Can't do something else offline, is this something wrong?

Yaunfitda

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

Guys am I the only one having problem shifting my attention into another business like whenever I want to try a business with the money that made from bitcoin I always feel distracted and I don't like it. It's like a distraction to me.

How are you guys running two business together? If the hustle isn't online I don't like it, I have few asic miners that I use to mine Bitcoin and I monitor the farm every day, I also gamble online too, I am also a big crypto investor, I am convenient with these.

yesterday friends came to me and we have some discussions about businesses, they advise me to invest some money into raring of cattles, I know how profitable the business is because I know those who are really into this and they are doing fine, I'm not ready to enjoy it because I enjoy online hustle than others, the world have called me freak for going down this path but it favours me and I am a living proof.

My end goal is retirement through Bitcoin, I have no other dream than this, and I am not a dreamer but a doer. We all have a favorite subject in school for a reason, Bitcoin is just mine. Out of school though.

Well I had attempted to do it as well, put money on a business, money that I profited from bitcoin. But the thing is that I'm really focus on my bitcoin trading and any other means to make money out of crypto.

So what I do is I ask the help of my wife for my offline business. Of course she can't devout 24 hours on it, but at least we have started something, another means of making money, regardless if it is small in the beginning. So my advise is to get someone to help you out, and as long as you have the same goals, I think success will come later.

Poker Player

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

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From what you say, it would make sense to focus your efforts on Bitcoin-related businesses. I understand that investing in other businesses is for diversification, but if you see that you are not passionate about it, just buy good dividend paying stocks or a fund indexed to the S&P 500 for some diversification and focus on Bitcoin.

The businesses you are talking about are active, they require someone actively managing the business, instead you can buy passive investments with the money.

Wimex

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I share your attention to Bitcoin to a certain degree, it is understandable because for me the ease that bitcoin gives me as an investment is very great, you can manage everything from your cell phone or from your computer, in the same way with investments in crypto and even games as you well comment... However, I would advise you not to be blinded by just that, your friends gave you a good investment idea, in fact I would love to invest in cattle or even in some other type of business or company, what I want to say is that you do not get carried away For your comfort of only Bitcoin, the world's great traders are the ones who take risks, try new things above all, they leave their comfort zone.

TimeTeller

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Quote from: southerngentuk on May 05, 2023, 05:52:35 PM

Pursuing a career or business that aligns with our interests and passions can be incredibly fulfilling and satisfying. It's important to prioritize what matters most to us and not let others dictate our choices.

We should strive to create a life that brings us joy and fulfillment, whether that's through our work or our hobbies. The ideal job is one that we enjoy doing and that also provides us with financial stability and security. It's up to each individual to determine what that looks like for them and to not let others' opinions or expectations steer them away from their passions.

And this is why every person can pursue a different business, depending on what you want to do in life.
Like the OP, he is more comfortable dealing with btc, whereas, some of his colleagues are into animal raising.
You can't push yourself to a business that is not your inkling, so just follow your heart's desires.
We are carving our own path in this life, so it is up to you what you think will be best for you.

Blitzboy

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Aw, man, I get it! You've finally found the one in Bitcoin, and now nothing else can compare. There's comfort in familiarity, so we tend to remain with what we know. It's understandable that the digital universe, the challenge of mining, and the excitement of watching Bitcoin's numbers grow would captivate you.

Also, jealousy is a real problem, so we cant discount it. You have doubts about your current career path since you see friends thriving in other fields. However, the Bitcoin component simply wont let go.

Please accept my polite recommendation that you look into automating more of your Bitcoin-related tasks. Some mining and trading tasks can be automated with the help of available software. That may provide you the mental freedom to contemplate various options without getting sidetracked. After all, Bitcoin is here to stay, and so is your enthusiasm for it!

panganib999

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

Guys am I the only one having problem shifting my attention into another business like whenever I want to try a business with the money that made from bitcoin I always feel distracted and I don't like it. It's like a distraction to me.

How are you guys running two business together? If the hustle isn't online I don't like it, I have few asic miners that I use to mine Bitcoin and I monitor the farm every day, I also gamble online too, I am also a big crypto investor, I am convenient with these.

yesterday friends came to me and we have some discussions about businesses, they advise me to invest some money into raring of cattles, I know how profitable the business is because I know those who are really into this and they are doing fine, I'm not ready to enjoy it because I enjoy online hustle than others, the world have called me freak for going down this path but it favours me and I am a living proof.

My end goal is retirement through Bitcoin, I have no other dream than this, and I am not a dreamer but a doer. We all have a favorite subject in school for a reason, Bitcoin is just mine. Out of school though.

Not a problem at all. When the thing you're looking to make money out of is already stressful in and of itself, the least you could do for yourself is find a craft that you will be invested in and passionate about. Plus being passionate/interested about the business you're trying to build will give you some advantage in a sense that at the very least you know how the regular customer thinks, especially if you're working on a business that supports hobbies like collectibles and all that.

As for running two businesses together, I would highly suggest you look into partnering or getting someone else you trust involved in the process as this will streamline your inner workings and the labor between your first business and this second one you're working on will be divided.

