Topic: How Do I find a Balance Here? (Read 504 times)

All the plans you make are for the sake of making a profit, that is the main goal that cannot be denied. Supporting businesses that are just starting out accepting Bitcoin will give you consistent profits, Business can make finances better in the future. Long-term investment strategies can also give hope of making big profits because Bitcoin prices continue to increase. You need a balance between maintaining your business and a long-term investment strategy. You need to maintain the continuity of your business by stabilizing your capital and if you get profits from your business, you can allocate it to increase the amount of investment.

Nope, I don't think it's a good idea to diversify when there's already a possibility that a bullrun is going to happen, there's no way tha it's a good idea to do that diversification right now, maybe if this is a stock market it might work fine but this is crypto market and I don't think that's a good idea. Just go to bitcoin all the way, there's no other way more proper than that. Don't look for balance because bitcoin's giving you the opportunity to get more value, don't stray to the right path. Of course it's your decision OP but remember that if you're have doubts about diversifying then that means it's not a good idea.

Yup, that's how I've also interpreted OP's post, for sure, they use Bitcoin as an alternative payment since some countries Bitcoin is already famous, so some customers would ask if they have Bitcoin payment. Still, it doesn't mean you would be mandatory to pay in Bitcoin, it might be considered support but if you just want to hold Bitcoin you could still pay in cash or other digital payment. Especially in the current market and the news about Bitcoin ETF, it would be possible for Bitcoin to reach its new ATH this year so people are holding their accumulated Bitcoin.

Op does not want to start a business that accepts BTC, what they want to do is support a business they know that just began accepting BTC as payment, and by support, i mean spending some of their coins as payment in the shop, but op is a 'holder' and that is why the decision to either continue holding or to spend some on things they need is a tough decision to make.

My input to the op is that they should understand how some of these merchants who accept BTC operate, most of them do not hold BTC and they use a payment processor to convert BTC to fiat or to another currency they prefer, so if you don't want to spend your coins, don't do it, you can spend fiat in the shop or create an online wallet where you store < $100, which will be for spending on the go.

You can find your profit here by keeping your product prices fixed in dollars and receiving bitcoins against that amount of dollars.  And how many products you will sell will surely be noted by you.  And you can calculate the dollar to understand how many dollars of extra profit or how many dollars have been lost for taking payment through Bitcoin.  You can calculate your profit and loss by following this method.  Otherwise you will have to struggle to figure out your profit and loss

I like the idea, but it depends on his readiness to do both because it will be a waste of his time if he is not ready. It would be a hassle for him to take care of both of them, which wouldn't be good for him.
But he's just holding on to his Bitcoin rather than supporting businesses adopting it because he still seems hesitant to start. And instead of hesitating, he should refocus on collecting bitcoins.
Moreover, we don't know whether Bitcoin transaction fees will remain as they are now or increase or decrease again.
But whatever decision he decides to make, he should think about it first and not make a hasty decision.

If you're not sure what to invest in and what not to invest in, you won't succeed in investing.To find a fit in personality and work, first define your goals and values.  As if there is a harmony between you and your work then why not do both where you take a part of your holdings and then use it to support the business especially when you make money. I think the whole decision is up to you as to what you want to do and not do the math.

You can do both by diversifying your holdings but make sure you are ready for the possible risks it may take. If you have enough Bitcoin funds I think it is better to try than do nothing and then regret for not doing anything. Choose wisely OP it's your fund that is involve so if you really have the guts then choose both but it will always depend on your decision.

 I think to create a balance between them is not too hard and all what you have to do is to split the investment into two and use part of the money to start the business and keep the rest in the non custodial wallet. But you have to know the advantages and the disadvantages of accepting Bitcoin in the business. And yes if you accept Bitcoin in your business, it will make Bitcoin to be more popular in your location but before you accept Bitcoin in the business make sure that government doesn't restrict Bitcoin in your country.

Your business idea is a very nice one. You can carry out. But Read all the comments and filter the good ones from the other ones.

If you are not sure which one you should focus or prefer doing then why not do both where you take a portion of your holding and then use it to support the business especially when you will/may earn money when you support it like an investment but if you have extra cash then you should not touch your holdings. I think both are beneficial to yourself but the decision is up to you on what you are deciding to do once you reach a conclusion after reading some suggestions.

