2022 Savings and investment plan - page 3.

boyptc

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I learned a lot from 2021 and I have regrets that I want to turn into victory this year so I'm planning to be more well prepared to take the risk and never be afraid to try something new especially in investing with good and potential projects. I'll add more allocation to my investment funds so I'll gain more profit from it. I'll be wiser in handling my finances more and would grab all the opportunities that crypto could offer.

We learn lessons from our mistakes. We don't want that to happen again so what we do is to do something like strategizing so that the same mistake will be avoided.

As you have learned the hard way, you'll be forced to think of those mistakes and will correct them for your own benefit. It's actually good if you're investing more these days because that's what it should be.

Investments that we plant today will help us in the future and it's for surely going to be usable.

Viscore

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Quote from: beezee on January 13, 2022, 12:41:47 PM

is it good to invest in all crypto or bitcoin?? I still watch out for everything.

Of course, as long as you put a lot of hardwork patience and knowlege, you can earn more than what you think.
Thats the reason why more and more people accepted bitcoin, because they know that they can build a better future with this cryptocurrency.Bitcoin is proven as one of the best investment in the world.It is a life changing,and you can assure that it can provide you a financial freedom.

Obito

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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.

It's a good idea but OP and everyone who wants to try it should have the will to be able to develop it to become a career in the future and use it for you to be able to make money. I am the same as OP, I am planning to diversify right now but I am still a little bit behind when it comes to the money and crypto needed to be able to do that so I work much harder to be able to diversify much earlier.

jostorres

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Quote from: doomloop on January 24, 2022, 04:28:06 PM

2021 has been a tough year to all of us and mostly to me of course. There were lots of problems that came and it drained me not only financially but emotionally and physically as well. Let's just hope that 2022 is a different one and if possible let us follow what the op is doing, do not just invest right away onto some thing but pause and make a plan first.

People are approaching crypto like it is a quick thing and that is why it is not working for most people, and people who approach it as a business do not really get it neither, both of those people end up either losing money or they are not making enough.

This is not a business, you will not be able to grow it to a size and sell a business by talking to some people and getting the best offer, it has a set price so you will have to sell at that price market decides. It is not a quick like lets buy today and sell tomorrow and be rich thing neither. This is simply like gold, it will not make you rich overnight but it certainly beats holding fiat.

ivankoh

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In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

That's a pity but it can't be said that it would be a mistake even though some are still undervalued or overblown. I have a similar situation but it is not considered a mistake because belief is the long-term future. The price action behind the cycle can cause a lot of panic but patience and trust is better than dumping. Lol

batang_bitcoin

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Quote from: Tellek Garing on February 10, 2022, 04:23:28 PM

Well said every mistake allow us to learn to do it better next time, investment requires high knowledge and in gaining such knowledge we sometimes depend on our own mistakes to build the knowledge we desire, in the previous year quite a good number of investment opportunities came up but then not everyone has the requisite knowledge to tap into such opportunity.

Not really requiring high knowledge. Even having the basic knowledge and you really want to do it, that's already enough in investing. Always take the smooth path of learning and gaining knowledge with your experiences in life and struggles which makes you wiser through investing.
It's a continuous process of learning whether you're new or not to this, you should have that practice of keeping up with your finances.
The struggles that we have in life gives us the idea that we should have a savings and investment plan that will make us free as we grow older.

TheEconomists

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Less risk less turn over hope you are very much aware of that analogy. You have a good plan for the year I will love to know your proposed capital that you want to use for investment purpose so we could assess you at the end of the calendar year 2022 if you so wish to make public.

Pamadar

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Quote from: Tellek Garing on February 10, 2022, 04:23:28 PM

Quote from: Juse14 on January 19, 2022, 08:26:44 AM

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In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

I also feel the same way, although in the end it returned to the original price when I bought it. Hopefully, it can be a lesson for us. It's not a mistake, and even if it must be said as a mistake it's not the end, but it's the beginning for us to be better in the future.

Well said every mistake allow us to learn to do it better next time, investment requires high knowledge and in gaining such knowledge we sometimes depend on our own mistakes to build the knowledge we desire, in the previous year quite a good number of investment opportunities came up but then not everyone has the requisite knowledge to tap into such opportunity.

Indeed, right, coming from those mistakes, you'll be able to manifest a good working strategy.

If you take things appropriately, you'll be getting new sets of knowledge that you can enhance from time to time. No need to be
stagnant and keep using your old strategy that ain't working and just letting you to lose your money. Investment should always be
back up by good planning and a good system to pattern your ways of success.

