Topic: A portion of my clothing store's weekly profit is invested in Bitcoin (Read 572 times)

I also run an online store so I also like this kind of investment and my store is online. Where we sell clothes like this Sex Education Otis Milburn Satin Jacket because people take more interest in it. And the material of each of our products is perfect at once which makes the customer happy and our rates are also reasonable.

Yes, that should be the mindset of every investor. It cuts across, not just on Bitcoin. It's pertinent for you to nurture this mindset and grow with it in business because nothing should be taken as certitude and infallible, especially in the crypto industry which is highly speculative and full of surprises. It can make or mar anyone. Any cash that can be sorely missed shouldn't be put in cryptos. It's that simple an advice. Keep believing it.

Investing in bitcoin from ones profit is the best option, because of it's volatile nature. I've learned a lot from this forum that it is better not to trade or invest in bitcoin with all your capital, because you're not 100% sure of making profit. Except if it's on a long term investment. Like they day in this forum, it's better to invest what you can afford to loose.

if you think that when you invest in bitcoin then you are optimistic to get a profit you will only find a regret because there is no guarantee to get profit while you invest in bitcoin. It is not simply to just put a money in bitcoin then you got profit share, bitcoin is just not like a common share that will give you profit certainly.

Investing in bitcoin is a good choice, as you might even be more profitable in it than in your own shop especially that your everyday sales is not as high as before. However, you can also inform your active customers that you will also accept bitcoin payment in your shop, at least they don’t have to use cash anymore and just make use a portion of their coins. That way, not only you will promote bitcoin, but you will also gain additional income. The more bitcoin users in your shop, the more coins you will accumulate. In the end, even if you ran out of cash, at least you have sufficient amount of bitcoin that is obviously has greater value than fiat.

There's no doubt that you've made the right decision and you're in the perfect place to expand your knowledge about Bitcoin. It's commendable that you're not seeking quick riches, but instead, gradually investing a portion of your profits. I appreciate the strategy you've adopted, as it allows you to weather market crashes and survive even if your Bitcoin investment takes a hit, giving you the opportunity to wait for market recovery. It's important to emphasize that you have much to learn, and this forum will undoubtedly aid you in your journey.

Your decision to invest in Bitcoin is a welcome development. However, you should be aware that the crypto market is risky and that it is not always advantageous for investors. At the moment, the crypto market is particularly unstable for those looking to profit from their bitcoin investments to address problems.

have you tried to think differently? If your hopes for bitcoin's profits to help you pay your cloth shop's rent didn't pan out as you had hoped. Then, what will you do? Have you got a backup strategy?

I'll advise you to start a DCA for your bitcoin investment so you can take profits gradually and save them up before your lease on the shop expires.

That's a good move. But speaking of it business wise. I would suggest you to invest in Bitcoin if one point is satisfied. If the returns that bitcoin provides in say next 2 years is better than the ROCE of your business then it's a smart choice to invest in bitcoin if this condition is not satisfied then to be honest it's not that smart decision to invest your profits into bitcoin as you are taking money out of a more profitable thing to put it into a less profitable venture.

That's a very smart move, which I've also been wanting to do for a long time now. Unfortunately for me, I haven't stabilized my business yet, so I can't really invest until I do and I see that you aren't in a good position either right now. I would recommend investing smaller portions of money until the hard times pass and you have higher, more stable income and don't invest more than you are comfortable losing at this time.

Other than that, I think you have made a good decision just be cautious and hopefully you will help your economic state. I also recommend adding the possibility of paying in Bitcoin as you can maybe get a few new customers and make it easier for you to invest.

If you are aware and ready to fully acknowledge the risks due to being unpredictable and prone to market volatility, then I guess it's ideal for long-term investment.

It's like you are doing DCA (dollar-cost averaging) with Bitcoin by committing a portion of your clothing store's profit every week. As long you can afford to lose that amount weekly, then you have no problem with it even if the price is going down.

BTC and ETH are good for long-term while the rest of the altcoins are only good for short and mid-term. 

Each of our investment policies is different from each other, of course because maybe some of us will choose low risk investment assets over bitcoin. I wouldn't say no to bitcoin, especially in the long term. When you understand the potential returns you will get from investing in bitcoin over the long term, then you may be less exposed to the risk of volatility. After all it's still good that you use some of your business profits, it's a decision that I can consider wise on your part.

Saving fiat won't do you much good in the long term, that's because it continues to lose value over time. While you can also choose gold, but the profit ratio will definitely be lower than bitcoin.

Risky move to make but its not something that bad either considering that we've seen on how many times that Bitcoin shocked up the crypto space on reaching up new all time highs and this is where most investors

is really looking up into such probability and this is where they would really be having that kind of impression that they would really be needing to invest and accumulate as much as they could because we arent still
on a bull run yet and some doesnt really care about those times which they would really be that focusing when it comes to long term aspect. For someone who does have a business then integrating
Bitcoin payments or solely trying out to invest some of the portion of profits into crypto investment isnt really that a bad thing either.

We do have our own will and risks taking when it comes to this on which there might be some people who cant just bare up the risks but there are ones who would really be that risk taker on taking up such decision.

Your unwavering faith in Bitcoin mirrors that of many who have turned their back on traditional financial systems, and justifiably so. The demise of fiat currencies is as ancient as history itself. However, portraying Bitcoin as the ultimate saviour may be excessively idealistic. Could it be that the gleam of this digital treasure has rendered us oblivious to its potential pitfalls?