Every successful endeavor begins with the choice to try. Generally speaking, any business should have adequate funds set aside for this purpose. If you are truly interested in both businesses, you can find them quite easily. The reason being that, in my opinion, buying bitcoin and holding onto it for a long time is more profitable than buying and selling it within a week or month, as many people have experienced when trying to invest.

As far as I'm strongly, buying bitcoin is a good way for me to hold onto money instead of worrying about other things. However, Starting a business is a smart move as well, but it still relies on how much Bitcoin you are holdings.

The business can function well for civilised country and secondly in urban regions of the country, because if the business happens to get established in the rural area, I think that it will lack a patronage, from my perspective, so I believe that bitcoin kind of payment in a business is something that is trying to come up and a place it can be lucrative is people that knows the value bitcoin and also people that have bitcoin already because you can not expect someone that have not acclimatised with a bitcoin to make a payment with bitcoin

Because it is not easy to build an investment portfolio that is stable and able to last long enough.
Set aside a portion of the business profits carried out and build capital used to grow and develop, which will have a good impact on the progress of the business being managed.

Being a long-term Bitcoin holder is an advantage that will provide long-term rewards.
The longer Bitcoin will continue to accumulate with the profits gained and this provides a great opportunity to earn more profits.
It is all included in business and investment management that can be learned and managed properly.

If you are opening a business accepting Bitcoin, why should it bother you to hold Bitcoin? In fact, you should be able to do both (open your business that accepts Bitcoin and keep holding the Bitcoin you have for long-term investment)
with bitcoin price fluctuations constantly changing, you should be able to take advantage of that and try to make a profit by accepting Bitcoin as payment. but my question is whether your country is friendly for you to do that (open a business that accepts bitcoin), you must pay attention to things related to government regulations, you can't do that alone without safe regulations from the government.

I share a similar opinion, however I want to add something to this too, and that is a reminder of the kind of world that we live in.

I'll start with a similar example.

If you have only $100, maybe giving $10 to a homeless person is not the most responsible situation for yourself. Sure, you are doing good and helping another, and maybe it will come back around in the future if you are a believer that what goes around comes around...but immediately, is it wise? Why not work until you have $1000, or $10000, and instead give more, with more comfort and security?

The same goes for you OP. If you hold 1 BTC and the business you are seeking to support will cost you 0.1 BTC, maybe it's not the wisest decision. That doesn't mean you still can't support them with a lower amount however, say, with 0.001-0.01 BTC.

If you hold 10 BTC, maybe 0.1 BTC is an appropriate contribution to the bitcoin economy, and it will be an investment that won't hurt if they don't succeed.

Short answer - If you are fixed on contributing to adoption, then maybe it's wise to just invest a fraction of your holdings rather than a chunk

What good in that business accepting BTC for you? Is that your business? If not then it means it belongs to someone else but how big is that business? let's say the business is huge and this will attract more consumers using BTC as a payment method this will increase the utilization of BTC and it is obvious that high utilization means more demand and more price overall.
But, I will say it is better to hold 100% because this business that is accepting BTC as a payment method is not bigger than any of the BTC ETFs that are going to be approved soon. If it's true then the most beneficial decision would be to hold 100% and then you could consider supporting the BTC utilization. I don't even know how much BTC you have that you want to add to the utilization of BTC but if you are aiming to spend some then what's bad in doing fifty-fifty?
This way, you can get some of your holdings with you and can add some to the utilization of BTC also. But before that clarify your purpose and what you want from this.

I don't get, how will one affects the other? You can continue to hold and still keep running your business, only your customers are going to pay you in Bitcoin and it's not even by force, or are you trying to do some discount that will cost you some money? Because I don't see how it will make things harder for you.

Even right now it's hard to get paid in Bitcoin, to send Bitcoin to another wallet is higher than using Fiat to pay for whatever you plan to buy, using bank transfer is cheaper than paying with Bitcoin, $3 compare to $0.005, this is the difference between using Bitcoin to settle a payment vs bank transfer using fiat in my country right now.

Anyways, do not stress yourself, go with whatever is within your power, there isn't much to make either when people pay you in Bitcoin, most people do it to spread Bitcoin awareness in the public.

I feel that it depends on the amount of bitcoin you are holding and how much of it you will be willing to give out in support of this business and it will not affect you in the long run. Understand that this is your own act of benevolence and you shouldn't put yourself in a situation where you will regret your actions will you must have used a reasonable amount of your hildings to support business and suddenly the price of bitcoin hits very high. You need to ask yourself the question regarding your willingness to give out those holding to business and you should also be very sincere with the answers you give back to yourself. Just sit back and count the cost of taking either of the options you outlined and you will get sure answers from within you.

