What should I choose - page 24. | Bitcointalksearch.org

arpon11

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Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

Invest into cryptocurrencies is also a real business and I think all depends on how you see life. Business is all about knowledge and skills and the more of it you have the better you will be in it. Cryptocurrencies' area of business is more profitable than our convention system we have. Few people among the humanity understand and can used bitcoin or blockchain technology to make money through trading and exchanging and if you can develop yourself I think you will have an hedge above others.

Quote from: maxreish on November 13, 2018, 07:06:19 AM

Both are good, but if you are going to invest in the cryptocurrencies you must first prepare yourself for the possibilities. And before you invest in any type of crypto, you should first check the success rate and the potential of it.

Good luck mate.

I agree with you and op need to understand the risk and reward that are in any business he or she wants to do. In cryptocurrencies trading you just need to keep risk in mind and investing into icos is even currently more risky. However, if you are not a risk taker I will said it is better to do the offline business that you can have some control over and the risk is minimum.

XCANA

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Considering the fact that the price of cryptocurrency is low still warrant an individual or group of persons to invest in cryptocurrency because cryptocurrency will boom to the moon sooner than later, so, investing on it will pay more than the real business. Last years i made an investment into cryptocurrency which am still yet not recovery from because i invest $10,000 on BTC and get back $50,000 which cannot happen in real business investment.
Therefore, i strongly recommend option (1)

miltonpogi

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It really depends on how you approach things. Those two are different kind of investment and will need different kind of approach and they are both risky in its own way. You should research first on what you are tackling. Don't let emotions control your judgement. If I were in your position, I would choose what am I comfortable with.

aad140386

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simply getting the job done

Why don't you try both option? Investing in cryptocurrency will not take away your free time, which you can direct to build your own business. You can invest 50% in cryptocurrency and 50% in business. If you do not have enough money to build your own business, you can find a companion. Also, you can consider this option: Part of the funds should be invested in cryptocurrency, part of the funds should be invested in someone else's business and profit from the existing business, and at the same time you can work. Then you can save money for some other business idea.

bajingluncat

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actually the answer to your question returns to yourself, I will give some of my thoughts, at least for you to consider
1. Is the business that you are going to open according to your fashion? Or the same as the field of study that you have completed? If the business is part of a hobby or field that you are in control of, it will usually be successful, but if the business just goes along and tries it out the success is small
2. Is capital enough? You need good planning and confirmation if not from the beginning you will encounter many obstacles
3. mastery of knowledge, if in business to what extent do you master the business that you are going to live because if you are still lay in the business then you will be unable to compete
4. If you choose cryptocurrency, is your mental strength strong enough because the risk of losing money will be very large
5. a good business is a business that you start is not what you keep on asking, think good, believe in your choices, discipline and keep learning I'm sure if you are committed from the start you will be successful, essentially dare to start

indrakusumaindra

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Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

Well i do also just graduated last year from college and i do been through the same problem. First you need to think what businesses that you would like to build and what kind of businesses that your friend offer. I do choose to invest in cryptocurrency right now cause i think to build a businesses it will takes a lot of capital and i'm trying to gain money from cryptocurrency to build a businesses that i been dream of. If you do have a money and experienced in the field of the businesses i would recommend you to open a real business but if you able to do both i would really recommed that cause we do need an investation for our old time, and i think crypto is a good investments for long term.

Betwrong

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Quote from: zeingrind777 on November 13, 2018, 02:46:52 AM

Quote from: Betwrong on November 12, 2018, 07:56:55 AM

~

Sorry, I didn't notice your other reply where you were saying that receiving crypto as payment is not allowed in your country. So, my idea with a small cafe is not an option then sadly. Also I learned from the same reply that your current capital is 3,500 USD, which is definitely a very small amount to open your own business. As The Pharmacist pointed out, you may not survive the competition with big corporations who are in an advantageous position.

Actually I think you have a very good profession and if you still can work in that advertising company where you worked part-time, I would advise you to do just that. Many young people think that having their own business is way better than working under authority, but they don't realize that in most cases working for a company means working 40-48 hours per week, while you own business is a 24/7 pain in the a**.

Sorry, I haven't thought that far that business will kill my time longer than working part-time. But unfortunately, I left my job when I graduated from college. By this time it was half a month I graduated from college and I hadn't decided the direction of my goal. It seems like a small cafe is a good idea for doing business. I don't need to be afraid to face competition from big companies, because I will make a different concept to make customers feel comfortable and continuously visit my place of business.

I'm glad the idea with a small cafe is still an option. As I suggested earlier, use the best coffee beans in the world and you'll beat all the competition. The most expensive ones are Kopi Luwak priced $1k per kilo, but actually I don't think you'll need them. The very fact that the fermentation occurs as the beans pass through a civet's intestines, and collected after being defecated with other fecal matter, may not be that appealing for your customers. But there is another kind, equally rare and valuable for coffee lovers, but much less expensive. It is called, Jamaica Blue Mountain Coffee, and I think the fact that 80% of JBM coffee is shipped to Japan is something which must be considered, because this country is known for importing only the best.

Good luck with your business! And keep in mind that I will be glad to give you more suggestions.

maxreish

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Both are good, but if you are going to invest in the cryptocurrencies you must first prepare yourself for the possibilities. And before you invest in any type of crypto, you should first check the success rate and the potential of it.

