I don't advice using your money to buy crypto first, it could be a very bad move but my own story is different .
I started with crypto investment before any real world business, because I believe that crypto will work out, in 2018 I got some coins and sold for higher price in 2021, I had enough to even reinvest in any crypto project today.
I had so little to start a business with but enough for crypto investment so the choice is yours but the safest route is business first and investment later.
Topic: Should I invest in cryptocurrency or start my business? - page 4. (Read 1202 times)
The cryptocurrency right now is quite stable with the price range of 16-20k and if this breaks there's a chance to get again in the 4 digit price of the bitcoin and if you got the timing to bought a coin it is the only way to get profitable, it depends on you how long you want to hold this token, if you have extra money and willing to risk go a head but don't put all the single pot those assets this might risk your daily expenses, its more ideal to go with the business if you succeed you can make an investment in cryptocurrency easily but if the business does not get a trend this might lose more than in your cryptocurrency investment.
You have to choose one of the two options to keep your finances safe and can add up easily. Investing in Cryptocurrency cannot always be profitable, at certain times you can lose some money due to very fast price fluctuations.
Starting a business is one of the media that can make your economy better. If you have small capital you can build a business starting from a home business, but if you have large capital you can build a business on a large scale. Starting a business means that you have created new jobs, at least for yourself if the business is still small. If your business has developed, more and more workers will be absorbed and economic growth will continue to run well.
Starting a business is one of the media that can make your economy better. If you have small capital you can build a business starting from a home business, but if you have large capital you can build a business on a large scale. Starting a business means that you have created new jobs, at least for yourself if the business is still small. If your business has developed, more and more workers will be absorbed and economic growth will continue to run well.
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.
Establishing a business all depends on the nature of business and also the money available as well.
There are a whole lot of factors that actually determines the success of any business one would want to venture into such as location, availability, people's desire and a whole lots of that.
Cryptocurrency just as we know is the future and a very nice asset to invest in such as Bitcoin but you must aso have to put in mind the high risk involved in Bitcoin due to its volatility despite it's lucrative nature.
There are a while lots of opportunities involved in cryprocurrency and outside just seeing it as a form of business, it can be treated rather as an investment where you have to buy and keep buying while holding for the future and one of the best times to buy Bitcoin and any other crypto is now since the market is still bearish.
N/B. Not a financial advice.
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,
One thing you need to have in mind is that crypto investments is never a get-rich-quick scheme whereby you could invest $100 today and expect getting $200 in few days time. As for one to make any significant profit in crypto, it requires time due to it's volatile nature, which is why for me, I'll suggest going for business should be a good idea for now until you have enough funds to carter for your immediate needs, as crypto is more profitable for long term investment 
If you're asking this question, you probably aren't ready for either. A business requires a ton of work, regardless what line of work it is. Investing in Bitcoin takes a lot of patience, and isn't with any sort of guarantee. Both are risks, but it's generally accepted you could make a passive profit with Bitcoin if it continued to go up. A business, that's unlikely to go the passive route, especially if you're freelancing. There are some businesses which earn passively, I'm not saying that.
I generally think you shouldn't be convinced to invest in Bitcoin for the potential return. Instead, you should do your research, and determine what you'll do by the features of Bitcoin, and whether or not you think it'll go up based on those features.
Do you think people will generally become less trusting of banks, as an example?
I generally think you shouldn't be convinced to invest in Bitcoin for the potential return. Instead, you should do your research, and determine what you'll do by the features of Bitcoin, and whether or not you think it'll go up based on those features.
Do you think people will generally become less trusting of banks, as an example?
Don't just see the potential for profitable crypto, but you also have to really understand the potential risks that will arise if you don't really understand what you are doing. Investing in cryptocurrencies is not as easy as you think, the risks that will be incurred will also be very large if you are not prepared with everything and some basic knowledge. starting your business in crypto also depends on regulatory issues set in your country, don't violate the rules that have been made. If crypto is legal and allowed as an official transaction then many businesses that you can build with crypto, not just trading but business goods and services can be integrated with crypto.
In all businesses and investments, risks will always be present. But if you are just a beginner, learn to weigh the risks first and chose which one has less risk. I suggest focus on your business first and work for it to achieve good profits. If you think you are already doing good at it and has gained good amount of profits, then re investing might do. This time, give it a chance for crypto and stick to bitcoin. Set your goal for long term, in less than a year or two, for sure you can gain significant profits already. Just stick to your goal and never lost your patience, that way you will succeed in your investment. 
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.
That is for you to decide. Just think of the high risk you can find investing in cryptocurrency. The market is unpredictable and the profits are not guaranteed, so would you still want to prioritize it? However, if you can keep crypto for long term, I must also say that the profits are huge and incomparable. But if you are still starting and would want to make some guaranteed and quick profits, I suggest establish your business first and when it’s working and profiting already, then you can start investing into another business like cryptocurrency. That way, your profits will not be compromised. And definitely, invest in crypto on the money you can manage to lose to avoid future regrets. 
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.
20% of the small businesses fail in the first year and in the 5th year, 50% of the businesses fail and in the 10th year, 65% of the businesses fail. LINKI'm not into business and I know myself that I'm not succeeding into business, and I know that there are some people who already know which works for them and which aren't and for me, business isn't for me. If you really want to start your business, capital isn't enough, but know if you really are capable in building one because there are many factors that might affect your business. Location, competition, how you market/advertise your products, services etc.
As for me who isn't into business, being a freelancer and investing a portion of my monthly income into cryptocurrencies is better, but both of them have pros and cons. If you already build a successful business, you can just continue being a freelancer while doing your business if you can do both. Getting rich in being a freelancer and investing takes longer time than being into business.
