Studying and evaluating the past year is very necessary for investors. We have to review the last year completely to know the mistakes we made to avoid them in the new year, as well as what good strategies we succeeded in to continue and work on developing them. For me, my biggest mistakes in the past year were greed and impatience. I got more than a big loss because of my greed sometimes and because of impatience at other times so I will try to avoid these drawbacks as much as possible, also I will try to boost my investments in some good currencies that have done well in the last year.
My personal view of the new year: This year will be the year of Bitcoin and Ethereum and we will see a new peak, perhaps also the end of the many memes and shitcoins that made a lot of noise last year.
Topic: 2022 Savings and investment plan - page 10. (Read 1361 times)
You're basically speaking of the generic things. You're not speaking of anything new or specific. In which case, it doesn't matter whether it's 2021, 2022, 2023, and so on. You know, the usual capital, ROI, time-frame, diversification, and whatnot. All of these should be considered every step of the way.
That's what I was thinking. Maybe it's that he doesn't want to give details for privacy or something but it seems odd to me. In any case, I don't see the point of diversifying much within the crypto world.
I only have Bitcoin and I understand that you can have Bitcoin and some alt if you have studied the project and think it can have a future. Alts are considered shitcoins but some will survive in the long term.
You also have to think that being very diversified is a protection but it also tends to lead to less profitability.
You're basically speaking of the generic things. You're not speaking of anything new or specific. In which case, it doesn't matter whether it's 2021, 2022, 2023, and so on. You know, the usual capital, ROI, time-frame, diversification, and whatnot. All of these should be considered every step of the way.
As for me, I'm not doing a lot, so I don't devote much time on these. Moreover, my Bitcoin hodling doesn't have a timeframe. Neither am I setting a specific price for selling. So things can wait.
It's interesting to know you have a YoBit account. What made you log in after a long time?
Apologies for the off-topic.
As for me, I'm not doing a lot, so I don't devote much time on these. Moreover, my Bitcoin hodling doesn't have a timeframe. Neither am I setting a specific price for selling. So things can wait.
Most altcoins are shitcoins. Speaking of that, I recently logged on to my Yobit account that I hadn't touched in well over 1.5 years.
It's interesting to know you have a YoBit account. What made you log in after a long time?
Apologies for the off-topic.
I setup a monthly automatic buy, so that's going to be the minimum.
Please, I will like to know how successful you're at doing that and on what exchange you're able to do it.I just finished watching Teeka Tiwari's video. He chose Ethereum as his number one favoured coin for 2022. He mentioned that the supply will be cut down by 90% and urged investors to get in and buy for the expected price increase which would be occasioned by scarcity. Well, ETH hasn't been my favourite coin. I don't even own up to 0.1 unit of it. It's the same way I don't own any XRP too. Admittedly, Tiwari's explanation seemed plausible. I may be throwing in a few dollars into it. On my own, I think launchpad tokens, Metaverse and exchange tokens should be ideal tokens to buy this year. I expect a boom there.
It may seem plausible because once ETH network addressed their gas fee problem, I think the price will improve more in the market. As we have noticed, even if people are complaining about their fees, it remains the top 2 in the market and the price sustain the range of 3500-4k. So once we see the improvement in their network, I believe, going above 4k is very easy. So why not buy now, if you have the funds that you can allot to this project and don't wait when it starts going up? It is not investment advice, it is still up to the crypto user where he wants to invest his funds.
I setup a monthly automatic buy, so that's going to be the minimum.
Please, I will like to know how successful you're at doing that and on what exchange you're able to do it.I just finished watching Teeka Tiwari's video. He chose Ethereum as his number one favoured coin for 2022. He mentioned that the supply will be cut down by 90% and urged investors to get in and buy for the expected price increase which would be occasioned by scarcity. Well, ETH hasn't been my favourite coin. I don't even own up to 0.1 unit of it. It's the same way I don't own any XRP too. Admittedly, Tiwari's explanation seemed plausible. I may be throwing in a few dollars into it. On my own, I think launchpad tokens, Metaverse and exchange tokens should be ideal tokens to buy this year. I expect a boom there.
it's your initiative and intuitive that really makes our objectives to come to accomplish.
That's true and there is the saying that "how you make your bed is the way you are going to sleep on it". This is about planning out the way you want your life to be in the future. Whether you will make your money work for you by investing early and diversifying so that at the future you can make profit from different areas and not to depend on just one source of income. You are right , we all have objective and we need to work for the success of it.
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.
It seems that you have just recently discovered investment and the concept of financial freedom? If so, better late than never. I am saying this because what you describe is not something you do every year or this particular year but rather something that is required for everyone at the beginning of their investment life (in my view that is pretty much when you reach the legal age to manage your assets) and upon any significant change of their income or perspectives.
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.
If that will be your approach and considered, your next move, then you are free to do so and see the result for yourself. Like others here, we have different strategies and follow what you think is best. The fact that you were able to draft your supposed economic plans this year, means you already know the drill and somehow already have experience in that field.
The same as usual, focus and be serious about our goals. Try to achieve that target of yours slowly but surely. Any plans are bound to fail even how professionally it was drafted if it doesn't handle properly along the way.
