What's on your mind - page 2. | Bitcointalksearch.org

MarjorieZimmermanGinger

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Quote from: Issa56 on October 05, 2024, 02:50:27 PM

We all have our opinion, and if I am left to choose between investing in bitcoin and building a hotel, then I will go for bitcoin investment. I just have multiple reasons why I just believe bitcoin investment is just the best, but before investing in bitcoin, then you are supposed to have proper knowledge about bitcoin first, know how to secure your bitcoin, and also know how to store your bitcoin private key, so that you won’t end up losing your bitcoin after holding for some time. Some people believe in having physical assets, so I am sure some people will definitely go for that, which I won’t say is a bad idea, but I prefer bitcoin investment.

Building a hotel requires infrastructure and must have management so it is much more difficult and I think not everyone is able to build this business because there are many things to consider. While investing in bitcoin does not require a lot of money because we can run the investment slowly according to the capital we have. Both are good ideas, but we also have to see opportunities because not all places are suitable for building hotels.

Investing in bitcoin is also very simple because we can do it ourselves and do not need help from others. Apart from knowledge, the capital required is also not too large so that anyone can be involved in it, but building a hotel requires a large capital because it requires a building or other needs.

Issa56

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

We all have our opinion, and if I am left to choose between investing in bitcoin and building a hotel, then I will go for bitcoin investment. I just have multiple reasons why I just believe bitcoin investment is just the best, but before investing in bitcoin, then you are supposed to have proper knowledge about bitcoin first, know how to secure your bitcoin, and also know how to store your bitcoin private key, so that you won’t end up losing your bitcoin after holding for some time. Some people believe in having physical assets, so I am sure some people will definitely go for that, which I won’t say is a bad idea, but I prefer bitcoin investment.

Nothingtodo

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

If I were asked to choose between building a hotel and investing in Bitcoin, I would definitely choose hotel building. Building a hotel means that it is a permanent property of mine where I will get a regular income from time to time through which I can earn money and later invest in bitcoins.

Antotena

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

There is a lot of factors that need to be consider first. Doing Bitcoin or building a hotel, do you have another source of passive income. If you don't have a passive income and all you have is the money you wouldn't want to use for the investment, I will advice you start with a hotel or if the money is big enough to complete a hotel, use half to establish the hotel and use the remaining to buy Bitcoin, by this you been able to kill two lions and have two investment.

However, to set up the business hotel, don't do it in a place thag is not remote. Establish the hotel in a busy area where you can have customers and people to check in and check out. You can also add some small entertainment place where people can buy and eat things like what is like in such places, do a swimming pool and ofcourse, arrange a mini bar for people to chill, you will make money a lot of money when you add other stuffs but it has to be in a remote area or location so you business doesn't collapse without any patronage.

uswa56

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Quote from: Pandorak on October 05, 2024, 05:19:09 AM

Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things. [...]

If i have good money, i think it would be okay to choose both. But in this case i position myself as someone who has limited money & must choose one of the two. If so, i will go to buy bitcoin as my long-term investment, bitcoin does not require any maintenance & i will not spend extra money there. Unlike hotels (properties in general) which require extra money as time goes by. I have this view also perhaps because i don't have a good basic knowledge in the property sector, if for example building a hotel can guarantee good profits, building a hotel & delaying buying bitcoin can be an option for me.

To be able to carry out both of these things does require a large amount of funds because it is very difficult to be able to build a hotel if you don't have a large amount of funds to be able to build it, with the limited money we have it will indeed be better we can choose to invest in Bitcoin in the long term and we can do it according to the amount of funds we have but we must have other sources of income to be able to maintain our investment Run it in the long term and also right, as you said, if we choose to build a hotel, of course we must have good knowledge in that field and also require large maintenance costs and I think in deciding on the choice, of course, we must be able to choose a field that we have understood well in order to be able to run and make profits.

Pandorak

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things. [...]