Tellek Garing

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Quote from: Juse14 on January 19, 2022, 08:26:44 AM

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In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

I also feel the same way, although in the end it returned to the original price when I bought it. Hopefully, it can be a lesson for us. It's not a mistake, and even if it must be said as a mistake it's not the end, but it's the beginning for us to be better in the future.

Well said every mistake allow us to learn to do it better next time, investment requires high knowledge and in gaining such knowledge we sometimes depend on our own mistakes to build the knowledge we desire, in the previous year quite a good number of investment opportunities came up but then not everyone has the requisite knowledge to tap into such opportunity.

doomloop

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Quote from: Alisha-k on January 24, 2022, 07:40:12 AM

Do not take less risk OP, you may end up in the same situation you're trying to avoid, instead of taking less risk I suggest you take strategic and calculated risk, that'll be a better option.
And yeah, your plans are great, I just hope you're able to actualise them.

Maybe he already took a lot of risk last year and got more losses but learned something from that and now he builds up a plan to not repeat the same mistakes again. Taking less risk can lead to lesser gains but that is what he wants, he wants to be stable as much as possible.

2021 has been a tough year to all of us and mostly to me of course. There were lots of problems that came and it drained me not only financially but emotionally and physically as well. Let's just hope that 2022 is a different one and if possible let us follow what the op is doing, do not just invest right away onto some thing but pause and make a plan first.

Alisha-k

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Do not take less risk OP, you may end up in the same situation you're trying to avoid, instead of taking less risk I suggest you take strategic and calculated risk, that'll be a better option.
And yeah, your plans are great, I just hope you're able to actualise them.

Oilacris

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Quote from: molsewid on January 21, 2022, 09:08:43 AM

Quote from: LastKiss on January 21, 2022, 01:28:20 AM

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

That's the common reason I know from many newbies in crypto today is because of the instant profit, high profit that they have heard from other investors and traders. Well, actually I will not going to disagree with it because earning a high profit in crypto is very much possible but also losing it instantly is also very much possible if we don't have enough knowledge on how to deal with it. Most of them are being attracted by the hype which they don't know the principle of crypto, the volatility and the high risk of crypto.

Once they do experience on being fucked up then this is the time that they would really learn for themselves on how reality works on this crypto space.Even myself when im still a noob does have this kind

of behavior or beliefs in mind which i wouldnt deny and for sure most people does have the same since we do start on being a newbie and when you do saw someone who do flex out some good earning

then that greed of yours inside will definitely poked up and thats the time you would be molding up different bad impressions.

Shasha80

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Quote from: molsewid on January 21, 2022, 09:08:43 AM

Quote from: LastKiss on January 21, 2022, 01:28:20 AM

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

That's the common reason I know from many newbies in crypto today is because of the instant profit, high profit that they have heard from other investors and traders. Well, actually I will not going to disagree with it because earning a high profit in crypto is very much possible but also losing it instantly is also very much possible if we don't have enough knowledge on how to deal with it. Most of them are being attracted by the hype which they don't know the principle of crypto, the volatility and the high risk of crypto.

Because most newbies make decisions based on other people's opinions, that's what finally makes a lot of newbies misunderstand crypto
and make them suffer losses. They think crypto can give instant profit, but in reality, to be able to make big profits in crypto, need a long process.
The conclusion is that before deciding to invest in crypto, it is better to learn about the crypto world first. So we understand how crypto works,
that way we can make plan or strategy that we think can make a profit. Without knowledge investing in crypto is just a waste of money,
because the risk of investing in crypto is very large. We have to do research and analysis ourselves, to be able to make the right decisions,
so the opportunity to generate profits is much greater.

SirLancelot

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Quote from: Tellek Garing on January 04, 2022, 03:55:23 AM

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.

I like this your plans but I will help you with few analysis and I believe it will help you to adjust some of them. First the fact that you are penning them down is a fantastic idea, once it is in the head it always end in the head, setting an amount is also cool, diversifying is also a great idea but saying you will take less risk will me you have high chance of not even doing well like you did last year. I guess what should be there should be taking more calculated risk and not just any risk.

molsewid

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Quote from: LastKiss on January 21, 2022, 01:28:20 AM

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

That's the common reason I know from many newbies in crypto today is because of the instant profit, high profit that they have heard from other investors and traders. Well, actually I will not going to disagree with it because earning a high profit in crypto is very much possible but also losing it instantly is also very much possible if we don't have enough knowledge on how to deal with it. Most of them are being attracted by the hype which they don't know the principle of crypto, the volatility and the high risk of crypto.

