I’m at the point now where if I want to invest more, I need to open another location.
The key to running more than 1 business, as you prob already know, is to hire reliable people to run them and hire reliable hard working people to do the operational work. You would have to step back and do more management by walking around your 2 places to make sure things are getting done correctly. Your would probably need a good financial person to keep you informed about the numbers as well so you could tweak each place to maximize your return... One thing I have learned over the years is ... Happy workers will make you, unhappy workers will break you
What a great place the workforce would be if more people knew this simple idea.
I ran 3 Tae Kwon Do schools for about 10 years. Had a shit load of students, mainly from the military. One thing I made sure of was that I took care of my black belts and higher belts. I had to rely on them to teach at other schools now and then. So what I did was set up advanced training sessions on the weekend ... no charge ... where all the black and higher belts (red belt and black stripe) got together, fought most of the time, trained our weaknesses ( I asked them what they wanted to train).... sessions were about 2 hrs... the bond we had when we taught classes was phenomenal. I would let them teach a lot of the time and I would train. Good thing my Instructor seldom came to my schools cause some of what I did was a big no no to a 9th Degree Korean Master
I can definitely understand that.
My business is vastly different than yours. We produce all 500 different products instore, plus do a hundred of custom customer orders a day.
Lol. Got it at 1.68. Wish the bigs would stop grabbing profits because it would hit 4 if they let it.
It’s just warming up man.
Niiiice. You playing all, spot trading or following the green line?
Better coins to make money on. The market cap for xrp for its value is too high. I still can’t believe it’s a #4 coin. It’s going thru a sec case currently and has been removed from Coinbase a few months ago. BNB passed it for the 3rd spot. You’re still better off grabbing a chunk of eth or btc for the long term.
Xrt is day trading only. I wouldn't hold it past 24 hrs unless it was going straight up.
You've pretty much nailed it here. People invest in the "shitcoins" with dreams of those 1000x returns. Any in the top 10 are likely "safe" investments, at least in chances of going to 0 during the short term, and could potentially generate decent returns but they will never get back to those 1000x gains. XRP currently has a market cap of around 80 billion. A 20x return on where it sits today would give it around 1.6 trillion which means it would be challenging BTC for top spot. It's just not likely to happen. Now a 20x return would still be awesome, but it's probably not realistic for XRP anytime soon. The real ones to make money on are the bottom feeders, but your risk increases exponentially with these!
Depends on how active you are with monitoring. I had a good number of bitcoin and I believe that one day they'll be worth a million each once supply dries up and they become collectors items. The problem is that they rarely move much now so I put them into. Doge is doing its thing and I've gone from getting it late at .22 cents each to .33 cents in a day. 30 percent but I'm watching my protrade screen like a hawk. If you can't take time away from life to watch these super gains then you must stick with a strong coin like bc or ether. If you can watch though, it's like the gold rush right now and fortunes are being made.
You're essentially describing daytrading, which can make or break many people. Although right now I'm sure it's making more than breaking with crypto. What are you using to track your transactions for the CRA?
Exactly. If you’re into day trading you might as well hit up a crypto Reddit discord pump channel and see what’s on the menu of the day lol. Shhh if the CrA don’t know then don’t say. Who here claims their crypto on their taxes?
I'm in a few pump channels and discord groups already. I'm sure there's more out there.