if we really deserve those good investments. And for the business, of course you should find a good business that fits you and also that's needed by the consumers, with that kind of thinking you can really grow quickly soon.

[Furious 7]

This is good tbh, we really need to think about the long-term part because it's important, education and bitcoin is a solid combo, and having a business vision is powerful. If you stay consistent with your investments and your goals, and BTC keeps growing like it historically has, there's a good chance you'll build a solid amount of capital in few years.

It is indeed a wise step to take especially for those who are still quite productive where young ages are now still very dominant in the crypto linkup space, especially bitcoin, which makes additional enthusiasm of course.

It's just that what needs to be considered in this case is the process because not a few people also fail and get off the path they have prepared just because of the lack of mentality they have which in the end makes them lose momentum and end up with regret.

Learning becomes a good step to support so that we remain confident and firm in what we already believe because this can indirectly become a reference, especially for now which is undeniable when bitcoin is increasingly recognized by many people, not a few of them also try fomo without any basic learning being done which is very detrimental.

[Yamifoud]

Execute your plan. We never know the outcomes of such a plan if we don't do it. They are in doubt and question your capability, so let them see how you work on it with Bitcoin.

But I warn you also that many people try running a business but fail. I will tell you that this is not only about money but also about knowledge and decision-making. Choose a line of business that will satisfy the people's needs, not just because it comes to your mind. You have a lot of plans; you'd rather focus on one. Don't think about the alternative one because you already mean that you will fail the first plan.

[JiiBs]

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.

Your introduction to the thread is a little cranky, don’t know why you had to start the sentence like that, it makes the OP less appreciated but, it’s okay.

Meanwhile, should you invest continuously in Bitcoin for at least 8 years, that would be you to have withered at least 2 Bitcoin halving which would mean, you’ve seen 2 bearish markets and bullish moves. Of course these moves comes with investment opportunities and an opportunity to make certain % in profit from your investment. So yes, if you aren’t looking for something so mind blowing, you would have just enough to start up a business of choice.

[Bd officer]

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 plan to hold the investment for 7-8 years and you invest $80-90 every month which is very good. Do you invest with all the money from your income? We know that Bitcoin is risky, so you should not invest all your money in Bitcoin. You should keep an emergency fund. You should not invest more than you can afford to lose. Now we know that Bitcoin has good potential in the future, but no one can guarantee that you will be profitable after 8 years. But Bitcoin has proven in the past that Bitcoin will be profitable in the long run. Now if you invest about $80-90 every month, if you can continue investing for 7-8 years then you can hope to have an agricultural farm. Best of luck to you.

[knowngunman]

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.

I just did a rough calculation using a minimum amount and year from your information. If you are consistent with your accumulation until that time, you'll around almost $7k which is not bad to start something with. However, you need to be aware of what bitcoin is all about and the risk involved so you won't later be caught unaware. Secondly, I would advise you to specialise in one area while you are still studying so you can have more knowledge about that specific area and start from their after your graduation with the capital/profit you realise from your investment. Survival is all about planning and when you get your plans rightly, things will definitely fall together in your favor.

[Iranus]

Meanwhile, should you invest continuously in Bitcoin for at least 8 years, that would be you to have withered at least 2 Bitcoin halving which would mean, you’ve seen 2 bearish markets and bullish moves. Of course these moves comes with investment opportunities and an opportunity to make certain % in profit from your investment. So yes, if you aren’t looking for something so mind blowing, you would have just enough to start up a business of choice.

What do you rely on to ensure that the market cycle will always repeat itself? How do you explain Bitcoin hitting ATH before the halving this cycle, and what guarantees that the market cycle is repeating itself this year?

8 years is not a short period of time and during that time, no one knows what will happen and anything can happen. So, in my opinion, once we have decided to hold BTC for the long term, we should not care about events, developments or fluctuations in the short and medium term. We should just focus on our plans, not let short-term developments distract or disrupt our long-term plans. Also, bitcoin is risky so only invest money we can afford to lose.

