A lot of people are asking 'What now?' today, now that Bitcoin has crossed $100k.
Some ideas:
- Hold your own keys
- Run your own node
- Build the circular economy
- Work towards making Bitcoin the best money that it can be
Job's not finished.
Discussion
When the time is right take out your Bitcoin profits and start a business that accepts Bitcoin but.. I don't think the time is right just yet. Bitcoin is still producing too much profits.
I think when Bitcoin starts eating up commercial real estate prices then that's probably when the time is right.
Until then. Keep hodling!
?
We started a business that accepts Bitcoin. No need to ‘take profits’
How much did it cost to start your business and what is your yearly costs to keep it running and lost important are you profitable and have you broke even?
You can't start a business without money. Building an app also requires a lot of money and then requires more money to keep the developers hired to keep improving it.
If it's not an online app and a local business instead. Most type of businesses requires a lot of start up money. Plus you will need to pay rent monthly.
Most people don't have that type of money.
So if you've been putting your money into Bitcoin and have a sizeable amount of money to start a business.
What I'm saying is don't take that money and start a business because the economy is bad and real estate will eat up most of your profits plus theft(taxes).
Most businesses fail within 5 years and becoming shorter since the plandemic.
It's better just to keep hodling until the time is right. The time will be right when real estate has massive declines because of Bitcoin.
If you are not making a good decent profit from your business than there's no point.
"Most companies" are not bitcoin companies.
The fiat system makes you think, you need debt to produce something.
Will do.
True word Zee. There’s plenty for us to do. I’m jumping on with solo mining, I also want to get a lighting channel or 2 up, I’m actively sharing what I can with normie devs and the big network thing is me spending them there sats!
Love to hear it.
There's still work to be done...
Thank you
We are just getting started!
This is the way