Topic: Should I invest in cryptocurrency or start my business? - page 2. (Read 1202 times)
Both investing in crypto and starting a business have their own positive and negative sides. they also have their own risks. But, you need to know what you need to do with your money because you need to manage your funds. Crypto investment may be promising and will give you big profits But this is a higher risk. You may not patient enough to see the bullish era. But if you are really ready for the condition, you may set some budget to invest in crypto. Ensure that it is Bitcoin investment only for newbies. Money management is very important here, you may also star doing business and investing in crypto right? It is based on your own money management to minimize the risks. Not all in.
I have been working as a freelancer for years, and I have saved some reasonable sum of money. now knowing the full potential that cryptocurrencies have, I am now confused on what to do if is to invest in cryptocurrencies or to establish a business while still working as a freelancer, I don't know the one I should do at moment, if to invest in cryptocurrencies or to establish my business.
I'd say NO and YES.No -- in the sense that I dunno how much you're Worth and the way you're presenting it, it seems You've got some cash Capital and you're confused on what to take up, so you wanted to know if cryptocurrencies could pay off more than establishing a business ??
Yes -- Cus you could have much on you and still decide to have an extra investments -- in this case, you could take up the idea of investing in cryptocurrencies at ease. Don't put In your cash Capital on some lame coins that'll simply depreciate after few months -- Bitcoin should be an explicit option for a case like yours.
Sandra 🧑🦰
As the market is currently not in a good condition, you might invest all of your funds and think you can sell those coins you invest on in time, but due to market conditions you might not want to sell it and you might be in need of money or you might have an urgent problem to solve, so what I'm saying is that freelancer is where you can make yourself feel comfortable at this moment. Or out of your funds you can use 30% to invest while 70% into your business.
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Why you wanna invest in only one sector where you can invest in both at the same time as you are getting an income through freelancing. I would like to say or suggest you to share some percentage of your funds in advance. But in this current situation of market don't invest on alternative coin many have stop theses production so if you wanna invest in Cryptocurrencies now then I will say buy bitcoin for long-term if you have lazy fund.
I have been working as a freelancer for years, and I have saved some reasonable sum of money. ..
Investing in cryptocurrency should be a conscious and voluntary choice based on knowledge. And if you think that your knowledge is enough, you need to make your own decision about investing, since this is your money and you are fully responsible for their safety. But if you still have doubts, then invest half of the funds you have collected, and leave the other part to create a business.
Money is not enough to start up investment, their must be knowledge to back it up. Knowledge is the principal thing one needs, with knowledge one don't have to be confused how to go about investing. When it is difficult to make decisions concerning investing it means their is no preparation yet. Some people thinks having money to invest is all they need and they do not try to consider time in investing on knowledge is also important .
I have been working as a freelancer for years, and I have saved some reasonable sum of money. ..
Investing in cryptocurrency should be a conscious and voluntary choice based on knowledge. And if you think that your knowledge is enough, you need to make your own decision about investing, since this is your money and you are fully responsible for their safety. But if you still have doubts, then invest half of the funds you have collected, and leave the other part to create a business.
I have been working as a freelancer for years, and I have saved some reasonable sum of money. now knowing the full potential that cryptocurrencies have, I am now confused on what to do if is to invest in cryptocurrencies or to establish a business while still working as a freelancer, I don't know the one I should do at moment, if to invest in cryptocurrencies or to establish my business.
Investing in crypto is indeed a tempting thing but of course it also has risks.
But I think the sensible thing is to grow your business first.
Because you can fully control the business risks that you will develop.
Besides that, also start to increase knowledge to invest in cryptocurrency.
It's just my advice not to invest in just any crypto coin.
Invest your money in Bitcoin and maybe top Altcoins like Eth.
Make sure you don't waste your money investing in shitcoin.
I have been working as a freelancer for years, and I have saved some reasonable sum of money. now knowing the full potential that cryptocurrencies have, I am now confused on what to do if is to invest in cryptocurrencies or to establish a business while still working as a freelancer, I don't know the one I should do at moment, if to invest in cryptocurrencies or to establish my business.
Maybe you can do both, but it's best to use the funds you have to build a business and then when you have made a small profit from your business then use that profit to buy bitcoins and make bitcoins a long term investment, because if one day your business goes bankrupt at least You still have bitcoins that you can sell and may be able to make a large profit selling them later. I have been working as a freelancer for years, and I have saved some reasonable sum of money. now knowing the full potential that cryptocurrencies have, I am now confused on what to do if is to invest in cryptocurrencies or to establish a business while still working as a freelancer, I don't know the one I should do at moment, if to invest in cryptocurrencies or to establish my business.
It depends on your experience if you had knowledge already with business then go establish or invest in business and it's up to you what kind of business you should think about the place , the people and ofcourse when it comes to city so you can build a good business depends on what people need. In my own opinion regarding in cryptocurrencies if you don't have enough knowledge about this then maybe you should stick on stocking some of bitcoin this is the best asset you'll ever had so far.and if you're not sure about crypto you can learn more about it on internet.