Yes, holding onto Bitcoin for the long term is a wise strategy, but it shouldn't be the only one. Diversification is essential in a market as volatile as cryptocurrency. Why not investigate other promising cryptocurrencies and blockchain projects instead of putting all of your eggs in the Bitcoin basket? Similar to being a supporter of a sports team, it is acceptable to support others. Remember that a crypto portfolio that is diversified is a smart crypto portfolio.

Congrats on your wise investment! I think that Bitcoin is always a smart choice, especially considering how many times fiat money has failed us in the past and keeps failing us to this day.

However you should keep in mind that Bitcoin is not a "get rich quick scheme" and you will probably not see amazing profits from your investment in the short term. You should hodl your coins for at least a few years at minimum. You should understand that an investment in Bitcoin is a profitable investment only in the long term. If you have bills to pay, especially in order to keep your shop open, then you should definitely consider keeping a large portion of your profits aside to do that. Otherwise you might have to sell your Bitcoin at a loss in order to pay your bills.

Maybe you need to be more strategize upon running your business and since many people dealing on social media right now why not go there and reach more people then introduce your business? Provably with that it can help you increase your sales.

Also good choice to be on bitcoin as alternative but make sure to have proper knowledge since eventhough we are in bit stable or sometimes it ups. There are still chances that price may fall so prepare on this incident so that you will not lose your money.

You have made a good decision to invest in Bitcoin. But you need to have a good understanding of Bitcoin. Since you are our Bangladeshi, you have to be very careful. Because Bitcoin is illegal in our Bangladesh, you may get into legal trouble. So you need to maintain privacy by investing in Bitcoin. Hopefully you will keep investing in Bitcoin for a long time. Hope you get good profit.

In my view Investors who believe in Bitcoin as a hedge against inflation argue that its decentralized nature, combined with its fixed supply, makes it resistant to traditional economic forces that can devalue fiat currencies. In other words, with Bitcoin, individuals can potentially reduce the risk associated with inflation. and protect their wealth.


Frankly, when it comes to Bitcoin, the one thing that keeps us thinking is its high price volatility. The value of Bitcoins can change dramatically in a short period of time, resulting in the potential for a decrease in the value of your investment, even to the point of losing it entirely. This factor makes Bitcoin considered a speculative and risky investment.

Why is Bitcoin volatility a concern? The value of Bitcoin can spike or fall significantly in a relatively short period of time. This causes high price volatility and is a source of skepticism for some people about the stability of Bitcoin investments. While this volatility also creates opportunities for traders looking to make quick profits, the risks associated with it cannot be ignored.

In some cases, sharp price fluctuations in a short time can make investors worry and reduce the estimated value of their investment. What's more, when there is a significant decline, there is a risk of a Bitcoin investment losing money or even losing all of the invested capital.

But I think it's also important to recognize that price volatility is not unique to Bitcoin. Even traditional financial assets such as stocks face similar price volatility. Why is that? In fact, some Bitcoin proponents argue that with a proper understanding of the market and a good risk management strategy, Bitcoin price volatility can be exploited as an opportunity to profit.

It seems you are a little late, I mean your shop is already earning less. If only you did that before, maybe you can allocate more money in Bitcoin and you already have a nice amount of Bitcoin now. I'm not here to stop you on your plans but go ahead. Being late is still better than not doing it at all. Let's only hope that the situation in your country will now return to normal and so as your shop earnings.

Your Bitcoin earnings can also aid you later on to continue your business and maybe it would be better to just build your own shop and buy the land around it, so that you will not pay for the rent anymore. It only looks costly at first but I promised you that it's going to be worth it later on.

This is the first time someone have said something nice about my plans, thanks and I appreciate you.

I have been a long time farmer, from a very small age and the farming lands are far deep in the reserves, some called it jungle where wild animals still exists, I have my hunting rifle and a hut too, so keeping many lands here for long term with the hope of selling for higher price is possible but I won't be around to see that happen, because it's going to take a decade before such area can see development.

No one will want to come to such an area to build companies and schools, not that type of place, I got few of the lands from my parents and they are not here anymore, this is not the type of lands that you can keep and hope to sell for millions in future, my father and mother owned them throughout the days of their lives, I hope you understand now.

I was able to sold few for farmers like me,  and it's not the same value like if I am selling a land in the city, this is a big jungle where gorillas and big pythons still lives, so I don't think it's that bad to sell lands and but Bitcoin, I can invest in Bitcoin and hope for good returns in just 4 to 6 years, that's why I am doing this.

Thanks for your concern.

Bitcoin is indeed highly volatile, and timing is essential. This is no penny-ante game. Youre right; one should only invest what they can afford to lose. It's a mantra we, in the crypto community, swear by.

Your farming venture, now thats intriguing. Balancing between being a farmer and a Bitcoin investor, how cool is that? Though, I have to ask, selling land for Bitcoin? Is that a wise strategy? Land is a tangible, appreciable asset.

Still, your diversified income sources do make it easier for you to absorb any potential losses. Thats a wise strategy. It might not work for everyone, but if its working for you, more power to you. Keep riding the Bitcoin bull, bro. This is not the end; it's just the beginning of the new era