One Single Reason Why You Need an Offline Investment...
If you’re considering acquiring an offline business you will likely be thinking about what business model is right for you, which industry you want to invest in and what you want to get out of the experience personally.
Considering the fact that online business most especially crypto investment is the future, it can be difficult to align these priorities with the opportunities available.
Thus you might be finding it difficult to see reasons to invest offline, but here is a single reason you should have at least one offline investment.
TAKE NOTE
It is an inarguable fact that local currencies or fiats are in the past and present of money. Equally true we should spend more time buying and holding Cryptos, but what happens if there is no steady flow of fiats.
Last week, I sold 70 Steem Dollars at 3.57 USD per one all because I urgently needed some local currencies to solve an immediate need. Just after 15hours of selling my coins, Steem Dollars rose to 5.2USD per one. That means, I lost 114.1USD within 15hours.
This won't have been the case if I had access to daily income in fiat from an offline investment.
We all know that our local currencies hardly adds value, instead, they depreciate in value.
A mobile device of 100naira today will be sold 200naira tomorrow. This simply means that the value of the product rose and that of the currency remained same or depreciated.
IN CONCLUSION
While investing online for the future, its wise to have a few offline investments to carter for the present to ensure losses are avoided like the one I narrated above. Offline investments ensures you have local currencies to trade and carter for daily basic needs and gives you room to freely hold on to your cryptocurrencies for the future comes when you can do all trading with these currencies.
Steemit could eradicate poverty in 2018.
I alone can't effect that.
You too can join me touch lives.
Have you ever recieved some level of financial freedom on steemit?
Do you belief the steem blockchain can wipe away poverty in the world?
Then join me as I wage a steem war against poverty
Join the tag "steemwaragainstpoverty"
Join our Discord Channel : Steem War Against Poverty
True talk buddy. I don't agree less. Offline investments with a steady flow of fiat makes your online investment much more worth it.
Exactly... Thats a secret...Revealed with the single aiming of having financially free steemians
Yea,I totally agree with this,it's good you have some physical businesses you are doing not online alone,but keep investing in crypto for the future.
Ya! Crypto is the future. Fiat is now. A touch of fiat on a daily basis will ensure we hold cryptos with little or no pressure of exchanging them...
you definitely don't want all your eggs in one basket, diversify
Ya that could be one of the reason...but not the major reason i explained above...
That's true.
The same thing happened to me when I needed money urgently to solve some school issues.
Sorry about that. Now you can change things and avoid a replica of that by simply having offline investments...
Thanks sir, i have always advised my friend on thi too
diversifying is important dont want all your eggs in one basket just in case you drop it :S
True that. Even though crypto is the future, we have to factor in the rate at which the society is adopting it.
Good post
Good advice