Overall, it's up to you. You can try and build a business if you want to try but be sure that you are ready for the worst. You can still invest into cryptocurrencies while building for business so why not try both?
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Considering that freelancing is already a business that you are building which I kinda made the misconception from my previous reply in this thread, I must say that s/he already is doing the business part since in freelancing you are entirely offering services to your clients outside. Businesses is not all about selling goods anyways, since I kind of remembered there were some IT solution companies that offer their tech service and troubleshooting to people either inside/outside their country.Once OP's career in freelancing goes off, now is the time to put those "extras" in crypto.
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.
Start your own business of course you have to gain more experience first in order to make your business growing instead of dying in first few months, by talking to more experienced people and go into the field to check what is going on related to your type of business. After that the profit of that business you can spend it to invest on Bitcoin for more passive income.Lot of stuff to do but to be honest growing up your business is really good while also you can inherit the business to your kids once they are grown up. It's really worth it.
when he is focused on his business and starts doing quite well, it can allow him to learn more about the crypto market. although it does not rule out, some people are lucky with the crypto investments they make recklessly.
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.
Start your own business of course you have to gain more experience first in order to make your business growing instead of dying in first few months, by talking to more experienced people and go into the field to check what is going on related to your type of business. After that the profit of that business you can spend it to invest on Bitcoin for more passive income.Lot of stuff to do but to be honest growing up your business is really good while also you can inherit the business to your kids once they are grown up. It's really worth it.
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.
Hahaha......I don't even know why this funny to me ... Uhmm first of all, when you say the term "crypto currencies" what exactly poops up on your mind? What token has really made you decide to invest in cryptocurrency ?... Cus yes, we have alot of tokens out there.
I won't advise you to take that step cus it sounds as if you wanna invest everything you got innit and expect to get a proportional return but in Bitcoin specifically, sometimes it gotta pull your legs vigorously as it's uncertain to make a living outta it. I:e it pays on due course, when the market is right..... But if you ain't planning of giving everything into it, then it's really fine as the leftover would build a business that you could rely on....untill whenever
Sandra 🧑
It depends on whether you'll be able to start a business and put some money into bitcoin. Don't buy altcoins if you don't have bitcoin, that's one of the things that I tell people who ask me about "crypto". Owning altcoins isn't a bad choice, but bitcoin should always come first and be the largest part of your portfolio. If you want to know why it's because becoming exposed to altcoins exposes you to bitcoin too, but not the other way round.
My answer to your question OP is yes, invest in bitcoin, but don't go all in. Even if you decide to build your business, put 5% into btc. We not only regret things we do and fail, but also things we don't do
My answer to your question OP is yes, invest in bitcoin, but don't go all in. Even if you decide to build your business, put 5% into btc. We not only regret things we do and fail, but also things we don't do
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.
You can always chose the less risky investment and which will give you high chances of making profits, and definitely establishing a good and in demand business will do. Once you are gaining good profits from it, those extra profits can be a good start to invest in cryptocurrency. But never invest for short term as cryptocurrency particularly with bitcoin will always be profitable if you invest in it for long term.You can choose both depending on your budget, if you have a large sum --investing and doing business related to bitcoin is always the best choice.
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 would like to note you mentioned cryptocurrencies and not bitcoin. There is a big difference in vitality and credibility. Looking at your post history, it’s obvious you strongly believe cryptocurrency is a key to riches because a friend suggested so. In the near future you will come to find that there are a lot of “experts” and “friends” who will lure you into ponzis masquerading as trading platforms. A lot of good advice have been given, as for me I wouldn’t tell you what to do but I can tell you this, the first three to four altcoins you buy in this crypto business, how you handle the losses, will dictate how you proceed in this space. So you make a decision.
Every decision has consequences and I think you need look at it very well. The decision to invest in cryptocurrency should not be sentiment but very rational, base on good and enough information. If you want business, do business and if it is crypto, do it but out of sound understanding of what you are getting into. The risk is very high and the reward is also high but it is important not to put all your egg in a basket, especially with cryptocurrency. For whatever reason for a volatile market invesment always have a business to fall back to
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.
If you have a good business in mind, that guarantees good profits even for short term, then make it as your top priority. You can always add another investment like cryptocurrency if you are already making extra profits from your first business. But for now, focus on your first business and work on it so that it will give you your expected profits and even go beyond that. Crypto is also a good investment but the risk is too high that it can’t give you guaranteed profits. 
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.
You can always chose the less risky investment and which will give you high chances of making profits, and definitely establishing a good and in demand business will do. Once you are gaining good profits from it, those extra profits can be a good start to invest in cryptocurrency. But never invest for short term as cryptocurrency particularly with bitcoin will always be profitable if you invest in it for long term.
The both options at OP are good. I'm not going to say cryptocurrency is all you need right now, NO. It's a good investment too but not all you need. Cryptocurrency is unstable and there are chances that, you might make profit within a defined time frame or not. Now the thing is, this time frame isn't predefined by you and as such, your in for a long wait that you can't even tell how long.
In all the wait time, business is the thing that can keep you going. That's if you do your homework right as to what business to start. You get to survey your locality or zone to site your business, know what's lacking, know what they just aren't getting enough of, know what quality services that isn't being rendered and you provided them. Have a proper management plan and you just might have a successful business.
Also, you've got to know that crypto is the future and diversify. Ensure you have some of your portfolio in crypto and your good.
In all the wait time, business is the thing that can keep you going. That's if you do your homework right as to what business to start. You get to survey your locality or zone to site your business, know what's lacking, know what they just aren't getting enough of, know what quality services that isn't being rendered and you provided them. Have a proper management plan and you just might have a successful business.
Also, you've got to know that crypto is the future and diversify. Ensure you have some of your portfolio in crypto and your good.
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