What's on your mind - page 6. | Bitcointalksearch.org

Gallar

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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.

Actually, personally, it is quite difficult for me to choose these two things. Because investing money in bitcoin or building a hotel both have very good profit potential. But if I had to choose, I would personally choose Bitcoin. Because bitcoin investment is certainly not too complicated, but even so it has quite large profit potential too. It's different from investing money in a hotel. Indeed, the profits can be said to be much greater than bitcoin. However, we need to remember that building a hotel definitely requires a lot of money. Apart from that, if we have a hotel, of course we have to have employees, and of course the hotel will always be renovated if damage occurs. So in essence, investing in a hotel can be said to be a bit complicated. In contrast to Bitcoin, when we want to invest in it we only need to prepare a safe non custodian wallet number, exchange and money. So with these factors, Bitcoin investment can be done directly and doesn't need to be complicated.

Asiska02

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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.

I will go for bitcoin without hesitation if I’ve made up my mind to invest into something that I can wait for years before I would take some profits from my investment. Going for an hotel is now also a bad idea, but it also comes with its own disadvantages which I’m able to contain myself with the disadvantages of keeping bitcoin which is waiting for a long term. An hotel is an investment that requires you to keep spending on it in order to sustain it from time to time.

You’ll always want to be at the forefront with other hotels in terms of quality and raveling technology which will definitely be costing you a lot for maintenance and upgrade while still making some profits based on how you decide to be hopping into maintenance and upgrade. I will gladly stick to my bitcoin, and patiently wait for 2-4 years for it to mature to take my profit or more years base on how I want my profit to be in the long run.

pawanjain

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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.

Bitcoin is flexible and can be the easy option to chose but we can still explore other options.
I would choose to build a hotel and then buy bitcoins with the profits from hotel.
This way I would be able to diverisfy between them both and gain profits from both assets.

uswa56

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Quote from: Zackz5000 on September 27, 2024, 02:13:41 AM

Quote from: moonhi on September 26, 2024, 10:08:01 PM

I want to know when BTC will reach 100K

Due to it votality nature of Bitcoin its price is always unpredictable the only thing we do is to speculate it price but no really know when Bitcoin will reach $100k.
Bitcoin could be $98k today the next moment it could drop to $80k or it could also skyrocket to $101k that is just the nature of BTC it up and down movement made it price unpredictable, though many speculation has been going how Bitcoin price will hit $100k next year is just just speculation untill it hit $100k.
But the important thing now is for investors to keep on accumulating Bitcoin regardless of the price and continue to hodl for long because Bitcoin will definitely hit 100k in the future.

You are right, anyone is free to speculate on the price of Bitcoin based on their understanding of Bitcoin but it is difficult for us to get someone to speculate correctly and I agree with what you said it is possible that the price of Bitcoin today has increased and in a few moments it will decline again so we cannot fully trust the speculation that others say but it will be better for us to be able to focus on Collecting Bitcoin assets according to the ability that we are able to maintain in the long term, because we all strongly believe that the price of Bitcoin in the future will be very profitable for anyone who holds it.

Pandu Geddon

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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 create a question topic in a forum that mostly likes and invests in Bitcoin. or most have a positive view of Bitcoin investment. Of course, most will choose to invest in Bitcoin. so do I. The reason is simple, building a property for investment not only requires large capital but also handling costs that you must routinely spend. of course, it affects your profit income. not to mention you have to consider your location and market.

Bitcoin is a different investment. if you ask an investor who is active in both, you might get a different answer too. investment in any field must have its risks and benefits.

Zoomic

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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 still go for the two options, all you need is patience to actually achieve it. You can actually do both at once or first build the hotel if you have the money, once you start getting returns from it, you invest in bitcoin using the DCA method. This way you have returns from the hotel which you can support your daily needs with, while your bitcoin investment appreciates.

I would have recommended just bitcoin, but if you do not have any other stable source of income to sustain yourself with, your investment in bitcoin might not be as profitable as it should be. This is because you might be tempted to withdraw it at the wrong time for personal needs. Put all this into consideration and decide for yourself.

nakamura12

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I would choose both if the place you are in would be suitable for business like running a hotel. When you want to invest in bitcoin, it doesn't have to be a huge amount because it all depends on how much you are going to invest in bitcoin. There are also other cryptocurrency you can invest. If you have lots of money then maintaining a hotel shouldn't be a problem for you. For bitcoin, you don't have to spend a lot of money to maintain it and you only need to make your security strong so to avoid losing your funds.