Congyang

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Quote from: dunfida on January 20, 2022, 03:09:56 PM

Quote from: Congyang on January 20, 2022, 12:18:53 PM

That's right, Crypto is still an option in this case but of course things like this need at least learning and knowledge so that at least we don't get caught up in crypto. During this pandemic, we can't deny that so many people are getting into crypto because this is an option to make real profits.
but they are not aware and just want instant here which makes them trapped in something wrong and not a bit of a scam just because they want something instant.
Being in crypto is not as easy as you think, at least we need literacy to make us more aware and able to take advantage of the opportunities here

Just needing some common sense on which you would really need to learn it first before tending to jump in to the bandwagon because this is new but doesnt mean that you wouldnt really make out some research.

Be aware on what you are dealing with and if you do see that there's a potential which could help you out on at least improving your life then it would really be just normal for someone to make out such
action and this is what i have done when im just starting into this market.It does involved lots of time and effort though but once you do have a good grasps then you would really see
its benefits later on.

well this is the point.
because there is a cause and effect and indeed when we do something good then the result will be good and vice versa.
learning is very important because indeed by at least multiplying literacy at least we will become more understanding not only in crypto but in any case.
As for the benefits that we get from our understanding, it is the result we receive from the results of the learning we do

Oshosondy

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Quote from: Quidat on January 14, 2022, 05:46:52 PM

Most of us would be looking for 10-100x returns thats why they do really intent out to deal with low caps or shit coins in short because they've been hoping for that probability.
Sounds dumb but even myself do really consider out on accumulation but of course you would need to find the best one and wont tend to make out some actions
without any basis or even thinking up because it would really be that risky on doing so.

I remember bitcoin made it up to 10x and more in 2020 to 2021. When bitcoin price falled in 2020 massively, people that invested and that cash out when the price reach $63000 this year will make almost 20x.

Some people believe in low cap coins, they invest but they are now losing. I have heard about many people telling why they follow altcoins and altcoins failed them. But many altcoins lose massively in 2021 but some are just shit coins.

Proper research can help, have more than one coins will help, but we should be careful. See EOS, proper research in 2019 and early 2020 will suggest people to invest in EOS but not a good coin that brought good return in the massive price rise of 2020 and 2021. Good research may not help in few cases.

LastKiss

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Quote from: Tellek Garing on January 20, 2022, 03:45:04 PM

Quote from: Japinat on January 19, 2022, 06:44:22 AM

Quote from: Oasisman on January 19, 2022, 05:33:11 AM

Quote from: ?? on ??

In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

~snip

These are only good for people who love to risk. Pump and dump are for those who understand how the market moves or let's say an expert to that. However, if you don't have that kind of skills, then maybe holding good altcoins and bitcoin will make you profitable in the future.

Investing in crypto is risky in general, that's why you need to learn how to play the game.

Because of the high risk of cryptocurrency investment altcoin have become the riskiest investment option as most of them are just pump and dump coins and if you don't know how to follow their market wave one can end up losing everything, but again, building a good portfolio with quality and more stable coins will guarantee a good return on the long run.
But the fact should that holding Bitcoin and ethereum may give stable and steady profits compared to holding highly volatile assets.

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

beezee

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The plan I will do in 2022 is to save as much bitcoin as possible and then sell it when the price soars. And I will save it in all crypto tokens but I'll keep an eye on it In order to stay profitable, but still be careful too... because my plan is a little dangerous if all of that is not monitored.

Tellek Garing

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Quote from: Japinat on January 19, 2022, 06:44:22 AM

Quote from: Oasisman on January 19, 2022, 05:33:11 AM

Quote from: ?? on ??

In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

Well, that's a pump and dump type of coins, you'll get good profit from it when you know how to ride and you knew what you're dealing with in a short period of time, but it bears more risks that investing into a coin that already have established their names in crypto space.
Fortunately, what you choose to be investing next really suits your plan on some early retirement to enjoy a better life without all the pressure and stress from your day job. Crypto is a real-life hack.

These are only good for people who love to risk. Pump and dump are for those who understand how the market moves or let's say an expert to that. However, if you don't have that kind of skills, then maybe holding good altcoins and bitcoin will make you profitable in the future.

Investing in crypto is risky in general, that's why you need to learn how to play the game.

Because of the high risk of cryptocurrency investment altcoin have become the riskiest investment option as most of them are just pump and dump coins and if you don't know how to follow their market wave one can end up losing everything, but again, building a good portfolio with quality and more stable coins will guarantee a good return on the long run.
But the fact should that holding Bitcoin and ethereum may give stable and steady profits compared to holding highly volatile assets.

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