Topic: How Do I find a Balance Here? - page 2. (Read 457 times)
I personally would not touch BTC here but it's still up to you to work with the numbers. The crypto market is "seasonal" and we're already approaching that time again so it may not be a wise idea to be selling BTC at this point. It may also take time to have that business up and running so there's a chance that you'll miss that bull train. Maybe it's acceptable if you could start that business by selling 10% to 20% of your BTC stash.
As some of the other members said.
It's best to tone apart the Bitcoin you want to hold long-term and the Bitcoin you want to use for your acceptance efforts for Bitcoin adoption.
If you can't separate it, then the management you do for the business and the long term will be mixed and can't work well.
Of course that's a logical suggestion - capital and investment budgets should be kept separate, otherwise OP would have to come up with a capital budget out of her own pocket. Mixing things up would only mess up his plans - usually it wouldn't last long before separate each money into two parts.It's best to tone apart the Bitcoin you want to hold long-term and the Bitcoin you want to use for your acceptance efforts for Bitcoin adoption.
If you can't separate it, then the management you do for the business and the long term will be mixed and can't work well.
The OP can set aside some of the profits from his business to build his investment portfolio - while the capital and some of the profits should be able to be turned back into building a better business. That's how business is run even if you are a long-term bitcoin holder.
As some of the other members said.
It's best to tone apart the Bitcoin you want to hold long-term and the Bitcoin you want to use for your acceptance efforts for Bitcoin adoption.
If you can't separate it, then the management you do for the business and the long term will be mixed and can't work well.
That way your long-term investment will not be disturbed and the business that accepts the Bitcoin you run will not be disturbed as well.
Long-term is the main goal and business acceptance of Bitcoin so Bitcoin adoption will provide benefits from every transaction made.
It's best to tone apart the Bitcoin you want to hold long-term and the Bitcoin you want to use for your acceptance efforts for Bitcoin adoption.
If you can't separate it, then the management you do for the business and the long term will be mixed and can't work well.
That way your long-term investment will not be disturbed and the business that accepts the Bitcoin you run will not be disturbed as well.
Long-term is the main goal and business acceptance of Bitcoin so Bitcoin adoption will provide benefits from every transaction made.
Why not a strategic, limited transaction allocation? Smart diversification, not abandoning hodling, is the goal. You're not just an investor; you're a participant in the Bitcoin economy.
Investing in Bitcoin requires knowing and engaging in its ecosystem. Using a portion of your holdings to support Bitcoin-accepting businesses increases its real-world utility and adoption. Remember that Bitcoin's value grows with usage and acceptance, not hoarding. You may think you're deviating from your strategy, but arent you strengthening Bitcoin's value?
Investing in Bitcoin requires knowing and engaging in its ecosystem. Using a portion of your holdings to support Bitcoin-accepting businesses increases its real-world utility and adoption. Remember that Bitcoin's value grows with usage and acceptance, not hoarding. You may think you're deviating from your strategy, but arent you strengthening Bitcoin's value?
Remember the value of btc keeps growing over time, what you spend to buy a cup of coffee today will most likely increase in value in a few months or years. Personally, i would rather hodl my btc than spend it, but if you feel you have enough btc stashed that spending a couple of sats to support a start-up business won't affect your holdings then go for it.
Most btc holders rather hodl than spend it to buy stuff, but this is your choice to make.
Most btc holders rather hodl than spend it to buy stuff, but this is your choice to make.
Helping others is a good thing, but you need to secure your position first. Never compromise on your own financial security.
One thing we need to understand is that you must not victimize yourself to fulfill a desire. NO, it calls for more creativity on your path. You should create a money generating avenue to contain That charity you intend doing which is another thing all together and must be treated as such. Therefore, you must hustle differently for that one on your own without touching your 100% holding. Try to find another source of acquiring the money you need for the charity you intend doing. That way, you'll not break your principles, and you'll fulfill your desire of helping the bitcoin community. Then you'll be glad that you've finally won in the two sides.
I suggest that you postpone your new business to start accepting bitcoins and focus on your new business while still holding the bitcoins. It's also better for you to stay focused on your long-term investments so that you can run both simultaneously.
If you can profit from your investment in bitcoin later, that means you will get a lot of money so you can develop your new business even bigger. You already have more money for additional capital that can be used for your business.
At that time, you can start accepting Bitcoin for your business, especially if you are allowed to use Bitcoin as an alternative means of payment besides using fiat. But everything comes back to you because you are the owner of the business and the bitcoin.
If you can profit from your investment in bitcoin later, that means you will get a lot of money so you can develop your new business even bigger. You already have more money for additional capital that can be used for your business.
At that time, you can start accepting Bitcoin for your business, especially if you are allowed to use Bitcoin as an alternative means of payment besides using fiat. But everything comes back to you because you are the owner of the business and the bitcoin.