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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 and Property such as hotels has some differences, so comparing which is better between the two depends on the needs and investment goals. Bitcoin can be purchased in small amounts and does not require physical maintenance costs, while hotels require large capital and ongoing maintenance costs and the level of success depends on how you manage it. Competition in the hospitality sector is also very high, you are always required to always innovate in order to maintain business in the long term.
For me, who is quite familiar with Bitcoin, I would prefer to invest in Bitcoin because it is more liquid than property and I can sell it anytime when needed.

Nwada001

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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.

My choice will be based on my country of residence, the city I stay in, and how profitable the hotel business can be in that area, comparing how many hotels already exist, the profit margin, and how much I'm to spend for maintenance and tax payment together with license renewal. If I have checked all this and compared it with holding bitcoin, then I will know which choice will be best for me.

For the main time, there are areas where, if you build a modern standard hotel in my city, even with the competition, all you need is a good management and marketing team, and within the space of a couple of years, your invested capital will be gained.

fuguebtc

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Quote from: Ojima-ojo on September 26, 2024, 03:51:39 PM

Hotel is also a good investment but if I have to choose one among the two, I will gladly choose Bitcoin over a hotel, because with Bitcoin I can avoid paying tax and also cost of maintenance of the hotel.

Maintenance and tax costs will be negligible if your business runs smoothly, efficiently and generates significant revenue. And I don't think we choose to invest in bitcoin just to avoid taxes, that sounds unconvincing. I would also choose to invest in bitcoin but the reason I choose is because I want better returns and I think in terms of returns bitcoin is superior to any investment.

But ultimately, the best choice will depend on the individual, if OP is not a risk taker, especially when large sums of money are involved. Obviously Bitcoin is not for him and traditional business would be better. But if he is willing to take the risk for bigger returns then bitcoin is the choice.

NewRanger

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Quote from: Zackz5000 on September 27, 2024, 02:13:41 AM

Due to it votality nature of Bitcoin its price is always unpredictable the only thing we do is to speculate it price but no really know when Bitcoin will reach $100k.

Yes. the price can change at any time

Quote from: Zackz5000 on September 27, 2024, 02:13:41 AM

Bitcoin could be $98k today the next moment it could drop to $80k or it could also skyrocket to $101k that is just the nature of BTC it up and down movement made it price unpredictable, though many speculation has been going how Bitcoin price will hit $100k next year is just just speculation untill it hit $100k.

No, this is not just a nonsense story and we will soon see it reach 100k

Quote from: Zackz5000 on September 27, 2024, 02:13:41 AM

But the important thing now is for investors to keep on accumulating Bitcoin regardless of the price and continue to hodl for long because Bitcoin will definitely hit 100k in the future.

Agreed. start now and don't delay any longer if there is an opportunity and easy funds.

FortuneFollower

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Quote from: fruktik on September 27, 2024, 02:40:57 AM

Quote from: Ojima-ojo on September 26, 2024, 03:51:39 PM

Both Bitcoin and a hotel are good investment choice for someone who already wealthy, most especially Bitcoin because a wealthy person won't have need for the money he invested in Bitcoin any moment or soon, so he will be able wait for the long term profits that accumulate over time.

Hotel is also a good investment but if I have to choose one among the two, I will gladly choose Bitcoin over a hotel, because with Bitcoin I can avoid paying tax and also cost of maintenance of the hotel.

In today's world, I would choose Bitcoin as an investment tool. How many unnecessary moments are eliminated with this approach, right? You wrote everything correctly about those moments in which crypto looks better than investing money in a hotel. With the latter, there will be so many problems and fuss that it will not have a great impact on health.

..And then again, you can invest in BTC, and then, when you are going to profit from it, you can use a small portion of it for your other ventures.
Also, you are totally right about the health - business, the usual one, is hell on Earth in that regard.

fruktik

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Quote from: Ojima-ojo on September 26, 2024, 03:51:39 PM

Both Bitcoin and a hotel are good investment choice for someone who already wealthy, most especially Bitcoin because a wealthy person won't have need for the money he invested in Bitcoin any moment or soon, so he will be able wait for the long term profits that accumulate over time.

Hotel is also a good investment but if I have to choose one among the two, I will gladly choose Bitcoin over a hotel, because with Bitcoin I can avoid paying tax and also cost of maintenance of the hotel.

In today's world, I would choose Bitcoin as an investment tool. How many unnecessary moments are eliminated with this approach, right? You wrote everything correctly about those moments in which crypto looks better than investing money in a hotel. With the latter, there will be so many problems and fuss that it will not have a great impact on health.