Most at times is how often people request to make payment with bitcoin, if op intending to run such businesses in a place that is well developed and established then there will be much request for bitcoin payments but in a way people don't request it would take several months for people in that region to began to chose that payment options. From my reasoning is just an additional way of expanding his payment methods. However pursuing another business currently can serve as a distraction because it all required you to lose your holding for fiats to established that business maybe who knows if such business would yield exponentially as bitcoin grows so quickly.

I have come across of a thing of this nature concerning bitcoin been accepted for business, acceptance of bitcoin in a business that established by you or managed by you is good thing and is another kind of way to ensure that you have boasts of your economy, because acceptance of bitcoin for your business, its two things you are doing at same time, the first one is that you have put your money in another way whereby it will get increased at any point of time, and secondly you have secured your money from tradinational money and expenses also, if you want to hold your bitcoin I think its very ideal for you to divert it to your business and people who is interested to with bitcoin can equally make deposit with bitcoin, some businesses currently support a payment with bitcoin.

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.

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.

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.

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?

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.

Absolutely correct, in this life, its important to set principles and follow then strictly, you don't need to bend your rules to be a good person, thereby dysphonic your own plan to be successful. OP, I know its good to be charitable, but if I were you, I'll look for a way to acquire more btc to invest in the business. I should've told you to scrutinize the business and know for yourself if its ROI is encouraging, then hustle more to find finds to invest in it. I would never advise you to touch the coins you're holding at any cost cos once its tampered, the possibility of it getting finished is high.

 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.

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.

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.

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.

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?

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.

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.

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.

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 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.

Both of your options contradict each other.
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.

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.

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.

I don't like it when you sounded so emotional like you want to do Bitcoin industry a speculating favour with no potentials of income even when you said it was other means of investment.

Talking about balancing your thought of endivoirs equation, you have to evaluate how much the business would be required and the totality of accumulated Bitcoin in your trading wallet.
Also ask yourself if it is a must you must venture into the business? Before venturing into the business, you must have then be knowledgeable about the business so you should also ask yourself this earlier before venturing that.... The business and Bitcoin investment which is more profitable and reliable?
After all that, if you are have zero doubts and after evaluating the cost and capital demanded for the business and you still have some Bitcoins there in your wallet, you can always keep it and hodl.
Maybe I would just say... Leave it and forget it but doesn't mean you loose guards your private keys.
The goal of investing in Bitcoin on a long-term hodling is not to make Bitcoin proud as proof of its coins holder but to make profits in a larger rate.
Bitcoin is not designed for beautifications or decorations, it is not even a false useless currency. It's goal of potentialities is to create means of income that offers financial challenges solution.

You can just buy back the bitcoin that you spent on supporting the business with your fiat earnings, I thought that's pretty obvious. And to avoid unnecessary exchange fees just buy enough BTC to cover your spendings for the next year or more.

Also, if spending your money on one business is enough to affect your investment strategy, it's probably a sign that you a very small amount in your holdings - you should try to earn more money, be it fiat or crypto and put it into Bitcoin.

It's a good plan you're making, or maybe you've already started anyway. Maybe the best thing you should focus on is how you can have or establish bitcoin users who will use it in your business. Of course, for you to have Bitcoin users, they must know how to have their own wallet account to put their Bitcoin.

This is the thing that you should teach them first, in my opinion. When they learn that, they will, for sure, tell their acquaintances about it. This is the thing that you should be able to teach, or put a guideline or instruction in your business on how to do it. You should also know what apps and wallets they will use that are also in favor of your business, of course.

   I will suggest you weigh the both option and consider which will  bring greater returns in the long run, in as mush as diversity is important it is also necessary to do your research before deciding whether to invest. It’s all your choice to decide which to invest, and choose the one that best works for you. Don’t forget we already seeing the signs of the bull market, people who missed out on the previous run wouldn’t want to miss out on the next one. If you had a plan already I suggest you stick to whatever plan you’ve got. 
  If possibly the capital is enough to run the two projects you can as well go for the diversification. Being able to control and manage this two projects shows your level of responsibility and accountability.  There’s an English saying that’s goes “ accountability breeds responsibility “ be responsible for whatever decisions you make, that’s one of things I’ve learnt from the forum.

