Topic: What should I choose - page 19. (Read 29992 times)

Of course man! Opening a traditional business-something real and solid- is very good and gives you a daily return than keeping you awaited and chaotic like the cryptocurrency which with degeneration in market gives tough time.

Simple as that! That is what I have done anyway, so having those two options; I really would not want to take any for granted. After all, one of the first things when it comes to business is never to put all your money in one place to at least be able to spread the risks.

Investing in cryptocurrency is a business as well, so having multiple businesses as long as you know you have the skills and knowledge to handle them so as to have multiple streams of income in the long run is not a bad idea at all.

because this is a very promising and fast investment that makes people easy to become millionaires, so don't ever look at crypto just next to me because crypto is a place of work that makes big money

Yes you’re right, the both are risky. But I think investing his money in cryptocurrency will be a lot risky than investing it in a business. Investing in cryptocurrency is not easy and it requires a lot of skills and he might still lose or maybe things won’t work out real quick as he might expect. So it will be best for him to start up local business and grow from there. I believe a lot of us here have local business and some of us work in office jobs.

Being in your position I would prefer a real business. The answer to this question is simple. The crypto market is very volatile, so here no one will give you guarantees that you can earn. From the moment your post was written down to now (and this is only 8 days), the Bitcoin rate has fallen by $ 1,500 and your theoretical investment would have decreased too. Crypto currency is worth buying for the amount that you are not afraid to lose, otherwise the trade for you can end badly.
But in parallel with the opening of a real business, I would recommend that you study information about crypto currencies. Maybe you have a small amount (which is not needed for starting a business) you can buy yourself some bitcoin / or part of bitcoin. But remember, it should not be the money that you really need to live.
That's when you will receive a regular profit from your business, then you will already have the necessary knowledge and money to start investing in cryptocurrency.

If you have enough money to do it, open the business which you want. Besides it, you can continue dealing with the cryptocurrencies. Simply choose holding, but not the day trading.

With the present state of the crypto market,starting a real business should be your first option, look later you can decide to invest in crypto.Be wise.

Cryptocurrency is a real business. If you have the support and the expertise to work for yourself, I think you should do that. You will create work for yourself and even for others. The idea of being an investor and waiting to collect your winnings is not an idea with which I'd be comfortable. Investing is something you do when you have a bit of surplus money. Common wisdom tells us we must only invest money which we feel we can afford to lose without altering our lifestyle. So there's my bit of advice, FWIW. And I do wish you well.

I would not advise investing in cryptocurrency, look at the market and you will understand why, every day the market is falling and falling and many people leave the cryptocurrency sphere with heavy losses and maybe we will not see when the market will start to grow, so I advise you to choose the second option and create your own business in the topic that you understand and know that everything will work out there.

Investing in cryptocurrency for now is an easier and less stress free than a real business. Cryptocurrency investment is what you can quietly manage without having middlemen in your business, you can maximize your profits.

Why don't you start a real business first and at that time you also learn about cryptocurrency. If you want to invest in cryptocurrency, you must spend time to learn about it first. Not hurry.

I’d for sure open a real business. It can sustain you in all times and if you put in an extra effort it can bring you more money on the table. Can you say the same for investment in crypto?

Let’s take an example where you decide to open a lawn mower business. You can put in as many hours as you want in the spring and summer time if your rates are attractive enough. Efficiently you yourself can decide how much money you will make. You will not have a lot of work during the winter but there you will be running your snow shoveling business. On top of that it looks good on a CV that you had your own little business.

Let’s compare that to investment in crypto. Here you are at the mercy of the markets. Who is to say that we will ever have a bull market like we saw last year again? If not, then you really must beat the markets to make a sustainable income from investing in cryptocurrencies. Beating the markets for the average Joe is almost impossible at least in the long run. Sure, you might be lucky and hit one of those coin which multiplies your investment a thousand times but what is the likelihood of that?

I myself run a little IT company and I can write off some of the things I buy for crypto. I would very much recommend that 😉 Write articles, do SEO, become a webmaster etc. There are plenty of opportunities on the internet for running your own business.

Invest only if you have excess money in crypto market as it is highly risky and also with current market quite unstable might lead to more losses if it dips further . Though their is a huge upside from here possible but if you require urgent mienyband market is down you would get struck and cannot sell it or will end up losing money .

Being faced with these two choices basically means there is a possibility of you to at least take advantage of the two. Like they always say, never put all your eggs in one basket. The truth of it all is that this space is a whole lot interesting when it comes to the possibilities of making some good bucks in the long run, or even if you are just investing and holding for the long term, but you also have to understand the short term risks as well and the little long term risks. It is a new space, so you do not have to pour all you have in it. So put what you know you can handle, and then put the rest into other businesses of your choice.

opening your own business is more challenging for you and of course gives you experience about financial management, even though your business is small, but we know that all the big ones start small
all you need is support from the environment around you to do business, whether it's selling food, producing shoes, clothes, or anything else
or you can sell blog templates, or SEO services, and so on

I think you should ask yourself if you’re financially fit enough to start up investment. If not, then the best thing for you to do is open a business and from there you can raise enough income to invest in any cryptocurrency of your choice, especially Bitcoin. A real business is not risky as investment. But if you still choose to go for investment, that’s your choice.

You can invest and join crypto but never use your money have you get from your parent, maybe you can use your money for real business after getting profit you can invest your profit at crypto as got solution for you.

If I were you, then I would do both, indeed even though it would be very busy but while you can why not, I'm sure many people want to succeed when they are young so do everything you can. Anyways if you want to choose then adjust to your skills, I can't suggest you one of them because I can't force people's choices while I don't know where your skills are.

If I'm just stuck with those two choices, then I'd go with doing both. I mean with the market right now, you can build your portfolio for much less and wait for the bull run. Business wise, you should start when you're young and fresh to take in mistakes and learn from them. From there buikd yourself up and be wiser in handling a business.

You should open a real business it will give you a passive income and it can sustain your daily needs specially your family it is very important that you have a source of income, investing in crypto currency for now is very risky it can't sustain your daily needs even your family, the market for now is not on the good condition so better think the best way.