Is bitcoin best option to invest - page 7.

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

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.

There are many investment methods that can be run by someone and it is not limited to investment in Crypto, the more investment places we live, the greater the chance to generate profits. But talking about investment methods in many places will force us to focus on undergoing many things and this is where the difficulty is when someone is unable to run properly. People see the potential in Bitcoin today and most of them try to invest in the long run and I agree with you in one thing in spreading income and not only limited to Bitcoin.

Sometimes running a business that has a physical will be far more real, but it is no different from people who run an online business in accordance with the times. Getting the benefits of Bitcoin can develop other businesses in the real world and someone must be able to take advantage of the slightest opportunity and if bitcoin can bring someone to achieve it all, why not?

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Quote from: Onyeeze on August 09, 2023, 06:35:24 PM

Is not good not to research, when you research of things you pick some point's, many people here have their way of life and their way of understanding somethings of bitcoin, from past thread I read so many of the people who invested in bitcoin advice us that is beginners in bitcoin investment that it should be our second option of investment, so I'm telling you guys that bitcoin is not highest option for investment but many of you rise against my statement, diversify your source of income not only in bitcoin and don't take bitcoin investment as the key investment because its a virtual currency despite that its a decentralized currency

Op are you trying to justify your lack of understanding? Op you are promoting a company in the bitcoin discussion forum, and almost all the comments said, bitcoin is the highest cryptocurrency to invest and you are still disputing the fact without evidences. The only thing you would have said was people should not depend only on bitcoin investment, they should have something doing to support their investment and not the other way round. Even @Richycryp comment is also confusing me and if there are errors I will want him to edit and be like the op.

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Yes you are correct because so many people is always asking for advice on how to go on with investing in bitcoin.
You can really depend on bitcoin because the market is no man land, anything can happen at anytime.
So you need to study what you want to do and try to use your spare money not to sell your things and if something happened you will start crying and blaming people that introduced you to bitcoin.
So be careful

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Quote from: Maslate on August 10, 2023, 05:08:33 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.

As investors, it's necessary for us to understand how to manage risk. Some of us here use money from our businesses to invest in crypto, while other investors make money in crypto and use some of their funds to start businesses. The point is, having multiple businesses or sources of income is always better than focusing on a single investment alone. As an investor, I understand that putting all our eggs in one basket is very risky, so it's necessary to diversify our funds effectively across different investments.

Moreover, investing in crypto does not guarantee a profit; it's akin to gambling where the outcome is uncertain. Therefore, we shouldn't rely solely on this and think of it as a surefire success. It's crucial to consider the possibility of failure.

The possibility of failure is the number one reason people make a profit. If you consider that there is a possibility that you could lose and then get ready for that, it means that you are going to end up with a profit since you would be able to see the loss coming a mile away. However, if you do not consider the possibility of losing, then you are going to end up with a loss and that will not be a smart idea for you at all.

I would highly suggest and implore everyone that they should be able to see it as something that would make a lot more sense in that regard. Just make sure that you are ready when the potential loss may come, not saying you will, just be ready if it happens just in case and you will be doing better.

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Quote from: The Cryptovator on August 09, 2023, 03:42:17 PM

Investing in Bitcoin can be a strong choice if managed well and if you have sufficient funds after covering your family's financial needs. However, it's important to note that Bitcoin is an investment with no guaranteed returns. It's possible that you might need to wait a considerable amount of time to see a recovery in its value due to its high volatility. Therefore, determining whether Bitcoin is the right investment depends on various factors.

Yeah... before investing we must be able to fulfill family finances along with the emergency fund so that the investment is not interrupted and not taken again when there is a sudden need, it is important to manage other assets before investing anything.

Choose bitcoin investment over others - Because the knowledge in bitcoin is quite extensive including from the tendency of the market to fluctuate due to high volatility but enough to believe that bitcoin is quite an important asset and as a future investment option many people do.

Indeed, there is no guarantee of returns with when the time, but people who have been in the scope of bitcoin for a long time already know the meaning of the cycle even though it cannot determine it, but I still believe in this asset.

I also will not leave other businesses even if bitcoin becomes the first choice.

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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.

While you might have been clear and decisive on some of the points raced, having to warn that bitcoin is just some virtual currency on the web leaves me to think it’s less practical like we have in paper and government backed up money.

That doesn’t sit well with me as o wouldn’t understand it. How much virtual do we have in a softly placed figures in mobile banking and still, we consider it money?
How much more do we have on the virtual traded currencies and other commodities in the FX market for its values?
Let’s not forget even though we know better that, it is assumed or we are being let to believe that, every single USDT out there is backed with a physical dollar and if that be any true, there we have it with backings and value to it as a virtual asset with the pegging.

The highest backing bitcoin might ever need it’s what it’s got and that’s the backing of the people.

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Well, IMHO, this all sums up minding our own businesses. Whether you do Bitcoin trading and investing into a full-time thing, what's the matter with that? If someone does it part-time and does a trade once in a while, it's not a problem. This is like knowing your craft and what you are up to. If you like doing things as a passion and you want to make it as a full time, no one has to dictate what you must do. It is you that's aware of your finances, your strategy, your investments and everything.