If by supporting that business you just mean buying some of its products then I do not really see the problem, if the business is offering a product which satisfies a need or a want you have then it makes sense to buy from such business, however I will advise against touching your long term stash, and instead you need to make the effort to save a little bit extra this month so you can buy whatever this business is selling.

You can decide this for yourself.  You can continue to hold while supporting businesses that accept Bitcoin by simply allocating fixed funds to spend while holding other percentages.  You do not have to spend all your holdings at once.  If you can, you can even accumulate Bitcoin to hold while spending part of the amount you DCA in supporting businesses that accept Bitcoin.  So there is no need to be trapped in a dilemma because there is really none.

If you are truly a bitcoiner then you would hold for long term but what we all finds difficulties is that at some point we got confused due to much distraction that always comes our ways why because we didn't focused our mind to achieved what we have planned and sets for, therefore in my opinion I will say you should continue holding since it would fetched you more profits although I can't tell of the other business but I believe that is the best idea., or maybe you should go for the one your mind belongs to.

Things like this happen when you invest the money that you will be using in a short period of time in bitcoin investment. You should have separate money for business and a separate one for bitcoin investment. The decision is left for you to take, but I will be giving you my own suggestion. Since you have been holding the bitcoin for a long period of time, and as we can see, bitcoin halving is by next year, and everyone is expecting a bull run after the halving, it will have been better if you keep on holding for now. Then,  during the bull run, you can decide to sell some of your bitcoin and use the money to expand your business.
 
As I said earlier, the decision is left for you to take. I am just making a suggestion, and I might be wrong. I forgot to ask you if you are doing anything where you are earning money for survival.

Actually in this case I think you have to find your own answer that matches your fashion.
Indeed, both are true because there is nothing wrong in this case when you continue to hold your bitcoin as an investment then indeed you still believe in it and I think it is very worth doing but on the other hand developing yourself to become a driving force in your area by developing a business by accepting bitcoin as legal tender is also quite noble so there is nothing wrong with both. But there must be one choice that suits your characteristics and progress about profits of course.
If indeed in your opinion doing a new business has very good progress in terms of profit then do it but if in the end you still doubt whether this will work or not then it is better for you to save and continue to hold your bitcoins or maybe there is a third option where you still have to keep the investment assets you do and do the business you want to create only this definitely requires a bigger budget.

how about helping advertise or spread awareness about the business and highlighting that they are accepting BTC(and other cryptocurrencies, if they are accepting it), this way you do not need to spend any Bitcoin but you are helping the business get customers that might be interested in paying in Bitcoin(which in turn also helping the bitcoin ecosystem). of course, if you are going to do what I suggested, it might be good to inform the owner of the business first.

If you really want to continue the holding, then you don't have to think twice just continue the hodling. But if you think that doing business with the hodling will favour you and you have the good business idea to carry out then it is a good thing to do therefore you can continue with the business idea. One thing I came to realized these days is that we don't have to discourage people to do business because of bitcoin which had been happening but to encourage them and through there they can invest in bitcoin to their satisfaction.

But if you want to do business that accept bitcoin then you have to consider the factors will militate against you. And one of such factor is the government in your country. Does he accept bitcoin? And when the governmental agencies see your banner to accept bitcoin which is against the economic policy of the country what will you do? And how many people are into bitcoin in your locality? so these are some of the factors to consider before doing such business that accept bitcoin.

For me, I don't see much complicity here. Because you are accepting Bitcoin for your business, which is a great option. So you have to run your business continuously, and for that, you have to circulate money. If you hold 100% of the Bitcoin payment, then you might need to add capital from your pocket, which is equivalent to buying Bitcoin. So just holding a part of your profit would be the best option for a long time. This way, your business will run smoothly, and you can also profit from the bitcoin while managing your needs.

You said you want to hold your bitcoin long-term?  That tells me you don't need that money anytime soon.  If that's still the case, Id say stick to your guns and keep holding.  Maybe look into some other ways you could scrape together funds for those businesses you want to support.  But if you've got no other choice, do what you gotta do without beating yourself up over it.  Although if you just want to help grow the whole Bitcoin economy in general, seems like there oughta be other ways to pitch in that don't interfere with your long-term investment outlook and   

We all have different reasons for buying bitcoin - whether it's to get rich quick or because we really believe in its potential or a little of both.  Point is, only you can decide what works best for your situation.  But don't stress it too much either way.  Ten years from now well look back at these prices and laugh.  Or cry.