KiaKia

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Quote from: sokani on May 04, 2023, 12:45:49 PM

I'm kind of having the same problem but I wouldn't say that I cannot do anything offline but mine is the issue of convenience. I needed a business that would give me time to explore other things... And I'm okay with what am doing right now and I'm also thinking of setting up a fish farm as it is profitable and won't be time consuming.

Just as other forum members have said, I just want to reiterate that crypto investment is not a job or business. It's a side hustle that might take months or years to yield meaningful profits and sometimes it might not go the way you hoped, so you need a job or business that can be generating income for you to take care of your day to day needs.

Not all businesses can be leave in care of other people, like this fish farm business you are talking about, it's going to be a disaster if you leave it for someone else to monitor for hou while you explore into other business, some businesses flourish better because we handle them ourselves but the moment someone else takes over, bad things will start happening.

One of my family member use to say that, no man can take care of your business behind your back, they have their own plans and bad luck, it's left for you to think very well, fishery needs all your time and attention, even security.

southerngentuk

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Pursuing a career or business that aligns with our interests and passions can be incredibly fulfilling and satisfying. It's important to prioritize what matters most to us and not let others dictate our choices.

We should strive to create a life that brings us joy and fulfillment, whether that's through our work or our hobbies. The ideal job is one that we enjoy doing and that also provides us with financial stability and security. It's up to each individual to determine what that looks like for them and to not let others' opinions or expectations steer them away from their passions.

mvdheuvel1983

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

How are you guys running two business together? If the hustle isn't online I don't like it, I have few asic miners that I use to mine Bitcoin and I monitor the farm every day, I also gamble online too, I am also a big crypto investor, I am convenient with these.

I see no wrong in your online business since it pays you to your satisfaction. Truth be told, i think you need other source of income offline just incase. No one prays for the worst but it's a good thing you prepare for it. Having other offline business cannot stop you from your online businesses.
Maybe because you are so use to working online. You should pay little attention to other businesses maybe there will be a different in your income increasingly. The choice is your though.

MFahad

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Actually you are interested in online business because of the enhances profit it provides to you but you have forget about its volatility. We should not ignore one element because if we ignore one of them then we can achieve the success. People are involved in crypto investment as a part time job for the purpose of increasing their money so its your fault that you are totally involved in a crypto instead of its volatility on its peak. But as you are interested in only bitcoin so keep concentrate on it and take decision with calm mind as taking decision according to the situations matters a lot.

maydna

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What bothers you, and don't you like it? Isn't that your own business? Supposedly if it is your business, you will always be eager to run it and try to make a profit. This is very strange to hear. Do you have problems running the business?

But it seems the problem is that you already feel comfortable working online, so when you want to start an offline business, it makes you feel like you are moving into an uncomfortable situation or, in other words, you can't get out of your current comfort side.

If you are comfortable with what you are doing now, you don't need to consider starting a business again. You just need to focus on what you are doing.

And if your ultimate goal is to retire via Bitcoin, pursue it and make it happen until you succeed, then you start something else.

gunhell16

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

Guys am I the only one having problem shifting my attention into another business like whenever I want to try a business with the money that made from bitcoin I always feel distracted and I don't like it. It's like a distraction to me.

How are you guys running two business together? If the hustle isn't online I don't like it, I have few asic miners that I use to mine Bitcoin and I monitor the farm every day, I also gamble online too, I am also a big crypto investor, I am convenient with these.

yesterday friends came to me and we have some discussions about businesses, they advise me to invest some money into raring of cattles, I know how profitable the business is because I know those who are really into this and they are doing fine, I'm not ready to enjoy it because I enjoy online hustle than others, the world have called me freak for going down this path but it favours me and I am a living proof.

My end goal is retirement through Bitcoin, I have no other dream than this, and I am not a dreamer but a doer. We all have a favorite subject in school for a reason, Bitcoin is just mine. Out of school though.

Whatever you want, of course, you should stay there or stick to what you believe in. Now, maybe it's not a bad thing to add a business to the traditional category if you have other extra money that you can allocate to it.

It's different because you just stay there while you're there in what you believe is a traditional business that can grow and help you that Bitcoin can't. Let's just take advantage of the chances that are there. If it's possible that it won't affect your bitcoins, that's fine.

TheUltraElite

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So anyway, I applied as a merit source :)

Mining on ASICs and Gambling? The first one will stop you with its difficulty rise unless you are able to continue scaling into a bigger farm while the second is a EV- game most of the time. On the other hand raring cattle in a long term somewhat of a family business that even your next generation can continue and grow, indeed a long term investment.

I would suggest you to try your hand at this only if you have interest in it. Bitcoin has its own pros and cons we dont know if your country might suddenly declare war on crypto and your stable income there stops. Gambling is defenitely not a stable source of income as well.

If you are happy with what you are doing currently, you are getting stuck in the status quo, which is not bad but should be broken gradually. Try doing something new and see how it can modify your earnings. Keeping more than one source of earning is always a good thing, you never know which one might break down tomorrow.

uneng

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

My end goal is retirement through Bitcoin, I have no other dream than this, and I am not a dreamer but a doer. We all have a favorite subject in school for a reason, Bitcoin is just mine. Out of school though.