If i have good money, i think it would be okay to choose both. But in this case i position myself as someone who has limited money & must choose one of the two. If so, i will go to buy bitcoin as my long-term investment, bitcoin does not require any maintenance & i will not spend extra money there. Unlike hotels (properties in general) which require extra money as time goes by. I have this view also perhaps because i don't have a good basic knowledge in the property sector, if for example building a hotel can guarantee good profits, building a hotel & delaying buying bitcoin can be an option for me.

Z_MBFM

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

Investing in Bitcoin is definitely a good thing to think about in this digital age as Bitcoin will be a huge asset for the future. However, since it is completely internet based, there are some security concerns and Bitcoin has a huge pump every four years as well as a huge crash. so I think we should first have a physical asset from which we will have a passive income. And then if there is extra money it can be invested for long term. So I would say you can invest in hotels first then invest in Bitcoin

Z-tight

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.

The answer to this question depends on so many factors. Owning a property is obviously a great investment, but there are a lot of additional costs, including: maintenance, furnishing the hotel, cost of paying hotel workers and so much more. However, after buying BTC, all you need do is buy a hardware wallet or use an airgapped wallet to store your coins and that's that. So it will depend on the individual and the amount of risks they can take and how much they can put aside for either investment, but if i have such funds and i have to decide, i'll buy BTC.

MarjorieZimmermanGinger

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

If the financial capability is quite good, building a business in hospitality is also quite optimal as long as you have reviewed that the hospitality business has good prospects in the area. But what must be remembered requires management in developing business in hospitality and is not as easy as running investment in Bitcoin. Therefore we need to look at our abilities before running a business in the field because if you do not have good abilities it will actually take a big risk.

If someone wants to be safer and does not need to think about many things then running investments in Bitcoin is far more enough because they don't need to think about the development and bitcoin are also quite tested in long -term investment. Decisions depend on each other's themselves but previously it is necessary to make a study to decide to do a business in hospitality or not.

fruktik

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Quote from: Swordsoffreedom on October 03, 2024, 02:41:37 AM

You are saying the opposite, most people don't think like that, most people know that being an entrepreneur and running a business is not easy. Most people fear failure, loss and even bankruptcy...when it comes to business. That is why if you read all the comments, most people will choose bitcoin because they think investing is easier than trading.

To put it bluntly, bitcoin investors are people who want to get rich overnight, everyone wants to become rich with little capital and little effort so they choose bitcoin. But things are not as simple as many people think, getting rich by investing in bitcoin also has many challenges and not many people achieve this.

To be fair, investing in Bitcoin or traditional investing depends on each person's choice. Personally, I would try to create a steady source of income before thinking about investing in bitcoin.

I think it's pretty stupid to start investing when there's no steady source of income. I tried to do it myself, but nothing good came of it. You always needed money and had to withdraw it from circulation. Is that right? The question is rhetorical.

Yes, what did you think? People take the path of least resistance. Business is a very complex process and not everyone wants to do something like that. It's much easier to buy some Bitcoin and watch the chart to sell it in time.

perfect999

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Both have their pros and cons that you should think about before you go ahead with your investment decision.

A hotel business can be very profitable if it starts off which means that once you open a hotel, and if it starts getting customers, if it's located in a good place where tourists can come and stay and have a good time, then I'm sure you are going to make generational wealth from that business because you can easily open more branches of your hotel and make it a brand. It's all about how you manage your business, everything else will fall in place eventually.

A bitcoin investment can be good for the long-term as well, the only downside to this is that the price tends to be volatile. However, those who are usually patient and don't panic can get a good profit from Bitcoin investments because even if the price falls, it tends to recover over time.

Rockstarguy

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Quote from: mirakal on October 02, 2024, 05:34:53 PM

One thing that you should think about it, know how much risk you can afford to take. If you can't afford losing too much capital from building a hotel, then never prioritize it in the first place. You can shift to bitcoin and only invest at your own risk, invest an amount that you are comfortable to lose. When that profit and give you massive amount of returns, maybe you can reserve a sufficient amount of capital for building your hotel. But never leave bitcoin as your main source of investment.