If you look closely at both, you'll notice that they're both beneficial things to do for yourself. I'm not surprised you're confused and unsure what to do next; if I were in your shoes, I'd feel the same way. I am a firm believer in having an external or physical business to supplement my income or to intercede for my investment while it grows or if failed can sustain and lift myself up again. So I recommend that you spend some money in that business since it will aid in the wider adoption of bitcoin. You can always come back to invest back in bitcoin, there is no a wrong time to invest in it and having a physical business is very important too.

You may strike a balance by planning for both of them, and they will both work.

Normally, if you want to support a business, you will set aside some money for that purpose. In this case, it will be the same as supporting your business and contributing to Bitcoin adoption in your community; and your bitcoin holding will continue in the same manner as before, because it is clear that money for other businesses is not added to our bitcoin investment because it is for the long term.

Don't ruin your long-term investment plans, but also think about ways to build your business. If you are okay with budgeting 10% to 20% of your investment to build your business, then do it. But personally, I have a reserve budget that I should be able to use to build my business without ruining my investment plans. This is why you need to have a reserve budget regardless of your investment in bitcoin, obviously this will help you stick to your main plan.

Find the balance by accepting that you are fulfilling the purpose of bitcoins, and try to readjust your plans to fit in both options.

 It will not hurt to spend some few bitcoins on some little things once in a while. You will never find balance in your heart if your plan for bitcoin remains to hodl 100%, you have to find and create some allocation for it in percentage in your plan, not just 100% for Hodling, and then 0% for use as currency.

if it doesn't affect your business as if you will earn less and are more likely to go bankrupt then long term it is. holding long-term is a sure way to win they say.
i would certainly weigh the risk like you just did. i would probably use the business to trade like accepting stablecoin when the BTC price is going down. and when i see the trend is about to change to bulls again, i will start accepting BTC.   

contributing to the increase of BTC adoption is very virtuous. 

I don't know how you intend to support the business but there will always be opportunities to contribute to the Bitcoin ecosystem. If the business will not collapse because of your failure to invest or patronise them, I suggest that you keep holding and support the business after you have sold your coin and made some profit. Like others have said there are also diverse means of supporting the business than liquidating your investment. Introduce the business bitcoiners and you can also convert your spare cash to bitcoin and patronise them. You could offer other services like training staff on how to process bitcoin payments and you can even expose them to the Lightning Network and how to protect wallets. I don't think anything should prevent you from following your investment plans except for emergencies. But if you think assisting the business will give you much joy and satisfaction you can go on and sell your coins to support them, after all, everything is not money. But I must also compliment you for considering contributing to the Bitcoinspace above maximizing profit.    

The OP didn't say the business belongs to him. I think he wants to support a business with no intention of making a profit. His main goal is to contribute to the expansion of a business that accepts Bitcoin in his locality.  

Choose what you think is best for you. I get the point that you want to contribute to this technology but since it is still young, we should accept that forcing the adoption won't do us good. You want to support a business to contribute to the advocacy but if it will sacrifice your urge to do things on your will, then you would be wasting your time. Regardless if you continue this advocacy of yours, if governments won't adopt it first as well as big companies, then nothing would change. Let things happen on its own. Right now more people are acknowledging this technology which means it would be better to let its progress be. And for us investors, focus on your holdings.

Just to point out that there are other ways you can support a business that is accepting Bitcoin besides paying for a product in Bitcoin, especially if you're not going to do that consistently. You can;
• Promote their business to their target audience,
• Offer advice to them to help them better use Bitcoin as a payment method,
• Buy their product in other currencies on offer that you are comfortable spending. Most businesses convert the bitcoins instantly to fiat, so paying in fiat is also a financial support to the business.

These are options you can go for if liquidating some of your bitcoins is too much of a leap to take and it will still give you results.

Why do you have to take Bitcoin out of your reserves Wallet?  Buy more Bitcoin purposely for supporting Bitcoin businesses.  Just as if you went to the local grocery store and paid in Cash.  Use that Cash to get more Bitcoin you can then use to support other Bitcoin businesses.

Do not make the mistake of starting to take Bitcoin out of the balance you want to be kept as reserves.  You will spend more than you plan to in no time.

Your intention is to support the Bitcoin-Network in any way that you can. Holding is also part of the support, in my opinion, and accepting Bitcoin in your business is also part of the support. Supporting businesses that accept Bitcoin by patronising them is also another means of showing support. What matters is, that there is a transaction going on in the network; there's enough support for it.
 