FortuneFollower

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Quote from: Rikafip on September 27, 2024, 01:49:38 AM

Quote from: moonhi on September 26, 2024, 10:08:01 PM

I want to know when BTC will reach 100K

Let me check my crystal ball and I'll get back to you. Tongue

Joke aside, no one can tell you answer to that, and those who claim they know are full of shit and should be ignored. As simple as that.

Haha, you nailed it Grin

Also, welcome to the forum, moonhi!

Check these materials for the future:
Everything you need to know about forum 'activity, account ranks and merit
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

Zackz5000

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Quote from: moonhi on September 26, 2024, 10:08:01 PM

I want to know when BTC will reach 100K

Due to it votality nature of Bitcoin its price is always unpredictable the only thing we do is to speculate it price but no really know when Bitcoin will reach $100k.
Bitcoin could be $98k today the next moment it could drop to $80k or it could also skyrocket to $101k that is just the nature of BTC it up and down movement made it price unpredictable, though many speculation has been going how Bitcoin price will hit $100k next year is just just speculation untill it hit $100k.
But the important thing now is for investors to keep on accumulating Bitcoin regardless of the price and continue to hodl for long because Bitcoin will definitely hit 100k in the future.

Rikafip

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Quote from: moonhi on September 26, 2024, 10:08:01 PM

I want to know when BTC will reach 100K

Let me check my crystal ball and I'll get back to you. Tongue

Joke aside, no one can tell you answer to that, and those who claim they know are full of shit and should be ignored. As simple as that.

Tmoonz

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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.

In as much as it is also good to have a physical investment, if already have an investment that is not Bitcoin related then for me comparing Bitcoin investment and hotel I will prefer Bitcoin investment because it is one of best if not the best digital investment asset that has proven beyond every reasonable doubt to have a good and solid foundation, if the plan is to buy and hold Bitcoin for long time I believe it gives you that peace of mind to grow your asset as when compared to hotel, hotel requires more management skills and can be more expensive to sustain and maintain considering the fact that hotel business can be very competitive whereas Bitcoin is not. Though what we are giving here is just an it you that have your final say as to this regards.

Quote from: moonhi on September 26, 2024, 10:08:01 PM

I want to know when BTC will reach 100K

No one can be very certain as when Bitcoin will hit 100k we can only make predictions and speculations but yet nothing is guarantee, you should focus more on increasing the size of your Bitcoin rather than prioritizing when Bitcoin will hit 100k price.

Solokan

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In my opinion, building a hotel or buying bitcoins that are stored for the long term are both the same because in my opinion both also contain risks. Building a hotel certainly requires expensive costs and there are also many other costs that must be carried out. But of course the profits from hotels are also quite large because hotels are always in great demand for people who really need a hotel.

Meanwhile, if you buy Bitcoin, of course it has good potential for the future because of course the price of BTC will always increase from time to time, but of course the risk is when the price falls and of course it is not impossible that there will be a price decrease in BTC, for example if there is negative news which ends up making people panic. In the end, many people sold BTC.

I personally don't dare compare investments or companies in the real world with BTC because I think Bitcoin is a digital asset that of course I use as a long-term business. Meanwhile, I make business in the real world a permanent job and prioritize it. So I think investing in BTC for the long term and investing in real estate are both very necessary and certainly very difficult for me and I think if I only choose one.

icalical

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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.

In my opinion both Hotel and Bitcoin in 2024 is a feasible investment, but they require different appetites for risk. The hotel industry, especially the luxury and select-service sub-sectors, will continue to outperform with high liquidity and strong investor demand, especially in urban centers. This makes hotel investment appealing for those seeking stable, long-term returns.

On the opposite of hotels investment, Bitcoin may be volatile but has long-term possibilities. The returns may never see that spectacular growth which was seen some years ago; however, Bitcoin is considered a force against inflationary pressures and unpayable government debt. Not last but least, if one does not shy away from risk, then hotels may be more stable in rewarding Bitcoin at higher returns.

adzino

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Not sure how you are comparing building a hotel to investing in Bitcoin. They are both completely different things. We consider hotel as a physical asset that can provide steady income if managed well. But You have got to deal with maintenance, staff, guests, and all that, but you don't have to worry about any volatility and your monthly/yearly profits are more predictable based on how well your hotel is performing. If your hotel is in a great location and offers excellent service, you're likely to see consistent profits.
On the other hand, Bitcoin is super volatile asset. Its value can go up and down swinging like crazy, and you will not get regular income from just holding it. Some days your total portfolio might worth much less than what you invested. But if you're in it for the long term game, it might pay off over time. Plus, once you buy Bitcoin, you can pretty much forget about it. No maintenance required (except for making sure you backed up your wallet and the basics)!

Topic: What's on your mind - page 6. (Read 1619 times)