This is something people needs to take their time to look into, you don't just make decisions because you fee one will be the best for you to go into as an investment. I think they are both good investment to go into but I think these are investment people needs to make their choice individually because we all are not the same financially.

Their are people who are already stable , bitcoin investment can be the best for them to go into while their are other people that are not financially stable , I don't think it will be best for them to rush into bitcoin because bitcoin investment is a long-term investment and it will be of more advantage to someone who is already stable and won't even depend on the investment and desperate to make quick profit.

passwordnow

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Quote from: Swordsoffreedom on October 03, 2024, 02:41:37 AM

Quote from: passwordnow on October 02, 2024, 05:58:37 PM

To each their own on this but based on my experience, owning a business isn't as easy as people think. Many think that being a businessman makes you rich overnight but what makes you different is you'll have to take charge all over the operations and your staff. Your priority is your staff, your business and you'll be the last to reward yourself until the business can run on its own. So, no brainer choose BTC!

You are saying the opposite, most people don't think like that, most people know that being an entrepreneur and running a business is not easy.

Hmmm, I don't think that I've said the opposite. As you've said, everybody knows that being an entrep and running a business isn't easy, and that's what I have actually said in the bold part.

Quote from: Swordsoffreedom on October 03, 2024, 02:41:37 AM

Most people fear failure, loss and even bankruptcy...when it comes to business. That is why if you read all the comments, most people will choose bitcoin because they think investing is easier than trading.

This is true, people that are not used into risks will choose to go into saving or don't invest at all. But they don't know that they have room to grow and the rich people will choose what's risky to them.

Quote from: Swordsoffreedom on October 03, 2024, 02:41:37 AM

To put it bluntly, bitcoin investors are people who want to get rich overnight, everyone wants to become rich with little capital and little effort so they choose bitcoin. But things are not as simple as many people think, getting rich by investing in bitcoin also has many challenges and not many people achieve this.

To be fair, investing in Bitcoin or traditional investing depends on each person's choice. Personally, I would try to create a steady source of income before thinking about investing in bitcoin.

I think both end are thinking the same. In side of businessmen and bitcoin investors or, it's already honed in the mind of people that if you're part of any of those, you're likely to be rich already. But they do not understand that it's also a numbers game, a risk game that's hard to make. While you're going to choose to have a steady source of income, it's also ideal to invest first in bitcoin and when you've made a profit out of it, that's when you'll expand your source through forming a business.

Swordsoffreedom

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Quote from: passwordnow on October 02, 2024, 05:58:37 PM

To each their own on this but based on my experience, owning a business isn't as easy as people think. Many think that being a businessman makes you rich overnight but what makes you different is you'll have to take charge all over the operations and your staff. Your priority is your staff, your business and you'll be the last to reward yourself until the business can run on its own. So, no brainer choose BTC!

You are saying the opposite, most people don't think like that, most people know that being an entrepreneur and running a business is not easy. Most people fear failure, loss and even bankruptcy...when it comes to business. That is why if you read all the comments, most people will choose bitcoin because they think investing is easier than trading.

To put it bluntly, bitcoin investors are people who want to get rich overnight, everyone wants to become rich with little capital and little effort so they choose bitcoin. But things are not as simple as many people think, getting rich by investing in bitcoin also has many challenges and not many people achieve this.

To be fair, investing in Bitcoin or traditional investing depends on each person's choice. Personally, I would try to create a steady source of income before thinking about investing in bitcoin.

passwordnow

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

If I am the person that don't want much hectic tasks or jobs to do as for having that hotel, I'd simply go over and choose Bitcoin. While there are offers of being an investor of hotels as well through stocks or being a shareholder. My personal opinion is I am not good in hospitality management although I've worked there. But if I am the owner of the business, I'll choose the lesser management thing and that's by holding Bitcoin.

