Is bitcoin best option to invest - page 5.

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Quote from: MFahad on August 13, 2023, 02:23:08 PM

Those who think bitcoin as a job Always prefer the selling of everything and invest it in bitcoin but those who understand the fact and involve in bitcoin for only getting profit with income from another source too will never sell anything but they will save some amount to be put in bitcoin which is a good idea.

We should not depend fully on bitcoin because if we do it then at the time of lowering price we will not be able to eat well food at least. Physical business is more suitable because it is under the control of humans but crypto is neither control by human nor by any operating machine.

Bitcoin is indeed a good if not the best investment today because of the huge returns it can generate. But it is not a job, or can bring us daily income to cover our lives. So, it would be foolish to let our lives completely depend on bitcoin and think that it can help us have a comfortable life without having to work much. Bitcoin should only be considered as a long-term investment for the future and we need to find other sources of income to sustain our daily lives. A job with a stable income is always a top priority.

Afnan_faizah

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It is just my opinion but I think there are many lazy people who invest in bitcoin but wants instant profit. I think bitcoin is not like a shortcut to become rich. people who get biggest benefit or profit are the early adopters it means they wait for long time until they can earn huge profit. Is bitcoin one of best investment? I think yes. is it gives instant profit? I think no.

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Quote from: MFahad on August 13, 2023, 02:23:08 PM

Those who think bitcoin as a job Always prefer the selling of everything and invest it in bitcoin but those who understand the fact and involve in bitcoin for only getting profit with income from another source too will never sell anything but they will save some amount to be put in bitcoin which is a good idea.

We should not depend fully on bitcoin because if we do it then at the time of lowering price we will not be able to eat well food at least. Physical business is more suitable because it is under the control of humans but crypto is neither control by human nor by any operating machine.

this depends on the financial capability of the person. he can wait long-term for the hope of profiting from this coin or sell it once it is higher than his buying price. either way, you should know when to sell so you won't get rekt with this investment.
if you have the means, better allocate some of your funds to tangible assets like jewelry or real-estate. this will be your fallback if anything fails from your crypto or digital investments.

MFahad

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Those who think bitcoin as a job Always prefer the selling of everything and invest it in bitcoin but those who understand the fact and involve in bitcoin for only getting profit with income from another source too will never sell anything but they will save some amount to be put in bitcoin which is a good idea.

We should not depend fully on bitcoin because if we do it then at the time of lowering price we will not be able to eat well food at least. Physical business is more suitable because it is under the control of humans but crypto is neither control by human nor by any operating machine.

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Quote from: Mauser on August 13, 2023, 02:52:39 AM

Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

Running your own business sounds like a great deal, being your own boss and keep all the money you earn for yourself is the goal of many people. But we should not think that a business owner is always going to succeed and become rich. A lot of businesses fail and the working hours of business owners is usually much higher. I don't think there is anything wrong in being an employee and use your monthly income to build an investment portfolio on the side. For such people like me taking out all the profits out of Bitcoin might not be the best idea, because I don't really have so many alternatives to invest in.

At the end it all depends on your priorities and having a good work-life balance. If as employee you can make, let's say, 7, working your 8 hours per day, 5 days per weeks, would you want to change it for you boss' salary, let's say 10, but then you need to work 10+ hours per day, 6 days a week? I'm not sure I would accept, because it's better keeping your employee job, money is important but if you are the boss that also means more responsibility which is equal to more dedication, more time, and more stress.

tjtonmoy

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Every investment has risks involved in them. Not a single investment is risk-free. Yes, Bitcoin is a virtual thing that you can not see or held physically. But this is what makes Bitcoin the perfect solution. Bitcoin is decentralized, meaning no one can have any control over your assets. You are the only one who can access it if you manage to keep it that way. Robbery or theft has no impact on Bitcoin as people can't take it away from you. It keeps your privacy safe. Bitcoin's volatile nature can give you success in short-term investment too if you are capable enough. If not, then buy and HODL. After a certain amount of time, you will make a great profit. 4 years cycle for Bitcoin halving is a great way to push the price of it from which you can get a good amount of profit. Not to mention, Bitcoin is inflation free. There are other advantages that come with Bitcoin. But let's not talk about them here.

Now, the question is - what is your choice? There are many people who are successful in doing Bitcoin investments. The key is patience and the will to hodl. If you think of it as a side hustle, then it is a side hustle for you. Bitcoin is a thing that whatever you want it to be, it has the capability to become that.
It was originally created as an online peer-to-peer transaction currency. But while having a volatile nature, it has become an investment asset for people.

You can do whatever investment you think is good for you. Your life, your choice. But Bitcoin gives us freedom and way more benefits than other investments.