The problem with your end goal is that you are putting all your eggs on the same basket. You don't like physical business model, but you can't fully rely on virtual businesses thinking on your life on long term. If something unexpected happens to Bitcoin and affects it negatively, your retirement plan is gone... And how are you going to fix things on the middle of the way if you don't have a Plan B?

Invest and work the maximum as possible you can with BTC, but don't neglect the physical side of the financial life. Since you are a big investor you must have financial conditions to guarantee yourself a decent property, house or apartment. This way you will have somewhere to live or to rent and make extra income.

justdimin

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Quote from: AnonBitCoiner on May 04, 2023, 08:24:36 AM

Bitcoin is a profitable business but its volatile so good idea is that whenever you achieve profit from then use some amount of this profit into offline business not matter what type of business it is. So the beneficial effect of this business will be that whenever the bitcoin reduces you will not worried about your loss as you will always have another business which will also gives you greater return.

Depending just on bitcoin does not suited well because of its volatile nature so dual business will helps the person to fulfil their daily needs and depending on just one business and that business has no surety so this can lead you to face difficulties in future. There is no doubt about the success of bitcoin but we should also plan another things for our future or present success.

I think depending on just bitcoin is good if you are talking about a long term investment, but if you are depending on just bitcoin for your income? That becomes a little bit of a trouble. This is why I always prefer to cash out some of the income I have into busd first and then keep the rest in bitcoin. So, if there is a fall in bitcoin then only the savings gets affected by it and I would be doing fine without a trouble.

The dollar pegged stuff could be considered a good deal and they are certainly doing well there, but I personally believe that we should not be focusing on what we are doing with dollar pegged ones, those won't change, and that should be considered a trouble, it should be considered not an investment at all and should be considered just like fiat.

Hypnosis00

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There are a lot of business opportunities especially if you have a lot of money but running a business that you don't have knowledge about it is likely to have an ending story. If I were you, I do focus on a single business line and grow it because it was not necessary to have multiple if it was impossible to manage them. Otherwise, have someone to manage it while you are focusing on the other because if you are not good at this business then hire someone that is capable of it. And this system has been used by many businessmen but much better if you also have some knowledge about it at least.

duckalis

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If you prefer online activity, go for an online business. You could buy ready-made websites, continue to develop them, and make money from advertising. Or simply sell them at a higher price after nurturing them.
It’s almost like the cattle rearing your friends advised you to do. And it’s almost like the ASIC farming. Only the animals on your online farm will be websites.

serjent05

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

Guys am I the only one having problem shifting my attention into another business like whenever I want to try a business with the money that made from bitcoin I always feel distracted and I don't like it. It's like a distraction to me.

You can always choose to ignore when the thing is just a distraction to you.

Quote from: KiaKia on May 04, 2023, 06:06:54 AM

How are you guys running two business together? If the hustle isn't online I don't like it, I have few asic miners that I use to mine Bitcoin and I monitor the farm every day, I also gamble online too, I am also a big crypto investor, I am convenient with these.

Just enjoy what you are doing, in business, it is always best to follow your passion. It will often times yield a success because when passion is involved, the owner always do his best with smile in his face and that attracts positivity.

Quote

yesterday friends came to me and we have some discussions about businesses, they advise me to invest some money into raring of cattles, I know how profitable the business is because I know those who are really into this and they are doing fine, I'm not ready to enjoy it because I enjoy online hustle than others, the world have called me freak for going down this path but it favours me and I am a living proof.

You can always reject the offer or suggestion if you don't want doing it. Diversification of investment is good but if your heart is against it, then better don't do it.

Quote

My end goal is retirement through Bitcoin, I have no other dream than this, and I am not a dreamer but a doer. We all have a favorite subject in school for a reason, Bitcoin is just mine. Out of school though.

Good luck in your endeavor, it would be great to see your dreams coming true and don't get distracted. Just plainly ignore any distraction and refuse deals that you don't want.

Awaklara

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it's all because of your focus on Bitcoin, and not thinking about whether other businesses outside of it will be profitable for you or not. or you will think other businesses will not be as profitable as Bitcoin.
I don't think it will be a problem. and if you focus on what you are doing right now, then do it. some people do indeed share their business to get more profit. or indeed part of the strategy when one business has a problem then they can be helped by another business.
if you learn to manage another business it will be better or you can combine both maybe even better.

Mate2237

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Quote from: KiaKia on May 04, 2023, 06:06:54 AM

raring of cattles,

Ehn? Upon all the businesses in the world that is what you about to choose. Well nothing is waste. If you know that will fetch you income then you can go into. Diversification of businesses is good but be careful with it because the risk involved in it is very high.
You are saying that, your main hustle is online then leave the others or you employ someone to look after the businesses for then you pay the person every weekend. As they put it, don't put all your eggs in one basket. And that is the truth, so that if one side collapsed the other can withstand. Even not all the online businesses are legit. So when you want to do your online business, you should look well before you invest.

Topic: Can't do something else offline, is this something wrong? (Read 396 times)