To each their own on this but based on my experience, owning a business isn't as easy as people think. Many think that being a businessman makes you rich overnight but what makes you different is you'll have to take charge all over the operations and your staff. Your priority is your staff, your business and you'll be the last to reward yourself until the business can run on its own. So, no brainer choose BTC!

eightdots

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

You can get ideas from others, but the decision should be yours because every investment has its own risks. You can make your decision after doing detailed research on the things you want to do. No one can tell you exactly which of your choices will be good. What will happen in economic terms is not known in advance.

The choices to be made may change over time. The important thing is that your expectations come true after making the choice. As I said, there are some risks in every choice and you need to be ready for these risks.

mirakal

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Quote from: goldkingcoiner on October 02, 2024, 05:22:55 PM

Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

Most hotels usually have slim profit margins. I would definitely choose Bitcoin over hotels as an investment. Which is not investment advice and I would not recommend taking the investment advice of strangers on the internet when it comes to things like this.

Both are investments and all investments have their own risks.

One thing that you should think about it, know how much risk you can afford to take. If you can't afford losing too much capital from building a hotel, then never prioritize it in the first place. You can shift to bitcoin and only invest at your own risk, invest an amount that you are comfortable to lose. When that profit and give you massive amount of returns, maybe you can reserve a sufficient amount of capital for building your hotel. But never leave bitcoin as your main source of investment.

goldkingcoiner

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Quote from: Forever101 on September 26, 2024, 02:17:17 PM

As an investor who is eager to diversify his wealth to other areas what do you think about this, Building a hotel as means of investment or buying a bitcoins for a long term investment. If you are to choose among this options, which will you choose base on your personal view of things.
Share your idea and Help someone to think right.

Most hotels usually have slim profit margins. I would definitely choose Bitcoin over hotels as an investment. Which is not investment advice and I would not recommend taking the investment advice of strangers on the internet when it comes to things like this.

Both are investments and all investments have their own risks.

Orpichukwu

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Quote from: rachael9385 on October 02, 2024, 01:47:43 PM

Instead of investing my money in a hotel business I rather invest it on Bitcoin because Bitcoin is a good store of value. Building structures lose value with time but only the land still have value, although a hotel business would be better if it is in a good area that is well developed. But instead of to invest on a hotel business I suggest you should try real estate investment and Bitcoin. However, most times in business you either lose or gain, and sometimes what makes the owner of a business to lose is probably because of a poor management.

I see all landed properties as a good investment idea because their value increases on a yearly basis. Even the properties of the hotels you are talking about will keep on adding value as time goes on. Look at the price or materials in the market today and check if properties are losing value or not.

Bitcoin investment is good, and so is hotel investment too. Both are long-term investments, and their value increases regularly, so it's now left with the investor to decide which one is best for them to invest in and which one they can protect the most.

Zackz5000

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Quote from: EluguHcman on September 26, 2024, 06:42:35 PM

Bitcoin is one unique investment structure that is designed to face its own inflations off the global economy system.
Bitcoin is not a quick source of income but literally a safe for long term investment as it requires patient holding while anticipating on making profits in time.
Interestingly you can invest with any minimum capital and how long you keep holding would determine your profits.

Yes Bitcoin is a valuable asset that is Worth to invest on since it is a decentralized asset that can't be control by government it requires alot of patience to hodl Bitcoin investment for longer period of time because is not like a Ponzi scheme where you invest today and definitely get rich tomorrow.
Actually it is the amount of Bitcoin an investor has accumulated and how long an investor continue to hodl that eventually determine how profitable an investor will be.
And also with the DCA strategy of accumulating Bitcoin an investor can accumulate more Bitcoin bit by bit irrespective of the price of Bitcoin either weekly or monthly and continue hodling for long probably between 4-10 years and above provided your discretionary income is readily available so that an investor won't decide to sell his or her Bitcoin hodling when an emergency arises.

Topic: What's on your mind - page 2. (Read 1619 times)