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Quote from: Inwestour on August 13, 2023, 04:05:33 AM

Quote from: Mauser on August 13, 2023, 02:52:39 AM

Running your own business sounds like a great deal, being your own boss and keep all the money you earn for yourself is the goal of many people. But we should not think that a business owner is always going to succeed and become rich. A lot of businesses fail and the working hours of business owners is usually much higher. I don't think there is anything wrong in being an employee and use your monthly income to build an investment portfolio on the side. For such people like me taking out all the profits out of Bitcoin might not be the best idea, because I don't really have so many alternatives to invest in.

The bottom line is that not everyone can become a business owner, it's not as easy as it might seem. Even though there is more to work and deal with taxes and many others, there are still many who want to be a boss and not a worker, but the truth is that only some people are ready for this, everyone else will choose to be an employee and not think about all the difficulties of running a business, even though they will earn less.

They will work 8 hours a day and then they will go about their business, relax or spend time with their families, and the owner will sit at work, or even if he is not at the office, he will still think about his business, such is the price for the opportunity to receive more earnings.

So, the "poor" business owner has to think more about their venture? Cry me a river. Everyone makes choices, and those who choose business ownership recognize the pitfalls. But lets not act like every employee lives in some fairy-tale world of 8-hour workdays and blissful evenings. Some are constantly on-call, working unpaid overtime, while their bosses take lavish vacations on their hard work. Maybe the line isnt as clear as you'd like to think. Business ownership might not be for everyone, but neither is the illusion of a stress-free employee life

Inwestour

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Quote from: Mauser on August 13, 2023, 02:52:39 AM

Running your own business sounds like a great deal, being your own boss and keep all the money you earn for yourself is the goal of many people. But we should not think that a business owner is always going to succeed and become rich. A lot of businesses fail and the working hours of business owners is usually much higher. I don't think there is anything wrong in being an employee and use your monthly income to build an investment portfolio on the side. For such people like me taking out all the profits out of Bitcoin might not be the best idea, because I don't really have so many alternatives to invest in.

The bottom line is that not everyone can become a business owner, it's not as easy as it might seem. Even though there is more to work and deal with taxes and many others, there are still many who want to be a boss and not a worker, but the truth is that only some people are ready for this, everyone else will choose to be an employee and not think about all the difficulties of running a business, even though they will earn less.

They will work 8 hours a day and then they will go about their business, relax or spend time with their families, and the owner will sit at work, or even if he is not at the office, he will still think about his business, such is the price for the opportunity to receive more earnings.

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

The fact is that the value of investing in bitcoin depends on what time it is for finance, I mean what the situation is in the global economy.
Unfortunately, bitcoin failed as a "Shelter" currency in which to invest in bad times. If there is some kind of tension in the global financial market, then investors first of all withdraw money from the crypt to fiat. But Gold is an excellent "Shelter" investment, and it has been so at all times.

In general, the situation in the world is just bad now, and bitcoin is frozen in anticipation, and at this time Gold is hitting the highs of its price values.

Mauser

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

Running your own business sounds like a great deal, being your own boss and keep all the money you earn for yourself is the goal of many people. But we should not think that a business owner is always going to succeed and become rich. A lot of businesses fail and the working hours of business owners is usually much higher. I don't think there is anything wrong in being an employee and use your monthly income to build an investment portfolio on the side. For such people like me taking out all the profits out of Bitcoin might not be the best idea, because I don't really have so many alternatives to invest in.

Silberman

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Quote from: Iranus on August 12, 2023, 09:18:39 PM

Quote from: mvdheuvel1983 on August 12, 2023, 09:25:47 AM

Bitcoin is still the best option to invest in 2023. Literally any one can get it with as little as $1 and then grow upwards with the right strategy. Business and real estate requires that I have xxxx amount of money. The speed as which people, I mean the younger generation have escaped the rat race and most of them have become digital nomads is because of bitcoin. Yes, bitcoin in quote offers you the gifts of early retirement and financial freedom for forever.

I don't see real estate or Business doing that. You have to grind in businesses especially as a sole owner, 24 hours a day for years before you start to reap the benefits. Building a business would mess up your work-life balance and it has to if not, you are going to declare bankruptcy and shut down. I reiterate, bitcoin is the best option to invest in 2023.

Bitcoin is the best choice because we don't have enough money to invest in real estate or open a business, that's why most of us choose bitcoin.
I disagree when you say that if you invest in bitcoin you will get early retirement and financial freedom forever, while trading will lead to losses and bankruptcy. Don't forget that today's rich are all rich in business and real estate, they don't even own bitcoins. Moreover, investing in bitcoin also has its risks, you can lose or win, just like in business can be profitable or bankrupt. In short, bitcoin is the best choice for people with small capital but willing to take risks in search of big successes.