[john_egbert]

Meanwhile, should you invest continuously in Bitcoin for at least 8 years, that would be you to have withered at least 2 Bitcoin halving which would mean, you’ve seen 2 bearish markets and bullish moves. Of course these moves comes with investment opportunities and an opportunity to make certain % in profit from your investment. So yes, if you aren’t looking for something so mind blowing, you would have just enough to start up a business of choice.

What do you rely on to ensure that the market cycle will always repeat itself? How do you explain Bitcoin hitting ATH before the halving this cycle, and what guarantees that the market cycle is repeating itself this year?

8 years is not a short period of time and during that time, no one knows what will happen and anything can happen. So, in my opinion, once we have decided to hold BTC for the long term, we should not care about events, developments or fluctuations in the short and medium term. We should just focus on our plans, not let short-term developments distract or disrupt our long-term plans. Also, bitcoin is risky so only invest money we can afford to lose.

Our target price should be reached, and that is all that matters, knowing fully well that it - will - happen, we just don't know exactly when.

 

[justdimin]

Setting up a business is good because only focusing investment in one area is not something that should be advised because people should be able to create wealth in any sector or business that is not eligible but my problem is you are planing on investing with all your money including the capital and profit that you made from Bitcoin invest into another business I don't think that it's a wise thing to do, you can diversify into other sectors but not with the whole money that you make the best thing to do is to make sure that you take your profit and invest into other business be it in the agro industry or not taking only the profit from your investment in Bitcoin will allow you to continuously reinvest back to Bitcoin again because Bitcoin is one thing that is always appreciating so the chances of you making more profit is too high

Yeah, the best way is to take the profits that your investment has made and keep the capital invested so that your investment keeps bringing you profits over time. You also have a business that you can run and grow over time; this way, you won't have a single source of income. Over the time, you can increase the income streams by using both the profits you are earning from the investment and the revenue generated from the business, to start new start-ups or small businesses and have more income over time.

If someone invests in Bitcoin, waits for a decade or so, and then withdraws the whole investments with the profits then it would seem that that whole period got wasted because for them to start again from that point will take a lot of time, but if they keep some assets idle, they won't need to worry and they can just keep taking out profits they get over time.

However, market dips can reduce the value of their assets if it happens.

[henry_of_skalitz]

Setting up a business is good because only focusing investment in one area is not something that should be advised because people should be able to create wealth in any sector or business that is not eligible but my problem is you are planing on investing with all your money including the capital and profit that you made from Bitcoin invest into another business I don't think that it's a wise thing to do, you can diversify into other sectors but not with the whole money that you make the best thing to do is to make sure that you take your profit and invest into other business be it in the agro industry or not taking only the profit from your investment in Bitcoin will allow you to continuously reinvest back to Bitcoin again because Bitcoin is one thing that is always appreciating so the chances of you making more profit is too high

Yeah, the best way is to take the profits that your investment has made and keep the capital invested so that your investment keeps bringing you profits over time. You also have a business that you can run and grow over time; this way, you won't have a single source of income. Over the time, you can increase the income streams by using both the profits you are earning from the investment and the revenue generated from the business, to start new start-ups or small businesses and have more income over time.

If someone invests in Bitcoin, waits for a decade or so, and then withdraws the whole investments with the profits then it would seem that that whole period got wasted because for them to start again from that point will take a lot of time, but if they keep some assets idle, they won't need to worry and they can just keep taking out profits they get over time.

However, market dips can reduce the value of their assets if it happens.

The profits should be taken gradually - to maximize the results and see what your investment may be able to bring in even longer time frame.

But it all depends on the person in question and what are his needs: if he needs to cash out, nobody would stop thim..

[Marvelockg]

There's nothing wrong about having a set out plan regarding how you choose to spend your bitcoin holding based on things you've considered to be a very good alternative of investment other than bitcoin. One mistake any investor will make is to assume that even though they have spotted an alternative place of making an investment that they should rather stay completely in only bitcoin.

The agricultural sector is not doing bad and there are quite some modest businesses that have great potential of yielding a very good returns. Investing in those sources can even become a means through which you can go back to investing investing in bitcoin and having a great sources that will complement your investment to yielding great returns in the long run.