Being in a dilemma situation can be very confusing. I have experienced it when I had more funds in my business and thought whether I should open a new branch or I should invest it in some assets that I had also entered before such as Real Estate and Bitcoin. But then I started to reflect further on the impact and consequences of each step I would take. And look at the risks and potential that I can take in the steps I will choose. So finally I found the answer that I prefer the convenience of using the extra money I have to add to my investments. Because I considered the geoeconomic situation at that time.
And I think in your case you just need to reflect more on yourself. look deeper into yourself and determine the option that you are most comfortable with if you choose that. Remember comfort comes from the deepest heart. Meanwhile, ambition and greed come from emotions that sometimes forget the risks. So like the others said. Follow your heart. And determine what is most profitable for you and you are comfortable with that choice.
And I think in your case you just need to reflect more on yourself. look deeper into yourself and determine the option that you are most comfortable with if you choose that. Remember comfort comes from the deepest heart. Meanwhile, ambition and greed come from emotions that sometimes forget the risks. So like the others said. Follow your heart. And determine what is most profitable for you and you are comfortable with that choice.
For me business is one of diversifying in investment, depends on how big or small the business is.
If your business is small, it means you need more funds to support your capital. When your business is already big, you don't really have to fund your business since it's enough and keep making money.
When your business keep make money, it's the time to invest. While when your business isn't really profitable, you need to fund your business.
If your business is small, it means you need more funds to support your capital. When your business is already big, you don't really have to fund your business since it's enough and keep making money.
When your business keep make money, it's the time to invest. While when your business isn't really profitable, you need to fund your business.
I'm seeing quite a few replies that haven't even gone through reading the three lines of text in the original starting post, in a thread that is barely 3 pages long.
Although I understand the OP's concern about supporting a local business accepting Bitcoin, it really depends on your personal choice on how you manage your finances and how costly these visits to this business are. Are you buying coffee and merely spending $10 each time? If the answer is yes, you're stressing too much for a relatively small amount of bitcoin. Personally, I'd rather not spend Bitcoin when I can afford to pay with fiat because I'm also a long-term holder and haven't touched my coins for over 2.5 years. I don't see the reason to spend something that is now considered an asset and may double in value within the next few years. If you're keen on using Bitcoin as a payment in this particular business, I'd simply buy back any coins spent there or have a small balance of $50–$100 to be used only for this purpose.
Although I understand the OP's concern about supporting a local business accepting Bitcoin, it really depends on your personal choice on how you manage your finances and how costly these visits to this business are. Are you buying coffee and merely spending $10 each time? If the answer is yes, you're stressing too much for a relatively small amount of bitcoin. Personally, I'd rather not spend Bitcoin when I can afford to pay with fiat because I'm also a long-term holder and haven't touched my coins for over 2.5 years. I don't see the reason to spend something that is now considered an asset and may double in value within the next few years. If you're keen on using Bitcoin as a payment in this particular business, I'd simply buy back any coins spent there or have a small balance of $50–$100 to be used only for this purpose.
You rethink whether your new business will be better than keeping the coins you plan, even though the new business will accept bitcoin as a benefit and look around you if there are more bitcoin users? On average in business they always use fiat to sell their products and bitcoin is still not popular even if you want to develop it.
If you don't want to disturb your BTC HODL plan then don't do it because you have been building this probably for a long time, maybe another alternative where you can find other sources for new business capital and build it instead of withdrawing from coins from your plan, and most importantly they always have a reserve fund if you don't want to disturb other funds.
What about the other alternatives that have been suggested, will it support your business?
If you don't want to disturb your BTC HODL plan then don't do it because you have been building this probably for a long time, maybe another alternative where you can find other sources for new business capital and build it instead of withdrawing from coins from your plan, and most importantly they always have a reserve fund if you don't want to disturb other funds.
What about the other alternatives that have been suggested, will it support your business?
Since you mentioned in your post that you plan to hold for a long term it means; the funds that you’ve invested won’t be needed anytime soon and if that’s true I’ll suggest you stick to it and look for other means to generate funds to support those businesses that you want to support.
I agree, it's the best if OP don't move anything from the bitcoin that he already has and instead use the future money that's supposed to be for increasing what he's hodling to support that business. One thing I've noticed in that problem is that OP didn't mention if it's his business or not, he's just saying that he's supporting a business that's accepting a crypto, now unless I know if he's an investor to that business or he just wants to support it, I would be giving a different answer. If he's like a part of that business then maybe he needs to do some investing in it or something like that but if he's not then I guess what Cantsay said is what OP should follow or maybe just stick to investing. 
I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?
Channelling your Bitcoin to a business that accept Bitcoin is a major way of supporting Bitcoin and inclined with the core reason for the creation of Bitcoin. Buying and holding Bitcoin I your wallet with the expectations that it will yield some profits is not the motivation of Satoshi even though it is natural that anything that offers solution to real life problem will become something of value. The beauty of Bitcoin and the blockchain technology is in use case; a situation where many businesses will adopt and integrate Bitcoin in their operation.