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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.

One thing we must keep in mind when we invest in Bitcoin is that we can't invest with the attitude that we will get dollar after dollar at the beginning of investing. Bitcoin is a long-term project that takes time and we have to keep in mind that there is a risk common to Bitcoin. There are a number of people who are in too much of a hurry to make a profit by investing in Bitcoin and then they get hurt by Bitcoin because they don't make the right decision. As op said to teach our children other trades than bitcoins. I think when our children are adults if Bitcoin is still around then I think it would be profitable if they can or want to do other things besides Bitcoin.

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Quote from: Bitcoin_people on August 10, 2023, 05:47:23 AM

Bitcoin investment is mainly done by people for the purpose of making profit. But one thing must always be kept in mind that this is a virtual currency which carries some risk. Although I think Bitcoin is less risky than other cryptocurrencies we can safely invest in Bitcoin. Nowadays, it is seen that if a person invests his money in a bank, there is a lot of risk involved. Because in banks nowadays most of the time people lose money only because of bank failure. So I think it is good to invest in bitcoin and it is possible to earn good in future so it is expected that investing in bitcoin is not risky.

Bank failure is rare to seen. So I don't agree with you that there is a lot of risk involved in inviting money to the bank. But you can say that the amount of profit from banks we got it is not able to tackle the current inflection. And that's why investing in Bitcoin can be a solution. But it is not a good plan to invest all your assets in Bitcoin only. It is possible to make huge profits from Bitcoin but it requires patience

Quote from: Questat on August 10, 2023, 07:46:45 AM

I followed this investment ratio since before,
60% - for Bitcoin
40% - for altcoins

Your plan is very good and I appreciate it because altcoins are much more profitable in less time than Bitcoin. But altcoins also have the highest loss record, so if you invest more in bitcoins, you should also invest some in altcoins, then they will minimize our profits.

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Correct me if I am wrong but seems like the title of this thread and the main post is barely correlated. The title ask whether Bitcoin is the best investment, but then the final phrase was bitcoin investment should be use to fund other business. There is a huge different between investing and building a business, if you want compare whether Bitcoin is better investment you should compare it to other form of investment like Gold or Real Estate. But then if you want to compare Bitcoin Investment to creating a business (which one is more profitable) then it really depends on the person, it won't be depend on the Investment Instruments anymore and the comparison won't even make any sense.

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Quote from: Onyeeze on August 09, 2023, 06:35:24 PM

Quote from: Ayebabara on August 09, 2023, 03:08:40 PM

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,

Then what are you doing here since you don't take bitcoin as the highest coin for investment. As others have said, bitcoin is the highest cryptocurrency to invest in and after bitcoin then Enthereum. But before you invest in bitcoin make sure you know the in and out. The risk involved in it so that you will not blame anyone for your downfall.

Is not good not to research, when you research of things you pick some point's, many people here have their way of life and their way of understanding somethings of bitcoin, from past thread I read so many of the people who invested in bitcoin advice us that is beginners in bitcoin investment that it should be our second option of investment, so I'm telling you guys that bitcoin is not highest option for investment but many of you rise against my statement, diversify your source of income not only in bitcoin and don't take bitcoin investment as the key investment because its a virtual currency despite that its a decentralized currency

You are expressing your opinion based on what you know about investing in bitcoin; nonetheless, your viewpoint shouldn't coincide with that of others. Some of us here are eager to have money simply for investing in bitcoin since we feel secure doing so, if you regard it as a side business or alternative investment.

What is the initial investing option if bitcoin is your second choice?
Your manner of speaking only serves to confirm my suspicions that you are clueless of bitcoin and may require some clarification on the distinction between work and investment. Make sure you trust bitcoin if you're using your money to purchase it.

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Quote from: cheezcarls on August 10, 2023, 08:23:37 AM

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.

First of all, we’re not financial advisors here.

The decision on investing into Bitcoin is completely up to that person who also acknowledges the risks of market volatility and it can uncontrollably go up or down in price without warning.

As much as I love Bitcoin, I do not say about it being the “best option to invest” because that makes me sound like a financial advisor.

Some of my relatives asked me about it too if Bitcoin was the “best choice” to invest. I wasn’t encouraging nor discouraging them to get in to Bitcoin as I only explained to them about the risks of getting in and to see if they are ready or not to lose the money that they can afford as it does not offer any promises or astronomical guaranteed returns.

There’s nothing wrong about Bitcoin being a side hustle if you were to accept it as a mode of payment for selling your services or getting incentivized by some opportunities that offers payments in BTC.

Even if you are a financial advisor, how do you judge which is the best investment if everyone has different investment views? You don't have to make things complicated, if you feel bitcoin is the best investment then tell them and don't forget to emphasize that it is your own opinion. In your opinion, if bitcoin is not the best investment, what is the best investment? For me, it's the best investment and I wouldn't hesitate to answer honestly if someone asked me, but give someone investment advice and I'd turn it down. If they want to invest, they need to do their own research.