Investing in bitcoin is good but it does not make investing or going into other things not worth it. A ten years bitcoin investment should have yielded returns that will be strong enough to be okay for taking of profit it the owners dims it so.

[HONDACD125]

There's nothing wrong about having a set out plan regarding how you choose to spend your bitcoin holding based on things you've considered to be a very good alternative of investment other than bitcoin. One mistake any investor will make is to assume that even though they have spotted an alternative place of making an investment that they should rather stay completely in only bitcoin.

Of course, there is nothing wrong in exploring other areas of investments or try making money from other sectors, all one needs to do is to make sure that the sector or investment area they are about to get into is better than the one they are currently in and then they can convert some of their capital into the new business or investment so that they have some diversification because sometimes, one investment might give you better returns than the other.

That being said, if someone wants to move into another investment reducing their capital from Bitcoin, but they find out that the new investment might not give them better results than Bitcoin, then I see no reason for them to go for it because if you let the money in Bitcoin and get better returns, then let it be, and only diversify if you believe the other investment is also going to give you good results.

Research is always important before taking any steps because that saves you from unrealized losses.

[Cpt_reader]

There is a saying that no risk no gain. Although investing in crypto currency is risky, the potential is high. I myself am a Bitcoin lover. However, I am in favor of holding for the long term. As the saying goes, holding is gold. I think investing $100 per month is enough. However, you have to hold it until at least one or two halvings. We have already noticed that the price has reached its highest after each halving, but you have to wait until a certain time. Even if you don't buy every month, you can buy it at each down.

$100/month is quite a lot and if you are aiming to save one or two times a Halving it will actually not be maximum,
you better determine at what price it will be sold at because the Halving will not always be the same as the current halving trend has completely changed from before.

Holding the long term and determining where the sell price you will target will be better,
as on the new ATH price target that may occur this year or in the near future if the crypto market improves again.

Thanks, of course, halving is not the main issue, but after each halving, Bitcoin reaches a new high within a period of time. And therefore, it can be assumed that after the halving that occurs every four years, Bitcoin reaches a new high after the halving.

[FortuneFollower]

Thanks, of course, halving is not the main issue, but after each halving, Bitcoin reaches a new high within a period of time. And therefore, it can be assumed that after the halving that occurs every four years, Bitcoin reaches a new high after the halving.

It is sometimes affected by the factors that cannot be controlled: however, the trend is there.

And it probably will be there for the cycles to come, or maybe there will be a super cycle one day.

[ndutndut]

Investing for the long term as you said is a good step to achieve the goal of opening a business from the profits gained from bitcoin investment. Because 8 years I think is good because there are two bitcoin cycles and as we know every bitcoin cycle will always reach a new ATH.

But actually both are good, investing first then doing business is okay, or doing business first then investing profits from the business for bitcoin is also okay. It all depends on your own goals because both are ways to achieve financial freedom in the future. But what is certain is that business has a greater risk, and has the potential to go bankrupt if it doesn't go according to plan. Indeed, Bitcoin investment also has risks, but usually lower than business. Business also requires more time and effort than investment.

[henry_of_skalitz]

Investing for the long term as you said is a good step to achieve the goal of opening a business from the profits gained from bitcoin investment. Because 8 years I think is good because there are two bitcoin cycles and as we know every bitcoin cycle will always reach a new ATH.

But actually both are good, investing first then doing business is okay, or doing business first then investing profits from the business for bitcoin is also okay. It all depends on your own goals because both are ways to achieve financial freedom in the future. But what is certain is that business has a greater risk, and has the potential to go bankrupt if it doesn't go according to plan. Indeed, Bitcoin investment also has risks, but usually lower than business. Business also requires more time and effort than investment.

Risks with BTC are minimal, as long as you go with the rules in place - and don't panic sell, of course

[Distinctin]

Your decision to invest in bitcoin will always be right, and you are doing the right steps towards a more sustainable and progressive investment. Now if you tend to hold longer and think a hundred times when to perfectly sell your coins, I’m confident to say that your agro business in the future will certainly be achieved.

Do not sell when others are selling in hurry, there is no positive outcome that comes from a hurried decision. Just know when to enter and exit the market well, so you can avoid and limit your losses throughout the process.