If I were in your situation, I will surely push part of my portfolio into the business while keeping the rest in my wallet and building it further as time progresses.
Do what works for your strategy. You can do both if you want. Holding 50% of your total Bitcoin while using the other 50% to support these businesses. I guess this is the "balance" that you need.
Utilizing budgeting strategies and having two separate wallets can help enhance discipline, ensuring that when reaching 50% of spending, one does not exceed that limit. I understand it's challenging because the focus might be split between the two, but the option supports transactions using Bitcoin, broadening its use as a substitute for daily fiat transactions.For example, if the OP typically pays phone bills using fiat, he could convert a certain percentage of their fiat into BTC to be used for paying bills in BTC. His role in supporting BTC as a transaction tool doesn't disappear, and the main BTC he uses for HODLing remains intact.
I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?
You want to build a brand new business or you want to start accepting BTC payments in an already established business?
Building a business from scratch means that you might lose money in the first 2 or 3 years before you start making any serious money.
Nobody is obligated to HODL 100% of his Bitcoins. Even hardcore HODLers can sell a part of their BTC sometimes. I'm sure that there will be a price crash coming soon(before the 2025 bull run), so there's no problem selling a part of your BTC and start accumulating BTC at a lower price. Nobody can find the balance for you. What kind of business are you running and what is the initial investment?
I have been holding for the long term and really want to continue this into the future. But right now, I am torn between continuing to hold and supporting a business that just started accepting Bitcoin. The internal conflict stems from my desire to contribute to the expansion of the Bitcoin economy by supporting businesses that adopt Bitcoin. I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?
I will express to you some situations that I faced, which is when I sold my bitcoins at the beginning of 2017 just because I could not manage that investment because of living expenses for life issues. Life is out of balance. And then the regret, but also the feeling of not regretting the decision in the past while I'm still here learning about bitcoin, as well as trying to find ways to optimize and maintain the investment.So in the OP's case, I see that you mentioned the conflict because everything has its own benefits. So be strong and analyze that you choose only one thing to do and then analyze the risks associated with it to make a decision. For me, a long-term bitcoin holding plan should not be ruined. Don't force yourself to take on too many things, sometimes it is the reason why you fail in both plans. But anyway, I wish you a wise choice, because it is your own responsibility.
Better if you plan to invest and hold bitcoins in hopes of making a profit. And if you decide to start a business with bitcoin investment and you don't have the money, it's not good if you're hesitant to invest in bitcoin. Because if you hold bitcoin it will give you double profit in future and if you don't do it but start business by selling bitcoin then it is your personal matter. And if you are planning to start a business without selling bitcoins then you must take the advice of an experienced trader. If you can set up a business without selling your bitcoins at that time then this will be the best option for you. So you have to make a hold if you want to make long term profit from Bitcoin and if you want to move forward in business then you can save and start trading again.
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How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?
Both of your options contradict each other.How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?
One is you want to use Bitcoin to support the merchants/business while the other is you want to hold it.
I don't know but are these businesses just start-ups? I mean you don't want to use Bitcoin to make a transaction with them because of the high gas fees right? If you want to support them, you can support them in a different way. Right now, tell them to accept established altcoins to prevent paying high gas fees for Bitcoin. I know that feeling that you want to contribute by using Bitcoin to pay for things, but as of this moment, it's almost impossible for that to happen especially since you are just a retailer.
Do what works for your strategy. You can do both if you want. Holding 50% of your total Bitcoin while using the other 50% to support these businesses. I guess this is the "balance" that you need.
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OP, depending on the business you want to support. First, before venturing into anything, you always have one question in your head, which is, "What is in store for me in this business?" You have to look at it from both sides: how much profit your Bitcoin will generate in the future when the price has gone past this current level, and if you really want to go into business, then you should think about and come up with a strategy that will earn you a better profit so that you can still replace your Bitcoin. But if you see that it can't work, then it's better to just hold on to your coin.
I view this as a personal contribution to the broader acceptance and utilization of Bitcoin. On the other hand, it means that it will disrupt my plan of holding 100%. How do I find a balance between supporting this business that just started accepting Bitcoin and adhering to my investment strategy of long-term hodling?
Like you said, it’s your way to foster acceptance by patronage through the use of Bitcoin. It ain’t a prerequisite and as such, you could always choose between that which gives you the most comfort.Don’t fuel your desire or want to do by disrupting your need to do.
As far as payment media goes, it’s often about that which gives you much convince. You can’t go about patronizing just any and every Bitcoin accepting business out there. You would as well get to liquidate your entire hodling in the name of patronage to foster adoption.
Adoption will come when it will and it has been creeping to the stage still. While your little efforts might help, don’t allow it to make you lose out on hodling in the process. The balance between hodling and spending Bitcoin for a currency should be when the need applies. That’s your best move in these days where Bitcoin still serves for an asset and a little for a currency.
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