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.
Many people have the tradition to set themselves goals that they want to achieve during the new year, and while most of those goals are never fulfilled one of the most beneficial things we could do each year is to look at the state of our finances and then set realistic goals about what we can achieve during the year, unfortunately most people never do this and as such they never take any kind of big decision about where they want their finances to go, which means that they will never realize whatever dreams they had about improving their economic conditions.Lets not stop on hoping and doing things specially on our plans on investment because we know that this is the only way that we could really enhance our lives in terms of financial aspects.
Of course you shouldnt really forget about having some emergency savings because we cant tell on what would happen ahead.
Just sustain yourself and making profits even though its not constant but at least you are hanging on there.
Their is something we are suppose to have the pre-knowledge of it, from my research, observation and understanding, no years is bad or introduce negativity to our life circle, it's our strategies, plans that makes us to adventure into negative part of life, when strategize well this year it will propagate to us due to our early foundation, so in all ramifications it's not year that brings prosperity, it's your initiative and intuitive that really makes our objectives to come to accomplish.
Anyone can have his own investment plan, if you ask me I would say I have a short to the mid-term investment plan for this year, firstly I should check my note and my investments and I did during the last year and take lessons from my mistakes I've done during that time, then from the lessons, we got from the past we can have a plan for 2022 for example during 2021 I sold a big share of my investment to buy an apartment and gave it to rent to make passive income but now I can see I was mistaken because I could get more profit by holding bitcoin so my first lesson can be to trust bitcoin even if the market is bearish and everyone is panic selling and I'm going to use this lesson for my new investment plan for 2022.
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.
Many people have the tradition to set themselves goals that they want to achieve during the new year, and while most of those goals are never fulfilled one of the most beneficial things we could do each year is to look at the state of our finances and then set realistic goals about what we can achieve during the year, unfortunately most people never do this and as such they never take any kind of big decision about where they want their finances to go, which means that they will never realize whatever dreams they had about improving their economic conditions. 
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.
We do all do have that kind of motives or plans or goals in mind for this new year and if we did commit out mistakes on last years then we are experienced enough on to avoid those things again which does signifies that we are much better than before since we had really gained that experience in terms of investment even though it isn't on expert level but at least you do know on what you are doing.
Invest on what you can afford to lose and properly handling out risk management to make yourself sustainable and able to survive this market.
Don't rush up yourself and make out those realistic goals compared to those people who do set out unrealistic ones.
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.
The best path to building a solid portfolio is to cost average into different positions at regular intervals. By cost averaging at regular intervals you limited your downside and upside risk. If a coin goes down your new buys will bring down your cost average, and if the coin Rockets up you get to catch some of that upside of that rise.
I like your idea of some skill development because that’s how humans know what they can do for the world. I think the most important thing that you should know is where you are right now with your current capital. You would know where you would stand if you know what your current situation is so you can somehow create a plan for it.
Mine is definitely to increase the amount of passive income I am making right now. I know that it is not going to be easy and I know that nobody is giving out free money, but I had a little bit income (very tiny) made with passive income in 2021, and instead of focusing on just building a portfolio of things that just go up and down in value, I would like to have some passive income this year. It won't be a lot for now, but by the end of the year if I can reach to a good level then I would be happy.
Also, these NFT things look like they are not going to leave anytime soon, they are dropping in value for sure if you ask me but they are not fully gone, I am hoping to get a few of my own, not just art, but some utility NFT as well. Crypto world is also open to new stuff as well, maybe I will get something new that we haven't seen just yet, surely there will be new projects in 2022 which we can get into.
Also, these NFT things look like they are not going to leave anytime soon, they are dropping in value for sure if you ask me but they are not fully gone, I am hoping to get a few of my own, not just art, but some utility NFT as well. Crypto world is also open to new stuff as well, maybe I will get something new that we haven't seen just yet, surely there will be new projects in 2022 which we can get into.
Plan for this year is to stack some more sats!
I setup a monthly automatic buy, so that's going to be the minimum.
I'll buy extra BTC from time to time as well.
I setup a monthly automatic buy, so that's going to be the minimum.
I'll buy extra BTC from time to time as well.
My plan for the year already got collapsed, because I limited myself from gambling and decided to spend just a dollar to the max per day. I wasn't able to keep myself in control and have lost $20. Now my wallet is empty, and now I focus much on trading. I've planned to make very minimal earning through trading practice investing on top order altcoins.
I don't have a patent plan to save this year and haven't planned yet, because I still have some bitcoin last year and at yesterday's ATH I only sold part of the profit and the rest is still kept because I believe new ATH is coming and higher.
maybe at the beginning of this year i just buy bitcoin bit by bit whenever there is a dip and to grow my holdings, for now maybe i just want to prioritize bitcoin and haven't thought of any plans for other coins.
maybe at the beginning of this year i just buy bitcoin bit by bit whenever there is a dip and to grow my holdings, for now maybe i just want to prioritize bitcoin and haven't thought of any plans for other coins.
2021 has given the best lesson for me in choosing projects to invest in, and this year I will be more careful, just like you, in managing my finances to get better returns and minimize risk.
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