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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.

I find it short sighted to let money stay parked in a few coins.

Most people look for great gains with little effort. Ok some years you do good but if you invest in a business and do it right you make much more than parking money in Bitcoin or any other coin.

What people make when juggling billions is not applicable for most of us.

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From the length of the OP description, I can understand that all types of investments must be believed to get an appropriate return, it doesn't have to be bitcoin as long as the investment is made like a side business.
This form of investment can be made anywhere as long as the form and investment to be made can be understood properly and correctly by every potential investor because the purpose of investment is to make a profit, not to get rich quickly.

For people who want to invest in cryptocurrency then bitcoin is the best investment ever that I know since I've been active with crypto world.

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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.

First of all, we’re not financial advisors here.

The decision on investing into Bitcoin is completely up to that person who also acknowledges the risks of market volatility and it can uncontrollably go up or down in price without warning.

As much as I love Bitcoin, I do not say about it being the “best option to invest” because that makes me sound like a financial advisor.

Some of my relatives asked me about it too if Bitcoin was the “best choice” to invest. I wasn’t encouraging nor discouraging them to get in to Bitcoin as I only explained to them about the risks of getting in and to see if they are ready or not to lose the money that they can afford as it does not offer any promises or astronomical guaranteed returns.

There’s nothing wrong about Bitcoin being a side hustle if you were to accept it as a mode of payment for selling your services or getting incentivized by some opportunities that offers payments in BTC.

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Quote from: Questat on August 10, 2023, 07:46:45 AM

-snip-
I followed this investment ratio since before,
60% - for Bitcoin
40% - for altcoins

Nice ratio, but you are forgetting the Reserve funds you need to buy back when the market crashes.

From the amount of money, I have 50% DCA for Bitcoin and 40% Diversified on some potential Altcoins and also try to catch memecoins or shitcoins (trying to get lucky) that might give big profits in an instant, but the allocation is probably only around $100, not more than that.

The top altcoins are still the best choice and do some research before entering.
The remaining 10% I provide for Reserve funds, in case the market crashes and is at the bottom, so that it can get Bitcoin or Altcoin prices cheaper.
Every trader or investor has their own investment ratio, it cannot be confused with our own ratio.

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

-snip-

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.

Many people think that only investing in Bitcoin will make them rich overnight, even though investing in Bitcoin is the same as investing in other investment instruments where investment and financial management is needed to be able to reduce potential losses and maximize the value of the investment made.
A smart investor certainly will not put their investment in one place, they will certainly make several investments to be able to diversify their investment and create several sources of income to be able to support their investment.

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Quote from: bitzizzix on August 10, 2023, 07:42:16 AM

When viewed from the level of security of Bitcoin assets and the quality of the Blockchain network, Bitcoin is much safer to store and also as an investment, especially for the long term because Bitcoin will provide promising benefits compared to other investments.
it's not about a good investment of all types of investment, but Bitcoin can be trusted in terms of profit as long as you wait patiently and believe that bitcoin will bring you good profit in the future or for the long term. But it's good that we don't only have bitcoins to invest, and besides Bitcoin, I think investing in property or land, education and also gold I think are good besides Bitcoin. But I still assess and prioritize that Bitcoin is the best in terms of profit and security, and the risk is also very small if we have the patience and strong belief to wait however long.

Controlling by our self with Bitcoin assets without depend on third party is why reason most safety when saving assets in Bitcoin but must hold in not exchange wallet. Difference with other kinds of investment like Bank deposit we need third party as Bank for place saving our fund and loss controlling when Bank bankrupt like in United State and we loss our fund. I don't think profitable when investing in property or land as soon possible with Bitcoin because we need time and waiting more than ten years later with property or land price increasing up, have politician effect when investing in the land actually without any good progress of some land investing face difficult for price up. Bitcoin is the best choose for investing not only fast for growing up but also we have own self controlling with our Bitcoin assets without need help third party service for saving our fund.

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Bitcoin is the best investment in crypto but people don't just keep Bitcoin alone, they also have invested in some altcoins. And I certainly agree that idea knowing that even though Bitcoin is known for its profitability and less risky investment but considering investing more will generate more profit, despite the risk people still choose to do it.

I followed this investment ratio since before,
60% - for Bitcoin
40% - for altcoins

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When viewed from the level of security of Bitcoin assets and the quality of the Blockchain network, Bitcoin is much safer to store and also as an investment, especially for the long term because Bitcoin will provide promising benefits compared to other investments.
it's not about a good investment of all types of investment, but Bitcoin can be trusted in terms of profit as long as you wait patiently and believe that bitcoin will bring you good profit in the future or for the long term. But it's good that we don't only have bitcoins to invest, and besides Bitcoin, I think investing in property or land, education and also gold I think are good besides Bitcoin. But I still assess and prioritize that Bitcoin is the best in terms of profit and security, and the risk is also very small if we have the patience and strong belief to wait however long.

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