It is important to think carefully before making any decisions, whether personal or business-related. When it comes to your business, make sure that you are not blinded by your love for blockchain technology and are not taking unnecessary risks. Remember to stay focused on your goals and make sound decisions that will help you achieve success.
 
If you run out of business and there is no longer a stable cashflow, your holding life won't be strong again, as a strong holder is backed up by a stable inflow of income, which will be enough to foot bills, and the need for the holding to be spent won't be there.

So you're more or less in a dilemma between choosing to hold your coins and benefit yourself financially, or help a business and contribute to the Bitcoin ecosystem but with less financial gains potentially.

I say do what your heart tells you. If you think that selling the bitcoin is too much of a wrongdoing to yourself, then don't. If you think that the business, the people you'll get to meet and work with --the ethical satisfaction in general-- outweigh the capital appreciation over the long term, then you gotta sell.

It means you don't have spare funds not because you have to choose between maintaining or supporting the business you want to run even if it starts adopting bitcoin in bitcoin acceptance.

If there is only this second choice then you need to carefully consider whether your new business by adopting will go according to plan going forward? And see what you think the business income is if it is possible for you then support your business.

Another way maybe if your portfolio is already large try to take some capital from what you keep the BTC, the rest you can accumulate again from the results of your business profits into the portfolio, but if you take everything that has been invested in BTC then just to support your business then I think it's very unfortunate especially soon BTC will halving will trigger a higher increase.

This is a personal opinion but you can consider other things that you think are relevant and in line.

I must say I understand your plight and want to iterate that the business should try to survive on it own for at least five years before considering expansion that might require you to invest more Capital into it.

Your idea and discipline to HoDL is very commendable and as such, you shouldn't relent on your effort to HoDL till completion of the duration you intend to HoDL for.
Still encourage your customers to pay in BTC and watch how you make your dream of accepting BTC and encouraging other businesses to do so, materializes.

IMHO, there's no need to get confused by having your long term holding plan focused as what it is and also by simply supporting a business that accepts Bitcoin. Think of what is important to you now? Holding can be done with other activities that's going to make you productive. What are you thinking then? having to slash some BTC holdings for you to support that business? If you don't have any other money from other sources that you have and you're thinking of helping that business through taking a part of your holdings to support it, don't take all of it. There's more to business and you shouldn't put full force of your assets or resource on it as you start. There's a period that you need to study on it during the operation before you fully expand or see if it's worth it to continue it.

In the real world, very few people will stand up for others. So when you say you want to support businesses that accepts bitcoin as a payment method, what do you mean? Do you mean that you want to invest in those businesses? If yes, you can go ahead with 50% of your bitcoin reserve. But never ever spend 100% of your reserve.

Helping others is a good thing, but you need to secure your position first. Never compromise on your own financial security.

I agree with Zaguru12, I think you should invest in expanding your business. I’m a strong believer of hodling but also understand the importance of having a business with constant cashflow. With cashflow, you can buy more bitcoins from the profits you make from the business.
You didn’t tell us the business you’re into, only that you accept bitcoin as payment. In this case, I don’t think it matters whether or not your business accepts bitcoin. The important thing is the product or service you’re selling and how profitable the business is.

Continue as long as you have other cash reserves to meet your needs.


If you have held Bitcoin for a long time, if there are other sources of income that can meet your needs without disrupting your business, I don't think it will affect accepting Bitcoin in your business.
On the positive side, you can hold more Bitcoin in the future with the business model you run, namely accepting Bitcoin.

If there are no other sources of income, I think making that decision is difficult. So that it doesn't become a burden, just do it based on your abilities. If you can do both without financial constraints, continue holding it long term.

If I misunderstood what you meant, please correct me.

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.

Your investment funds should be different from those you plan to use for charity works. Or except you plan to get some kind of reward from helping them I’ll suggest you look for other means  to generate money like I mentioned.  And as we normally say in my local language “Nor go put hand for Watin your power nor fit carry”

Short answer; do the one that actually fits you and brings you profit. That is the safest option.

Accepting bitcoin as a means of investment is definitely creating awareness to it and increases the adoption rate but it definitely has to been only when both parties (buyer and seller) are each benefiting. In the case of this high transaction costs it is not visible for small scale business. It is an alternative means

For your question about investing to bitcoin it has been said before that one should invest what they can afford to lose do not just focus on having more bitcoin only and neglecting other things, hold some other currencies too Atleast for day to day activity and invest into bitcoin when you have the funds to spare.

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?