Even for someone with a large sum of money bitcoin can be a great investment, after all even if the upcoming bull run is more mild than the ones we have seen during the previous halvings, it is still bound to produce way more profits than what you can get in many other markets, so with this information it is not difficult to imagine that investors with a lot of money in hand may decide to invest in bitcoin and obtain the same results in a few years which could be obtained in other markets in decades.

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Quote from: mvdheuvel1983 on August 12, 2023, 09:25:47 AM

Bitcoin is still the best option to invest in 2023. Literally any one can get it with as little as $1 and then grow upwards with the right strategy. Business and real estate requires that I have xxxx amount of money. The speed as which people, I mean the younger generation have escaped the rat race and most of them have become digital nomads is because of bitcoin. Yes, bitcoin in quote offers you the gifts of early retirement and financial freedom for forever.

I don't see real estate or Business doing that. You have to grind in businesses especially as a sole owner, 24 hours a day for years before you start to reap the benefits. Building a business would mess up your work-life balance and it has to if not, you are going to declare bankruptcy and shut down. I reiterate, bitcoin is the best option to invest in 2023.

Bitcoin is still the best option to inverse your money this year also.The bear market was in process from the 30k mark,still the market will react in the positive way.Bitcoin had enable us to get financial freedom from the society.Mostly we are financial dependent by the regular jobs,but we being the bitcoin user we get more benefit from the bitcoin.Because many of my friends get settle in their life using the bitcoin and some trusted altcoin investments.Many business depends on the cryptocurrency had their massive growth now a days.

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Bitcoin remeans my number one choice for investment, as a beginner with a low capital for investment. I will advice my children to look into Bitcoin investment first before other business like real sate, and business. dependency of Bitcoin makes me love Bitcoin more, is not that I can not go into another business. but as a person with a low capital, I will advice for them to go into Bitcoin investment first because of Bitcoin is reliable. as for my children, they will still invest in other business. but it must be Bitcoin first before others.

Iranus

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Quote from: mvdheuvel1983 on August 12, 2023, 09:25:47 AM

Bitcoin is still the best option to invest in 2023. Literally any one can get it with as little as $1 and then grow upwards with the right strategy. Business and real estate requires that I have xxxx amount of money. The speed as which people, I mean the younger generation have escaped the rat race and most of them have become digital nomads is because of bitcoin. Yes, bitcoin in quote offers you the gifts of early retirement and financial freedom for forever.

I don't see real estate or Business doing that. You have to grind in businesses especially as a sole owner, 24 hours a day for years before you start to reap the benefits. Building a business would mess up your work-life balance and it has to if not, you are going to declare bankruptcy and shut down. I reiterate, bitcoin is the best option to invest in 2023.

Bitcoin is the best choice because we don't have enough money to invest in real estate or open a business, that's why most of us choose bitcoin.
I disagree when you say that if you invest in bitcoin you will get early retirement and financial freedom forever, while trading will lead to losses and bankruptcy. Don't forget that today's rich are all rich in business and real estate, they don't even own bitcoins. Moreover, investing in bitcoin also has its risks, you can lose or win, just like in business can be profitable or bankrupt. In short, bitcoin is the best choice for people with small capital but willing to take risks in search of big successes.

Weawant

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically

The best investment are no longer physical investment and an example is Bitcoin investment, we also have forex, stock market, bond, shares and the list can go on. Don't limit your investment to physical business because they have their limitations and disadvantages too.

Digital investment is the new type of investment and billionaire are been produce from this means of investment that will take your physical investment years to get to their level of wealth. When. You make money from bitcoin, you can sell and wait for the market to dip to buy.

Bitcoin is a future investment so you shouldn't be bothered about the short profits. Keep accumulating bitcoin and in the future instead of joining other's to regret not investing in Bitcoin or selling their Bitcoin for physical business, you'll relaxing because you trust Bitcoin.

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

I think you are gravely mistaken- investing in BTC for either short/long-term can yield excellent results given that you know what you are doing.

Again. let me just reiterate- investment is an activity where you have extra resources to be allocated in this venture for long-term results. The reason on why people invest in the first place is for their extra money to grow instead of just sitting at their safe doing nothing.

As this may be the case, investment is "an another activity" in conjunction with your main source of income. Sure, there may be people who have multiple investment instruments running that can support their livelihood but you must not use this solely as your main source of income.

