November, 2023
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Posted by: lustigenarren | Posted on: November 4, 2023
PS: This is the ultimate advice at the end of my articles: seeking residual income is the best way to start a work from home business:
Best Businesses from Home
In finding the best home based business for someone who dreams of being an entrepreneur, there is no hard and fast list of “bests.” One entrepreneur’s best home based business idea is another entrepreneur’s worst. So much depends on what that business owner-hopeful enjoys doing, knows how to do, and has some of the resources already in place for. Other considerations in determining the best home based business are what the desired market will bear – what the competition is, and how saturated the market is.
The best way for someone who wants a home based business to start is to determine what she or he loves – what she looks forward to doing, what makes the time fly by for him, what she would gladly spend many hours of every day accomplishing. The next step is for the owner-to-be to assess his or her training, skills and knowledge of various industries. Putting the dream list with the skills list should indicate some crossover. Those things that end up on both lists are great indicators of the best home based business type for this business owner to-be. If, for example, a veterinarian’s assistant is tired of making very little money working for someone else, braving the 30 minute crawl along the highway commute, but really loves those horses that her employer cares for. She might well be a great candidate for a riding school proprietorship, a horse farm, or a grooming facility.
Once the industry and anything more specific in the way of products or services has been determined for the best home based business idea, the work is not done. The business owner has to determine that the business will make money. Questions the entrepreneur has to ask himself are “Who will be my customers? Why will they choose my service? How often will they need my services – what will make them repeat customers? Who is the competition? How can I vary my services from the competition – i.e., what might be my niche? And, what should I charge for my services (based on what others are charging in the market area)?
Part of determining what to charge is determining expenses that must be paid to stay in business. Once the entrepreneur determines the price that will be competitive she or he must find out if that asking price will bring in a profit. If the price that must be placed on the product to make a profit after expenses is too high to be competitive in the market the choices are to change the market or change the product. If it doesn’t make the company money, it’s not the best home based business.
PS: This is the ultimate advice at the end of my articles: seeking residual income is the best way to start a work from home business:
Earn Residual Income.
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Posted by: lustigenarren | Posted on: November 2, 2023
Trading and investing may sound the same, but in reality, they are as
The Bitcoin trader thrives on the exciting volatility of bitcoins. They’ll try to
Traders don’t get scared of dips in the price because they are optimistic it’s
Trading takes a lot of guts. It takes a lot of thought and analysis. If you’re
Bitcoin investors are different from traders. They’re in it for the long haul.
A wise investor will practice the dollar cost averaging method to manage
Should You Trade Or Invest In Bitcoins?
Trading and investing may sound the same, but in reality, they are as
different as day and night. Trading refers to a short-term method of trying to
profit from buying and selling of bitcoins while investing refers to a long-
term strategy where a buyer will hold on to their bitcoins for a long time and
ride out any dips in the market price.
The Bitcoin Trader
The Bitcoin trader thrives on the exciting volatility of bitcoins. They’ll try to
time the market and buy bitcoins when the price dips and then they’ll wait
for the price to go up before they sell their bitcoins. Trading is a high-risk
game because you’re betting for the price to go up or down. Not everyone
can trade, however. The most successful traders are those who have
nerves of steel and can detach their emotions from their trades.
Traders don’t get scared of dips in the price because they are optimistic it’s
going to go up again, sooner or later. They are looking to maximize their
profits, too, so they’ll mostly invest a lump sum and buy at the lowest price
they can possibly go for, and then they’ll wait until the price is high enough
for them to make significant profit.
Trading takes a lot of guts. It takes a lot of thought and analysis. If you’re
an emotional type of person who gets physically sick with every dip in
bitcoin price, then you’re better off investing, and not trading, in bitcoins.
The Bitcoin Investor
Bitcoin investors are different from traders. They’re in it for the long haul.
They’re not looking to take advantage of short-term fluctuations in the
exchange rate. If the price goes down by hundreds or thousands of dollars,
they’re probably going to get worried, but they’re not going to pull out their
investment because they’ve already decided they’re going to hold it for the
next 10, 20 or 30 years.
A wise investor will practice the dollar cost averaging method to manage
risk. This means whether the price goes up or down, they’re going to buy
bitcoins and hold them. This strategy is perfect for long-term investments
as you’re essentially spreading the risk. Though profits may not be as
significant as short-term trading, the bitcoin investor probably sleeps easier
at night as they’re not worried how the charts are going to look like
tomorrow or the day after.
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Posted by: lustigenarren | Posted on: November 2, 2023
Going into an unpredictable business like cryptocurrency can be daunting.
As far as Bitcoin is concerned, some people have experienced a certain
Other than Bitcoin, there are lots of other cryptocurrencies that are
Hackers and scammers these days have devised means to get into the
Bitcoin investing isn’t a get rich quick scheme. It’s something you should
4 Tips for New Bitcoin Investors
Going into an unpredictable business like cryptocurrency can be daunting.
Because there is no centralized authority and rumors get spread quickly
about digital currencies, it’s a volatile market to get into. However, if you
are willing to take the risk, there is money to be made. Below we discuss
five important tips that you must know if you are considering investing in
Bitcoin.
1. Do your research, due diligence, and homework
As far as Bitcoin is concerned, some people have experienced a certain
level of success while others have suffered loss. If you are entering into
this business, it is important that you know just what you are getting into
and invest only the amount that you can afford to lose. Being a Bitcoin
investor is quite exciting as well as confusing, so you should not enter
based on only what you have heard. Do your own homework and stay on
top of the ever-changing market.
2. Have an effective diversification strategy
Other than Bitcoin, there are lots of other cryptocurrencies that are
doing well and growing fast too. Try to diversify into any of these
alternative cryptocurrencies because, in times when Bitcoin drops, these
other cryptocurrencies tend to perform better. When you are waiting for
Bitcoin to increase in value, you can continue to trade in these
alternative cryptocurrencies.
3. Do not keep your Bitcoins in the exchanges
Hackers and scammers these days have devised means to get into the
crypto space and rip people off. You can save yourself from this menace
by using exchanges strictly for exchanging. Once you have bought a
currency, move the money into a Bitcoin wallet that only you can control.
It is even better if it is a hardware wallet.
4. Be ready for a bumpy ride
Bitcoin investing isn’t a get rich quick scheme. It’s something you should
plan on participating in over a longer-term. You may have to steel your
nerves sometimes because of its volatility, but it can be worth it. But it’s
going to take effort. Effective diversification can help, but that too
requires a bit of effort and work. The most well-known and effective
strategy thus far is to “HODL” which means to hold on to your investment
no matter how volatile the market gets. Getting into the crypto-space is
quite tricky which is why you must be able to understand how the market
works in order to tilt it in your favor and ultimately end in profit!