Topic: 2022 Savings and investment plan - page 11. (Read 1337 times)

I could advise you to learn the skills of trading, it is better than holding in my opinion. If you have manage to master it then you could earn a fortune if a lifetime with the right amount of capital to use. I think you are good enough to read the basics of trading and may with some help of a legit guide to help you out start from scratch. I once traded on my early days but retired from it due to lack of finances. This year and before just hit me hard and I am literally crawling just to survive, so many debts to be paid and so on. Good luck out there brother.

If you want to get this then the only answer is to invest in BTC if you diversify you will definitely run to altcoins which may actually make your investment risk higher, except you considering another form investment like stock etc. Everyone who invests in BTC and is patient with the target must be enjoying the results now.
But honestly I think to start something new you don't have to wait for the year change if you feel what you are doing is in the wrong direction it would be better to fix it right away than waiting for the next year.

Interesting to know about your plan for the new year. I also have thought about doing something like that so that I can be ahead of most of us. My first priority will be what I have done wrong in 2021 and why that happens. I want to do that first because I do not want to do that same mistake again. Then I will calculate how much loss I have taken and how I can recover from that. The next work which is important and that is finding the trend for 2022 and picking up some project for that where I will make my initial investment for the year ahead.

Please let me know if i need to add something with all these too.

Also part of my plan.

I've taken a lot of risk for the past years and I think that I shall still take more risks for this year but with a better plan. And that's with what you're saying about being stable and with a development.

That development in my plan to have a source that will be generate more stable income. I have no problem if the market is too risky but as we grow old, we're planning a lot of things that we think is necessary to have and to keep up for our family.

OP, did you want a discussion about something specific here or did you just want to tell the community some vague stuff about what you're doing with your money?  If it's the latter, I'm pretty sure no one cares.  If it's the former, why don't you ask a question or tell us what you want to talk about?  Is this about bitcoin at all?

Assuming the topic is "savings and investment plan" for this year and that bitcoin is involved, I'd say that we're probably going to see a new ATH at some point if people remain bullish and bitcoin stays in the news (in a positive way).  And with that said, I'd also say now is probably not a bad time to buy and hold, for 2022 and longer if you've got enough capital that can be tied up for long periods of time.

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.  I noticed that I had tons of dust amounts of oddball shitcoins in it, and I'm not even sure what 90% of these coins are or how they ended up in my account.  Here's a couple of screenshots:




So yeah, a lot of these coins that get hyped up big time (especially on social media) end up in the 1-satoshi graveyard of Yobit.  The majority of them in fact, even if they don't actually hit 0.00000001BTC with zero trading volume.  I just watched a YT vid from 2018 yesterday where some guy was extolling the virtues of mining Zelcash, which was over $100 when he made the video.  It sounded familiar to me, so I checked CMC and found it's going for $0.12.  Yep.

I have learned a lot about my experiences last year, especially in making decisions for every cryptocurrency that I have invested. To be honest, I've lost a lot of money last year because of getting too much into FOMO, bad trading decisions, not doing my own research, being greedy, and not ready emotionally in taking risks.

I've lost more than what I have gained from my work, side gigs, etc. But more importantly is that I did manage to control my savings as I diversify the income that I have until now. I've upgraded my computer unit, investing on my ongoing keto diet, giving gifts to my family and extended family, and also donating and giving back to the needy (especially typhoon Odette).

Just two days ago, I've made my decision not to be greedy on a single token that I've bought. From $0.036, I managed to sold it around $0.43 despite that I've missed taking profits at $0.50. Profit is profit, so I'm happy with it. A small step in making good decisions but I'm always aware of the risks. Diversification of our investments is necessary, and do not go all-in.

Taking less risk this year also means that you are likely not to beat your financial record of last year. I like the part of diversification because no man gets financially stable with only one source of income. Therefore buying varied but high use coins will profit your investment diversification more. You can buy coins like etheruem and bitcoin.

I will be specific and all I will make comment about is bitcoin.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

This is not about trading or short term investment and may exceed a year.

Invest in bitcoin, if the price decrease, invest more. A time is coming when bitcoin will again reach all-time-high. All your investment will never at the time be in vain as you will make profit.

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.