Good luck mate.

waqasniaz007

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Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

Open real business and than invest some amount of profit in cryptocurrencies after research. It's not wise desicison to totally rely on crypto because this market is so volatile and u can loose huge amount of your capital.

kakonhat

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Crypto in my Blood

Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

Everywhere need knowledge. If you would like to open own business you should have the knowledge which you would like to start. Yes, business not bad even good but if you have good money you must invest in cryptocurrency beside your business. By this way, you can compare which is benefited. I don't like to invest money for only one work, I would like to choose various work for backup and it always a good decision, I think.

paparexon0414

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I'll go for opening a real business. If you are a real crypto enthusiast, you already have the idea that cryptos are not stable and volatile. Opening a business will be you first step in attaining whatever future goals you want. As your business grows in the future, you can have another venture of investments like cryptos. Better to save and earn but if you do both in the same time its a good start also. Afterall both needed a capital to start. But if you think the best time to do this certain plan, its better to plan ahead.

gurang

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Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

choose in that two where is the right for you or what is comfortable to you so before you choose make sure that you will never regret after you choose, think wisely

Ranly123

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Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

You should consider first the course of your education. If your course is related to business then you should pursue what you have planned from the beginning. Not that your friends recommend this and that but it's your decision to be followed. Whether you invest in crypto or in a traditional business, at the end of the day your decision is what makes it important.

flametoken

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Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

Opening a business is as risky as investing in cryptocurrencies. 90% of business fail in the first years and 90% of those who live more than 2 years fail in the first 5 years. Depends on your risk appetite. Consider that starting your own business is also a time consuming enterprise, it will take your attention for most of the waking hours.

But there are also advantages to starting your own business. You get to learn a lot, meet a lot of people and form relationships and if your first business doesn't succeed then you can always apply the things that you learned to your new venture.

And you can mix the two by accepting cryptocurrencies as payment and then holding them as investments. The choice is yours!

mariah.sadio

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Starting your working life after studies really is a life-changing part. If you have your own or you already saved small amount of money, try first investing half of it to cryptocurrencies in order for you to be familiarized about it but the still the best thing to start with earning profits is to open a real-time physical business because you have assurance since you are just a beginner in crypto world.

zeingrind777

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Quote from: Betwrong on November 12, 2018, 07:56:55 AM

Quote from: zeingrind777 on November 12, 2018, 03:18:43 AM

Quote from: The Sceptical Chymist on November 11, 2018, 10:04:03 AM

Quote from: zeingrind777 on November 11, 2018, 09:22:50 AM

But the problem is, in my country, the financial authority prohibits every merchant and company from receiving crypto as payment. That's illegal. In my country, crypto is only allowed as a commodity asset and not as a purchase transaction tool.

Well that unfortunately rules out a lot of options as far as opening a business that accepts bitcoin.

What was your major in college, if you don't mind my asking? What did you study?

The two things you mentioned as possibilities (starting a business and/or trading crypto) are both extremely risky. Don't know what country you're in, but in the US I believe most new businesses fail. The big corporations can offer products and services at much lower prices than a small business can, and big companies have eliminated a lot of their competition because of that. Depending on what you studied, you might want to seek out a job first and get some real-life experience in the workplace before starting your own company. We've all seen geniuses like Mark Zuckerberg and Bill Gates establish extremely successful companies right out of the gate, but those instances are rare.

As far as crypto trading/investing goes, you could do that with the capital you have if you find a job that pays your living expenses. Jumping into that now is way too risky IMO, and I have a feeling the ICO market is going to come crashing down to the ground--and sooner rather than later. Investing in bitcoin might not be a bad idea, but you'd still be taking a huge risk.

Good luck on whatever you decide.

My course is a visual communication design. I learned about image editing, video, sound, advertising and printing. When I was in college, I also worked part-time in a print and advertising company. You know that being an employee makes me bored. There are a lot of life pressures in there. Therefore, I want to earn money by not working under authority.

Sorry, I didn't notice your other reply where you were saying that receiving crypto as payment is not allowed in your country. So, my idea with a small cafe is not an option then sadly. Also I learned from the same reply that your current capital is 3,500 USD, which is definitely a very small amount to open your own business. As The Pharmacist pointed out, you may not survive the competition with big corporations who are in an advantageous position.

Actually I think you have a very good profession and if you still can work in that advertising company where you worked part-time, I would advise you to do just that. Many young people think that having their own business is way better than working under authority, but they don't realize that in most cases working for a company means working 40-48 hours per week, while you own business is a 24/7 pain in the a**.

Sorry, I haven't thought that far that business will kill my time longer than working part-time. But unfortunately, I left my job when I graduated from college. By this time it was half a month I graduated from college and I hadn't decided the direction of my goal. It seems like a small cafe is a good idea for doing business. I don't need to be afraid to face competition from big companies, because I will make a different concept to make customers feel comfortable and continuously visit my place of business.

julius caesar

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Quote from: zeingrind777 on November 10, 2018, 09:23:00 PM

Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business

Give me the reason why you choose between the one above

regards

Well between the two opening a business requires so much effort, money and time but a real essential one cause you are making your own name for it unlike in cryptocurrency invest your Money awwhetherfor it to successful, and I am taking the exaggeration to that in the sense that running a business is a continuous source of income unlike in cryptocurrency it will be a win win situation for you and your money.

celot

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You can choose both of your option, you can keep invest your money at cryptocurrency or you can make your real business, by they way getting profit on crypto currency you can use for your real business project and keep your business is running away,

ChirpClever

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did you work somewhere earlier? do you knowhow to manage people? if not i think first you should work in some business which work in industry which youb would like to start business. this will help to not make basic mistakes that makes everybody who didn't do anything in this indusrty. I think first try and than do business.
If you think about investing in cryptos you can make it won't interfere with business/work because if you invest in longterm it won't take more than 2-3 hours a day in normal situation

nguyenlinh0702

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I suggest you open a real business because Cryptocurrency now just a expection to a new good technology and it have no any guarantee it will good.
If you have a good ideas, you should open a real business and invest CryptoCurrency as a long-term investment with your profit from your business

Topic: What should I choose - page 24. (Read 29992 times)