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Quote from: Ale88 on August 11, 2023, 08:43:29 PM

Quote from: Onyeeze on August 09, 2023, 03:00:29 PM

You have not read some articles of bitcoin, even a good cryptocurrency investor will tell you that bitcoin investment should be your side hustle, without being in signature campaign which investment do you have in bitcoin, investigate properly before making a conclusion, we need to make our investment to not be directed in one circle, at least recircle or extend our investment to another investment, why everyone is investing in bitcoin is because it's a decentralized currency and upon that I did not condemn bitcoin investment, I only said it will be good to invest in other side of investment and make bitcoin our side hustle

You are not saying anything new: one of the first advices in the investment world is diversification, never put all your eggs in one basket. It would be wrong with bitcoin (or any other cryptocurrency) just like it would be wrong with stock market or real estate because if for any reason one of those sectors would go down that means you would be losing a ton of money. But if 5-10 years ago it would have been wise to invest just a very small size of your portfolio in bitcoin, nowadays I think there is nothing wrong investing even 20-30%.

Both of you are saying almost the same thing, but the second person is more elaborate on this topic. While I understand the plight of the creator of this topic about diversification. He is saying this based on the volatility of Bitcoin and for the fact that nothing is sure not to fail.

If one happens to invest all they have in Bitcoin and eventually bitcoin fails, it will be so disastrous for the person.
But then, according to the second speaker, at this stage of the Bitcoin, we are sure that bitcoin is not feeling any moment. Therefore it is nice to invest appreciable percentage of your portfolio in Bitcoin, and it is also encouraging to diversify according to the OP.

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Quote from: Onyeeze on August 09, 2023, 02:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

- You know that all of us here in the forum have different thoughts and understanding of Bitcoin, there may be similarities but not in the end. We can't blame others because if that's how they know and trust Bitcoin and no matter how deep this trust is, that for sure can't be changed. Now ifyou want to change their mentality on Bitcoin, I don't think you need to do that.

Because, the trust they have in Bitcoin as a good investment for them based on their knowledge, you can't deny that. Because if we are talking about reality, the value of Bitcoin does not really decrease with each passage of time. That's the truth there.

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Quote from: Ziskinberg on August 11, 2023, 04:38:22 PM

Quote from: darkangel11 on August 11, 2023, 03:42:03 PM

Investing in bitcoin in many aspects is much better than running a business, especially if you already own one business.

I don't totally agree with this one and maybe because I have a passion for running the business rather than just holding Bitcoin. Of course, I have to accept that Bitcoin is profitable but because of uncontrolled price movement, there is no certainty to make a target profit every month or even every day, unlike business where you can really achieve it if you are working hard and have an effective strategy. But because we are talking about crypto investment, nothing could beat Bitcoin as it was the most trusted coin in the crypto space.

Only 21 Million Bitcoins will be created. What does this mean for you? Think of it this way, as Bitcoin becomes more popular, more people will want to own it. This means increased demand. As there are no more Bitcoins to be created, the demand for each Bitcoin will increase. This will cause the price to rise and the price of Bitcoin to reach an unreachable level. It may take many years for all of this to happen. Investing your money in different commercial instruments instead of Bitcoin in this time may provide you with income in a short time but when you think long term, even the smallest investment in Bitcoin will return much more in the future.

It is also very easy and fast to invest in Bitcoin. You can buy or sell BTC at any time. You do not need to sign an agreement, you can do everything yourself. I can give dozens of reasons to prefer Bitcoin over traditional banking systems. Some of these can make international transactions much cheaper and faster. You don't have to follow the stupid rules of banks. People send money to each other more easily, you control your money, not the bank. You can perform your transactions anonymously. All of this is a valid reason to invest in Bitcoin. Bitcoin promises you freedom.

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Quote from: Hypnosis00 on August 12, 2023, 09:12:45 AM

Yes, we usually thought that was too easy but if you don't have good knowledge about Bitcoin and how to manage your wallet, you will be surprised that your funds are already gone. That is why I don't agree that Bitcoin is for everyone but rather say that we all have the opportunity, yet it is only our choice or desire to do it as it was not a good idea to force someone when they are not capable enough as in the end, they only regret it.
So I say, those who can afford to take risks can try Bitcoin but if not, better to forget it and look for an investment that we think can do it.

Many traditional investors, who already own a lot of capital do not consider bitcoin for investment, because they consider it too risky an asset. And I agree that the more your capital, the more it is worth worrying about its safety, the more our capital, the more it can bring profit even with small annual interest.

Bitcoin is suitable for those who are willing to take risks in order to be able to quickly increase their capital. Yes, there are always risks, and perhaps the most reliable investments with the lowest interest rates are also subject to certain risks, but they are not so high. This is the choice of everyone, in the end the winners are not judged, then there will be those who will say that those who bought bitcoin were just lucky.

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