I am now confused on what to do if is to invest in cryptocurrencies or to establish a business
If you have handsome amount of money and you want a small but instant and quick Profit then you should start a business rather than investing in Cryptocurrency. Because crypto is longterm game, all those who invest big amount of money in Bitcoin and hold it for 3 to 4 years they get a huge huge profit which they didn't expect, like all those who bought BTC at 6k and sell it on 60k they got 100x profit. While on the other side if you start a business it will give you instant money but small. So decision is yours. It's just my taught so DYOR When it comes to making this choice, I believe you should give it some thought before coming to a decision because, while investing in bitcoin won't be bad at all, considering it to be a long-term investment, and I actually understand how you feel when it comes to choosing one, I feel that investing in physical business is not also bad. If you aren't using the money right now, I believe you can actually buy and hold, the opportunity is still there to do so. Also, if you want to buy, please stay away from altcoins and also avoid keeping your assets in an exchange and please keep your private key in a safe place.
Seems Op is having double thought. maybe he has bitcoin and business at heart , and he is not sure of which investment to go about. The best thing is to invest amount of bitcoin that he can afford to loose, then can also invest in business with remaining money left with him. It is always advisable not to put all investment in one basket, it is good to diversify investment . Investing in bitcoin and also investing in a business is a good one, he can depend on the business for steady income and hodl the bitcoin until it is profitable. 
Investing in an established asset such as bitcoin is already a great move. And at the same time, you can divide and give each portion depending what you think is right.
You can all-in to your business if you want to or do that to bitcoin but as much as you're decided, choose what you think will make you grow. Not just by learning lessons but with the aim to be successful by doing any or both of it.
You can all-in to your business if you want to or do that to bitcoin but as much as you're decided, choose what you think will make you grow. Not just by learning lessons but with the aim to be successful by doing any or both of it.
When it comes to making this choice, I believe you should give it some thought before coming to a decision because, while investing in bitcoin won't be bad at all, considering it to be a long-term investment, and I actually understand how you feel when it comes to choosing one, I feel that investing in physical business is not also bad. If you aren't using the money right now, I believe you can actually buy and hold, the opportunity is still there to do so. Also, if you want to buy, please stay away from altcoins and also avoid keeping your assets in an exchange and please keep your private key in a safe place.
crypto market is going throw the bear run. Now btc and altcoins are cheap. But it can take long time to see another bullish days. So it is your decession now. If you can afford long term return then it is time to invest now.
I prefer Bitcoin over Altcoins, now is the time to get Bitcoin at a cheap price, entering the market when it is on discount will potentially get many times the return. Suggestions from people on the forum who have made profits based on personal experience, Op can consider suggestions from several users here to manage their money well. To reduce risk, Bitcoin will be a good medium for investment.and altcoins can be a second alternative to take bigger profits with bigger risks.
but if indeed we can be good at choosing some crypto assets to hold long term choosing both of them would be better.
just think of ethereum as the oldest altcoin that has little risk compared to other altcoins.
so we can choose bitcoin for the first asset and ethereum as the second asset as a long-term investment
crypto market is going throw the bear run. Now btc and altcoins are cheap. But it can take long time to see another bullish days. So it is your decession now. If you can afford long term return then it is time to invest now.
I prefer Bitcoin over Altcoins, now is the time to get Bitcoin at a cheap price, entering the market when it is on discount will potentially get many times the return. Suggestions from people on the forum who have made profits based on personal experience, Op can consider suggestions from several users here to manage their money well. To reduce risk, Bitcoin will be a good medium for investment.
Congratulations you have been able to save up some money as a freelancer. Trust me this is no easy feat. Now go to your question, I would say it shouldn't be one or the other, but it should be one and the other. What do I mean? You should both invest in a business that you have adequate knowledge of and also invest in cryptocurrency particularly Bitcoin. Just us you will do your due diligence when investing in a new business venture so you should also do your due diligence when investing in Bitcoin. Like they would always say do your own research.
My advice is to use a small portion to buy bitcoin and the rest to start a business.
You are the only one that can decide.
As for me I will invest in crypto and still run a small business, the reason why we get tired of a bear market is because of the condition we are in while the bear market is active.
Many people invest more than they can afford to lose and when things look more uglier they start to freak out, invest what you can afford to lose and use the rest to run a business.
As for me I will invest in crypto and still run a small business, the reason why we get tired of a bear market is because of the condition we are in while the bear market is active.
Many people invest more than they can afford to lose and when things look more uglier they start to freak out, invest what you can afford to lose and use the rest to run a business.
crypto market is going throw the bear run. Now btc and altcoins are cheap. But it can take long time to see another bullish days. So it is your decession now. If you can afford long term return then it is time to invest now.
I'd pour all in Bitcoin/ethereum and leave it for few years. Profit guaranteed. Take this as financial advise.
Just remember to take security seriously.
Just remember to take security seriously.
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